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Edward Jones to Pay $75 Million to Settle Revenue Sharing Charges
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For Immediate Release
2004-177
Washington, D.C., Dec. 22, 2004 -The Securities and Exchange Commission, NASD and the New York Stock Exchange announced settled enforcement proceedings against Edward D. Jones & Co., L.P., a registered broker-dealer headquartered in St. Louis, Missouri, related to allegations that Edward Jones 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.
Read full press release
Hearing Panel Decision (pdf)
| 04-194 Edward D. Jones & Co., L.P. |
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