{"id":4501,"date":"2007-07-19T06:14:05","date_gmt":"2007-07-19T06:14:05","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/07\/edward_jones_must_pay_75_milli"},"modified":"2021-09-20T15:41:42","modified_gmt":"2021-09-20T20:41:42","slug":"edward-jones-must-pay-75-milli","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/edward-jones-must-pay-75-milli\/","title":{"rendered":"Edward Jones Must Pay $75 Million For Failing to Disclose Mutual Fund Incentives"},"content":{"rendered":"

\t\t\t\tEdward D. Jones & Co. will pay $75 million to settle charges by the Securities and Exchange Commission that it failed to adequately disclose financial incentives to sell mutual funds from its Preferred Families of mutual funds.<\/p>\n

The SEC also said that Edward Jones did not make adequate disclosures on its website about its revenue sharing, its directed brokerage payments and other payments for distribution of mutual fund shares. The firm was also accused of failing to disclose information about college savings (or “529”) plans it sold.<\/p>\n

Edward Jones agreed to pay $37.5 million in civil penalties, as well as $37.5 million in disgorgement, and to alter its website disclosures about the preferred mutual fund family program and the college savings plan, but neither admitted or denied the claims against it.<\/p>\n

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

Edward D. Jones & Co. will pay $75 million to settle charges by the Securities and Exchange Commission that it failed to adequately disclose financial incentives to sell mutual funds from its Preferred Families of mutual funds. The SEC also said that Edward Jones did not make adequate disclosures on its website about its revenue […]<\/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":[3805,3799,3760],"tags":[],"class_list":["post-4501","post","type-post","status-publish","format-standard","hentry","category-edward-d-jones","category-mutual-funds","category-sec-enforcement"],"yoast_head":"\nEdward Jones Pays $75 Million Over Failure To Disclose Mutual Fund Incentives — Investor Lawyers Blog<\/title>\n<meta name=\"description\" content=\"Edward Jones & Co. to pay $75 million to settle charges by the SEC that it failed to adequately disclose financial incentives to sell mutual funds.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/edward-jones-must-pay-75-milli\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Edward Jones Pays $75 Million Over Failure To Disclose Mutual Fund Incentives — Investor Lawyers Blog\" \/>\n<meta name=\"twitter:description\" content=\"Edward Jones & Co. to pay $75 million to settle charges by the SEC that it failed to adequately disclose financial incentives to sell mutual funds.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Edward Jones Pays $75 Million Over Failure To Disclose Mutual Fund Incentives — Investor Lawyers Blog","description":"Edward Jones & Co. to pay $75 million to settle charges by the SEC that it failed to adequately disclose financial incentives to sell mutual funds.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/edward-jones-must-pay-75-milli\/","twitter_card":"summary_large_image","twitter_title":"Edward Jones Pays $75 Million Over Failure To Disclose Mutual Fund Incentives — Investor Lawyers Blog","twitter_description":"Edward Jones & Co. to pay $75 million to settle charges by the SEC that it failed to adequately disclose financial incentives to sell mutual funds.","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/edward-jones-must-pay-75-milli\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/edward-jones-must-pay-75-milli\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Edward Jones Must Pay $75 Million For Failing to Disclose Mutual Fund Incentives","datePublished":"2007-07-19T06:14:05+00:00","dateModified":"2021-09-20T20:41:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/edward-jones-must-pay-75-milli\/"},"wordCount":198,"articleSection":["Edward D. 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