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Violation Tracker Individual Record

Company: Edward D. Jones & Co., L.P.
Current Parent Company: Jones Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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 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)
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.