Edward D. Jones & Co.—Failure to Implement Adequate Supervisory Systems

investment fraud attorney ClevelandEdward D. Jones & Co. Allegedly Failed to Reasonably Supervise and Implement Adequate Supervisory Systems

Edward D. Jones & Co. allegedly failed to reasonably supervise and to implement an adequate supervisory system, according to a recent FINRA Letter of Acceptance, Waiver, and Consent (AWC) currently under review by attorney Alan Rosca and Joe Peiffer.

Edward D. Jones & Co. also allegedly failed to address short positions in tax-exempt municipal bonds that resulted primarily from trading errors, the AWC also notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Edward D. Jones & Co.’s alleged failure to implement reasonable adequate supervisory systems.

Edward D. Jones & Co. Allegedly Misrepresented to Municipal Bond Customers that at least $129,624.06 in interest was Tax Exempt; Censured and Fined $200,000 by FINRA

Edward D. Jones & Co. allegedly misrepresented to its municipal bond customers that at least $129,624.06 in interest that the Firm paid to said customers was tax exempt, according to a recent FINRA AWC currently under review by attorney Alan Rosca and Joe Peiffer.

What is more, Edward D. Jones & Co. has since provided amended Form 1099s to customers affected by the misreported interest, and agreed to reimburse such customers for the cost of assessing the need to amend any tax returns, the expense of making any tax filing, as well as any tax liabilities incurred, the AWC notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged failures to implement adequate supervisory systems, and they are currently investigating Edward D. Jones & Co.’s alleged failure to implement adequate supervisory systems. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Edward D. Jones & Co.’s alleged failure to implement adequate supervisory systems may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1144 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.