January 15, 2004 |
Investment bank and brokerage A.G. Edwards Inc. said Wednesday that federal, state and industry regulators were seeking information relating to its mutual fund transactions. The company said it had received information requests from the Securities and Exchange Commission and the National Assn. of Securities Dealers, a securities industry regulator, relating to market-timing and late-trading issues. The SEC also has examined some company branch offices, St. Louis, Mo.-based A.G.
December 16, 1998 |
Other earnings, excluding one-time gains and charges, unless noted: * General Mills Inc., maker of Cheerios and other popular cereals, said its profit rose 6.8% in the fiscal second quarter to $175.9 million, or $1.12 a share, a penny higher than forecasts, as it cut costs and boosted cereal sales. Revenue rose 2.4% to $1.68 billion at the company, whose other products include Betty Crocker baking mixes and Pop Secret popcorn. U.S.
April 18, 2006 |
A.G. Edwards Inc. was ordered by an NASD arbitration panel to pay a widow $339,974 for failing to properly supervise a broker who made risky investments with her savings in 1999. The regulatory body, which oversees broker conduct, said arbitrators awarded $142,839 in compensatory damages, $100,000 in punitive damages and $97,135 in legal fees to Delores White of Indio on April 13. A.G.
October 12, 2005 |
Brokerage firm A.G. Edwards Inc. said Tuesday that it faced possible disciplinary action by the U.S. Securities and Exchange Commission and the New York Stock Exchange. In its quarterly report filed with the SEC, St. Louis-based A.G. Edwards said SEC staff intends to recommend that the agency bring a civil injunctive action over mutual fund transactions occurring before October 2003 and involving alleged "market timing." A.G.
February 23, 1988 |
The New York Stock Exchange said Monday that it would reassign the stock of E. F. Hutton Group Inc., A. G. Edwards Inc. and Neiman-Marcus Group Inc., amid questions about the behavior of the market makers in those shares during the October crash. The NYSE said it had been reviewing the performance on Oct. 20 of LaBranche & Co., a specialist in the stocks of Edwards and Hutton, which is soon to be merged with Shearson Lehman Bros. Holding Inc. and taken off the Big Board.
May 10, 2005 |
A.G. Edwards Inc. revealed in a regulatory filing Monday that it might face disciplining by the NASD over the brokerage firm's questioned sale of mutual funds. The St. Louis-based financial services holding company said in its annual report that the NASD had advised it had preliminarily determined to recommend action over the sale of mutual fund Class B and C shares, citing "the grounds for recommending such sales, suitability violations and the company's supervisory procedures."