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Ex-Edward Jones FA Arrested on Theft and Forgery Charges

October 7, 2020

Police have arrested a former Edward Jones financial advisor in Virginia on charges of theft, forgery and identity deception, according to news reports.

Casey Kemerly was arrested in Virginia but arraigned in Indiana’s Madison County Circuit Court via a Zoom video call, the Indianapolis Star reports. Kemerly once worked as a financial advisor in Madison County, Ind., according to the newspaper.

Kemerly is still listed as registered with Edward Jones on his  Finra BrokerCheck record. However, an Edward Jones spokesperson tells FA-IQ that "Mr. Kemerly was not an associate at our firm when the alleged crimes occurred. He is no longer with our firm."  

Kemerly began his financial services industry career with Edward Jones in 2012 at its office in Greenfield, Ind., then left in 2016. He was registered with LPL Financial in 2016, Park Avenue Securities from 2017 to 2019, and Asset Management Strategies from 2019 to earlier this year before returning to Edward Jones in January at its Pennington Gap, Va., office, according to his BrokerCheck record.

In 2019, a former business associated alleged that Kemerly stole files and a computer from her office and then used her clients to launch his own business in Pendleton, Ind., the Indianapolis Star writes, citing an Indiana State Police spokesman. 

Kemerly is facing charges of a felony offense against a computer user, forgery with intent to defraud, a felony offense against intellectual property, felony theft of between $750 and $50,000, identity deception and one count of misdemeanor theft, according to the newspaper. Those charges are also listed in Kemerly's BrokerCheck record.

Aside from the criminal charges, Kemerly has no other disclosures on his BrokerCheck record.

Do you have a news tip you’d like to share with FA-IQ? Email us at editorial@financialadvisoriq.com.

By Alex Padalka
  • To read the The Indianapolis Star article cited in this story, click here.
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Tags:  Regulatory/legal issues , Edward Jones , LPL Financial

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