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Violation Tracker Individual Record

Company: Edward D. Jones & Co., L.P.
Current Parent Company: Jones Financial
Penalty: $3,175,000
Year: 2019
Date: April 22, 2019
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Edward D. Jones agreed to pay $3.175 million to settle a lawsuit alleging it engaged in self-dealing in the administration of its 401(k) plan.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Missouri
Civil or Criminal Case: civil
Case ID: 4:16-cv-1346
Case Name: Schultz et al v. Edward D. Jones & Co., L.P. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Missouri
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.