Edward Jones, Stifel Financial Corp’s Stifel Nicolaus & Co, Janney Montgomery Scott LLC, AXA SA’s AXA Advisors LLC and Stephens Inc—Failure to Waive Sales Charges

Edward Jones, Stifel Financial Corp’s Stifel Nicolaus & Co, Janney Montgomery Scott LLC, AXA SA’s AXA Advisors LLC and Stephens Inc Allegedly Failed to Waive Mutual Fund Sales Charges on Over 25,000 Charitable and Retiree Accounts Edward Jones, Stifel Financial Corp’s Stifel Nicolaus & Co, Janney Montgomery Scott LLC, AXA SA’s AXA Advisors LLC and… Read more »

Improper Mutual Fund Fees Lead to Reimbursement Order Against Brokerage Firms

Edward Jones, Stifel Nicolaus & Co, Janney Montgomery Scott, Axa Advisors, and Stephens Inc., Ordered to Reimburse Clients for Allegedly Improper Mutual Fund Fee Charges Five broker-dealers were ordered to reimburse clients a total of $18.4 million, of allegedly improper mutual fund fee charges, according to Financial Industry Regulatory Authority (“FINRA”) documents under review by Peiffer… Read more »

Edward Jones—Overcharging Muni Bond Retail Customers Allegations

Edward Jones Allegedly Overcharged Retail Customers Regarding New Municipal Bonds Sales Edward Jones, based in St. Louis, allegedly overcharged retail customers while underwriting the sales of municipal bonds, according to recent Documents from the SEC. The SEC goes on to note that this is its first case against an underwriter for alleged pricing-related fraud in… Read more »

Richard Christensen Fined and Suspended After Allegedly Participating in Private Securities Transactions

investment fraud attorney Cleveland

Richard Andrew Christensen, Jr., formerly associated with Edward D. Jones & Co., L.P., was fined and suspended by the Financial Industry Regulatory Authority (“FINRA”) in connection with allegations that Christensen participated in private securities transactions without providing prior written notice or obtaining approval of his participation in such transactions from Edward Jones. The Peiffer Wolf… Read more »