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BUSINESS
December 23, 2004 | From Bloomberg News
The Securities and Exchange Commission approved a $75-million settlement with Edward Jones & Co. over allegations that the brokerage failed to tell clients about its hidden marketing deals with mutual funds. Edward Jones will tell the public about future revenue-sharing payments on its website and hire an independent consultant to review those disclosures, the SEC said. The accord resolves claims by the SEC, the NASD and the New York Stock Exchange.
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BUSINESS
June 2, 2006 | Tom Petruno, Times Staff Writer
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.
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BUSINESS
August 9, 2005 | Josh Friedman
A Sacramento County Superior Court judge on Monday tentatively rejected a move by Edward Jones & Co. to scuttle California Atty. Gen. Bill Lockyer's lawsuit against the brokerage over its mutual fund sales practices. The brokerage had contended that the suit was preempted by federal law, but Judge Brian Van Kamp tentatively rejected that argument and scheduled a hearing for today.
BUSINESS
September 30, 2005 | From Bloomberg News
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.
BUSINESS
December 21, 2000 | Reuters
The New York Stock Exchange on Wednesday fined brokerage firm Edward Jones & Co. $200,000 for improperly supervising the sale of about $3 billion worth of long-term certificates of deposit. "In certain instances, the registered representatives did not adequately disclose the features and risks of the investment to customers," the NYSE said.
BUSINESS
May 17, 2005 | Tom Petruno
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.
BUSINESS
February 12, 2005 | From Bloomberg News
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.
BUSINESS
November 28, 1999 | JAMES FLANIGAN
'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.
BUSINESS
June 2, 2006 | Tom Petruno, Times Staff Writer
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.
BUSINESS
August 9, 2005 | Josh Friedman
A Sacramento County Superior Court judge on Monday tentatively rejected a move by Edward Jones & Co. to scuttle California Atty. Gen. Bill Lockyer's lawsuit against the brokerage over its mutual fund sales practices. The brokerage had contended that the suit was preempted by federal law, but Judge Brian Van Kamp tentatively rejected that argument and scheduled a hearing for today.
BUSINESS
May 17, 2005 | Tom Petruno
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.
BUSINESS
February 12, 2005 | From Bloomberg News
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.
BUSINESS
December 23, 2004 | From Bloomberg News
The Securities and Exchange Commission approved a $75-million settlement with Edward Jones & Co. over allegations that the brokerage failed to tell clients about its hidden marketing deals with mutual funds. Edward Jones will tell the public about future revenue-sharing payments on its website and hire an independent consultant to review those disclosures, the SEC said. The accord resolves claims by the SEC, the NASD and the New York Stock Exchange.
BUSINESS
November 28, 1999 | JAMES FLANIGAN
'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.
BUSINESS
August 25, 2007 | From Times Wire Services
A California Court of Appeal panel has reinstated the state's fraud lawsuit against brokerage Edward Jones & Co. The case, filed in 2005, alleged that Jones had failed to properly disclose sales arrangements it had with a few favored mutual fund companies. A Superior Court judge dismissed the suit last year, saying the state was treading on federal regulatory turf. But the Court of Appeal in Sacramento ruled that the judge erred and that California had the right to sue Jones for fraud.
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