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