Jones calls for Pickler's resignation from board - Mid-South News, Weather, Traffic and Sports | FOX13

Jones calls for Pickler's resignation from board

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MEMPHIS, Tenn. (FOX13) -

In a shocking move Tuesday evening, Unified School Board member Martavius Jones called for the immediate resignation of fellow board member David Pickler.

Jones accused Pickler of breaking ethics rules, by benefiting from his position on the board.

Jones said Pickler's wealth management firm is the advisor on record for a $12 million investment into a trust fund called GAS-B 45. Jones claims the payout on the deal is $75,000 initially with a $30,000 payout ongoing.

A past president of the board, Jones said he was given a financial disclosure form about the $12 million investment. He says he recognized the address of the broker dealer on the form as the one contracted by Pickler's financial firm. He says a little research shows the investor of record is a Pickler wealth manager employee.

Jones wanted the board to vote on Pickler's resignation, but that vote failed.

Instead the board will vote on whether or not to create an ethics board to work with the general counsels on investigating this matter.

Some in attendance at the board meeting questioned the manner in which Jones brought up the resignation demand, saying it was not the right format.

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