Joliet, Illinois Financial Advisor Faces Criminal Charges For Wire Fraud
Ronald Terrence Molo, a former Edward Jones broker, is accused of misappropriating customers’ funds and costing at least three older clients $778,000 in investment losses. He was suspended by the Financial Industry Regulatory Authority (FINRA) beginning October 25, 2021, after he failed to respond to the self-regulatory organization’s request for more information.
On November 23, 2021, the Securities and Exchange Commission (SEC) filed civil charges against Molo, and the United States Attorney’s Office for the Northern District of Illinois filed criminal charges against him for wire fraud.
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