{"id":4405,"date":"2007-05-03T17:42:59","date_gmt":"2007-05-03T22:42:59","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/05\/urgent_update_edward_jones_offers_to_settle_all_claims_known_and_unknown_for_1800_per_client_and_former_client_unless_action_is_taken_before_june_11_"},"modified":"2021-03-17T20:43:30","modified_gmt":"2021-03-18T01:43:30","slug":"urgent-update-edward-jones-offers","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/urgent-update-edward-jones-offers\/","title":{"rendered":"URGENT UPDATE: Edward Jones Seeks to Settle All Claims “Known and Unknown” for $18.00 per Current and Former Client Unless They Take Action Before June 11"},"content":{"rendered":"

\t\t\t\tAs earlier reported, the securities firm of Edward Jones was ordered by the SEC to pay a total of $79 million to its clients and former clients. According to the SEC, the company failed to disclose kickbacks the firm received from various mutual fund companies, known as the “Preferred Fund Families.” The Preferred Families mutual funds are: American Funds; Federated Investors; Goldman Sachs Group; Hartford Mutual Funds; Lord Abbott Funds; Putnam Investments; and Van Kampen Investments. <\/p>\n

Now, Edward Jones may be attempting to settle all potential civil claims against it “KNOWN OR UNKNOWN”, by its current or former clients FOR $18.00 PER CLIENT! The proposed settlement is as a result of a class action suit brought against the firm on behalf of millions of its current and former clients in the firm’s hometown of St. Louis, Missouri. <\/p>\n

Language in the proposed settlement indicates the Edward Jones firm may be seeking to exempt itself from ANY AND ALL CLAIMS which could have been asserted by over 5 million of its current and former clients. Although, none of these clients would have actually signed such an agreement themself, any pending or future lawsuit, arbitration action or other legal claim could potentially be prejudiced by the final language in the settlement agreement. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

As earlier reported, the securities firm of Edward Jones was ordered by the SEC to pay a total of $79 million to its clients and former clients. According to the SEC, the company failed to disclose kickbacks the firm received from various mutual fund companies, known as the “Preferred Fund Families.” The Preferred Families mutual […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3804,3805],"tags":[],"class_list":["post-4405","post","type-post","status-publish","format-standard","hentry","category-class-action-lawsuits","category-edward-d-jones"],"yoast_head":"\nURGENT UPDATE: Edward Jones Seeks to Settle All Claims "Known and Unknown" for $18.00 per Current and Former Client Unless They Take Action Before June 11 — Investor Lawyers Blog — May 3, 2007<\/title>\n<meta name=\"description\" content=\"As earlier reported, the securities firm of Edward Jones was ordered by the SEC to pay a total of $79 million to its clients and former clients. 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