(WMC-TV) – Shelby County School board Commissioner Martavius Jones is calling for the resignation of fellow commissioner David Pickler.
Jones says the FBI is investigating whether Commissioner David Pickler is profiting from his school board position. They are looking into his link to a school investment fund.
Pickler claims he has done nothing wrong.
"If the public's business is being conducted, it shouldn't be conducted in private," said Commissioner Jones.
Jones says when Pickler voted on the Memphis and Shelby County School budgets, he may have voted to give himself a back-door commission.
His resolution claims money coming into Pickler Wealth Advisors amounts to a one-time commission of $75,000 and a recurring annual commission of $30,000.
"That disclosure to the public was never made by Mr. Pickler," claimed Jones.
Jones says Pickler mentioned his link to the fund in a committee meeting, but no media was present.
"The policy states that needs to be done in public, that needs to be reflected in the minutes," said Jones.
Jones points out in the statements that Advisor Teresa Bailey referred Shelby County Schools to the mutual fund.
Tuesday night, he showed the board the fund statements which list Pickler's office address.
According to Pickler Wealth Advisors' website, Bailey is also Pickler's executive vice president and senior planning partner.
Jones says Memphis City Schools later joined the same mutual fund.
"Whenever I introduce or make a recommendation to a client to a mutual fund, I'm paid a commission," explained Jones.
And Jones says the firm, in this case Pickler Wealth Advisors, gets a cut of what their brokers make.
Pickler told me by phone the allegations are tough to deal with, as he has never drawn a paycheck in his 15 years on the school board.
He plans to write up a detailed report for the school board. He maintains he has done nothing wrong and it will all come out.