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Edward Jones

Edward Jones is accused of taking payments from seven mutual fund families in return for recommending the mutual funds to clients since the mid 1990s. The mutual fund families are known as "Preferred Families," and include American Funds, Federated Investments, Goldman Sachs Funds, Hartford, Lord Abbett, Putnam Funds and Van Kampen Investments. Edward Jones stood to gain tens of millions of dollars in additional revenues annually by recommending funds in these families. Clients of Edward Jones were not made aware of the company's added financial incentive for recommending these funds. The Securities and Exchange Commission (SEC) issued an order stating Edward Jones violated several federal securities laws. In 2004, Edward Jones paid a settlements totaling $75 million in connection with these violations.

Fast Facts

Issue name: Edward Jones
Applicable law/agency: Securities and Exchange Commission (SEC), National Association of Securities Dealers (NASD)
Related topics: Securities, overconcentration/failure to diversify, misrepresentation/omissions
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SEC Issues Order Regarding Edward Jones Seven Preferred Families

From the mid 1990s until the present, Edward Jones has had selling agreements with more than 240 different mutual fund families. Seven of those mutual fund families, known as Edward Jones's... read more

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Jury Verdicts Related to Edward Jones

______ VERDICT - MEDICAL MALPRACTICE - ALLEGED FAILURE TO DIAGNOSE EXISTENCE OF SENTINEL LEAK - FAILURE TO TAKE ADEQUATE MEDICAL HISTORY - INADEQUATE PHYSICAL EXAMINATION - RUPTURED CEREBRAL ANEURYSM - WRONGFUL DEATH OF 45-YEAR-OLD.

______ VERDICT - MEDICAL MALPRACTICE - ALLEGED FAILURE TO DIAGNOSE VIRAL CONDITION LEADING TO THE DEATH OF THE DECEDENT.

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Legal Encyclopedia Entries Related to Edward Jones

Evidence

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MSN Newsfeeds Related to Edward Jones

Past, future combine

Exxon Mobil earnings rise to a record $40.6 billion

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News Articles Related to Edward Jones

Bladen Journal > News > It's tax day

Costly Tax Mistakes, Midnight Mail Collections - News - nbc4i.com -

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Useful Web Sites Related to Edward Jones

Anapol Schwartz, Securities Fraud Attorneys

Burg Simpson, Securities Attorneys

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Books Related to Edward Jones

Air Babylon

Hotel Babylon

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