NASAA
nasaa.org › 74391 › nasaa-announces-17-million-multi-state-enforcement-settlement-with-edward-jones
NASAA NASAA Announces $17 Million Multi-State Enforcement Settlement with Edward Jones -
January 8, 2025 - The investigation found that Edward Jones charged front-load commissions for investments in Class A mutual fund shares in situations where the customer sold or moved the mutual fund shares sooner than originally anticipated.
Barton LLP
bartonesq.com › home › escaping edward jones
Escaping Edward Jones - Barton LLP
February 14, 2023 - When a Picture Isn’t Worth 1,000 Words: Jones Loses TRO Bid Against Million-Dollar Broker – AdvisorHub (Feb. 10, 2023) Edward Jones’ Bid to Restrain Ameriprise Broker Backfires with $762K Arbitration Loss – AdvisorHub (Nov.
Edward jones is a scam
When we were looking for a financial advisor we spoke with a couple EJ people and they were upfront with their fees (which we found way to high) so we didn't use them. It would have been foolish on our part to accept such a bad agreement but it wasn't a scam. A scam would be if the fees were hidden. More on reddit.com
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December 28, 2024Is Edward jones as bad as they say?
They nickel and dime you: https://www.edwardjones.com/sites/default/files/acquiadam/2022-12/ira-schedule-of-fees.pdf E.g., just to have an IRA with them costs you $75 / year. They also charge you 2% load on dividend reinvestment of a stock. Plus when you try to leave they smack a $100 termination fee on you. To put this into perspective, at one of the “big 3” low cost brokers (Schwab, Fidelity, Vanguard) (and many others), these services are free. And EJ does absolutely nothing to warrant this price differentiation. Plus there are the indirect shitty aspects of EJ, such as pushy salespeople looking for commissions on subpar product, and terrible expense ratios on nearly all funds they offer (last I checked, which was about 6-8 years ago) on their IRA’s. More on reddit.com
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July 10, 2023Edward Jones
I've never heard of Edward Jones until last week when a guy knocked on my door. I did a meeting with him yesterday and I'm shocked that they expect me to put my money in a fund that's expected to make 5% after fees. More on reddit.com
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December 31, 2023How do I leave Edward Jones?
Tell Schwab, they will handle everything on your behalf. They may conference call you into Edward jones while they set up the transfers. You can also just shoot EJ an email to give them a heads up, but ultimately it’s your money and you don’t owe them any more of it. More on reddit.com
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July 21, 2024CA
dfpi.ca.gov › press_release › california-joins-multi-state-17-million-settlement-with-broker-dealer-edward-d-jones
California Joins Multi-State $17 Million Settlement with Broker-Dealer Edward D. Jones - DFPI
February 12, 2025 - The investigation found that Edward Jones charged front-load commissions on investments for some clients who sold or moved their mutual fund shares sooner than originally anticipated.
Nebraska
ndbf.nebraska.gov › about › news-publications › edward-jones-settlement
Edward Jones Settlement | Nebraska Banking and Finance
January 10, 2025 - Jones & Co. following an investigation that found the firm improperly supervised the transfer of certain brokerage account assets into advisory accounts. The NDBF is a member of the North American Securities Administrators Association (NASAA), ...
Wealth Management
wealthmanagement.com › home › regulation & compliance
Edward Jones Will Pay $17M to Settle State Regulators’ Investigation
January 28, 2025 - According to the North American Securities Administrators Association, the investigation spanned four years and included 14 state securities regulators. The investigators looked into how Edward Jones supervised moving customers’ assets from brokerage to advisory accounts following the U.S.
Live 5 News
live5news.com › 2025 › 01 › 14 › sc-joining-17m-settlement-against-edwards-jones-attorney-general-says
SC joining $17M settlement against Edwards Jones, attorney general says
COLUMBIA, S.C. (WCSC) - The state of South Carolina will receive a portion of a $17 million settlement with the investment group Edward Jones after a four-year multi-state investigation.
Published January 14, 2025
Thinkadvisor
thinkadvisor.com › 2025 › 04 › 08 › fired-edward-jones-broker-charged-with-fraud-money-laundering-in-alleged-theft-from-widow
Fired Edward Jones Broker Charged With Fraud, Money Laundering in Alleged Theft From Widow
April 8, 2025 - John Winslow is accused of taking over $920,000 from a client and trading gold coins to conceal it.
Texas State Securities Board
ssb.texas.gov › news-publications › texas-montana-lead-multiple-states-17-million-settlement-edward-jones-supervisory
Texas & Montana Lead Multiple States in $17 Million Settlement with Edward Jones for Supervisory Failures | Texas State Securities Board
January 17, 2025 - The Texas State Securities Board announced today that it has joined a multi-state settlement with Edward D. Jones & Co., L.P. (Edward Jones) which will see Edward Jones pay $17 million in penalties for supervisory failures that affected main street investors.
Investorclaims
investorclaims.com › home › blog › in the news › edward jones settles for $17 million over brokerage-to-advisory account transfers
Edward Jones Settles For $17 Million Over Brokerage-to-Advisory Account Transfers - Investment & Securities Fraud Lawyer
May 20, 2025 - Edward Jones has agreed to pay $17 million to settle a multistate investigation into how it handled the transfer of assets from brokerage to advisory accounts.
Reddit
reddit.com › r/financialplanning › edward jones is a scam
r/FinancialPlanning on Reddit: Edward jones is a scam
December 28, 2024 -
My grandparents have a few hundred thousand invested with the local EJ salesman. I took a look at their portfolio and it showed the management fee took half of the gains on the investment bringing my grandparents return to 3%. What a rip off.
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When we were looking for a financial advisor we spoke with a couple EJ people and they were upfront with their fees (which we found way to high) so we didn't use them. It would have been foolish on our part to accept such a bad agreement but it wasn't a scam. A scam would be if the fees were hidden.
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Not necessarily a scam. I'm not an EJ fan but their jobs to meet the clients risk tolerance which in the case of your grandparents may be minimal. Comparing the type of return you would get say in your 30s to what they are getting in their 70s is apples and oranges. Is it worth the 1 to 1.5 percent for them to have a manged account is only for them to decide. They may not be comfortable doing it on their own.
Delaware State News
news.delaware.gov › home › ag jennings joins $17 million settlement with edward jones
AG Jennings joins $17 million settlement with Edward Jones - State of Delaware News
July 7, 2025 - The Investor Protection Unit of the Delaware Department of Justice has joined a $17 million settlement with Edward D. Jones & Co., L.P. (“Edward Jones”) resulting from a multistate investigation into the broker-dealer’s supervisory failures. Customers paid front-loaded commissions for certain mutual fund shares despite later moving brokerage assets into fee-based investment advisory accounts.
Diamond-consultants
diamond-consultants.com › an-update-for-edward-jones-advisors-whats-driving-movement
An Update for Edward Jones Advisors: What’s Driving Movement? - Diamond Consultants: Financial Advisor Recruiting Firm
August 23, 2023 - For example, following the 2016 “cross-selling scandal,” Wells Fargo advisors moved with near record velocity. Similarly, after a brief honeymoon period with Bank of America in which the legacy Merrill culture remained intact, many Merrill advisors left the Thundering Herd in the late 2010s and early 2020s as the “bankification” of the firm became more and more evident. And the most recent wave, as movement data proves, is among Edward Jones advisors, many of whom were “lifers” prior to making a change.
Wealth Management
wealthmanagement.com › home › regulation & compliance
DOJ Indicts Former Edward Jones Rep For Using Client Funds to Buy Gold Coins
April 8, 2025 - According to SEC records, Edward Jones fired Winslow in December 2021, saying he failed to communicate he received funds from a client and bought gold coins with client funds that weren’t disclosed to the firm.
InvestmentNews
investmentnews.com › independent broker dealers › lpl, edward jones, other brokerages hit with multimillion-dollar settlement over excessive commissions
LPL, Edward Jones, other brokerages hit with multimillion-dollar settlement over excessive commissions - InvestmentNews
June 9, 2025 - Edward Jones, LPL Financial, RBC Capital Markets, Stifel, and TD Ameritrade will collectively pay more than $19 million in restitution to affected customers and up to $9.87 million in fines and costs.
InvestmentNews
investmentnews.com › independent broker dealers › edward jones hit with lawsuit claiming discrimination against white advisors
Edward Jones hit with lawsuit claiming discrimination against white advisors - InvestmentNews
March 14, 2025 - A former Edward Jones financial advisor has filed a lawsuit against the firm, alleging that its diversity and equity policies unfairly disadvantage white financial advisors in terms of compensation, benefits, and career opportunities.
Encompassadvisors
encompassadvisors.com › post › 3-things-edward-jones-sec-fines
3 Things We Learned from the Edward Jones SEC Fines
February 9, 2023 - Recently, a Securities Exchange Commision (SEC) investigation into Edward Jones ended, with the investment firm owing more than $20 million in SEC fines. Unless you were a client of the firm, this news likely disappeared into the void.
New Mexico Regulation & Licensing Department
rld.nm.gov › home › securities division joins $17 million multistate settlement with edward jones
Securities Division joins $17 million multistate settlement with Edward Jones - NM RLD
June 3, 2025 - The investigation found that Edward Jones charged front-load commissions for investments in Class A mutual fund shares in situations where the customer sold or moved the mutual fund shares sooner than originally anticipated.
YouTube
youtube.com › watch
Edward Jones Lawsuits & Settlements: Find Out if Your Retirement Money is at Risk! - YouTube
Edward Jones SCANDALS exposed! Learn how their controversial practices and hidden fees could be draining your retirement savings. We'll dive into their hist...
Published July 27, 2024
Forbes
forbes.com › sites › ericbachman › 2021 › 07 › 26 › edward-jones--co-financial-advisors-reach-34-million-settlement-in-discrimination-case
Edward Jones & Co. Financial Advisors Reach $34 Million Settlement In Discrimination Case
July 27, 2021 - The lawsuit, which was first filed in 2018, alleged “systemic, intentional race discrimination” within the company, leading to the underrepresentation of Black financial advisors as well as lower pay than their counterparts.
AdvisorHub
advisorhub.com › home › news › finra bars ex-edward jones broker fired for reimbursing clients for losses
Finra Bars Ex-Edward Jones Broker Fired for Reimbursing Clients for Losses - AdvisorHub
March 7, 2025 - An Edward Jones lifer who spent 22 years at the firm before being fired in October has accepted an industry bar rather than cooperate with an investigation into whether he had reimbursed customers for losses in their accounts, according to a ...