Violation Tracker Individual Record

Company: 
Edward D. Jones & Co. L.P.
Current Parent Company: 
Jones Financial
Penalty: 
$1,500,000
Year: 
2005
Date: 
August 5, 2005
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

Edward D. Jones & Co., L.P. agreed to pay a $650,000 civil penalty and $850,000 to education funds 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: 
state
Action Type: 
agency action
Agency: 
Missouri Secretary of State-Securities
Civil or Criminal Case: 
civil
Facility State: 
Missouri
Facility City: 
St. Louis
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.