Tagged with "Edward Jones"

FINRA Arbitration Panel Dismissed TRO Against Former Edward Jones Broker

Posted on December 12th, 2019 at 2:13 PM
FINRA Arbitration Panel Dismissed TRO Against Former Edward Jones Broker

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.

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Court Denies Edward Jones's Restraining Order Against Former Broker

Posted on November 21st, 2019 at 1:49 PM
Court Denies Edward Jones's Restraining Order Against Former Broker

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.

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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
Will Edward Jones Follow The Precedent of State Farm In Directing Its Financial Advisors To Relinquish Their CFP Credentials?

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.

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Edward Jones Files Temporary Restraining Order Against Terminated Nebraska Financial Advisor

Posted on April 30th, 2019 at 4:50 PM
Edward Jones Files Temporary Restraining Order Against Terminated Nebraska Financial Advisor

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.

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Whose clients are they? Edward Jones sues $150M Ameriprise advisors

Posted on November 14th, 2018 at 5:10 PM
Whose clients are they? Edward Jones sues $150M Ameriprise advisors

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.

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Edward Jones Files Temporary Restraining Order Against a Terminated Financial Advisor

Posted on September 26th, 2018 at 3:38 PM
Edward Jones Files Temporary Restraining Order Against a Terminated Financial Advisor

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.

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Former Pennsylvania Advisor Sentenced to Prison for Running a $1.2 million Ponzi Scheme

Posted on November 3rd, 2017 at 3:26 PM
Former Pennsylvania Advisor Sentenced to Prison for Running a $1.2 million Ponzi Scheme

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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2015 Representative Movement

Posted on October 13th, 2016 at 9:03 AM
2015 Representative Movement

In 2015, wirehouse firms such as UBS Financial, Merrill Lynch, Wells Fargo Advisors and Morgan Stanley, incurred a net loss of 312 reps.

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Another Five Firms Ordered to Pay $18M for Mutual Fund Overcharges

Posted on November 4th, 2015 at 1:56 PM
Another Five Firms Ordered to Pay $18M for Mutual Fund Overcharges

The Financial Industry Regulatory Authority (FINRA) continues to fine broker dealers for charging improper fees for mutual funds. The recent firms are Edward Jones, Stifel Nicolaus & Co., Janney Montgomery, AXA Advisors, and Stephens Inc. They were fined a cumulative total of $18.4 million according to FINRA’s most recent announcement.

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