State Regulators Fine Edward Jones $17 Million for Mutual Fund ...

Jan 8, 2025 · Last month, Edward Jones agreed to pay $4.4 million in restitution to customers as part of a settlement with the Financial Industry Regulatory Authority over separate mutual fund …

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State Regulators Fine Edward Jones $17 Million For Mutual Fund ...

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Jan 8, 2025 · Last month, Edward Jones agreed to pay $4.4 million in restitution to customers as part of a settlement with the Financial Industry Regulatory Authority over separate mutual fund …

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Edward Jones To Pay $17M Fine To State Regulators Over Fund Fees

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5 days ago · As part of the settlement, Edward Jones will pay each of the 50 states, Washington, D.C., the U.S. Virgin Islands and Puerto Rico an administrative fine of about $320,000 each.

fa-mag.com

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Edward Jones To Pay $17M To Settle Mutual Fund Fee Overcharging …

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6 days ago · A four year investigation by state regulators has left Edward Jones with a $17 million penalty resulting from overcharging certain customers for mutual fund sales fees. The North …

investmentnews.com

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Edward Jones Will Pay $17M To Settle State Regulators’ Investigation

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6 days ago · Edward Jones will pay $17 million to settle an investigation by state securities regulators into how the firm supervised the transfer of brokerage account assets into advisory …

wealthmanagement.com

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NASAA Announces $17 Million Multi-State Enforcement …

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Multi-State Working Group Finds Supervisory Failures with Respect to Class A Mutual Fund Shares. WASHINGTON, D.C. – (January 8, 2025) – The North American Securities …

nasaa.org

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Edward Jones To Pay US$17 Million In NASAA Settlement

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6 days ago · The umbrella group of U.S. state and Canadian provincial regulators, the North American Securities Administrators Association (NASAA), announced a US$17-million …

investmentexecutive.com

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Edward Jones To Pay $17M For Mutual Fund Overcharges, Violating …

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5 days ago · As part of the settlement, Edward Jones will pay each of the 50 states, Washington, D.C., the U.S. Virgin Islands, and Puerto Rico an administrative fine of approximately $320,000.

benefitspro.com

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Edward Jones, Regulators Reach $17M Deal Over Mutual Fund …

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6 days ago · State regulators have reached a $17 million settlement with Edward Jones over its advisors charging commissions for mutual fund sales and then moving the fund shares into …

financial-planning.com

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Washington DFI Joins $17 Million Multi-State Enforcement …

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5 days ago · As part of the settlement, Edward Jones will pay each of the 50 states, Washington, D.C., the U.S. Virgin Islands, and Puerto Rico an administrative fine of approximately …

wa.gov

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NASAA Announces $17m Multi-state Settlement With Edward Jones

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6 days ago · As part of the settlement, Edward Jones will pay each of the 50 states, Washington, DC, the US Virgin Islands, and Puerto Rico, an administrative fine of approximately $320,000. …

globalrelay.com

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TDCI Joins $17 Millon Multi-State Enforcement Settlement With …

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6 days ago · The four-year investigation was led by a working group of 14 state securities regulators and looked into Edward Jones’s supervision of customers moving from brokerage to …

tn.gov

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Attorney General Alan Wilson Joins In $17 Million Settlement With ...

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1 day ago · The settlement resulted from a four-year multi-state investigation, led by a working group of 14 state securities regulators, that looked into Edward Jones’ supervision of …

scag.gov

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Obama-Era Fiduciary Rule Costs Edward Jones $17 Million. Here’s …

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6 days ago · The company agrees to settle allegations from an association of state securities regulators. ... edward-jones-fiduciary-rule-mutual-fund-7499e195 ... that Edward Jones agreed …

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Obama-Era Fiduciary Rule Costs Edward Jones $17 Million. Here’s …

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The state regulators estimate that between 2016 and 2018, Edward Jones brokerage customers who became Guided Solutions clients collectively paid more than $10 million in front-end loads …

msn.com

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Edward Jones To Pay $17M Over Front-Load Commissions

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6 days ago · The firm charged some clients when moving A shares from brokerage to advisory accounts, 14 state regulators found. Edward Jones to Pay $17M Over Front-Load …

thinkadvisor.com

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Dept. Of Financial Institutions: Wisconsin Joins $17 Million Multi ...

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6 days ago · The four-year investigation was led by a working group of 14 state securities regulators and looked into Edward Jones’s supervision of customers moving from brokerage to …

wispolitics.com

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State Regulators Strike $17M Settlement With Edward Jones

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Jan 8, 2025 · State regulators have reached a $17 million settlement with Edward Jones over its advisors charging commissions for mutual fund sales and then moving the fund shares into …

theadvisermagazine.com

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Edward Jones To Pay $17M Fine To State Regulators Over Fund Fees

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As part of the settlement, Edward Jones will pay each of the 50 states, Washington, D.C., the U.S. Virgin Islands and Puerto Rico an administrative fine of about $320,000 each.

fa-mag.com

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Oregon DFR Joins $17M Settlement With Edward Jones Over …

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5 days ago · The Oregon Division of Financial Regulation has joined a $17 million settlement with Edward Jones over inadequate supervision of customer commissions related to mutual fund …

rightnoworegon.com

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NE Involved In $17M Settlement With Edward Jones

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4 days ago · As part of the settlement, Edward Jones will pay each of the 50 states, Washington, D.C., the U.S. Virgin Islands, and Puerto Rico an administrative fine of approximately …

chadronradio.com

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Edward Jones Settles $17 Million Case Over Supervisory Failures

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1 day ago · Under the terms of the settlement, Edward Jones will pay an administrative fine of about $320,000 to each of the 50 states, Washington D.C., the U.S. Virgin Islands, and Puerto …

legalnewsline.com

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Edward Jones Pays $17M To Settle State Regulators’ Investigation

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6 days ago · Edward Jones paid $17 million to settle a probe by state regulators into its handling of brokerage account asset transfers from 2016 to 2018. The firm’s clients paid over $10 …

investmentfraudlawyers.com

FAQs about State Regulators Fine Edward Jones $17 Million for Mutual Fund ... Coupon?

Why did Edward Jones pay $17 million?

Yet that rule is still costing Edward Jones. On Wednesday, an association of state securities regulators announced that Edward Jones agreed to pay $17 million to settle allegations that it failed to properly supervise investors’ purchases of mutual fund share classes. ...

Why did Edward Jones pay a $725,000 fine?

Without admitting or denying the allegations, Edward Jones paid a $725,000 fine. In a 2006 case, Edward Jones had to pay $250,000 when the state securities regulator in Maine alleged that the company failed to disclose to clients that it earned revenue-sharing payments from the sale of preferred mutual funds. ...

Does Edward Jones have a load fee?

Right off the bat, Edward Jones hits me with a load fee on one of their American Funds offers. Load fees can work in three ways: before, during, or after. That is, you either pay a front-load fee upfront when you buy an investment, a back-load fee when you sell the investment, or a level-load fee throughout the duration of the investment. ...

Did Edward Jones prorate investment advisory fees?

Edward Jones offered to prorate some investment advisory fees for some clients who paid the class-A sales charge during the two years before becoming advisory clients. But that didn’t fully offset what customers had to pay, according to the regulatory order. ...

How much do Edward Jones clients pay?

The state regulators estimate that between 2016 and 2018, Edward Jones brokerage customers who became Guided Solutions clients collectively paid more than $10 million in front-end loads for class-A shares that were retained by Edward Jones and not applied as an offset to investment advisory fees, according to the regulatory order. ...

Did Edward Jones pay a FINRA fine?

One incident in 2017 involved Edward Jones’ supervisory system, which FINRA alleged was inadequate. Without admitting or denying the allegations, Edward Jones paid a $725,000 fine. ...