The Financial Industry Regulatory Authority (FINRA) has fined, and suspended John O'Bannon after Bannon attempted to settle with a client without Edward Jones' knowledge.
Tagged with "Edward Jones"
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A DIY Settlement Attempt with Client Results in Former Edward Jones Advisor's Suspension
Posted on March 30th, 2021 at 11:14 AM
Edward Jones Agrees to Settle Racial Discrimination Suit for $34 Million
Posted on March 29th, 2021 at 9:39 AM
Edward Jones has agreed to pay $34 million to settle a racial discrimination class action suit filed in 2018 on behalf of both current and former Black financial advisors.
Edward Jones Announces Pay Freeze
Posted on April 16th, 2020 at 3:24 PM
Edward Jones announced that it is freezing wages and suspending overtime pay for one year. The decision, which the firm described as a proactive and preventative measure, comes in response to the issues that have arisen as a result of the COVID-19 pandemic.
FINRA Arbitration Panel Dismissed TRO Against Former Edward Jones Broker
Posted on December 12th, 2019 at 2:13 PM
The Financial Industry Regulatory Authority (“FINRA”) arbitration panel recently dismissed a temporary restraining order (“TRO”) against a former Edward Jones broker who initially agreed to the TRO prohibiting him from telling customers about his move to Ameriprise.
Court Denies Edward Jones's Restraining Order Against Former Broker
Posted on November 21st, 2019 at 1:49 PM
An Indianapolis federal court has denied a motion by Edward Jones for a temporary restraining order ("TRO") against a former broker who joined a competing firm.
Will Edward Jones Follow The Precedent of State Farm In Directing Its Financial Advisors To Relinquish Their CFP Credentials?
Posted on June 4th, 2019 at 1:44 PM
Edward Jones is concerned. In an SEC filing earlier this year, it warned that fiduciary rule enactments by individual states “may have an adverse effect on the partnership’s financial condition, results of operations and liquidity.” Likewise, last year Edward Jones (and seven other brokerages) asked the CFP Board to delay its new fiduciary rules, urging that the SEC’s Reg BI instead should govern so as to avoid conflicts in the two rules.
Edward Jones Files Temporary Restraining Order Against Terminated Nebraska Financial Advisor
Posted on April 30th, 2019 at 4:50 PM
Edward D. Jones & Co. has filed a temporary restraining order (TRO) in the U.S. District Court in Omaha to prevent a Nebraska financial advisor from communicating with clients whose account and contact information he allegedly printed out a day before he was terminated by the firm.
Whose clients are they? Edward Jones sues $150M Ameriprise advisors
Posted on November 14th, 2018 at 5:10 PM
Edward Jones is suing two advisors who moved to Ameriprise for allegedly violating non-solicitation agreements, making this the latest case of a brokerage firm taking its former employees to court over client contacts.
Edward Jones Files Temporary Restraining Order Against a Terminated Financial Advisor
Posted on September 26th, 2018 at 3:38 PM
Edward Jones has filed a temporary restraining order against a recently terminated financial advisor from San Carlos, California for allegedly taking trade secrets and client information with him after he left the firm in violation of firm policy.
Former Pennsylvania Advisor Sentenced to Prison for Running a $1.2 million Ponzi Scheme
Posted on November 3rd, 2017 at 3:26 PM
Former Edward Jones financial advisor, Bernard Parker was sentenced to 87 months in federal prison for running a six-year $1.2 million Ponzi scheme.
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