September 30, 2005 |
Brokerage Edward Jones & Co. was fined $300,000 by NASD for failing to disclose yields to clients who sold municipal bonds. The firm didn't provide the information in more than 86,000 trades worth more than $1.6 billion from January 2003 to April 2004, said NASD, the self-regulatory group formerly known as the National Assn. of Securities Dealers. The lack of disclosure "deprived these selling customers of critical information," NASD enforcement chief Barry Goldsmith said Thursday. St.
May 17, 2005 |
A federal judge has ruled in favor of state Atty. Gen. Bill Lockyer in his fraud suit against brokerage Edward Jones & Co., ordering that the case be tried in state, rather than federal, court. U.S. District Judge Garland E. Burrell Jr. in Sacramento on Friday remanded Lockyer's case back to state Superior Court in the capital, where the suit was filed in December. Jones had sought to have the case shifted to federal court.
February 12, 2005 |
Edward Jones & Co., a brokerage firm with more than 8,500 branches in the U.S., said Friday that it was withdrawing from a business coalition lobbying for private Social Security accounts. The decision to leave the Alliance for Worker Retirement Security followed protests by members of the AFL-CIO outside Edward Jones headquarters in St. Louis and an office in Lincoln, Neb., on Tuesday.
November 28, 1999 |
'Investors don't want to sit in front of their computers all day," says John W. Bachmann, managing partner of Edward Jones & Co., the St. Louis-based brokerage firm.
June 2, 2006 |
A state judge has thrown out California's fraud lawsuit against brokerage firm Edward Jones & Co., in another defeat for Atty. Gen. Bill Lockyer's attempt to assert authority over mutual fund sales practices. Superior Court Judge Loren McMaster in Sacramento dismissed Lockyer's 17-month-old suit against St. Louis-based Jones last week, ruling that California's case conflicts with a federal law that gives U.S. regulators sole authority to set securities-industry disclosure rules.