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 …

$17
OFF

NASAA Announces $17 Million Multi-State Enforcement …

2 weeks from now

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

$17
OFF

Edward Jones Faces $17M Settlement After Serious Oversight …

2 weeks from now

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 ...

msn.com

$17
OFF

State Regulators Strike $17M Settlement With Edward Jones

2 weeks from now

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

$17
OFF

Edward Jones To Pay US$17 Million In NASAA Settlement

2 weeks from now

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

$17
OFF

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

2 weeks from now

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

$17
OFF

Edward Jones Settlement | Nebraska Banking And Finance

2 weeks from now

5 days ago · Nebraska Is Part of $17M Enforcement Settlement With Edward Jones LINCOLN, Neb. ... led by a working group of 14 state securities regulators, examined Edward Jones’ …

nebraska.gov

$17
OFF

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

2 weeks from now

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

$17
OFF

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

2 weeks from now

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

$17
OFF

Nebraska Is Part Of $17M Enforcement Settlement With …

2 weeks from now

The four-year investigation, led by a working group of 14 state securities regulators, examined Edward Jones’ supervision of customers moving from brokerage to advisory accounts in light …

nebraska.gov

$17
OFF

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

2 weeks from now

6 days ago · After a four-year investigation, regulators have reached a $17 million settlement with financial services firm Edward Jones & Co. resulting from an investigation into the broker …

benefitspro.com

$17
OFF

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

2 weeks from now

6 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

$17
OFF

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

2 weeks from now

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

$17
OFF

Washington DFI Joins $17 Million Multi-State Enforcement …

2 weeks from now

5 days ago · A working group of 14 state securities regulators led the four-year investigation. The group looked into Edward Jones’s supervision of customers moving from brokerage to …

wa.gov

$17
OFF

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

2 weeks from now

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

$17
OFF

State Regulators Strike $17M Settlement With Edward Jones

2 weeks from now

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

$17
OFF

SC Joining $17M Settlement Against Edwards Jones, Attorney …

2 weeks from now

Fourteen state securities regulators investigated Edward D. Jones & Company, L.P.‘s supervision of customers moving from brokerage to advisory accounts following the 2016 U.S. Department …

msn.com

$17
OFF

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

2 weeks from now

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

$17
OFF

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

2 weeks from now

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

$17
OFF

Oregon Regulators Reach $17 Million Settlement With Edward …

2 weeks from now

4 days ago · Oregon financial regulators have recently participated in a $17 million settlement with the prominent brokerage firm Edward D. Jones & Co. L.P. (Edward Jones), addressing issues …

hoodline.com

$17
OFF

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

2 weeks from now

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 …

vermontbiz.com

$17
OFF

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

2 weeks from now

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

$17
OFF

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

2 weeks from now

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

$17
OFF

TDCI JOINS $17M MULTI-STATE ENFORCEMENT SETTLEMENT …

2 weeks from now

2 hours 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 …

3bmedianews.com

FAQs about 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 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 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. ...

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 does Obama era fiduciary rule cost Edward Jones?

Obama-Era Fiduciary Rule Costs Edward Jones $17 Million. Here’s Why. Obama-Era Fiduciary Rule Costs Edward Jones $17 Million. Here’s Why. It has been nearly seven years since a federal appeals court dealt a death blow to the Obama administration’s fiduciary rule governing advice on retirement accounts. Yet that rule is still costing Edward Jones. ...