Violation Tracker Individual Record

Company: 
Edward D. Jones & Co., L.P.
Current Parent Company: 
Jones Financial
Penalty: 
$75,000,000
Year: 
2004
Date: 
December 22, 2004
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Edward D. Jones & Co., L.P., a registered broker-dealer headquartered in St. Louis, Missouri, agreed to pay $75 million to settle allegations that it failed to adequately disclose revenue sharing payments that it received from a select group of mutual fund families that Edward Jones recommended to its customers.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Missouri
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.