NASAA NASAA Announces $17 Million Multi-State Enforcement …

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 Administrators Association (NASAA) has announced a $17 million settlement with Edward D. …

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NASAA NASAA Announces $17 Million Multi-State Enforcement …

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

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1 day ago · (COLUMBIA, S.C.) – Attorney General Alan Wilson announced today that the Securities Division of the Attorney General’s Office (the “Securities Division”), a member of the …

scag.gov

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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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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 …

advisorhub.com

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

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5 days ago · The settlement is the result of a four-year investigation led by 14 state regulators that “found gaps in Edward Jones’s supervisory procedures,” according to NASAA’s announcement.

fa-mag.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 ... In deciding the settlement amounts, NASAA considered whether the investment advisory accounts’ …

wealthmanagement.com

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Oregon Joins $17 Million Multistate Enforcement Settlement With …

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Multistate working group finds supervisory failures with respect to Class A mutual fund shares. The Oregon Division of Financial Regulation (DFR), a member of the North American …

oregon.gov

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State Regulators Strike $17M Settlement With Edward Jones

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6 days ago · Edward Jones, which has more than 20,000 advisors in the U.S. and Canada, agreed to pay administrative fines of roughly $320,000 to each of the 50 states, as well as the …

financial-planning.com

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Iowa Insurance Division Joins $17 Million Multi-State Enforcement ...

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6 days ago · Des Moines, Iowa – The Iowa Insurance Division, a member of the North American Securities Administrators Association (NASAA), has joined a $17 million settlement with …

iowa.gov

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

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6 days ago · NASHVILLE – The Tennessee Department of Commerce & Insurance (TDCI), a member of the North American Securities Administrators Association (NASAA), has joined a …

tn.gov

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DFR Joins $17 Million NASAA Multi-state Settlement Against …

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4 days ago · The states found gaps in Edward Jones’s supervisory procedures in this respect. As part of the settlement, Edward Jones will pay each of the 50 states, Washington, D.C., the …

vermontbiz.com

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Edward Jones Faces $17M Settlement After Serious Oversight …

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Financial Penalties: Edward Jones will pay approximately $320,000 to each of the 50 states, Washington D.C., the U.S. Virgin Islands, and Puerto Rico. Wisconsin will receive an …

msn.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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TDCI Joins $17 Million Multi-State Enforcement Settlement With …

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5 days ago · NASHVILLE, TN – The Tennessee Department of Commerce & Insurance (TDCI), a member of the North American Securities Administrators Association (NASAA), has joined a …

knoxvilledailysun.com

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

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6 days ago · MADISON, Wis. — The Wisconsin Department of Financial Institutions (DFI), a member of the North American Securities Administrators Association (NASAA), today …

wispolitics.com

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

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The settlement is the result of a four-year investigation led by 14 state regulators that “found gaps in Edward Jones’s supervisory procedures,” according to NASAA’s announcement. While ...

fa-mag.com

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

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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, according to Nasaa.

msn.com

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North Dakota Joins $17 Million Settlement With Edward Jones

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1 day ago · 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 Rico as a part of the settlement.

minotdailynews.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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Iowa Insurance Division Joins $17M Settlement With Edward Jones

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1 day ago · The Iowa Insurance Division, a member of the North American Securities Administrators Association (NASAA), announced last week it has joined a $17 million …

insurancejournal.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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Nebraska Joins $17 Million Settlement With Edward Jones - KLKN-TV

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4 days ago · Nebraska joins $17 million settlement with Edward Jones. January 10, 2025 5:26 pm. Mark Fischer, ... As part of the settlement, the firm will pay each of the 50 states, the …

klkntv.com

FAQs about NASAA NASAA Announces $17 Million Multi-State Enforcement … Coupon?

Why did Edward Jones settle a $17 million settlement?

MADISON, WI— Brokerage firm Edward Jones has agreed to a $17 million settlement following a four-year investigation by state securities regulators, including the Wisconsin Department of Financial Institutions (DFI). ...

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. ...

Did Edward Jones charge upfront fees for long-term investments?

A press release from the DFI detailed the case and the settlement. According to InvestmentNews, the problem is that Edward Jones charged clients upfront fees for long-term investments, then moved their assets into fee-based accounts early, causing them to pay unnecessary, overlapping fees. ...

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 supervise a Class A mutual fund?

The investigation revealed that Edward Jones did not adequately supervise situations where customers paid upfront commissions for Class A mutual fund shares and later moved these investments into fee-based advisory accounts. A press release from the DFI detailed the case and the settlement. ...

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. ...