Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Edward D. Jones & Co.
Current Parent Company: Jones Financial
Penalty: $58,000,000
Year: 2021
Date: July 15, 2021
Offense Group: employment-related offenses
Primary Offense: employment discrimination
Secondary Offense: racial discrimination
Mega-Scandal: Employment Discrimination
Violation Description: Edward D. Jones & Co. agreed to provide $34 million in compensation and forgiveness of $24 million in training costs paid by current and former African-American financial advisers who alleged they were given less-profitable assignments and excluded from professional development opportunities because of their race.
Level of Government: federal
Action Type: private litigation
Court: Northern District of Illinois
Civil or Criminal Case: civil
Case ID: 1:18cv3673
Case Name: Bland 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)
Link to Archived Court Document:  subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.