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 »