Assets under management Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Private Funds
Private funds reported by Edward Jones
Employee Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.
Ownership
Reported direct and indirect ownership ranges
Reported ownership ranges
Highlighted bands show the percentage range reported in Form ADV.
Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Edward Jones.
Reported ownership and control details
Form ADV · Filing date 2026-09-25 · Schedules A and B
| # | Owner / person & role | Interest in entity | Reported interest | Control person | Title / status acquired | Source |
|---|---|---|---|---|---|---|
| 1 | EDJ HOLDING COMPANY, INC.GENERAL PARTNERDomestic entity | EDWARD JONES | Less than 5%Code NA | Yes | GENERAL PARTNER08/1987 | Schedule APDF page 46 |
| 2 | THE JONES FINANCIAL COMPANIES, L.L.L.P.LIMITED PARTNERDomestic entity | EDWARD JONES | 75% or moreCode E | Yes | LIMITED PARTNER08/1987 | Schedule APDF page 46 |
| 3 | PENELOPE PENNINGTONCHIEF EXECUTIVE OFFICERIndividual | EDWARD JONES | Less than 5%Code NA | Yes | CHIEF EXECUTIVE OFFICER01/2019 | Schedule APDF page 46 |
| 4 | ANDREW TIMOTHY MIEDLERCHIEF FINANCIAL OFFICERIndividual | EDWARD JONES | Less than 5%Code NA | Yes | CHIEF FINANCIAL OFFICER11/2021 | Schedule APDF page 46 |
| 5 | DAVID CHUBAKHEAD OF WEALTH MANAGEMENT & FIELD MANAGEMENTIndividual | EDWARD JONES | Less than 5%Code NA | Yes | HEAD OF WEALTH MANAGEMENT & FIELD MANAGEMENT09/2022 | Schedule APDF page 46 |
| 6 | KEIR DEVON GUMBSCHIEF LEGAL OFFICERIndividual | EDWARD JONES | Less than 5%Code NA | Yes | CHIEF LEGAL OFFICER11/2023 | Schedule APDF page 46 |
| 7 | TODD JUDSON PURDYHEAD OF OPERATIONSIndividual | EDWARD JONES | Less than 5%Code NA | Yes | HEAD OF OPERATIONS01/2024 | Schedule APDF page 46 |
| 8 | JENNIFER A GREGOCHIEF COMPLIANCE OFFICER - BROKER/DEALERIndividual | EDWARD JONES | Less than 5%Code NA | Yes | CHIEF COMPLIANCE OFFICER - BROKER/DEALER09/2025 | Schedule APDF page 46 |
| 9 | KRISTIN MICHELE JOHNSONCHIEF OPERATING OFFICERIndividual | EDWARD JONES | Less than 5%Code NA | Yes | CHIEF OPERATING OFFICER06/2025 | Schedule APDF page 46 |
| 10 | DAVID ALEXANDER GUNNHEAD OF U.S. BUSINESS UNITIndividual | EDWARD JONES | Less than 5%Code NA | Yes | HEAD OF U.S. BUSINESS UNIT06/2025 | Schedule APDF page 46 |
| 11 | ELIZABETH E O'HANLONCHIEF COMPLIANCE OFFICER - INVESTMENT ADVISORIndividual | EDWARD JONES | Less than 5%Code NA | No | CHIEF COMPLIANCE OFFICER - INVESTMENT ADVISOR09/2025 | Schedule APDF page 46 |
| 12 | JOSEPH LAWRENCE KLOCKECO-HEAD OF SUPERVISIONIndividual | EDWARD JONES | Less than 5%Code NA | No | CO-HEAD OF SUPERVISION06/2025 | Schedule APDF page 46 |
| 13 | CASEY JOHN WHALLEYCO-HEAD OF SUPERVISIONIndividual | EDWARD JONES | Less than 5%Code NA | No | CO-HEAD OF SUPERVISION06/2025 | Schedule APDF page 46 |
| 14 | THE JONES FINANCIAL COMPANIES, L.L.L.P.SOLE SHAREHOLDERDomestic entity | JFC HOLDING COMPANY, INC. | 75% or moreCode E | Yes | SOLE SHAREHOLDER11/2020 | Schedule BPDF page 47 |
| 15 | JFC HOLDING COMPANY, INC.SOLE SHAREHOLDERDomestic entity | EDJ HOLDING COMPANY, INC. | 75% or moreCode E | Yes | SOLE SHAREHOLDER11/2020 | Schedule BPDF page 47 |
Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.
Compliance & Disclosures
Filing dated 9/25/2026 3:39:11 PM
Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.
AFelonies1 Yes1 No
In the past ten years, have you or any advisory affiliate:
- A1Been convicted of or pleaded guilty or no contest to a felony?No
- A2Been charged with a felony?Yes
BMisdemeanors2 Yes
In the past ten years, have you or any advisory affiliate:
- B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?Yes
- B2Been charged with a misdemeanor of the kind listed above?Yes
CSEC or CFTC actions4 Yes1 No
Has the SEC or CFTC ever:
- C1Found you or an advisory affiliate made a false statement or omission?Yes
- C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?Yes
- C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- C4Entered an order against you or an advisory affiliate in connection with investment-related activity?Yes
- C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?Yes
DOther regulatory actions4 Yes1 No
Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:
- D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?Yes
- D2Found you or an advisory affiliate violated investment-related regulations or statutes?Yes
- D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?Yes
- D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?Yes
ESelf-regulatory organization actions2 Yes2 No
Has a self-regulatory organization or commodities exchange ever:
- E1Found you or an advisory affiliate made a false statement or omission?No
- E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?Yes
- E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?Yes
FProfessional authorizations1 Yes
- FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?Yes
GPending regulatory proceedings1 Yes
- GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?Yes
HCivil judicial actions and proceedings4 No
(1) Court actions
Has a domestic or foreign court:
- H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
- H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
- H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No
(2) Pending civil proceedings
- H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No
Additional DRP filings 173 source blocks
Verbatim excerpts from supporting DRP filings, which may concern the firm or advisory affiliates. Amounts retain their filed labels; no total or attribution is inferred.
criminal · block 1PDF pages 48–49
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.A. or 11.B. of Form ADV. Criminal Check item(s) being responded to: 11.A(1) 11.A(2) 11.B(1) 11.B(2) Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. Multiple counts of the same charge arising out of the same event(s) should be reported on the same DRP. Unrelated criminal actions, including separate cases arising out of the same event, must be reported on separate DRPs. Use this DRP to report all charges arising out of the same event. One event may result in more than one affirmative answer to the items listed above. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 6832883 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Jiang, Zhiwei (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. If charge(s) were brought against an organization over which you or an advisory affiliate exercise(d) control: Enter organization name, whether or not the organization was an investment-related business and your or the advisory affiliate's position, title, or relationship. 2. Formal Charge(s) were brought in: (include name of Federal, Military, State or Foreign Court, Location of Court - City or County and State or Country, Docket/Case number). 3. Event Disclosure Detail (Use this for both organizational and individual charges.) A. Date First Charged (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: B. Event Disclosure Detail (include Charge(s)/Charge Description(s), and for each charge provide: (1) number of counts, (2) felony or misdemeanor, (3) plea for each charge, and (4) product type if charge is investment-related). C. Did any of the Charge(s) within the Event involve a felony? Yes No D. Current status of the Event? Pending On Appeal Final E. Event Status Date (complete unless status is Pending) (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Disposition Disclosure Detail: Include for each charge (a) Disposition Type (e.g., convicted, acquitted, dismissed, pretrial, etc.), (b) Date, (c) Sentence/Penalty, (d) Duration (if sentence - suspension, probation, etc.), (e) Start Date of Penalty, (f) Penalty/Fine Amount, and (g) Date Paid. 5. Provide a brief summary of circumstances leading to the charge(s) as well as the disposition. Include the relevant dates when the conduct which was the subject of the charge(s) occurred. (Your response must fit within the space provided.)
criminal · block 2PDF pages 49–50
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.A. or 11.B. of Form ADV. Criminal Check item(s) being responded to: 11.A(1) 11.A(2) 11.B(1) 11.B(2) Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. Multiple counts of the same charge arising out of the same event(s) should be reported on the same DRP. Unrelated criminal actions, including separate cases arising out of the same event, must be reported on separate DRPs. Use this DRP to report all charges arising out of the same event. One event may result in more than one affirmative answer to the items listed above. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 7268841 This advisory affiliate is a Firm an Individual Registered: Yes No Name: MacIsaac, Connor, Christian (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. If charge(s) were brought against an organization over which you or an advisory affiliate exercise(d) control: Enter organization name, whether or not the organization was an investment-related business and your or the advisory affiliate's position, title, or relationship. 2. Formal Charge(s) were brought in: (include name of Federal, Military, State or Foreign Court, Location of Court - City or County and State or Country, Docket/Case number). 3. Event Disclosure Detail (Use this for both organizational and individual charges.) A. Date First Charged (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: B. Event Disclosure Detail (include Charge(s)/Charge Description(s), and for each charge provide: (1) number of counts, (2) felony or misdemeanor, (3) plea for each charge, and (4) product type if charge is investment-related). C. Did any of the Charge(s) within the Event involve a felony? Yes No D. Current status of the Event? Pending On Appeal Final E. Event Status Date (complete unless status is Pending) (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Disposition Disclosure Detail: Include for each charge (a) Disposition Type (e.g., convicted, acquitted, dismissed, pretrial, etc.), (b) Date, (c) Sentence/Penalty, (d) Duration (if sentence - suspension, probation, etc.), (e) Start Date of Penalty, (f) Penalty/Fine Amount, and (g) Date Paid. 5. Provide a brief summary of circumstances leading to the charge(s) as well as the disposition. Include the relevant dates when the conduct which was the subject of the charge(s) occurred. (Your response must fit within the space provided.)
criminal · block 3PDF pages 50–51
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.A. or 11.B. of Form ADV. Criminal Check item(s) being responded to: 11.A(1) 11.A(2) 11.B(1) 11.B(2) Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. Multiple counts of the same charge arising out of the same event(s) should be reported on the same DRP. Unrelated criminal actions, including separate cases arising out of the same event, must be reported on separate DRPs. Use this DRP to report all charges arising out of the same event. One event may result in more than one affirmative answer to the items listed above. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 5516153 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Dotas, Kenton, D (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. If charge(s) were brought against an organization over which you or an advisory affiliate exercise(d) control: Enter organization name, whether or not the organization was an investment-related business and your or the advisory affiliate's position, title, or relationship. 2. Formal Charge(s) were brought in: (include name of Federal, Military, State or Foreign Court, Location of Court - City or County and State or Country, Docket/Case number). 3. Event Disclosure Detail (Use this for both organizational and individual charges.) A. Date First Charged (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: B. Event Disclosure Detail (include Charge(s)/Charge Description(s), and for each charge provide: (1) number of counts, (2) felony or misdemeanor, (3) plea for each charge, and (4) product type if charge is investment-related). C. Did any of the Charge(s) within the Event involve a felony? Yes No D. Current status of the Event? Pending On Appeal Final E. Event Status Date (complete unless status is Pending) (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Disposition Disclosure Detail: Include for each charge (a) Disposition Type (e.g., convicted, acquitted, dismissed, pretrial, etc.), (b) Date, (c) Sentence/Penalty, (d) Duration (if sentence - suspension, probation, etc.), (e) Start Date of Penalty, (f) Penalty/Fine Amount, and (g) Date Paid. 5. Provide a brief summary of circumstances leading to the charge(s) as well as the disposition. Include the relevant dates when the conduct which was the subject of the charge(s) occurred. (Your response must fit within the space provided.)
criminal · block 4PDF pages 51–53
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.A. or 11.B. of Form ADV. Criminal Check item(s) being responded to: 11.A(1) 11.A(2) 11.B(1) 11.B(2) Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. Multiple counts of the same charge arising out of the same event(s) should be reported on the same DRP. Unrelated criminal actions, including separate cases arising out of the same event, must be reported on separate DRPs. Use this DRP to report all charges arising out of the same event. One event may result in more than one affirmative answer to the items listed above. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 7845821 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Zhang, Yang (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. If charge(s) were brought against an organization over which you or an advisory affiliate exercise(d) control: Enter organization name, whether or not the organization was an investment-related business and your or the advisory affiliate's position, title, or relationship. 2. Formal Charge(s) were brought in: (include name of Federal, Military, State or Foreign Court, Location of Court - City or County and State or Country, Docket/Case number). 3. Event Disclosure Detail (Use this for both organizational and individual charges.) A. Date First Charged (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: B. Event Disclosure Detail (include Charge(s)/Charge Description(s), and for each charge provide: (1) number of counts, (2) felony or misdemeanor, (3) plea for each charge, and (4) product type if charge is investment-related). C. Did any of the Charge(s) within the Event involve a felony? Yes No D. Current status of the Event? Pending On Appeal Final E. Event Status Date (complete unless status is Pending) (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Disposition Disclosure Detail: Include for each charge (a) Disposition Type (e.g., convicted, acquitted, dismissed, pretrial, etc.), (b) Date, (c) Sentence/Penalty, (d) Duration (if sentence - suspension, probation, etc.), (e) Start Date of Penalty, (f) Penalty/Fine Amount, and (g) Date Paid. 5. Provide a brief summary of circumstances leading to the charge(s) as well as the disposition. Include the relevant dates when the conduct which was the subject of the charge(s) occurred. (Your response must fit within the space provided.) DRP Pages
regulatory · block 1PICKERING, TRICIA, RENE'PDF pages 53–54
- Advisory affiliate name — filed text
- PICKERING, TRICIA, RENE'
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 4166189 This advisory affiliate is a Firm an Individual Registered: Yes No Name: PICKERING, TRICIA, RENE' (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 2LOEFFLER, DONNA, LUNDPDF pages 54–56
- Advisory affiliate name — filed text
- LOEFFLER, DONNA, LUND
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 6151836 This advisory affiliate is a Firm an Individual Registered: Yes No Name: LOEFFLER, DONNA, LUND (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
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regulatory · block 3BLANCO, RICHARD, ENRIQUEPDF pages 56–58
- Advisory affiliate name — filed text
- BLANCO, RICHARD, ENRIQUE
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 728248 This advisory affiliate is a Firm an Individual Registered: Yes No Name: BLANCO, RICHARD, ENRIQUE (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 4Timmons, Gregory, AllenPDF pages 58–59
- Advisory affiliate name — filed text
- Timmons, Gregory, Allen
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 4824644 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Timmons, Gregory, Allen (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 5Mondry, Scott, WaynePDF pages 59–61
- Advisory affiliate name — filed text
- Mondry, Scott, Wayne
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 4910195 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Mondry, Scott, Wayne (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 6Cowgill, James, MatthewPDF pages 61–63
- Advisory affiliate name — filed text
- Cowgill, James, Matthew
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 4433644 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Cowgill, James, Matthew (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 7Wright-Ruppert, Carolyn, KimPDF pages 63–64
- Advisory affiliate name — filed text
- Wright-Ruppert, Carolyn, Kim
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 5027691 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Wright-Ruppert, Carolyn, Kim (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 8Valdez, Roy, LeePDF pages 64–66
- Advisory affiliate name — filed text
- Valdez, Roy, Lee
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 6695751 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Valdez, Roy, Lee (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 9Terry, John, MPDF pages 66–68
- Advisory affiliate name — filed text
- Terry, John, M
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 6827593 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Terry, John, M (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 10Timm, Jonathan, EPDF pages 68–70
- Advisory affiliate name — filed text
- Timm, Jonathan, E
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 6878313 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Timm, Jonathan, E (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 11Norris, Austin, LeePDF pages 70–71
- Advisory affiliate name — filed text
- Norris, Austin, Lee
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 4905540 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Norris, Austin, Lee (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 12Baloun, Mark, StevenPDF pages 71–73
- Advisory affiliate name — filed text
- Baloun, Mark, Steven
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 6883888 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Baloun, Mark, Steven (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 13Cabrera, Adam, LorenzoPDF pages 73–75
- Advisory affiliate name — filed text
- Cabrera, Adam, Lorenzo
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 6031597 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Cabrera, Adam, Lorenzo (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 14Martin, RolandPDF pages 75–76
- Advisory affiliate name — filed text
- Martin, Roland
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 6085052 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Martin, Roland (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 15Mitrik, Ryan, AlanPDF pages 76–78
- Advisory affiliate name — filed text
- Mitrik, Ryan, Alan
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 6435679 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Mitrik, Ryan, Alan (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. s s ou d be e o ed o t e eco d because ( ) t e e e t o p oceed g occu ed o e t a te yea s ago o ( ) t e ad se s registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 16Green, Sonya, HudmonPDF pages 78–80
- Advisory affiliate name — filed text
- Green, Sonya, Hudmon
- Regulator name — filed text
- ALABAMA DEPARTMENT OF INSURANCE
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE LICENSEE AND THE DEPARTMENT SUBSEQUENTLY ENTERED INTO A CONSENT ORDER ON AUGUST 2, 2019. THE LICENSEE PAID A REDUCED ADMINISTRATIVE ASSESSMENT OF $250 AND ACKNOWLEDGED THE TERMS OF THE CONSENT ORDER. THE DEPARTMENT THEN REINSTATED THE LICENSEE'S INSURANCE PRODUCER LICENSE TO ACTIVE STATUS.
Other filed details
Description of allegations — filed text
IN AN ORDER DATED JULY 11, 2019, THE COMMISSIONER OF INSURANCE SUSPENDED LICENSEE'S INSURANCE PRODUCER LICENSE FOR ALLEGED FAILURE TO COMPLY WITH THE CONTINUING EDUCATION REQUIREMENTS DURING THE LICENSE CYCLE AUGUST 1, 2016 TO JULY 31, 2018. IT WAS LATER DETERMINED THAT LICENSEE DID COMPLY WITH THOSE REQUIREMENTS BUT THAT THE ELECTRONIC SYSTEM UTILIZED BY THE ALABAMA DEPARTMENT OF INSURANCE (THE "DEPARTMENT") FAILED TO REFLECT THAT COMPLIANCE.
Sanction detail — filed text
NONE
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 4071346 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Green, Sonya, Hudmon (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) ALABAMA DEPARTMENT OF INSURANCE 2. Principal Sanction: Suspension Other Sanctions: LICENSEE PROVIDED EVIDENCE OF HER TIMELY COMPLETION OF THE REQUIRED CONTINUING EDUCATION AND REQUESTED REINSTATEMENT OF HER LICENSE. THE LICENSEE AND THE DEPARTMENT SUBSEQUENTLY ENTERED INTO A CONSENT ORDER ON AUGUST 2, 2019. THE LICENSEE PAID A REDUCED ADMINISTRATIVE ASSESSMENT OF $250 AND ACKNOWLEDGED THE TERMS OF THE CONSENT ORDER. THE DEPARTMENT THEN REINSTATED THE LICENSEE'S INSURANCE PRODUCER LICENSE TO ACTIVE STATUS. 3. Date Initiated (MM/DD/YYYY): 07/11/2019 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Insurance Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): IN AN ORDER DATED JULY 11, 2019, THE COMMISSIONER OF INSURANCE SUSPENDED LICENSEE'S INSURANCE PRODUCER LICENSE FOR ALLEGED FAILURE TO COMPLY WITH THE CONTINUING EDUCATION REQUIREMENTS DURING THE LICENSE CYCLE AUGUST 1, 2016 TO JULY 31, 2018. IT WAS LATER DETERMINED THAT LICENSEE DID COMPLY WITH THOSE REQUIREMENTS BUT THAT THE ELECTRONIC SYSTEM UTILIZED BY THE ALABAMA DEPARTMENT OF INSURANCE (THE "DEPARTMENT") FAILED TO REFLECT THAT COMPLIANCE. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 08/02/2019 Exact Explanation If not exact, provide explanation: LICENSEE PROVIDED EVIDENCE OF HER TIMELY COMPLETION OF THE REQUIRED CONTINUING EDUCATION AND REQUESTED REINSTATEMENT OF HER LICENSE. THE LICENSEE AND THE DEPARTMENT SUBSEQUENTLY ENTERED INTO A CONSENT ORDER ON AUGUST 2, 2019. THE LICENSEE PAID A REDUCED ADMINISTRATIVE ASSESSMENT OF $250 AND ACKNOWLEDGED THE TERMS OF THE CONSENT ORDER. THE DEPARTMENT THEN REINSTATED THE LICENSEE'S INSURANCE PRODUCER LICENSE TO ACTIVE STATUS. 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: CONSENT ORDER DATED AUGUST 2, 2019. LICENSE SUSPENDED FROM AUGUST 1, 2016 - JULY 31, 2018 Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: NONE 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE LICENSEE AND THE DEPARTMENT SUBSEQUENTLY ENTERED INTO A CONSENT ORDER ON AUGUST 2, 2019. THE LICENSEE PAID A REDUCED ADMINISTRATIVE ASSESSMENT OF $250 AND ACKNOWLEDGED THE TERMS OF THE CONSENT ORDER. THE DEPARTMENT THEN REINSTATED THE LICENSEE'S INSURANCE PRODUCER LICENSE TO ACTIVE STATUS.
regulatory · block 17Panettiere, Brian, ToddPDF pages 80–82
- Advisory affiliate name — filed text
- Panettiere, Brian, Todd
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 6596066 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Panettiere, Brian, Todd (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 18Staten, Ronnie, GalePDF pages 82–83
- Advisory affiliate name — filed text
- Staten, Ronnie, Gale
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 2309685 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Staten, Ronnie, Gale (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 19Charlson, Donald, MichaelPDF pages 83–85
- Advisory affiliate name — filed text
- Charlson, Donald, Michael
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 2151716 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Charlson, Donald, Michael (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 20Scott, Kelby, QuinnPDF pages 85–87
- Advisory affiliate name — filed text
- Scott, Kelby, Quinn
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 5581680 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Scott, Kelby, Quinn (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: p p 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 21Condon, David, ArthurPDF pages 87–88
- Advisory affiliate name — filed text
- Condon, David, Arthur
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 5145580 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Condon, David, Arthur (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 22Gasiorowski, NikolaiPDF pages 89–90
- Advisory affiliate name — filed text
- Gasiorowski, Nikolai
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 5063963 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Gasiorowski, Nikolai (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 23Ayoub, AlanPDF pages 90–92
- Advisory affiliate name — filed text
- Ayoub, Alan
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 7528633 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Ayoub, Alan (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 24PDF pages 92–94
- Regulator name — filed text
- PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES
- Monetary/Fine Amount — filed text
- $ 300,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
IN THE FALL OF 2023, EDWARD JONES IDENTIFIED A HISTORICAL COMPLIANCE DEFICIENCY IN CONNECTION WITH THE PENNSYLVANIA INVESTMENT ADVISER REPRESENTATIVE REGISTRATION REQUIREMENT AND SELF-REPORTED THE SAME TO THE PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES ("THE DEPARTMENT"). ON JANUARY 12, 2024, EDWARD JONES AND THE DEPARTMENT ENTERED INTO A CONSENT ORDER ("THE ORDER"). THE DEPARTMENT ALLEGED THAT FROM IN OR ABOUT JANUARY 2015 THROUGH THE PRESENT, EDWARD JONES FAILED TO REGISTER AT LEAST ONE EMPLOYEE AS AN INVESTMENT ADVISER REPRESENTATIVE IN PENNSYLVANIA IN VIOLATION OF SECTION 301(C.1)(1)(II) OF THE PENNSYLVANIA SECURITIES ACT OF 1972 ("THE 1972 ACT"), 70 P.S. § 1301(C.1)(1)(II). WITHOUT ADMITTING OR DENYING THE FINDINGS IN THE ORDER, EDWARD JONES AGREED TO PAY A MONETARY FINE OF $300,000 AND TO COMPLY WITH THE RELEVANT PROVISION OF THE 1972 ACT.
Other filed details
Description of allegations — filed text
THE PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES (THE "DEPARTMENT") ALLEGED THAT FROM IN OR ABOUT JANUARY 2015 THROUGH THE PRESENT, EDWARD JONES FAILED TO REGISTER AT LEAST ONE EMPLOYEE AS AN INVESTMENT ADVISER REPRESENTATIVE IN PENNSYLVANIA IN VIOLATION OF SECTION 301(C.1)(1)(II) OF THE PENNSYLVANIA SECURITIES ACT OF 1972, 70 P.S. § 1301(C.1)(1)(II).
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $300,000 AND TO COMPLY WITH THE RELEVANT PROVISION OF THE PENNSYLVANIA SECURITIES ACT OF 1972, 70 P.S. § 1301(C.1)(1)(II). SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 29, 2024.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
AGREEMENT TO COMPLY WITH SECTION 301(C.1)(1)(II) OF THE PENNSYLVANIA SECURITIES ACT OF 1972.
3.
Date Initiated (MM/DD/YYYY):
01/12/2024
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
240001 (SEC-CAO)
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
THE PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES (THE "DEPARTMENT") ALLEGED THAT FROM IN OR ABOUT JANUARY 2015 THROUGH THE
PRESENT, EDWARD JONES FAILED TO REGISTER AT LEAST ONE EMPLOYEE AS AN INVESTMENT ADVISER REPRESENTATIVE IN PENNSYLVANIA IN
VIOLATION OF SECTION 301(C.1)(1)(II) OF THE PENNSYLVANIA SECURITIES ACT OF 1972, 70 P.S. § 1301(C.1)(1)(II).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
01/12/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 300,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
AGREEMENT TO COMPLY WITH SECTION 301(C.1)(1)(II) OF THE PENNSYLVANIA SECURITIES ACT OF 1972.
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $300,000 AND TO COMPLY WITH THE RELEVANT PROVISION OF THE PENNSYLVANIA
SECURITIES ACT OF 1972, 70 P.S. § 1301(C.1)(1)(II). SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 29, 2024.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
IN THE FALL OF 2023, EDWARD JONES IDENTIFIED A HISTORICAL COMPLIANCE DEFICIENCY IN CONNECTION WITH THE PENNSYLVANIA INVESTMENT
ADVISER REPRESENTATIVE REGISTRATION REQUIREMENT AND SELF-REPORTED THE SAME TO THE PENNSYLVANIA DEPARTMENT OF BANKING AND
SECURITIES ("THE DEPARTMENT"). ON JANUARY 12, 2024, EDWARD JONES AND THE DEPARTMENT ENTERED INTO A CONSENT ORDER ("THE ORDER").
THE DEPARTMENT ALLEGED THAT FROM IN OR ABOUT JANUARY 2015 THROUGH THE PRESENT, EDWARD JONES FAILED TO REGISTER AT LEAST ONE
EMPLOYEE AS AN INVESTMENT ADVISER REPRESENTATIVE IN PENNSYLVANIA IN VIOLATION OF SECTION 301(C.1)(1)(II) OF THE PENNSYLVANIA
SECURITIES ACT OF 1972 ("THE 1972 ACT"), 70 P.S. § 1301(C.1)(1)(II). WITHOUT ADMITTING OR DENYING THE FINDINGS IN THE ORDER, EDWARD
JONES AGREED TO PAY A MONETARY FINE OF $300,000 AND TO COMPLY WITH THE RELEVANT PROVISION OF THE 1972 ACT.regulatory · block 25Leflet, Meredith, MargaretPDF pages 94–95
- Advisory affiliate name — filed text
- Leflet, Meredith, Margaret
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 6102771 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Leflet, Meredith, Margaret (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. p Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 26PDF pages 95–97
- Regulator name — filed text
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION
- Monetary/Fine Amount — filed text
- $ 50,000,000.00
- How was matter resolved — filed text
- Decision & Order of Offer of Settlement
Action status / disposition — filed text
ON AUGUST 14, 2024, EDWARD JONES ENTERED INTO A SETTLEMENT WITH THE SEC, TO RESOLVE THE MATTER. PRIOR TO THE SETTLEMENT, EDWARD JONES FULLY COOPERATED WITH THE SEC'S INVESTIGATION AND ENHANCED ITS POLICIES AND PROCEDURES CONCERNING THE USE OF APPROVED COMMUNICATION METHODS. THE SETTLEMENT IMPOSES A CEASE-AND-DESIST ORDER AND CENSURE, REQUIRES EDWARD JONES TO PAY A CIVIL MONETARY PENALTY OF $50 MILLION, AND REQUIRES EDWARD JONES TO COMPLY WITH UNDERTAKINGS INCLUDING RETENTION OF AN INDEPENDENT COMPLIANCE CONSULTANT TO ASSESS THE FIRM'S POLICIES AND SYSTEMS REGARDING ELECTRONIC COMMUNICATIONS RECORDKEEPING AND ASSIST EDWARD JONES IN FURTHER ENHANCING THOSE POLICIES AND SYSTEMS.
Other filed details
Description of allegations — filed text
THE U.S. SECURITIES AND EXCHANGE COMMISSION ("SEC"), IN CONNECTION WITH AN INDUSTRY-WIDE INVESTIGATION, ALLEGED EDWARD JONES VIOLATED RECORDKEEPING PROVISIONS OF SECTION 17(A) OF THE SECURITIES EXCHANGE ACT OF 1934 ("EXCHANGE ACT") AND SECTION 204 OF THE INVESTMENT ADVISERS ACT OF 1940 ("ADVISERS ACT") AND SUPERVISORY PROVISIONS OF SECTION 15(B)(4)(E) OF THE EXCHANGE ACT AND SECTION 203(E)(6) OF THE ADVISERS ACT, AND APPLICABLE RULES THEREUNDER, IN CONNECTION WITH RETENTION OF ELECTRONIC COMMUNICATIONS STORED ON PERSONAL DEVICES OR MESSAGING PLATFORMS THAT HAVE NOT BEEN APPROVED BY EDWARD JONES FOR BUSINESS USE BY ITS EMPLOYEES.
Sanction detail — filed text
THE SETTLEMENT IMPOSES A CEASE-AND-DESIST ORDER AND CENSURE, REQUIRES EDWARD JONES TO PAY A CIVIL MONETARY PENALTY OF $50 MILLION, WHICH WAS PAID ON AUGUST 22, 2024, AND REQUIRES EDWARD JONES TO COMPLY WITH UNDERTAKINGS INCLUDING RETENTION OF AN INDEPENDENT COMPLIANCE CONSULTANT.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
CEASE AND DESIST, CENSURE AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
08/14/2024
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
FILE NO. 3-22001
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
THE U.S. SECURITIES AND EXCHANGE COMMISSION ("SEC"), IN CONNECTION WITH AN INDUSTRY-WIDE INVESTIGATION, ALLEGED EDWARD JONES
VIOLATED RECORDKEEPING PROVISIONS OF SECTION 17(A) OF THE SECURITIES EXCHANGE ACT OF 1934 ("EXCHANGE ACT") AND SECTION 204 OF
THE INVESTMENT ADVISERS ACT OF 1940 ("ADVISERS ACT") AND SUPERVISORY PROVISIONS OF SECTION 15(B)(4)(E) OF THE EXCHANGE ACT AND
SECTION 203(E)(6) OF THE ADVISERS ACT, AND APPLICABLE RULES THEREUNDER, IN CONNECTION WITH RETENTION OF ELECTRONIC
COMMUNICATIONS STORED ON PERSONAL DEVICES OR MESSAGING PLATFORMS THAT HAVE NOT BEEN APPROVED BY EDWARD JONES FOR BUSINESS
USE BY ITS EMPLOYEES.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Decision & Order of Offer of Settlement
11. Resolution Date (MM/DD/YYYY):
08/14/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 50,000,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
THE SETTLEMENT IMPOSES A CEASE-AND-DESIST ORDER AND CENSURE, REQUIRES EDWARD JONES TO PAY A CIVIL MONETARY PENALTY OF $50
MILLION, WHICH WAS PAID ON AUGUST 22, 2024, AND REQUIRES EDWARD JONES TO COMPLY WITH UNDERTAKINGS INCLUDING RETENTION OF
AN INDEPENDENT COMPLIANCE CONSULTANT.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON AUGUST 14, 2024, EDWARD JONES ENTERED INTO A SETTLEMENT WITH THE SEC, TO RESOLVE THE MATTER. PRIOR TO THE SETTLEMENT, EDWARD
JONES FULLY COOPERATED WITH THE SEC'S INVESTIGATION AND ENHANCED ITS POLICIES AND PROCEDURES CONCERNING THE USE OF APPROVED
COMMUNICATION METHODS. THE SETTLEMENT IMPOSES A CEASE-AND-DESIST ORDER AND CENSURE, REQUIRES EDWARD JONES TO PAY A CIVIL
MONETARY PENALTY OF $50 MILLION, AND REQUIRES EDWARD JONES TO COMPLY WITH UNDERTAKINGS INCLUDING RETENTION OF AN INDEPENDENT
COMPLIANCE CONSULTANT TO ASSESS THE FIRM'S POLICIES AND SYSTEMS REGARDING ELECTRONIC COMMUNICATIONS RECORDKEEPING AND ASSIST
EDWARD JONES IN FURTHER ENHANCING THOSE POLICIES AND SYSTEMS.regulatory · block 27PDF pages 97–99
- Regulator name — filed text
- MINNESOTA DEPARTMENT OF COMMERCE
- Monetary/Fine Amount — filed text
- $ 2,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON AUGUST 13, EDWARD JONES ENTERED INTO A CIVIL PENALTY AGREEMENT WITH THE MINNESOTA DEPARTMENT OF COMMERCE TO RESOLVE THIS MATTER. PURSUANT TO THE CIVIL PENALTY AGREEMENT, THE FIRM AGREED TO PAY A CIVIL PENALTY OF $2,000 AND TO CEASE AND DESIST FROM VIOLATING ANY LAWS, RULES, OR ORDERS RELATED TO THE DUTIES AND RESPONSIBILITIES ENTRUSTED TO THE COMMISSIONER OF THE MINNESOTA DEPARTMENT OF COMMERCE. THE FIRM PAID THE PENALTY ON AUGUST 19, 2024.
Other filed details
Description of allegations — filed text
THE MINNESOTA DEPARTMENT OF COMMERCE ALLEGED THAT EDWARD JONES VIOLATED MINN. R. 2876.5021 SUBP. 1 WHEN IT RECEIVED NOTICE OF A UNIFORM COMMERCIAL CODE COLLATERAL LIEN ON A CUSTOMER ACCOUNT AND GAVE THECUSTOMER AN INCORRECT TOTAL OF HER ASSETS SUBJECT TO THE LIEN AND DID NOT TIMELY PROVIDE THE CUSTOMERWITH HER COLLATERAL-FREE ACCOUNT BALANCE.
Sanction detail — filed text
THE CONSENT ORDER IMPOSES A CEASE-AND-DESIST ORDER AND REQUIRES EDWARD JONES TO PAY A $2,000 CIVILPENALTY.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) MINNESOTA DEPARTMENT OF COMMERCE 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: CEASE AND DESIST 3. Date Initiated (MM/DD/YYYY): 08/09/2024 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: FILE NO. 84787 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): THE MINNESOTA DEPARTMENT OF COMMERCE ALLEGED THAT EDWARD JONES VIOLATED MINN. R. 2876.5021 SUBP. 1 WHEN IT RECEIVED NOTICE OF A UNIFORM COMMERCIAL CODE COLLATERAL LIEN ON A CUSTOMER ACCOUNT AND GAVE THECUSTOMER AN INCORRECT TOTAL OF HER ASSETS SUBJECT TO THE LIEN AND DID NOT TIMELY PROVIDE THE CUSTOMERWITH HER COLLATERAL-FREE ACCOUNT BALANCE. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 08/13/2024 Exact Explanation If not exact, provide explanation: THE CIVIL PENALTY AGREEMENT WITH THE MINNESOTA DEPARTMENT OF COMMERCE WAS NOT PUBLISHED UNTIL OCTOBER 28, 2024. 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 2,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: THE CONSENT ORDER IMPOSES A CEASE-AND-DESIST ORDER AND REQUIRES EDWARD JONES TO PAY A $2,000 CIVILPENALTY. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). ON AUGUST 13, EDWARD JONES ENTERED INTO A CIVIL PENALTY AGREEMENT WITH THE MINNESOTA DEPARTMENT OF COMMERCE TO RESOLVE THIS MATTER. PURSUANT TO THE CIVIL PENALTY AGREEMENT, THE FIRM AGREED TO PAY A CIVIL PENALTY OF $2,000 AND TO CEASE AND DESIST FROM VIOLATING ANY LAWS, RULES, OR ORDERS RELATED TO THE DUTIES AND RESPONSIBILITIES ENTRUSTED TO THE COMMISSIONER OF THE MINNESOTA DEPARTMENT OF COMMERCE. THE FIRM PAID THE PENALTY ON AUGUST 19, 2024.
regulatory · block 28PDF pages 99–101
- Regulator name — filed text
- INDIANA DEPARTMENT OF INSURANCE
- Monetary/Fine Amount — filed text
- $ 1,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON MARCH 20, 2024, THE FIRM REPORTED ITS JANUARY 2024 CONSENT AGREEMENT WITH THE PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES (THE "PENNSYLVANIA ORDER") TO THE INDIANA DEPARTMENT OF INSURANCE(THE "DEPARTMENT") AND ADVISED THE DEPARTMENT OF ITS INADVERTENT OMISSION OF THE PENNSYLVANIA ORDER IN THE FIRM'S JANUARY 22, 2024 RENEWAL APPLICATION FOR ITS INDIANA NONRESIDENT PRODUCER BUSINESS ENTITY LICENSE. PURSUANT TO INDIANA CODE SECTION 27-1-15.6-12(B)(2), THE COMMISSIONER MAY LEVY A CIVIL PENALTY ON AN INSURANCE PRODUCER'S LICENSE FOR VIOLATING AN INSURANCE LAW, INCLUDING INDIANA CODE SECTION 27-1-15.6-17(A). EDWARD JONES AGREED TO PAY A CIVIL PENALTY OF $1,000.00.
Other filed details
Description of allegations — filed text
THE ENFORCEMENT DIVISION OF THE INDIANA DEPARTMENT OF INSURANCE ALLEGED THAT EDWARD JONES VIOLATED AN INSURANCE LAW AND WAS LIABLE FOR A CIVIL PENALTY UNDER INDIANA CODE § 27115.612(B)(2) IN CONNECTION WITH THE FIRM'S FAILURE TO DISCLOSE ITS JANUARY 2024 CONSENT AGREEMENT AND ORDER WITH THE PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES TO THE INDIANA DEPARTMENT OF INSURANCE IN A TIMELY MANNER.
Sanction detail — filed text
THE INDIANA DEPARTMENT OF INSURANCE HAS SET A DEADLINE OF NOVEMBER 20 FOR EDWARD JONES TO PAY THE $1,000 CIVIL PENALTY.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) INDIANA DEPARTMENT OF INSURANCE 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 10/10/2024 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 23211-AG24-0425-075 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): THE ENFORCEMENT DIVISION OF THE INDIANA DEPARTMENT OF INSURANCE ALLEGED THAT EDWARD JONES VIOLATED AN INSURANCE LAW AND WAS LIABLE FOR A CIVIL PENALTY UNDER INDIANA CODE § 27115.612(B)(2) IN CONNECTION WITH THE FIRM'S FAILURE TO DISCLOSE ITS JANUARY 2024 CONSENT AGREEMENT AND ORDER WITH THE PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES TO THE INDIANA DEPARTMENT OF INSURANCE IN A TIMELY MANNER. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 10/10/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 1,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: EDWARD JONES AGREED TO PAY A MONETARY CIVIL PENALTY OF $1,000.00 Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: THE INDIANA DEPARTMENT OF INSURANCE HAS SET A DEADLINE OF NOVEMBER 20 FOR EDWARD JONES TO PAY THE $1,000 CIVIL PENALTY. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). ON MARCH 20, 2024, THE FIRM REPORTED ITS JANUARY 2024 CONSENT AGREEMENT WITH THE PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES (THE "PENNSYLVANIA ORDER") TO THE INDIANA DEPARTMENT OF INSURANCE(THE "DEPARTMENT") AND ADVISED THE DEPARTMENT OF ITS INADVERTENT OMISSION OF THE PENNSYLVANIA ORDER IN THE FIRM'S JANUARY 22, 2024 RENEWAL APPLICATION FOR ITS INDIANA NONRESIDENT PRODUCER BUSINESS ENTITY LICENSE. PURSUANT TO INDIANA CODE SECTION 27-1-15.6-12(B)(2), THE COMMISSIONER MAY LEVY A CIVIL PENALTY ON AN INSURANCE PRODUCER'S LICENSE FOR VIOLATING AN INSURANCE LAW, INCLUDING INDIANA CODE SECTION 27-1-15.6-17(A). EDWARD JONES AGREED TO PAY A CIVIL PENALTY OF $1,000.00.
regulatory · block 29Steele, Guy, WilliamPDF pages 101–103
- Advisory affiliate name — filed text
- Steele, Guy, William
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 1922223 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Steele, Guy, William (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 30PDF pages 103–104
- Regulator name — filed text
- MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS, CORPORATIONS, SECURITIES, AND COMMERCIAL LICENSING BUREAU
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE BUREAU FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF MCL 451.2412(4)(I) OF THE MICHIGAN UNIFORM SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE TREASURER, STATE OF MICHIGAN. FURTHERMORE, AS MICHIGAN SERVED AS A LEAD STATE IN THIS MATTER, EDWARD JONES WILL PAY $15,000.00 FOR INVESTIGATORY COSTS.
Other filed details
Description of allegations — filed text
PURSUANT TO MCL 451.2412(4)(I) OF THE MICHIGAN UNIFORM SECURITIES ACT, THE DIRECTOR OF THE CORPORATIONS, SECURITIES, AND COMMERCIAL LICENSING BUREAU ("BUREAU") WITHIN THE STATE OF MICHIGAN, DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE TREASURER, STATE OF MICHIGAN. FURTHERMORE, AS MICHIGAN SERVED AS A LEAD STATE IN THIS MATTER, EDWARD JONES WILL PAY $15,000.00 FOR INVESTIGATORY COSTS. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS, CORPORATIONS, SECURITIES, AND COMMERCIAL LICENSING BUREAU
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
05/01/2018
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ENF-23-020101
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO MCL 451.2412(4)(I) OF THE MICHIGAN UNIFORM SECURITIES ACT, THE DIRECTOR OF THE CORPORATIONS, SECURITIES, AND
COMMERCIAL LICENSING BUREAU ("BUREAU") WITHIN THE STATE OF MICHIGAN, DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS ALLEGED
THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY
DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN
BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE
ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/20/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE TREASURER, STATE OF MICHIGAN. FURTHERMORE, AS
MICHIGAN SERVED AS A LEAD STATE IN THIS MATTER, EDWARD JONES WILL PAY $15,000.00 FOR INVESTIGATORY COSTS. SUCH PAYMENT WAS
MADE ON OR ABOUT JANUARY 7, 2025.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE BUREAU FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-
DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF MCL
451.2412(4)(I) OF THE MICHIGAN UNIFORM SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW
SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE
TREASURER, STATE OF MICHIGAN. FURTHERMORE, AS MICHIGAN SERVED AS A LEAD STATE IN THIS MATTER, EDWARD JONES WILL PAY $15,000.00 FOR
INVESTIGATORY COSTS.regulatory · block 31PDF pages 105–106
- Regulator name — filed text
- STATE OF NEVADA OFFICE OF THE SECRETARY OF STATE SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
STATE OF NEVADA OFFICE OF THE SECRETARY OF STATE SECURITIES DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF NRS 90.420(1)(L). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE NEVADA SECRETARY OF STATE. EDWARD JONES WILL ADDITIONALLY PAY $15,000.00 FOR INVESTIGATORY COSTS.
Other filed details
Description of allegations — filed text
PURSUANT TO NRS 90.420(1)(L), THE STATE OF NEVADA OFFICE OF THE SECRETARY OF STATE SECURITIES DIVISION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE NEVADA SECRETARY OF STATE. EDWARD JONES WILL ALSO PAY $15,000.00 FOR INVESTIGATORY COSTS. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 3, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF NEVADA OFFICE OF THE SECRETARY OF STATE SECURITIES DIVISION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 05/01/2018 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: INV23-171 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO NRS 90.420(1)(L), THE STATE OF NEVADA OFFICE OF THE SECRETARY OF STATE SECURITIES DIVISION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE NEVADA SECRETARY OF STATE. EDWARD JONES WILL ALSO PAY $15,000.00 FOR INVESTIGATORY COSTS. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 3, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). STATE OF NEVADA OFFICE OF THE SECRETARY OF STATE SECURITIES DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF NRS 90.420(1)(L). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE NEVADA SECRETARY OF STATE. EDWARD JONES WILL ADDITIONALLY PAY $15,000.00 FOR INVESTIGATORY COSTS.
regulatory · block 32PDF pages 106–108
- Regulator name — filed text
- THE ALABAMA SECURITIES COMMISSION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE ALABAMA SECURITIES COMMISSION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALERDURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF SECTION 8-6-3(J)(10) OF TITLE 8, CHAPTER 6, CODEOF ALABAMA. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY ANADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE ALABAMA SECURITIES COMMISSION.
Other filed details
Description of allegations — filed text
PURSUANT TO SECTION 8-6-3(J)(10) OF TITLE 8, CHAPTER 6, CODE OF ALABAMA, THE ALABAMA SECURITIES COMMISSION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1,2016 TO JUNE 3, 2018, (THE "INVESTIGATION PERIOD"), EDWARD JONES' PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHAREMUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIRINVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE ALABAMA SECURITIES COMMISSION. EDWARD JONES WILL ALSO PAY INVESTIGATORY COSTS OF$15,000 PAYABLE TO THE ALABAMA SECURITIES COMMISSION. SUCH PAYMENT WILL BE MADE ON OR ABOUT FEBRUARY 4, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE ALABAMA SECURITIES COMMISSION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 05/01/2018 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: ADMINISTRATIVE ORDER NO. CA-2024-0032 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO SECTION 8-6-3(J)(10) OF TITLE 8, CHAPTER 6, CODE OF ALABAMA, THE ALABAMA SECURITIES COMMISSION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1,2016 TO JUNE 3, 2018, (THE "INVESTIGATION PERIOD"), EDWARD JONES' PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHAREMUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIRINVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE ALABAMA SECURITIES COMMISSION. EDWARD JONES WILL ALSO PAY INVESTIGATORY COSTS OF$15,000 PAYABLE TO THE ALABAMA SECURITIES COMMISSION. SUCH PAYMENT WILL BE MADE ON OR ABOUT FEBRUARY 4, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE ALABAMA SECURITIES COMMISSION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALERDURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF SECTION 8-6-3(J)(10) OF TITLE 8, CHAPTER 6, CODEOF ALABAMA. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY ANADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE ALABAMA SECURITIES COMMISSION.
regulatory · block 33PDF pages 108–110
- Regulator name — filed text
- STATE OF CALIFORNIA - DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE COMMISSIONER OF THE DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF CORPORATIONS CODE SECTION 25218 AND CODE OF REGULATIONS, TITLE 10, SECTION 260.218.4. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72, PAYABLE TO THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION.
Other filed details
Description of allegations — filed text
PURSUANT TO CORPORATIONS CODE SECTION 25218 AND CODE OF REGULATIONS, TITLE 10, SECTION 260.218.4, THE STATE OF CALIFORNIA'S COMMISSIONER OF THE DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 3, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF CALIFORNIA - DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: CRD NO. 250 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO CORPORATIONS CODE SECTION 25218 AND CODE OF REGULATIONS, TITLE 10, SECTION 260.218.4, THE STATE OF CALIFORNIA'S COMMISSIONER OF THE DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 3, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE COMMISSIONER OF THE DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF CORPORATIONS CODE SECTION 25218 AND CODE OF REGULATIONS, TITLE 10, SECTION 260.218.4. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72, PAYABLE TO THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION.
regulatory · block 34PDF pages 110–112
- Regulator name — filed text
- THE COLORADO SECURITIES COMMISSION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE STATE OF COLORADO'S SECURITIES COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF §§ 1151606(2)(A) AND (B)(II), C.R.S. OF THE COLORADO SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE STATE OF COLORADO.
Other filed details
Description of allegations — filed text
PURSUANT TO §§ 1151410(1)(I), 1151606(2)(A) AND (B)(II), C.R.S. OF THE COLORADO SECURITIES ACT, THE SECURITIES COMMISSIONER STATE OF COLORADO ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF COLORADO. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE COLORADO SECURITIES COMMISSION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2023-CDS-019 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO §§ 1151410(1)(I), 1151606(2)(A) AND (B)(II), C.R.S. OF THE COLORADO SECURITIES ACT, THE SECURITIES COMMISSIONER STATE OF COLORADO ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF COLORADO. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE STATE OF COLORADO'S SECURITIES COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF §§ 1151606(2)(A) AND (B)(II), C.R.S. OF THE COLORADO SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE STATE OF COLORADO.
regulatory · block 35PDF pages 112–114
- Regulator name — filed text
- THE ARKANSAS SECURITIES COMMISSIONER
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE ARKANSAS SECURITIES COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF ARK. CODE ANN. § 2342301(F) AND RULE 301.01(C)(2). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE ARKANSAS SECURITIES DEPARTMENT. EDWARD JONES WILL ADDITIONALLY PAY $15,000.00 FOR INVESTIGATORY COSTS.
Other filed details
Description of allegations — filed text
PURSUANT TO ARK. CODE ANN. § 2342301(F) AND RULE 301.01(C)(2), THE ARKANSAS SECURITIES COMMISSIONER ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE ARKANSAS SECURITIES DEPARTMENT. EDWARD JONES WILL ALSO PAY INVESTIGATORY COSTS OF $15,000 PAYABLE TO THE ARKANSAS SECURITIES DEPARTMENT. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 26, 2024.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE ARKANSAS SECURITIES COMMISSIONER 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 05/01/2018 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: CASE NO. S-23-0013/ ORDER NO. S-23-0013-23-OR01 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO ARK. CODE ANN. § 2342301(F) AND RULE 301.01(C)(2), THE ARKANSAS SECURITIES COMMISSIONER ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/23/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE ARKANSAS SECURITIES DEPARTMENT. EDWARD JONES WILL ALSO PAY INVESTIGATORY COSTS OF $15,000 PAYABLE TO THE ARKANSAS SECURITIES DEPARTMENT. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 26, 2024. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE ARKANSAS SECURITIES COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF ARK. CODE ANN. § 2342301(F) AND RULE 301.01(C)(2). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE ARKANSAS SECURITIES DEPARTMENT. EDWARD JONES WILL ADDITIONALLY PAY $15,000.00 FOR INVESTIGATORY COSTS.
regulatory · block 36PDF pages 114–115
- Regulator name — filed text
- THE COMMISSIONER OF SECURITIES AND INSURANCE, OFFICE OF THE MONTANA STATE AUDITOR
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE COMMISSIONER OF SECURITIES AND INSURANCE, OFFICE OF THE MONTANA STATE AUDITOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF MONT. CODE ANN. § 3010201(13)(K). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF MONTANA. EDWARD JONES WILL ADDITIONALLY PAY $15,000.00 FOR INVESTIGATORY COSTS.
Other filed details
Description of allegations — filed text
PURSUANT TO MONT. CODE ANN. § 3010201(13)(K), THE COMMISSIONER OF SECURITIES AND INSURANCE, OFFICE OF THE MONTANA STATE AUDITOR, ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF MONTANA. EDWARD JONES WILL ALSO PAY $15,000.00 FOR INVESTIGATORY COSTS. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE COMMISSIONER OF SECURITIES AND INSURANCE, OFFICE OF THE MONTANA STATE AUDITOR 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 05/01/2018 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: SEC-2023-00223 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO MONT. CODE ANN. § 3010201(13)(K), THE COMMISSIONER OF SECURITIES AND INSURANCE, OFFICE OF THE MONTANA STATE AUDITOR, ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF MONTANA. EDWARD JONES WILL ALSO PAY $15,000.00 FOR INVESTIGATORY COSTS. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE COMMISSIONER OF SECURITIES AND INSURANCE, OFFICE OF THE MONTANA STATE AUDITOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF MONT. CODE ANN. § 3010201(13)(K). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF MONTANA. EDWARD JONES WILL ADDITIONALLY PAY $15,000.00 FOR INVESTIGATORY COSTS.
regulatory · block 37PDF pages 115–117
- Regulator name — filed text
- STATE OF WYOMING, COMPLIANCE DIVISION OF THE WYOMING SECRETARY OF STATE
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE WYOMING SECRETARY OF STATE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF W.S. 17-4-412(D)(IX) OF THE ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE WYOMING SECRETARY OF STATE.
Other filed details
Description of allegations — filed text
PURSUANT TO W.S. 17-4-412(D)(IX) OF THE WYOMING UNIFORM SECURITIES ACT ("THE ACT"), THE WYOMING SECRETARY OF STATE ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE WYOMING SECRETARY OF STATE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF WYOMING, COMPLIANCE DIVISION OF THE WYOMING SECRETARY OF STATE
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
08/03/2023
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
MATTER NO. 2023-02
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO W.S. 17-4-412(D)(IX) OF THE WYOMING UNIFORM SECURITIES ACT ("THE ACT"), THE WYOMING SECRETARY OF STATE ALLEGED THAT,
DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED
WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE
CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/23/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE WYOMING SECRETARY OF STATE. SUCH PAYMENT WAS MADE ON OR
ABOUT JANUARY 7, 2025.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE WYOMING SECRETARY OF STATE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS
ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED
AS A VIOLATION OF W.S. 17-4-412(D)(IX) OF THE ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET
FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE WYOMING SECRETARY
OF STATE.regulatory · block 38PDF pages 117–119
- Regulator name — filed text
- LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 51:704(A)(9) OF THE LOUISIANA SECURITIESLAW. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVEMONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS.
Other filed details
Description of allegations — filed text
PURSUANT TO 51:704(A)(9) OF THE LOUISIANA SECURITIES LAW (LSL), THE LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELYJULY 1, 2016 TO JUNE 3, 2018, (THE "INVESTIGATION PERIOD"), EDWARD JONES' PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS ASHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIRINVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS. SUCH PAYMENT WILL BE MADE ON OR ABOUTFEBRUARY 4, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: OFI-2023-03 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO 51:704(A)(9) OF THE LOUISIANA SECURITIES LAW (LSL), THE LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELYJULY 1, 2016 TO JUNE 3, 2018, (THE "INVESTIGATION PERIOD"), EDWARD JONES' PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS ASHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIRINVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS. SUCH PAYMENT WILL BE MADE ON OR ABOUTFEBRUARY 4, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 51:704(A)(9) OF THE LOUISIANA SECURITIESLAW. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVEMONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS.
regulatory · block 39PDF pages 119–121
- Regulator name — filed text
- KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS ABROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 808 KAR 10:030, §4(1) OF THEKENTUCKY REVISED STATUTES. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TOPAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE KENTUCKY STATE TREASURER.
Other filed details
Description of allegations — filed text
PURSUANT TO CHAPTER 808 KAR 10:030, SECTION 4(1) OF THE KENTUCKY REVISED STATUTES, THE KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS ALLEGED THAT, DURING THEPERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, (THE "INVESTIGATION PERIOD"), EDWARD JONES' PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THESALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARDJONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE KENTUCKY STATE TREASURER. SUCH PAYMENT WILL BE MADE ON OR ABOUT FEBRUARY 4, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2023-AH-0022 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO CHAPTER 808 KAR 10:030, SECTION 4(1) OF THE KENTUCKY REVISED STATUTES, THE KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS ALLEGED THAT, DURING THEPERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, (THE "INVESTIGATION PERIOD"), EDWARD JONES' PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THESALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARDJONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/27/2024 Exact Explanation If not exact, provide explanation: p p 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE KENTUCKY STATE TREASURER. SUCH PAYMENT WILL BE MADE ON OR ABOUT FEBRUARY 4, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS ABROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 808 KAR 10:030, §4(1) OF THEKENTUCKY REVISED STATUTES. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TOPAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE KENTUCKY STATE TREASURER.
regulatory · block 40PDF pages 121–123
- Regulator name — filed text
- STATE OF NEW MEXICO REGULATION AND LICENSING DEPARTMENT SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATIONPERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF 12.11.4.10 NMAC OF THE NEW MEXICO SECURITIES LAW. WITHOUT ADMITTINGOR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF$320,754.72 TO THE DIVISION.
Other filed details
Description of allegations — filed text
PURSUANT TO 12.11.4.10 NMAC, THE SECURITIES DIVISION OF THE NEW MEXICO REGULATION AND LICENSING DEPARTMENT (THE "DIVISION") ALLEGED THAT, DURING THE PERIOD OFAPPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, (THE "INVESTIGATION PERIOD"), EDWARD JONES' PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OFCERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TOSERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE DIVISION. SUCH PAYMENT WILL BE MADE ON OR ABOUT FEBRUARY 4, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF NEW MEXICO REGULATION AND LICENSING DEPARTMENT SECURITIES DIVISION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: CASE NO. MS-23-7-10 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO 12.11.4.10 NMAC, THE SECURITIES DIVISION OF THE NEW MEXICO REGULATION AND LICENSING DEPARTMENT (THE "DIVISION") ALLEGED THAT, DURING THE PERIOD OFAPPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, (THE "INVESTIGATION PERIOD"), EDWARD JONES' PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OFCERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TOSERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE DIVISION. SUCH PAYMENT WILL BE MADE ON OR ABOUT FEBRUARY 4, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATIONPERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF 12.11.4.10 NMAC OF THE NEW MEXICO SECURITIES LAW. WITHOUT ADMITTINGOR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF$320,754.72 TO THE DIVISION.
regulatory · block 41PDF pages 123–124
- Regulator name — filed text
- THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF THE SECURITIES ACT OF NEBRASKA, NEB. REV. STAT SECTION 8-1103(9)(A)(XI). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE.
Other filed details
Description of allegations — filed text
PURSUANT TO SECURITIES ACT OF NEBRASKA, NEB. REV. STAT SECTION 8-1103(9)(A)(XI) OF THE ACT, THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 9, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: CRD #250 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO SECURITIES ACT OF NEBRASKA, NEB. REV. STAT SECTION 8-1103(9)(A)(XI) OF THE ACT, THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 9, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF THE SECURITIES ACT OF NEBRASKA, NEB. REV. STAT SECTION 8-1103(9)(A)(XI). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE.
regulatory · block 42PDF pages 125–126
- Regulator name — filed text
- THE FLORIDA OFFICE OF FINANCIAL REGULATION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE FLORIDA OFFICE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF SECTIONS 20.121(3)(A)(2) OF THE FLORIDA ADMINISTRATIVE CODE. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF FLORIDA.
Other filed details
Description of allegations — filed text
PURSUANT TO SECTIONS 20.121(3)(A)(2) OF THE FLORIDA ADMINISTRATIVE CODE, THE FLORIDA OFFICE OF FINANCIAL REGULATION ("OFFICE") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF FLORIDA, OFFICE OF FINANCIAL REGULATION. EDWARD JONES WILL ALSO PAY $15,000.00 FOR INVESTIGATORY COSTS. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 14, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
THE FLORIDA OFFICE OF FINANCIAL REGULATION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
05/01/2018
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
116856-S
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO SECTIONS 20.121(3)(A)(2) OF THE FLORIDA ADMINISTRATIVE CODE, THE FLORIDA OFFICE OF FINANCIAL REGULATION ("OFFICE")
ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY
DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN
BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE
ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
01/07/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF FLORIDA, OFFICE OF FINANCIAL REGULATION.
EDWARD JONES WILL ALSO PAY $15,000.00 FOR INVESTIGATORY COSTS. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 14, 2025.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE FLORIDA OFFICE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A
BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF
SECTIONS 20.121(3)(A)(2) OF THE FLORIDA ADMINISTRATIVE CODE. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF
LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE
STATE OF FLORIDA.regulatory · block 43Vickers, Gregory, ChadPDF pages 126–128
- Advisory affiliate name — filed text
- Vickers, Gregory, Chad
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 6706470 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Vickers, Gregory, Chad (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 44PDF pages 128–130
- Regulator name — filed text
- THE MAINE OFFICE OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE MAINE SECURITIES ADMINISTRATOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 504 § 7(1) OF THE MAINE OFFICE OF SECURITIES RULE. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE TREASURER, STATE OF MAINE.
Other filed details
Description of allegations — filed text
PURSUANT TO THE MAINE OFFICE OF SECURITIES RULE CHAPTER 504 § 7(1), THE MAINE SECURITIES ADMINISTRATOR ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE TREASURER, STATE OF MAINE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE MAINE OFFICE OF SECURITIES 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: NO. 2023-29 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO THE MAINE OFFICE OF SECURITIES RULE CHAPTER 504 § 7(1), THE MAINE SECURITIES ADMINISTRATOR ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE TREASURER, STATE OF MAINE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE MAINE SECURITIES ADMINISTRATOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 504 § 7(1) OF THE MAINE OFFICE OF SECURITIES RULE. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE TREASURER, STATE OF MAINE.
regulatory · block 45PDF pages 130–132
- Regulator name — filed text
- STATE OF NEW JERSEY BUREAU OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 320,754.75
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE BUREAU FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF N.J.S.A. 49:3-58(A)(2)(XI) OF THE NEW JERSEY SECURITIES LAW. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 AND $15,000 IN INVESTIGATORY COSTS TO THE GENERAL TREASURY OF NEW JERSEY.
Other filed details
Description of allegations — filed text
PURSUANT TO N.J.S.A. 49:3-58(A)(2)(XI), THE STATE OF NEW JERSEY BUREAU OF SECURITIES (THE "BUREAU") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PLUS $15,000 IN INVESTIGATORY COSTS TO THE GENERAL TREASURY OF NEW JERSEY. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 14, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF NEW JERSEY BUREAU OF SECURITIES 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 05/01/2018 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: CRD #250 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO N.J.S.A. 49:3-58(A)(2)(XI), THE STATE OF NEW JERSEY BUREAU OF SECURITIES (THE "BUREAU") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 01/08/2025 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.75 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PLUS $15,000 IN INVESTIGATORY COSTS TO THE GENERAL TREASURY OF NEW JERSEY. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 14, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE BUREAU FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF N.J.S.A. 49:3-58(A)(2)(XI) OF THE NEW JERSEY SECURITIES LAW. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 AND $15,000 IN INVESTIGATORY COSTS TO THE GENERAL TREASURY OF NEW JERSEY.
regulatory · block 46PDF pages 132–133
- Regulator name — filed text
- STATE OF NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 320,754.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE ADMINISTRATOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF N.C. GEN. STAT. §78A39(A1). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE FINAL ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.00 TO THE NORTH CAROLINA SECRETARY OF STATE.
Other filed details
Description of allegations — filed text
PURSUANT TO N.C. GEN. STAT. §78A39(A1), THE NORTH CAROLINA SECRETARY OF STATE AS ADMINISTRATOR OF THE NORTH CAROLINA SECURITIES ACT (THE "ADMINISTRATOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754 TO THE NORTH CAROLINA SECRETARY OF STATE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE SECURITIES DIVISION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: FILE NO. 22SEC113 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO N.C. GEN. STAT. §78A39(A1), THE NORTH CAROLINA SECRETARY OF STATE AS ADMINISTRATOR OF THE NORTH CAROLINA SECURITIES ACT (THE "ADMINISTRATOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 01/02/2025 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754 TO THE NORTH CAROLINA SECRETARY OF STATE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE ADMINISTRATOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF N.C. GEN. STAT. §78A39(A1). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE FINAL ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.00 TO THE NORTH CAROLINA SECRETARY OF STATE.
regulatory · block 47PDF pages 133–135
- Regulator name — filed text
- STATE OF TENNESSEE COMMISSIONER OF COMMERCE AND INSURANCE
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF TENN. CODE ANN. § 481112(A)(2)(J). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE TENNESSEE DEPARTMENT OF COMMERCE AND INSURANCE.
Other filed details
Description of allegations — filed text
PURSUANT TO TENN. CODE ANN. § 481112(A)(2)(J), THE COMMISSIONER OF COMMERCE AND INSURANCE FOR THE STATE OF TENNESSEE ("COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE TENNESSEE DEPARTMENT OF COMMERCE AND INSURANCE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF TENNESSEE COMMISSIONER OF COMMERCE AND INSURANCE
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
08/03/2023
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
MATTER NO.: 23-01039
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
y
p
y
g
y
g
y
(
pp
)
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO TENN. CODE ANN. § 481112(A)(2)(J), THE COMMISSIONER OF COMMERCE AND INSURANCE FOR THE STATE OF TENNESSEE
("COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES
WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS
PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER
AND MANAGE THOSE ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/27/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE TENNESSEE DEPARTMENT OF COMMERCE AND INSURANCE. SUCH
PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A
BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION
OF TENN. CODE ANN. § 481112(A)(2)(J). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE
CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE TENNESSEE DEPARTMENT OF
COMMERCE AND INSURANCE.regulatory · block 48PDF pages 135–137
- Regulator name — filed text
- SECURITIES COMMISSIONER OF MARYLAND
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE SECURITIES COMMISSIONER OF MARYLAND FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF SECTION 412(A)(10)OF THE MARYLAND SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF MARYLAND, MARYLAND OFFICE OF THE ATTORNEY GENERAL.
Other filed details
Description of allegations — filed text
PURSUANT TO SECTION 11-412(A)(10) OF THE MARYLAND SECURITIES ACT, THE SECURITIES COMMISSIONER OF MARYLAND ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF MARYLAND, MARYLAND OFFICE OF THE ATTORNEY GENERAL. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 26, 2024.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) SECURITIES COMMISSIONER OF MARYLAND 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: SECURITIES DOCKET NO. 2023-0261 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO SECTION 11-412(A)(10) OF THE MARYLAND SECURITIES ACT, THE SECURITIES COMMISSIONER OF MARYLAND ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF MARYLAND, MARYLAND OFFICE OF THE ATTORNEY GENERAL. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 26, 2024. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE SECURITIES COMMISSIONER OF MARYLAND FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF SECTION 412(A)(10)OF THE MARYLAND SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF MARYLAND, MARYLAND OFFICE OF THE ATTORNEY GENERAL.
regulatory · block 49PDF pages 137–139
- Regulator name — filed text
- COMMONWEALTH OF MASSACHUSETTS, OFFICE OF THE SECRETARY OF THE COMMONWEALTH SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE COMMONWEALTH OF MASSACHUSETTS, OFFICE OF THE SECRETARY OF THE COMMONWEALTH SECURITIES DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF MASS. GEN. LAWS C. 110A, § 204(A)(2)(J). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE COMMONWEALTH OF MASSACHUSETTS SECRETARY OF STATE.
Other filed details
Description of allegations — filed text
PURSUANT TO MASS. GEN. LAWS C. 110A, § 204(A)(2)(J), THE COMMONWEALTH OF MASSACHUSETTS, OFFICE OF THE SECRETARY OF THE COMMONWEALTH SECURITIES DIVISION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER- DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE COMMONWEALTH OF MASSACHUSETTS SECRETARY OF STATE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 9, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) COMMONWEALTH OF MASSACHUSETTS, OFFICE OF THE SECRETARY OF THE COMMONWEALTH SECURITIES DIVISION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 05/01/2018 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: E-2018-0048 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO MASS. GEN. LAWS C. 110A, § 204(A)(2)(J), THE COMMONWEALTH OF MASSACHUSETTS, OFFICE OF THE SECRETARY OF THE COMMONWEALTH SECURITIES DIVISION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER- DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/24/2024 Exact Explanation p If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE COMMONWEALTH OF MASSACHUSETTS SECRETARY OF STATE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 9, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE COMMONWEALTH OF MASSACHUSETTS, OFFICE OF THE SECRETARY OF THE COMMONWEALTH SECURITIES DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF MASS. GEN. LAWS C. 110A, § 204(A)(2)(J). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE COMMONWEALTH OF MASSACHUSETTS SECRETARY OF STATE.
regulatory · block 50PDF pages 139–141
- Regulator name — filed text
- SECURITIES DIVISION OF THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE SECURITIES DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF RCW 21.20.110(1)(J) OF THE ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE SECURITIES DIVISION, PLUS AN ADDITIONAL $15,000 TO COVER INVESTIGATORY COSTS INCURRED BY THE SECURITIES DIVISION WHILE SERVING AS A LEAD STATE IN THIS MATTER SPANNING MULTIPLE STATES.
Other filed details
Description of allegations — filed text
PURSUANT TO RCW 21.20.110(1)(J) OF THE SECURITIES ACT OF WASHINGTON (THE "ACT"), THE SECURITIES DIVISION OF THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS (THE "SECURITIES DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE SECURITIES DIVISION. EDWARD JONES WILL ALSO PAY INVESTIGATORY COSTS OF $15,000. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) SECURITIES DIVISION OF THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 05/01/2018 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: ORDER NO. S-19-2768-23-CO01 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO RCW 21.20.110(1)(J) OF THE SECURITIES ACT OF WASHINGTON (THE "ACT"), THE SECURITIES DIVISION OF THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS (THE "SECURITIES DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE SECURITIES DIVISION. EDWARD JONES WILL ALSO PAY INVESTIGATORY COSTS OF $15,000. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE SECURITIES DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF RCW 21.20.110(1)(J) OF THE ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE SECURITIES DIVISION, PLUS AN ADDITIONAL $15,000 TO COVER INVESTIGATORY COSTS INCURRED BY THE SECURITIES DIVISION WHILE SERVING AS A LEAD STATE IN THIS MATTER SPANNING MULTIPLE STATES.
regulatory · block 51PDF pages 141–143
- Regulator name — filed text
- KANSAS SECURITIES COMMISSION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE SECURITIES COMMISSIONER OF THE STATE OF KANSAS FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF KANSAS UNIFORM SECURITIES ACT SECTION 17-12A412(C). WITHOUT ADMITTING OR DENYING THE FINDINGS ( ) OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE KANSAS INSURANCE DEPARTMENT.
Other filed details
Description of allegations — filed text
PURSUANT TO KANSAS UNIFORM SECURITIES ACT SECTION 17-12A412(C), THE SECURITIES COMMISSIONER OF THE STATE OF KANSAS ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF KANSAS' INSURANCE DEPARTMENT. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) KANSAS SECURITIES COMMISSION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: DOCKET NO. 24 E 016 / KSC NO. 2024-6907 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO KANSAS UNIFORM SECURITIES ACT SECTION 17-12A412(C), THE SECURITIES COMMISSIONER OF THE STATE OF KANSAS ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF KANSAS' INSURANCE DEPARTMENT. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE SECURITIES COMMISSIONER OF THE STATE OF KANSAS FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF KANSAS UNIFORM SECURITIES ACT SECTION 17-12A412(C). WITHOUT ADMITTING OR DENYING THE FINDINGS ( ) OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE KANSAS INSURANCE DEPARTMENT.
regulatory · block 52PDF pages 143–144
- Regulator name — filed text
- DISTRICT OF COLUMBIA DEPARTMENT OF INSURANCE, SECURITIES AND BANKING
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE DEPARTMENT FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF D.C. OFFICIAL CODE § 315602.07 (A)(12) OF THE D.C. SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE D.C. TREASURER.
Other filed details
Description of allegations — filed text
PURSUANT TO D.C. OFFICIAL CODE § 315602.07 (A)(12) OF THE DISTRICT OF COLUMBIA SECURITIES ACT OF 2000 ("THE D.C. SECURITIES ACT"), THE COMMISSIONER OF THE D.C. DEPARTMENT OF INSURANCE, SECURITIES AND BANKING ("THE DEPARTMENT") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE D.C. TREASURER. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 8, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
DISTRICT OF COLUMBIA DEPARTMENT OF INSURANCE, SECURITIES AND BANKING
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
08/03/2023
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ORDER NO: SB-CO-04-23
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO D.C. OFFICIAL CODE § 315602.07 (A)(12) OF THE DISTRICT OF COLUMBIA SECURITIES ACT OF 2000 ("THE D.C. SECURITIES ACT"), THE
COMMISSIONER OF THE D.C. DEPARTMENT OF INSURANCE, SECURITIES AND BANKING ("THE DEPARTMENT") ALLEGED THAT, DURING THE PERIOD OF
APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE
OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE
SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/30/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE D.C. TREASURER. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY
8, 2025.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE DEPARTMENT FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-
DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF D.C.
OFFICIAL CODE § 315602.07 (A)(12) OF THE D.C. SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF
LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE D.C.
TREASURER.regulatory · block 53PDF pages 144–146
- Regulator name — filed text
- WISCONSIN DEPARTMENT OF FINANCIAL INSTITUTIONS, DIVISION OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF WIS. ADMIN. CODE § DFISEC. 4.05(2) OF THE ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 AND $15,000.00 IN INVESTIGATORY COSTS TO THE STATE OF WISCONSIN.
Other filed details
Description of allegations — filed text
PURSUANT TO WIS. ADMIN. CODE § DFISEC. 4.05(2) OF THE WISCONSIN UNIFORM SECURITIES LAW, CHAPTER 551 ("THE ACT"), THE WISCONSIN DEPARTMENT OF FINANCIAL INSTITUTIONS, DIVISION OF SECURITIES (THE "DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 AND $15,000.00 IN INVESTIGATORY COSTS TO THE STATE OF WISCONSIN. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 6, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
WISCONSIN DEPARTMENT OF FINANCIAL INSTITUTIONS, DIVISION OF SECURITIES
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
05/01/2018
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DFI CASE NO. S-248377 (LX)
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO WIS. ADMIN. CODE § DFISEC. 4.05(2) OF THE WISCONSIN UNIFORM SECURITIES LAW, CHAPTER 551 ("THE ACT"), THE WISCONSIN
DEPARTMENT OF FINANCIAL INSTITUTIONS, DIVISION OF SECURITIES (THE "DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY
1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A
SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED
EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/30/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 AND $15,000.00 IN INVESTIGATORY COSTS TO THE STATE OF WISCONSIN.
SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 6, 2025.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-
DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF WIS.
ADMIN. CODE § DFISEC. 4.05(2) OF THE ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN
THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 AND $15,000.00 IN INVESTIGATORY
COSTS TO THE STATE OF WISCONSIN.regulatory · block 54PDF pages 146–148
- Regulator name — filed text
- ATTORNEY GENERAL OF THE STATE OF NEW YORK INVESTOR PROTECTION BUREAU
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE BUREAU FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF EXECUTIVE LAW SECTION 63(15). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE BUREAU.
Other filed details
Description of allegations — filed text
PURSUANT TO EXECUTIVE LAW SECTION 63(15), THE ATTORNEY GENERAL OF THE STATE OF NEW YORK INVESTOR PROTECTION BUREAU ("BUREAU") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE BUREAU. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 30, 2024.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
ATTORNEY GENERAL OF THE STATE OF NEW YORK INVESTOR PROTECTION BUREAU
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
08/03/2023
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
NO. 24-097
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO EXECUTIVE LAW SECTION 63(15), THE ATTORNEY GENERAL OF THE STATE OF NEW YORK INVESTOR PROTECTION BUREAU ("BUREAU")
ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY
DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN
BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE
ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/20/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE BUREAU. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 30,
2024.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE BUREAU FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-
DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF
EXECUTIVE LAW SECTION 63(15). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT
ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE BUREAU.regulatory · block 55PDF pages 148–150
- Regulator name — filed text
- STATE OF NORTH DAKOTA SECURITIES DEPARTMENT
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE SECURITIES COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF N.D.C.C. § 100411(1)(M) OF THE NORTH DAKOTA SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE NORTH DAKOTA SECURITIES DEPARTMENT.
Other filed details
Description of allegations — filed text
PURSUANT TO N.D.C.C. § 100411(1)(M), THE NORTH DAKOTA SECURITIES COMMISSIONER, AS ADMINISTRATOR OF THE SECURITIES ACT (THE "SECURITIES COMMISSIONER"), ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE NORTH DAKOTA SECURITIES DEPARTMENT. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF NORTH DAKOTA SECURITIES DEPARTMENT 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: CRD #250 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO N.D.C.C. § 100411(1)(M), THE NORTH DAKOTA SECURITIES COMMISSIONER, AS ADMINISTRATOR OF THE SECURITIES ACT (THE "SECURITIES COMMISSIONER"), ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE NORTH DAKOTA SECURITIES DEPARTMENT. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE SECURITIES COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF N.D.C.C. § 100411(1)(M) OF THE NORTH DAKOTA SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE NORTH DAKOTA SECURITIES DEPARTMENT.
regulatory · block 56PDF pages 150–152
- Regulator name — filed text
- STATE OF UTAH DEPARTMENT OF COMMERCE DIVISION OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF § 61 1-6(2)(A)(II)(J) OF THE ACT. WITHOUT ADMITTING OR DENYING THEFINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THEDIVISION.
Other filed details
Description of allegations — filed text
PURSUANT TO § 6116(2)(A)(II)(J) OF THE UTAH UNIFORM SECURITIES ACT ("ACT"), THE UTAH DIVISION OF SECURITIES ("DIVISION") ALLEGED THAT, DURING THE PERIOD OFAPPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, (THE "INVESTIGATION PERIOD"), EDWARD JONES' PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OFCERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TOSERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE DIVISION. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 27, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF UTAH DEPARTMENT OF COMMERCE DIVISION OF SECURITIES
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
08/03/2023
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DOCKET NO.: SD-23-0031
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO § 6116(2)(A)(II)(J) OF THE UTAH UNIFORM SECURITIES ACT ("ACT"), THE UTAH DIVISION OF SECURITIES ("DIVISION") ALLEGED THAT,
DURING THE PERIOD OFAPPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, (THE "INVESTIGATION PERIOD"), EDWARD JONES' PROCEDURES WERE NOT
REASONABLY DESIGNED WITH RESPECT TO THE SALE OFCERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN
CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TOSERVE AS THEIR INVESTMENT ADVISER AND MANAGE
THOSE ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
01/16/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE DIVISION. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 27,
2025.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-
DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF § 61
1-6(2)(A)(II)(J) OF THE ACT. WITHOUT ADMITTING OR DENYING THEFINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT
ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THEDIVISION.regulatory · block 57PDF pages 152–153
- Regulator name — filed text
- TEXAS STATE SECURITIES BOARD
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF § 115.10(A)(1) OF THE BOARD RULES. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72, PLUS AN ADDITIONAL $15,000 FOR TEXAS SERVING AS THE LEAD STATE IN THIS MATTER THAT HAS SPANNED MULTIPLE STATES, TO THE STATE OF TEXAS.
Other filed details
Description of allegations — filed text
PURSUANT TO § 115.10(A)(1) OF 7 TEX. ADMIN. CODE §§101.1139.27 (2022) (TEX. STATE SEC. BD.) (THE "BOARD RULES"), THE TEXAS SECURITIES COMMISSIONER (THE "COMMISSIONER") AS ADMINISTRATOR OF THE TEXAS SECURITIES ACT ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF TEXAS. EDWARD JONES WILL ALSO PAY INVESTIGATORY COSTS OF $15,000. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) TEXAS STATE SECURITIES BOARD 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 05/01/2018 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: ORDER NO. IC-25-CAF-01 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO § 115.10(A)(1) OF 7 TEX. ADMIN. CODE §§101.1139.27 (2022) (TEX. STATE SEC. BD.) (THE "BOARD RULES"), THE TEXAS SECURITIES COMMISSIONER (THE "COMMISSIONER") AS ADMINISTRATOR OF THE TEXAS SECURITIES ACT ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF TEXAS. EDWARD JONES WILL ALSO PAY INVESTIGATORY COSTS OF $15,000. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF § 115.10(A)(1) OF THE BOARD RULES. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72, PLUS AN ADDITIONAL $15,000 FOR TEXAS SERVING AS THE LEAD STATE IN THIS MATTER THAT HAS SPANNED MULTIPLE STATES, TO THE STATE OF TEXAS.
regulatory · block 58PDF pages 153–155
- Regulator name — filed text
- U.S. VIRGIN ISLANDS DIVISION OF BANKING, INSURANCE, AND FINANCIAL REGULATION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE ADMINISTRATOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF TITLE 9 CH. 23 § 642(D)(9) OF THE VIC. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE GOVERNMENT OF THE U.S. VIRGIN ISLANDS.
Other filed details
Description of allegations — filed text
PURSUANT TO TITLE 9 CH. 23 § 642(D)(9) OF THE VIRGIN ISLANDS CODE ("VIC"), THE SECURITIES ADMINISTRATOR (THE "ADMINISTRATOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE GOVERNMENT OF THE U.S. VIRGIN ISLANDS. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2024.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
U.S. VIRGIN ISLANDS DIVISION OF BANKING, INSURANCE, AND FINANCIAL REGULATION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
08/03/2023
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DOCKET NO.: 2023-003
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
y
p
y
g
y
g
y
(
pp
)
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO TITLE 9 CH. 23 § 642(D)(9) OF THE VIRGIN ISLANDS CODE ("VIC"), THE SECURITIES ADMINISTRATOR (THE "ADMINISTRATOR") ALLEGED
THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY
DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN
BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE
ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/20/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE GOVERNMENT OF THE U.S. VIRGIN ISLANDS. SUCH PAYMENT WAS
MADE ON OR ABOUT JANUARY 10, 2024.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE ADMINISTRATOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A
BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION
OF TITLE 9 CH. 23 § 642(D)(9) OF THE VIC. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE
CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE GOVERNMENT OF THE U.S. VIRGIN
ISLANDS.regulatory · block 59PDF pages 155–157
- Regulator name — filed text
- STATE OF OKLAHOMA DEPARTMENT OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE ADMINISTRATOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF RULE 660:11-5-42(B)(22)(A) OF THE ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE OKLAHOMA STATE TREASURER.
Other filed details
Description of allegations — filed text
PURSUANT TO RULE 660:11-5-42(B)(22)(A)OF THE OKLAHOMA UNIFORM SECURITIES ACT OF 2004 (THE "ACT"), THE ADMINISTRATOR OF THE OKLAHOMA DEPARTMENT OF SECURITIES (THE "ADMINISTRATOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE OKLAHOMA STATE TREASURER. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 9, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF OKLAHOMA DEPARTMENT OF SECURITIES 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: ODS FILE 24-001 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO RULE 660:11-5-42(B)(22)(A)OF THE OKLAHOMA UNIFORM SECURITIES ACT OF 2004 (THE "ACT"), THE ADMINISTRATOR OF THE OKLAHOMA DEPARTMENT OF SECURITIES (THE "ADMINISTRATOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE OKLAHOMA STATE TREASURER. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 9, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE ADMINISTRATOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF RULE 660:11-5-42(B)(22)(A) OF THE ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE OKLAHOMA STATE TREASURER.
regulatory · block 60PDF pages 157–159
- Regulator name — filed text
- THE ARIZONA CORPORATION COMMISSION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE ARIZONA CORPORATION COMMISSION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF A.R.S. §§ 441961(A)(12) AND (B)(1) AND 442036. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE STATE OF ARIZONA.
Other filed details
Description of allegations — filed text
PURSUANT TO A.R.S. §§ 441961(A)(12) AND (B)(1) AND 442036, THE STATE OF ARIZONA'S CORPORATION COMMISSION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF ARIZONA. SUCH PAYMENT WAS MADE ON OR ABOUT FEBRUARY 14, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE ARIZONA CORPORATION COMMISSION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: S-21347A-25-0005 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO A.R.S. §§ 441961(A)(12) AND (B)(1) AND 442036, THE STATE OF ARIZONA'S CORPORATION COMMISSION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 02/19/2025 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF ARIZONA. SUCH PAYMENT WAS MADE ON OR ABOUT FEBRUARY 14, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE ARIZONA CORPORATION COMMISSION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF A.R.S. §§ 441961(A)(12) AND (B)(1) AND 442036. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE STATE OF ARIZONA.
regulatory · block 61PDF pages 159–161
- Regulator name — filed text
- THE STATE OF MINNESOTA, THE COMMISSIONER OF COMMERCE
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE STATE OF MINNESOTA, DEPARTMENT OF COMMERCE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF MINN. STAT. § 80A.67(D)(9) OF THE MINNESOTA SECURITIES ACT AND MINN. STAT. § 45.027 SUBD. 6 AND 7. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF MINNESOTA.
Other filed details
Description of allegations — filed text
PURSUANT TO MINN. STAT. § 80A.67(D)(9) OF THE MINNESOTA SECURITIES ACT AND MINN. STAT. § 45.027 SUBD. 6 AND 7, THE STATE OF MINNESOTA, COMMISSIONER OF COMMERCE ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF MINNESOTA.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE STATE OF MINNESOTA, THE COMMISSIONER OF COMMERCE 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 82356 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO MINN. STAT. § 80A.67(D)(9) OF THE MINNESOTA SECURITIES ACT AND MINN. STAT. § 45.027 SUBD. 6 AND 7, THE STATE OF MINNESOTA, COMMISSIONER OF COMMERCE ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/27/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF MINNESOTA. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE STATE OF MINNESOTA, DEPARTMENT OF COMMERCE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF MINN. STAT. § 80A.67(D)(9) OF THE MINNESOTA SECURITIES ACT AND MINN. STAT. § 45.027 SUBD. 6 AND 7. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF MINNESOTA.
regulatory · block 62PDF pages 161–163
- Regulator name — filed text
- OFFICE OF THE MISSISSIPPI SECRETARY OF STATE SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE OFFICE OF THE MISSISSIPPI SECRETARY OF STATE, SECURITIES DIVISION, FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 1 MISSISSIPPI ADMIN CODE PT. 14, R. 5.19. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE MISSISSIPPI SECRETARY OF STATE'S OFFICE.
Other filed details
Description of allegations — filed text
PURSUANT TO 1 MISSISSIPPI ADMIN CODE PT. 14, R. 5.19 OF THE MISSISSIPPI SECURITIES ACT, THE OFFICE OF THE MISSISSIPPI SECRETARY OF STATE, SECURITIES DIVISION, ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE MISSISSIPPI SECRETARY OF STATE'S OFFICE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) OFFICE OF THE MISSISSIPPI SECRETARY OF STATE SECURITIES DIVISION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: LS-23-6227 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO 1 MISSISSIPPI ADMIN CODE PT. 14, R. 5.19 OF THE MISSISSIPPI SECURITIES ACT, THE OFFICE OF THE MISSISSIPPI SECRETARY OF STATE, SECURITIES DIVISION, ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE MISSISSIPPI SECRETARY OF STATE'S OFFICE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE OFFICE OF THE MISSISSIPPI SECRETARY OF STATE, SECURITIES DIVISION, FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 1 MISSISSIPPI ADMIN CODE PT. 14, R. 5.19. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE MISSISSIPPI SECRETARY OF STATE'S OFFICE.
regulatory · block 63PDF pages 163–164
- Regulator name — filed text
- STATE OF NEW HAMPSHIRE BUREAU OF SECURITIES REGULATION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE BUREAU FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF NH RSA 421-B:4-401(F)(3)(B) OF THE NEW HAMPSHIRE UNIFORM SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE STATE OF NEW HAMPSHIRE.
Other filed details
Description of allegations — filed text
PURSUANT TO NH RSA 421-B:4-401(F)(3)(B), THE STATE OF NEW HAMPSHIRE BUREAU OF SECURITIES REGULATION (THE "BUREAU") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF NEW HAMPSHIRE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF NEW HAMPSHIRE BUREAU OF SECURITIES REGULATION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: I-2023-000027 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO NH RSA 421-B:4-401(F)(3)(B), THE STATE OF NEW HAMPSHIRE BUREAU OF SECURITIES REGULATION (THE "BUREAU") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/24/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF NEW HAMPSHIRE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE BUREAU FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF NH RSA 421-B:4-401(F)(3)(B) OF THE NEW HAMPSHIRE UNIFORM SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE STATE OF NEW HAMPSHIRE.
regulatory · block 64PDF pages 164–166
- Regulator name — filed text
- STATE OF OREGON DEPARTMENT OF CONSUMER AND BUSINESS SERVICES DIVISION OF FINANCIAL REGULATION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE DIRECTOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF OAR 660:11-5-42(B)(22)(A). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE OREGON DEPARTMENT OF CONSUMER & BUSINESS SERVICES.
Other filed details
Description of allegations — filed text
PURSUANT TO OREGON ADMINISTRATIVE RULE ("OAR") 660:11-5-42(B)(22)(A), THE DIRECTOR OF THE DEPARTMENT OF CONSUMER AND BUSINESS SERVICES ("DIRECTOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE OREGON DEPARTMENT OF CONSUMER & BUSINESS SERVICES. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 30, 2024.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF OREGON DEPARTMENT OF CONSUMER AND BUSINESS SERVICES DIVISION OF FINANCIAL REGULATION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
08/03/2023
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
CASE NO. S-23-0046
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO OREGON ADMINISTRATIVE RULE ("OAR") 660:11-5-42(B)(22)(A), THE DIRECTOR OF THE DEPARTMENT OF CONSUMER AND BUSINESS
SERVICES ("DIRECTOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES
WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS
PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER
AND MANAGE THOSE ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/26/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE OREGON DEPARTMENT OF CONSUMER & BUSINESS SERVICES. SUCH
PAYMENT WAS MADE ON OR ABOUT DECEMBER 30, 2024.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE DIRECTOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-
DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF OAR
660:11-5-42(B)(22)(A). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER,
EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE OREGON DEPARTMENT OF CONSUMER & BUSINESS
SERVICES.regulatory · block 65PDF pages 166–168
- Regulator name — filed text
- COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE DEPARTMENT FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF 10 PA. CODE § 305.011 (A). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE DEPARTMENT OF BANKING AND SECURITIES.
Other filed details
Description of allegations — filed text
PURSUANT TO 10 PA. CODE § 305.011 (A), THE DEPARTMENT OF BANKING AND SECURITIES ("DEPARTMENT") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE DEPARTMENT OF BANKING AND SECURITIES. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
08/03/2023
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DOCKET NO. 240047 (SEC-CAO)
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO 10 PA. CODE § 305.011 (A), THE DEPARTMENT OF BANKING AND SECURITIES ("DEPARTMENT") ALLEGED THAT, DURING THE PERIOD OF
APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE
OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE
SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/20/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE DEPARTMENT OF BANKING AND SECURITIES. SUCH PAYMENT WAS
MADE ON OR ABOUT JANUARY 10, 2025.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE DEPARTMENT FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-
DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF 10 PA.
CODE § 305.011 (A). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER,
EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE DEPARTMENT OF BANKING AND SECURITIES.regulatory · block 66PDF pages 168–170
- Regulator name — filed text
- COMMONWEALTH OF PUERTO RICO OFFICE OF THE COMMISSIONER OF FINANCIAL INSTITUTIONS
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF ARTICLE 204(A)(2)(J) OF PRUSA AND REGULATION 6078. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE DEPARTMENT OF TREASURY OF THE COMMONWEALTH OF PUERTO RICO.
Other filed details
Description of allegations — filed text
PURSUANT TO ARTICLE 204(A)(2)(J) OF PUERTO RICO UNIFORM SECURITIES ACT ("PRUSA") AND ARTICLE 28 OF REGULATION NO. 6078 OF JANUARY 19, 2000, AS AMENDED, KNOWN AS "REGULATION UNDER THE UNIFORM SECURITIES ACT" ("REGULATION 6078"), THE OFFICE OF THE COMMISSIONER OF FINANCIAL INSTITUTIONS ACT (THE "COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE DEPARTMENT OF TREASURY OF THE COMMONWEALTH OF PUERTO RICO. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
COMMONWEALTH OF PUERTO RICO OFFICE OF THE COMMISSIONER OF FINANCIAL INSTITUTIONS
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
08/03/2023
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
CRD #250
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO ARTICLE 204(A)(2)(J) OF PUERTO RICO UNIFORM SECURITIES ACT ("PRUSA") AND ARTICLE 28 OF REGULATION NO. 6078 OF JANUARY 19,
2000, AS AMENDED, KNOWN AS "REGULATION UNDER THE UNIFORM SECURITIES ACT" ("REGULATION 6078"), THE OFFICE OF THE COMMISSIONER OF
FINANCIAL INSTITUTIONS ACT (THE "COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE
BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS
RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE
AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/20/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE DEPARTMENT OF TREASURY OF THE COMMONWEALTH OF PUERTO
RICO. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A
BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION
OF ARTICLE 204(A)(2)(J) OF PRUSA AND REGULATION 6078. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET
FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE DEPARTMENT OF
TREASURY OF THE COMMONWEALTH OF PUERTO RICO.regulatory · block 67PDF pages 170–172
- Regulator name — filed text
- STATE OF RHODE ISLAND DEPARTMENT OF BUSINESS REGULATION SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE DIRECTOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF R.I. GEN. LAWS § 711212(B)(11). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE GENERAL FUND OF THE STATE OF RHODE ISLAND.
Other filed details
Description of allegations — filed text
PURSUANT TO R.I. GEN. LAWS § 711212(B)(11), THE DIRECTOR OF THE DEPARTMENT OF BUSINESS REGULATION ("DIRECTOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE GENERAL FUND OF THE STATE OF RHODE ISLAND. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF RHODE ISLAND DEPARTMENT OF BUSINESS REGULATION SECURITIES DIVISION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
08/03/2023
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DBR NO. 2023-SC-003
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO R.I. GEN. LAWS § 711212(B)(11), THE DIRECTOR OF THE DEPARTMENT OF BUSINESS REGULATION ("DIRECTOR") ALLEGED THAT,
DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED
WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE
CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/20/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE GENERAL FUND OF THE STATE OF RHODE ISLAND. SUCH PAYMENT
WAS MADE ON OR ABOUT JANUARY 7, 2025.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE DIRECTOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-
DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF R.I.
GEN. LAWS § 711212(B)(11). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT
ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE GENERAL FUND OF THE STATE OF RHODE
ISLAND.regulatory · block 68PDF pages 172–173
- Regulator name — filed text
- THE INDIANA OFFICE OF THE SECRETARY OF STATE SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE INDIANA SECURITIES DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 710 I.A.C. SECTION 4-7-6(D)(1) OF THE INDIANA UNIFORM SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO STATE OF INDIANA SECRETARY OF STATE NOTARY. FURTHERMORE, AS INDIANA SERVED AS A LEAD STATE IN THIS MATTER, EDWARD JONES WILL ALSO PAY AN ADDITIONAL $15,000.00 PAYABLE FOR INVESTIGATORY COSTS.
Other filed details
Description of allegations — filed text
PURSUANT TO 710 I.A.C. SECTION 4-7-6(D)(1) OF THE INDIANA UNIFORM SECURITIES ACT, THE INDIANA SECURITIES DIVISION AS ADMINISTRATOR OF THE INDIANA SECURITIES ACT ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF INDIANA SECRETARY OF STATE NOTARY. FURTHERMORE, AS INDIANA SERVED AS A LEAD STATE IN THIS MATTER, EDWARD JONES WILL ALSO PAY AN ADDITIONAL $15,000.00 PAYABLE FOR INVESTIGATORY COSTS. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE INDIANA OFFICE OF THE SECRETARY OF STATE SECURITIES DIVISION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 05/01/2018 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 23-0017 CA 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO 710 I.A.C. SECTION 4-7-6(D)(1) OF THE INDIANA UNIFORM SECURITIES ACT, THE INDIANA SECURITIES DIVISION AS ADMINISTRATOR OF THE INDIANA SECURITIES ACT ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF INDIANA SECRETARY OF STATE NOTARY. FURTHERMORE, AS INDIANA SERVED AS A LEAD STATE IN THIS MATTER, EDWARD JONES WILL ALSO PAY AN ADDITIONAL $15,000.00 PAYABLE FOR INVESTIGATORY COSTS. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE INDIANA SECURITIES DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 710 I.A.C. SECTION 4-7-6(D)(1) OF THE INDIANA UNIFORM SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO STATE OF INDIANA SECRETARY OF STATE NOTARY. FURTHERMORE, AS INDIANA SERVED AS A LEAD STATE IN THIS MATTER, EDWARD JONES WILL ALSO PAY AN ADDITIONAL $15,000.00 PAYABLE FOR INVESTIGATORY COSTS.
regulatory · block 69PDF pages 173–175
- Regulator name — filed text
- SECURITIES COMMISSIONER OF SOUTH CAROLINA
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE SECURITIES COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF S.C. CODE ANN. § 351412(D)(9). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE OFFICE OF THE ATTORNEY GENERAL OF THE STATE OF SOUTH CAROLINA.
Other filed details
Description of allegations — filed text
PURSUANT TO S.C. CODE ANN. § 351412(D)(9), THE SECURITIES COMMISSIONER OF SOUTH CAROLINA (THE "SECURITIES COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE OFFICE OF THE ATTORNEY GENERAL OF THE STATE OF SOUTH CAROLINA. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 26, 2024.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) SECURITIES COMMISSIONER OF SOUTH CAROLINA 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: MATTER NO. 20233326 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): y p y g y g y ( pp ) 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO S.C. CODE ANN. § 351412(D)(9), THE SECURITIES COMMISSIONER OF SOUTH CAROLINA (THE "SECURITIES COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE OFFICE OF THE ATTORNEY GENERAL OF THE STATE OF SOUTH CAROLINA. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 26, 2024. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE SECURITIES COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF S.C. CODE ANN. § 351412(D)(9). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE OFFICE OF THE ATTORNEY GENERAL OF THE STATE OF SOUTH CAROLINA.
regulatory · block 70PDF pages 175–177
- Regulator name — filed text
- STATE OF SOUTH DAKOTA DEPARTMENT OF LABOR AND REGULATION, DIVISION OF INSURANCE
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE DIRECTOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF ARSD 20:08:03:01(2)(B). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE STATE OF SOUTH DAKOTA.
Other filed details
Description of allegations — filed text
PURSUANT TO ARSD 20:08:03:01(2)(B), THE DIRECTOR OF THE DIVISION OF INSURANCE (THE "DIRECTOR") AS ADMINISTRATOR OF THE SOUTH DAKOTA SECURITIES ACT ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF SOUTH DAKOTA. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF SOUTH DAKOTA DEPARTMENT OF LABOR AND REGULATION, DIVISION OF INSURANCE 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: CRD #250 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO ARSD 20:08:03:01(2)(B), THE DIRECTOR OF THE DIVISION OF INSURANCE (THE "DIRECTOR") AS ADMINISTRATOR OF THE SOUTH DAKOTA SECURITIES ACT ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF SOUTH DAKOTA. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE DIRECTOR FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF ARSD 20:08:03:01(2)(B). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE STATE OF SOUTH DAKOTA.
regulatory · block 71PDF pages 177–179
- Regulator name — filed text
- STATE OF OHIO DEPARTMENT OF COMMERCE DIVISION OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE OHIO DIVISION OF SECURITIES FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF O.A.C. §1301:6319(B)(9) OF THE OHIO ADMINISTRATIVE CODE. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE OHIO INVESTOR EDUCATION AND ENFORCEMENT EXPENSE FUND.
Other filed details
Description of allegations — filed text
PURSUANT TO O.A.C. §1301:6319(B)(9), THE OHIO DIVISION OF SECURITIES ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE OHIO INVESTOR EDUCATION AND ENFORCEMENT EXPENSE FUND. EDWARD JONES WILL ALSO PAY INVESTIGATORY COSTS OF $15,000. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF OHIO DEPARTMENT OF COMMERCE DIVISION OF SECURITIES 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 05/01/2018 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: DIVISION ORDER NO.: 25-001 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO O.A.C. §1301:6319(B)(9), THE OHIO DIVISION OF SECURITIES ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 01/08/2025 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE OHIO INVESTOR EDUCATION AND ENFORCEMENT EXPENSE FUND. EDWARD JONES WILL ALSO PAY INVESTIGATORY COSTS OF $15,000. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 16, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE OHIO DIVISION OF SECURITIES FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF O.A.C. §1301:6319(B)(9) OF THE OHIO ADMINISTRATIVE CODE. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE OHIO INVESTOR EDUCATION AND ENFORCEMENT EXPENSE FUND.
regulatory · block 72PDF pages 179–181
- Regulator name — filed text
- FINRA
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Action status / disposition — filed text
ON DECEMBER 20, 2024, EDWARD JONES ENTERED INTO AN AWC WITH FINRA WITHOUT ADMITTING OR DENYING THE FINDINGS. EDWARD JONES AGREED TO A CENSURE AND TO PAY RESTITUTION IN THE AMOUNT OF $4,440,979 PLUS INTEREST.
Other filed details
Description of allegations — filed text
FINRA ALLEGED THAT, BETWEEN JANUARY 2015 AND JUNE 2020, EDWARD JONES VIOLATED FINRA RULES 3110(A) AND 2010 BY FAILING TO ESTABLISH AND MAINTAIN A SYSTEM REASONABLY DESIGNED TO SUPERVISE THE APPLICATION OF SALES CHARGE WAIVERS AND FEE REBATES TO WHICH CUSTOMERS WERE ENTITLED THROUGH RIGHTS OF REINSTATEMENT OFFERED BY MUTUAL FUND COMPANIES. FINRA FURTHER ALLEGED THAT, AS A RESULT, CUSTOMERS PAID $4,440,979 IN EXCESS SALES CHARGES AND FEES BETWEEN JANUARY 2015 AND JUNE 2020.
Sanction detail — filed text
EDWARD JONES WAS CENSURED AND ORDERED TO PAY RESTITUTION TO CUSTOMERS IN THE AMOUNT OF $4,440,979 PLUS INTEREST. THE FIRM MUST PROVIDE FINRA WITH PROOF OF PAYMENT, OR DOCUMENTED EFFORTS UNDERTAKEN TO EFFECT RESTITUTION, WITHIN 180 DAYS OF DECEMBER 20, 2024.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Censure Other Sanctions: RESTITUTION 3. Date Initiated (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2021069467101 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): FINRA ALLEGED THAT, BETWEEN JANUARY 2015 AND JUNE 2020, EDWARD JONES VIOLATED FINRA RULES 3110(A) AND 2010 BY FAILING TO ESTABLISH AND MAINTAIN A SYSTEM REASONABLY DESIGNED TO SUPERVISE THE APPLICATION OF SALES CHARGE WAIVERS AND FEE REBATES TO WHICH CUSTOMERS WERE ENTITLED THROUGH RIGHTS OF REINSTATEMENT OFFERED BY MUTUAL FUND COMPANIES. FINRA FURTHER ALLEGED THAT, AS A RESULT, CUSTOMERS PAID $4,440,979 IN EXCESS SALES CHARGES AND FEES BETWEEN JANUARY 2015 AND JUNE 2020. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES WAS CENSURED AND ORDERED TO PAY RESTITUTION TO CUSTOMERS IN THE AMOUNT OF $4,440,979 PLUS INTEREST. THE FIRM MUST PROVIDE FINRA WITH PROOF OF PAYMENT, OR DOCUMENTED EFFORTS UNDERTAKEN TO EFFECT RESTITUTION, WITHIN 180 DAYS OF DECEMBER 20, 2024. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). ON DECEMBER 20, 2024, EDWARD JONES ENTERED INTO AN AWC WITH FINRA WITHOUT ADMITTING OR DENYING THE FINDINGS. EDWARD JONES AGREED TO A CENSURE AND TO PAY RESTITUTION IN THE AMOUNT OF $4,440,979 PLUS INTEREST.
regulatory · block 73PDF pages 181–182
- Regulator name — filed text
- THE ALASKA DEPARTMENT OF COMMERCE, COMMUNITY, AN ECONOMIC DEVELOPMENT DIVISION OF BANKING AND SECURITIES
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE STATE OF ALASKA DEPARTMENT OF COMMERCE, COMMUNITY, AND ECONOMIC DEVELOPMENT DIVISION OF BANKING AND SECURITIES COMMISSION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 3 AAC 08.030(A)(2). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF ALASKA.
Other filed details
Description of allegations — filed text
PURSUANT TO ALASKA STATUTE 3 AAC 08.030(A)(2) THE STATE OF ALASKA DEPARTMENT OF COMMERCE, COMMUNITY, AND ECONOMIC DEVELOPMENT DIVISION OF BANKING AND SECURITIES ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018 (THE "INVESTIGATION PERIOD"), EDWARD JONES' PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF ALASKA. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE ALASKA DEPARTMENT OF COMMERCE, COMMUNITY, AN ECONOMIC DEVELOPMENT DIVISION OF BANKING AND SECURITIES 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 23-106-S 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO ALASKA STATUTE 3 AAC 08.030(A)(2) THE STATE OF ALASKA DEPARTMENT OF COMMERCE, COMMUNITY, AND ECONOMIC DEVELOPMENT DIVISION OF BANKING AND SECURITIES ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018 (THE "INVESTIGATION PERIOD"), EDWARD JONES' PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF ALASKA. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE STATE OF ALASKA DEPARTMENT OF COMMERCE, COMMUNITY, AND ECONOMIC DEVELOPMENT DIVISION OF BANKING AND SECURITIES COMMISSION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 3 AAC 08.030(A)(2). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF ALASKA.
regulatory · block 74PDF pages 183–184
- Regulator name — filed text
- STATE OF CONNECTICUT'S DEPARTMENT OF BANKING SECURITIES AND BUSINESS INVESTMENTS DIVISION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
STATE OF CONNECTICUT'S DEPARTMENT OF BANKING SECURITIES AND BUSINESS INVESTMENTS DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION 36B-31-6F(B) OF THE REGULATIONS OF CONNECTICUT STATE AGENCIES. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE TREASURER, STATE OF CONNECTICUT. EDWARD JONES WILL ADDITIONALLY PAY $15,000.00 FOR INVESTIGATORY COSTS.
Other filed details
Description of allegations — filed text
PURSUANT TO SECTION 36B-31-6F(B) OF THE REGULATIONS OF CONNECTICUT STATE AGENCIES, THE STATE OF CONNECTICUT'S DEPARTMENT OF BANKING SECURITIES AND BUSINESS INVESTMENTS DIVISION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE TREASURER, STATE OF CONNECTICUT . EDWARD JONES WILL ALSO PAY $15,000.00 FOR INVESTIGATORY COSTS. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 26, 2024.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF CONNECTICUT'S DEPARTMENT OF BANKING SECURITIES AND BUSINESS INVESTMENTS DIVISION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 05/01/2018 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: CO-23-11056-S 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO SECTION 36B-31-6F(B) OF THE REGULATIONS OF CONNECTICUT STATE AGENCIES, THE STATE OF CONNECTICUT'S DEPARTMENT OF BANKING SECURITIES AND BUSINESS INVESTMENTS DIVISION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE TREASURER, STATE OF CONNECTICUT . EDWARD JONES WILL ALSO PAY $15,000.00 FOR INVESTIGATORY COSTS. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 26, 2024. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). STATE OF CONNECTICUT'S DEPARTMENT OF BANKING SECURITIES AND BUSINESS INVESTMENTS DIVISION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION 36B-31-6F(B) OF THE REGULATIONS OF CONNECTICUT STATE AGENCIES. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE TREASURER, STATE OF CONNECTICUT. EDWARD JONES WILL ADDITIONALLY PAY $15,000.00 FOR INVESTIGATORY COSTS.
regulatory · block 75PDF pages 184–186
- Regulator name — filed text
- STATE OF HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF HAWAII REVISED STATUTES § 485A412(D)(9). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE GENERAL FUND OF THE STATE OF HAWAII.
Other filed details
Description of allegations — filed text
PURSUANT TO HAWAII REVISED STATUTES § 485A412(D)(9) THE HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE GENERAL FUND OF THE STATE OF HAWAII. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: SEB20230062 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO HAWAII REVISED STATUTES § 485A412(D)(9) THE HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE GENERAL FUND OF THE STATE OF HAWAII. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF HAWAII REVISED STATUTES § 485A412(D)(9). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE GENERAL FUND OF THE STATE OF HAWAII.
regulatory · block 76PDF pages 186–188
- Regulator name — filed text
- THE DEPARTMENT OF FINANCE OF THE STATE OF IDAHO
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE IDAHO DEPARTMENT OF FINANCE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF IDAHO ADMINISTRATIVE PROCEDURES ACT RULE 12.01.08.105.03. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE GENERAL FUND OF THE FINANCE DEPARTMENT OF IDAHO.
Other filed details
Description of allegations — filed text
PURSUANT TO IDAHO ADMINISTRATIVE PROCEDURES ACT RULE 12.01.08.105.03 THE IDAHO DEPARTMENT OF FINANCE ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE GENERAL FUND OF THE FINANCE DEPARTMENT OF IDAHO. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE DEPARTMENT OF FINANCE OF THE STATE OF IDAHO 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2023-7-06 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO IDAHO ADMINISTRATIVE PROCEDURES ACT RULE 12.01.08.105.03 THE IDAHO DEPARTMENT OF FINANCE ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE GENERAL FUND OF THE FINANCE DEPARTMENT OF IDAHO. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 7, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE IDAHO DEPARTMENT OF FINANCE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF IDAHO ADMINISTRATIVE PROCEDURES ACT RULE 12.01.08.105.03. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE GENERAL FUND OF THE FINANCE DEPARTMENT OF IDAHO.
regulatory · block 77PDF pages 188–190
- Regulator name — filed text
- THE ILLINOIS SECURITIES DEPARTMENT
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE ILLINOIS SECURITIES DEPARTMENT FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF SECTION 8.E(1)(E)(IV) OF THE ILLINOIS SECURITIES LAW OF 1953. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE ILLINOIS SECURITIES DEPARTMENT.
Other filed details
Description of allegations — filed text
PURSUANT TO SECTION 8.E(1)(E)(IV) OF THE ILLINOIS SECURITIES LAW OF 1953, THE ILLINOIS SECURITIES DIVISION AS ADMINISTRATOR OF THE ILLINOIS SECURITIES LAW, ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE ILLINOIS OFFICE OF THE SECRETARY OF STATE. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 30, 2024.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE ILLINOIS SECURITIES DEPARTMENT 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: FILE NO. 2300475 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO SECTION 8.E(1)(E)(IV) OF THE ILLINOIS SECURITIES LAW OF 1953, THE ILLINOIS SECURITIES DIVISION AS ADMINISTRATOR OF THE ILLINOIS SECURITIES LAW, ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE ILLINOIS OFFICE OF THE SECRETARY OF STATE. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 30, 2024. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE ILLINOIS SECURITIES DEPARTMENT FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF SECTION 8.E(1)(E)(IV) OF THE ILLINOIS SECURITIES LAW OF 1953. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE ILLINOIS SECURITIES DEPARTMENT.
regulatory · block 78PDF pages 190–192
- Regulator name — filed text
- STATE OF WEST VIRGINIA, WEST VIRGINIA SECURITIES COMMISSION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE SECURITIES COMMISSION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF § 322204(A)(2)(J) OF THE SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE STATE OF WEST VIRGINIA.
Other filed details
Description of allegations — filed text
PURSUANT TO § 322204(A)(2)(J) OF THE WEST VIRGINIA UNIFORM SECURITIES ACT (THE "SECURITIES ACT"), THE WEST VIRGINIA SECURITIES COMMISSION (THE "SECURITIES COMMISSION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER- DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF WEST VIRGINIA. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 24, 2024.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF WEST VIRGINIA, WEST VIRGINIA SECURITIES COMMISSION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: MATTER NO. 23-0071 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO § 322204(A)(2)(J) OF THE WEST VIRGINIA UNIFORM SECURITIES ACT (THE "SECURITIES ACT"), THE WEST VIRGINIA SECURITIES COMMISSION (THE "SECURITIES COMMISSION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER- DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE STATE OF WEST VIRGINIA. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 24, 2024. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE SECURITIES COMMISSION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF § 322204(A)(2)(J) OF THE SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE STATE OF WEST VIRGINIA.
regulatory · block 79PDF pages 192–193
- Regulator name — filed text
- THE GEORGIA COMMISSIONER OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE COMMISSIONER OF SECURITIES OF THE STATE OF GEORGIA FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF O.C.G.A. RULE 590-4-5-.12. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE GEORGIA SECRETARY OF STATE REVENUE.
Other filed details
Description of allegations — filed text
PURSUANT, TO RULE 590-4-5-.12 OF THE GEORGIA UNIFORM SECURITIES ACT, THE COMMISSIONER OF SECURITIES OF THE STATE OF GEORGIA ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE GEORGIA SECRETARY OF STATE REVENUE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE GEORGIA COMMISSIONER OF SECURITIES 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) ( ) ( ) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: ENSC-241123 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT, TO RULE 590-4-5-.12 OF THE GEORGIA UNIFORM SECURITIES ACT, THE COMMISSIONER OF SECURITIES OF THE STATE OF GEORGIA ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE GEORGIA SECRETARY OF STATE REVENUE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE COMMISSIONER OF SECURITIES OF THE STATE OF GEORGIA FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF O.C.G.A. RULE 590-4-5-.12. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE GEORGIA SECRETARY OF STATE REVENUE.
regulatory · block 80PDF pages 193–195
- Regulator name — filed text
- THE DELAWARE INVESTOR PROTECTION UNIT
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE INVESTOR PROTECTION DIRECTOR OF THE STATE OF DELAWARE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF RULE 609(B)(4)(A) OF THE DELAWARE SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE INVESTOR PROTECTION FUND OF THE STATE OF DELAWARE.
Other filed details
Description of allegations — filed text
PURSUANT, TO RULE 609(B)(4)(A) OF THE RULES PURSUANT TO THE DELAWARE SECURITIES ACT, THE INVESTOR PROTECTION DIRECTOR OF THE STATE OF DELAWARE ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF DELAWARE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE DELAWARE INVESTOR PROTECTION UNIT 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 23-0136 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT, TO RULE 609(B)(4)(A) OF THE RULES PURSUANT TO THE DELAWARE SECURITIES ACT, THE INVESTOR PROTECTION DIRECTOR OF THE STATE OF DELAWARE ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE STATE OF DELAWARE. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE INVESTOR PROTECTION DIRECTOR OF THE STATE OF DELAWARE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF RULE 609(B)(4)(A) OF THE DELAWARE SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE INVESTOR PROTECTION FUND OF THE STATE OF DELAWARE.
regulatory · block 81PDF pages 195–197
- Regulator name — filed text
- STATE OF VERMONT DEPARTMENT OF FINANCIAL REGULATION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF V.S.R. § 22 OF THE ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $272,641.52 TO THE DEPARTMENT OF FINANCIAL REGULATION, AS WELL AS PROVIDING A CONTRIBUTION OF $48,113.20 TO THE VERMONT FINANCIAL SERVICES EDUCATION AND VICTIM RESTITUTION SPECIAL FUND.
Other filed details
Description of allegations — filed text
PURSUANT TO V.S.R. § 22 OF THE VERMONT UNIFORM SECURITIES ACT ("ACT"), THE COMMISSIONER OF FINANCIAL REGULATION (THE "COMMISSIONER") FOR THE STATE OF VERMONT ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER- DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $272,641.52 TO THE DEPARTMENT OF FINANCIAL REGULATION, AS WELL AS PROVIDING A CONTRIBUTION OF $48,113.20 TO THE VERMONT FINANCIAL SERVICES EDUCATION AND VICTIM RESTITUTION SPECIAL FUND. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 3, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF VERMONT DEPARTMENT OF FINANCIAL REGULATION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
08/03/2023
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DOCKET NO. 23-016-S
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
PURSUANT TO V.S.R. § 22 OF THE VERMONT UNIFORM SECURITIES ACT ("ACT"), THE COMMISSIONER OF FINANCIAL REGULATION (THE
"COMMISSIONER") FOR THE STATE OF VERMONT ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-
DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE
FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR
INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/20/2024
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 320,754.72
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $272,641.52 TO THE DEPARTMENT OF FINANCIAL REGULATION, AS WELL AS PROVIDING A
CONTRIBUTION OF $48,113.20 TO THE VERMONT FINANCIAL SERVICES EDUCATION AND VICTIM RESTITUTION SPECIAL FUND. SUCH PAYMENT
WAS MADE ON OR ABOUT JANUARY 3, 2025.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
THE COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A
BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION
OF V.S.R. § 22 OF THE ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT
ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $272,641.52 TO THE DEPARTMENT OF FINANCIAL REGULATION, AS
WELL AS PROVIDING A CONTRIBUTION OF $48,113.20 TO THE VERMONT FINANCIAL SERVICES EDUCATION AND VICTIM RESTITUTION SPECIAL FUND.regulatory · block 82PDF pages 197–199
- Regulator name — filed text
- THE ENFORCEMENT SECTION OF THE MISSOURI SECURITIES DIVISION OF THE OFFICE OF SECRETARY OF STATE
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE ENFORCEMENT SECTION OF THE MISSOURI SECURITIES DIVISION OF THE OFFICE OF SECRETARY OF STATE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 15 CSR 30-51.171(2)(A) OF THE MISSOURI SECURITIES ACT OF 2003. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE MISSOURI SECRETARY OF STATE INVESTOR EDUCATION AND PROTECTION FUND.
Other filed details
Description of allegations — filed text
PURSUANT TO 15 CSR 30-51.171(2)(A) OF THE MISSOURI SECURITIES ACT OF 2003, THE ENFORCEMENT SECTION OF THE MISSOURI SECURITIES DIVISION OF THE OFFICE OF SECRETARY OF STATE ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE MISSOURI SECRETARY OF STATE INVESTOR EDUCATION AND PROTECTION FUND. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 17, 2024.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). g y g y ( ) If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE ENFORCEMENT SECTION OF THE MISSOURI SECURITIES DIVISION OF THE OFFICE OF SECRETARY OF STATE 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 05/01/2018 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: AP-23-18 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO 15 CSR 30-51.171(2)(A) OF THE MISSOURI SECURITIES ACT OF 2003, THE ENFORCEMENT SECTION OF THE MISSOURI SECURITIES DIVISION OF THE OFFICE OF SECRETARY OF STATE ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/19/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 PAYABLE TO THE MISSOURI SECRETARY OF STATE INVESTOR EDUCATION AND PROTECTION FUND. SUCH PAYMENT WAS MADE ON OR ABOUT DECEMBER 17, 2024. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE ENFORCEMENT SECTION OF THE MISSOURI SECURITIES DIVISION OF THE OFFICE OF SECRETARY OF STATE FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF 15 CSR 30-51.171(2)(A) OF THE MISSOURI SECURITIES ACT OF 2003. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE MISSOURI SECRETARY OF STATE INVESTOR EDUCATION AND PROTECTION FUND.
regulatory · block 83PDF pages 199–201
- Regulator name — filed text
- THE IOWA INSURANCE DIVISION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE IOWA INSURANCE COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF IOWA CODE § 502.412(4)(I). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE IOWA INSURANCE DIVISION'S ENFORCEMENT FUND.
Other filed details
Description of allegations — filed text
PURSUANT TO IOWA CODE § 502.412(4)(I), THE IOWA INSURANCE DIVISION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE IOWA INSURANCE DIVISION'S ENFORCEMENT FUND. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) THE IOWA INSURANCE DIVISION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: CASE NO. 119293 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO IOWA CODE § 502.412(4)(I), THE IOWA INSURANCE DIVISION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018, THE BROKER-DEALER'S PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2024 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE IOWA INSURANCE DIVISION'S ENFORCEMENT FUND. SUCH PAYMENT WAS MADE ON OR ABOUT JANUARY 10, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE IOWA INSURANCE COMMISSIONER FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER-DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED A VIOLATION OF IOWA CODE § 502.412(4)(I). WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACT OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 PAYABLE TO THE IOWA INSURANCE DIVISION'S ENFORCEMENT FUND.
regulatory · block 84Bjerke, Justin, MichaelPDF pages 201–202
- Advisory affiliate name — filed text
- Bjerke, Justin, Michael
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 5870149 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Bjerke, Justin, Michael (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 85PDF pages 202–204
- Regulator name — filed text
- COMMONWEALTH OF VIRGINIA STATE CORPORATION COMMISSION
- Monetary/Fine Amount — filed text
- $ 320,754.72
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THE COMMISSION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF 21 VAC-5-20-260 OF THE ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE TREASURER OF VIRGINIA.
Other filed details
Description of allegations — filed text
PURSUANT TO 21 VAC-5-20-260 OF THE VIRGINIA SECURITIES ACT (THE "ACT"), THE VIRGINIA STATE CORPORATION COMMISSION (THE "COMMISSION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018 (THE "INVESTIGATION PERIOD"), EDWARD JONES PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE TREASURER OF VIRGINIA. SUCH PAYMENT WAS MADE ON OR ABOUT FEBRUARY 27, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) COMMONWEALTH OF VIRGINIA STATE CORPORATION COMMISSION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 08/03/2023 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: CASE NO. SEC-2024-00016 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): PURSUANT TO 21 VAC-5-20-260 OF THE VIRGINIA SECURITIES ACT (THE "ACT"), THE VIRGINIA STATE CORPORATION COMMISSION (THE "COMMISSION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY JULY 1, 2016 TO JUNE 3, 2018 (THE "INVESTIGATION PERIOD"), EDWARD JONES PROCEDURES WERE NOT REASONABLY DESIGNED WITH RESPECT TO THE SALE OF CERTAIN CLASS A SHARE MUTUAL FUNDS RELATIVE TO THE FEE OFFSETS PROVIDED WHEN CERTAIN BROKERAGE CUSTOMERS HOLDING THOSE SECURITIES ENGAGED EDWARD JONES TO SERVE AS THEIR INVESTMENT ADVISER AND MANAGE THOSE ASSETS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 02/18/2025 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 320,754.72 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A MONETARY FINE OF $320,754.72 TO THE TREASURER OF VIRGINIA. SUCH PAYMENT WAS MADE ON OR ABOUT FEBRUARY 27, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE COMMISSION FOUND THAT EDWARD JONES DID NOT HAVE REASONABLY DESIGNED PROCEDURES WITH RESPECT TO ITS ACTIVITIES AS A BROKER- DEALER DURING THE INVESTIGATION PERIOD THAT WOULD HAVE DETECTED THE CONDUCT ALLEGED, WHICH CONSTITUTED AS A VIOLATION OF 21 VAC-5-20-260 OF THE ACT. WITHOUT ADMITTING OR DENYING THE FINDINGS OF FACTS OR CONCLUSIONS OF LAW SET FORTH IN THE CONSENT ORDER, EDWARD JONES AGREED TO PAY AN ADMINISTRATIVE MONETARY FINE OF $320,754.72 TO THE TREASURER OF VIRGINIA.
regulatory · block 86PDF pages 204–206
- Regulator name — filed text
- ARIZONA DEPARTMENT OF INSURANCE AND FINANCIAL INSTITUTIONS
- Monetary/Fine Amount — filed text
- $ 500.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON APRIL 9, 2025, EDWARD JONES ENTERED INTO CONSENT ORDER WITH THE ARIZONA DEPARTMENT OF INSURANCE AND FINANCIAL INSTITUTIONS (THE "DEPARTMENT") TO RESOLVE THIS MATTER. EDWARD JONES DID NOT CONTEST THAT IT FAILED TO FORWARD TWO ANNUITY BENEFICIARY CHANGE FORMS TO ITS CLIENT'S INSURANCE COMPANIES. THE DEPARTMENT FOUND THAT FAILURE TO "DEMONSTRATE[] INCOMPETENCE IN THE CONDUCT OF BUSINESS" UNDER ARIZONA REVISED STATUTES SECTION 20-295(A)(8). THEREFORE, PURSUANT TO SECTION (A)(2), THE DEPARTMENT IMPOSED A CIVIL PENALTY OF $250.00 FOR EACH FORM, FOR A TOTAL OF $500.00, WHICH EDWARD JONES PAID ON APRIL 2, 2025.
Other filed details
Description of allegations — filed text
THE ARIZONA DEPARTMENT OF INSURANCE AND FINANCIAL INSTITUTIONS ALLEGED THAT EDWARD JONES VIOLATED AN INSURANCE LAW AND WAS LIABLE FOR A CIVIL PENALTY UNDER ARIZONA REVISED STATUTES SECTION 20-295(A)(2) IN CONNECTION WITH ITS FAILURE TO FORWARD BENEFICIARY CHANGE FORMS TO A CLIENT'S INSURANCE COMPANIES.
Sanction detail — filed text
EDWARD JONES PAID THE $500.00 TO THE DEPARTMENT ON APRIL 2, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) ARIZONA DEPARTMENT OF INSURANCE AND FINANCIAL INSTITUTIONS 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 04/09/2025 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 25A-006-INS 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Insurance Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): THE ARIZONA DEPARTMENT OF INSURANCE AND FINANCIAL INSTITUTIONS ALLEGED THAT EDWARD JONES VIOLATED AN INSURANCE LAW AND WAS LIABLE FOR A CIVIL PENALTY UNDER ARIZONA REVISED STATUTES SECTION 20-295(A)(2) IN CONNECTION WITH ITS FAILURE TO FORWARD BENEFICIARY CHANGE FORMS TO A CLIENT'S INSURANCE COMPANIES. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: pp g y pp ( ) pp If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 04/09/2025 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 500.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES PAID THE $500.00 TO THE DEPARTMENT ON APRIL 2, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). ON APRIL 9, 2025, EDWARD JONES ENTERED INTO CONSENT ORDER WITH THE ARIZONA DEPARTMENT OF INSURANCE AND FINANCIAL INSTITUTIONS (THE "DEPARTMENT") TO RESOLVE THIS MATTER. EDWARD JONES DID NOT CONTEST THAT IT FAILED TO FORWARD TWO ANNUITY BENEFICIARY CHANGE FORMS TO ITS CLIENT'S INSURANCE COMPANIES. THE DEPARTMENT FOUND THAT FAILURE TO "DEMONSTRATE[] INCOMPETENCE IN THE CONDUCT OF BUSINESS" UNDER ARIZONA REVISED STATUTES SECTION 20-295(A)(8). THEREFORE, PURSUANT TO SECTION (A)(2), THE DEPARTMENT IMPOSED A CIVIL PENALTY OF $250.00 FOR EACH FORM, FOR A TOTAL OF $500.00, WHICH EDWARD JONES PAID ON APRIL 2, 2025.
regulatory · block 87PDF pages 206–208
- Regulator name — filed text
- SECURITIES DIVISION OF THE OFFICE OF THE SECRETARY OF THE COMMONWEALTH OF MASSACHUSETTS
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON JUNE 4, 2025, THE DIVISION ALLEGED THAT, DURING TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MASS. GEN. LAWS C. 110A, SECTION 204(A)(2)(J). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE MASSACHUSETTS SECURITIES ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED MASSACHUSETTS CUSTOMERS IN AN AMOUNT NO LESS THAN $114,782, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND INVESTIGATION COSTS WERE PAID ON JUNE 17, 2025, AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE SECURITIES DIVISION OF THE OFFICE OF THE SECRETARY OF THE COMMONWEALTH OF MASSACHUSETTS ("DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 ("TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARDJONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MASS. GEN. LAWS C. 110A, SECTION 204(A)(2)(J).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE MASSACHUSETTS SECURITIES ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED MASSACHUSETTS CUSTOMERS IN AN AMOUNT NO LESS THAN $114,782, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND INVESTIGATION COSTS WERE PAID ON JUNE 17, 2025, AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
SECURITIES DIVISION OF THE OFFICE OF THE SECRETARY OF THE COMMONWEALTH OF MASSACHUSETTS
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; INVESTIGATION COSTS; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
06/04/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DOCKET NO. 2025-0191
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE SECURITIES DIVISION OF THE OFFICE OF THE SECRETARY OF THE
COMMONWEALTH OF MASSACHUSETTS ("DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 ("TIME
PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARDJONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE
PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO
ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MASS. GEN. LAWS C. 110A, SECTION 204(A)(2)(J).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
06/04/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS; INVESTIGATION COSTS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE MASSACHUSETTS SECURITIES ACT AND THE REGULATIONS
THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED MASSACHUSETTS CUSTOMERS IN AN AMOUNT NO LESS THAN $114,782, TO PAY AN
ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH
CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND INVESTIGATION COSTS WERE PAID ON JUNE 17, 2025, AND THE RESTITUTION WILL BE
PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON JUNE 4, 2025, THE DIVISION ALLEGED THAT, DURING TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED
AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED
MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MASS. GEN.
LAWS C. 110A, SECTION 204(A)(2)(J). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED
TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE MASSACHUSETTS SECURITIES ACT AND THE
REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED MASSACHUSETTS CUSTOMERS IN AN AMOUNT NO LESS THAN $114,782, TO PAY
AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN
UNDERTAKINGS. THE ADMINISTRATIVE FINE AND INVESTIGATION COSTS WERE PAID ON JUNE 17, 2025, AND THE RESTITUTION WILL BE PAID IN
ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 88Parker, John, PaulPDF pages 208–210
- Advisory affiliate name — filed text
- Parker, John, Paul
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 2463577 This advisory affiliate is a Firm an Individual Registered: Yes No Name: Parker, John, Paul (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 89PDF pages 210–212
- Regulator name — filed text
- COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON SEPTEMBER 5, 2025, THE DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF THE PENNSYLVANIA SECURITIES ACT, 70 P.S. §1305(A)(VII). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE PENNSYLVANIA CODE AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED PENNSYLVANIA CUSTOMERS IN AN AMOUNT NO LESS THAN $241,040.51, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DEPARTMENT OF BANKING AND SECURITIES ("DEPARTMENT") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF THE PENNSYLVANIA SECURITIES ACT, 70 P.S. §1305(A)(VII).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE PENNSYLVANIA SECURITIES ACT, 70 P.S. §1305(A)(VII), TO PROVIDE RESTITUTION TO AFFECTED PENNSYLVANIA CUSTOMERS IN AN AMOUNT NO LESS THAN $241,040.51, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST
3.
Date Initiated (MM/DD/YYYY):
09/05/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DOCKET NO. 250026 (SEC-ORD)
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DEPARTMENT OF BANKING AND SECURITIES ("DEPARTMENT") ALLEGED THAT,
DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES")
FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN
SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A
REASONABLE COMMISSION, IN VIOLATION OF THE PENNSYLVANIA SECURITIES ACT, 70 P.S. §1305(A)(VII).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
09/05/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE PENNSYLVANIA SECURITIES ACT, 70 P.S. §1305(A)(VII), TO PROVIDE
RESTITUTION TO AFFECTED PENNSYLVANIA CUSTOMERS IN AN AMOUNT NO LESS THAN $241,040.51, AND TO PAY AN ADMINISTRATIVE FINE IN
THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT
ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON SEPTEMBER 5, 2025, THE DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
THE PENNSYLVANIA SECURITIES ACT, 70 P.S. §1305(A)(VII). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW,
EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE PENNSYLVANIA CODE AND
THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED PENNSYLVANIA CUSTOMERS IN AN AMOUNT NO LESS THAN $241,040.51,
AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE
WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 90PDF pages 212–213
- Regulator name — filed text
- NORTH CAROLINA DEPARTMENT OF INSURANCE
- Monetary/Fine Amount — filed text
- $ 5,500.00
- How was matter resolved — filed text
- Settled
Action status / disposition — filed text
PURSUANT TO A VOLUNTARY SETTLEMENT AGREEMENT, EDWARD JONES AGREED TO PAY CIVIL PENALTY OF$5,500.00 TO THE NORTH CAROLINA DEPARTMENT OF INSURANCE, WHICH WAS PAID SEPTEMBER 3, 2025.
Other filed details
Description of allegations — filed text
THE NORTH CAROLINA DEPARTMENT OF INSURANCE ALLEGED, PURSUANT TO NORTH CAROLINA GENERALSTATUTE SECTION 58-33-32(K), THAT EDWARD JONES FAILED TO TIMELY REPORT ADMINISTRATIVE ACTIONSTAKEN WITH RESPECT TO ITS LICENSE WITHIN 30 DAYS AFTER DISPOSITION OF MATTERS WITH STATE ANDTERRITORY REGULATORS FOLLOWING AN INVESTIGATION COORDINATED AMONG MEMBERS OF THE NORTHAMERICAN ADMINISTRATORS ASSOCIATION (NASAA) OF ITS CONDUCT.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY A CIVIL PENALTY OF $5,500.00 TO THE NORTH CAROLINA DEPARTMENT OFINSURANCE, WHICH WAS PAID SEPTEMBER 3, 2025.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) NORTH CAROLINA DEPARTMENT OF INSURANCE 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 09/03/2025 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: ASD FILE #96200 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): THE NORTH CAROLINA DEPARTMENT OF INSURANCE ALLEGED, PURSUANT TO NORTH CAROLINA GENERALSTATUTE SECTION 58-33-32(K), THAT EDWARD JONES FAILED TO TIMELY REPORT ADMINISTRATIVE ACTIONSTAKEN WITH RESPECT TO ITS LICENSE WITHIN 30 DAYS AFTER DISPOSITION OF MATTERS WITH STATE ANDTERRITORY REGULATORS FOLLOWING AN INVESTIGATION COORDINATED AMONG MEMBERS OF THE NORTHAMERICAN ADMINISTRATORS ASSOCIATION (NASAA) OF ITS CONDUCT. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Settled 11. Resolution Date (MM/DD/YYYY): 09/03/2025 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 5,500.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY A CIVIL PENALTY OF $5,500.00 TO THE NORTH CAROLINA DEPARTMENT OFINSURANCE, WHICH WAS PAID SEPTEMBER 3, 2025. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). PURSUANT TO A VOLUNTARY SETTLEMENT AGREEMENT, EDWARD JONES AGREED TO PAY CIVIL PENALTY OF$5,500.00 TO THE NORTH CAROLINA DEPARTMENT OF INSURANCE, WHICH WAS PAID SEPTEMBER 3, 2025.
regulatory · block 91PDF pages 213–215
- Regulator name — filed text
- WEST VIRGINIA SECURITIES COMMISSION
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON SEPTEMBER 3, 2025, THE WEST VIRGINIA SECURITIES COMMISSION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF WEST VIRGINIA SECURITIES ACT SECTION 32-2-204(A)(2)(J). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE WEST VIRGINIA SECURITIES ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED WEST VIRGINIA CUSTOMERS IN AN AMOUNT NO LESS THAN $58,901.77, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE WEST VIRGINIA SECURITIES COMMISSION ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF WEST VIRGINIA UNIFORM SECURITIES ACT, W. VA. CODE SECTION 32-2-204(A)(2)(J).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE WEST VIRGINIA SECURITIES ACT, TO PROVIDE RESTITUTION TO AFFECTED WEST VIRGINIA CUSTOMERS IN AN AMOUNT NO LESS THAN $58,901.77, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
WEST VIRGINIA SECURITIES COMMISSION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST;
3.
Date Initiated (MM/DD/YYYY):
09/03/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
CASE NO.: 25-0060
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE WEST VIRGINIA SECURITIES COMMISSION ALLEGED THAT, DURING THE PERIOD
OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE
CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL
EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE
COMMISSION, IN VIOLATION OF WEST VIRGINIA UNIFORM SECURITIES ACT, W. VA. CODE SECTION 32-2-204(A)(2)(J).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
09/03/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE WEST VIRGINIA SECURITIES ACT, TO PROVIDE RESTITUTION TO
AFFECTED WEST VIRGINIA CUSTOMERS IN AN AMOUNT NO LESS THAN $58,901.77, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF
$100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON SEPTEMBER 3, 2025, THE WEST VIRGINIA SECURITIES COMMISSION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE
CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL
EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE
COMMISSION, IN VIOLATION OF WEST VIRGINIA SECURITIES ACT SECTION 32-2-204(A)(2)(J). WITHOUT ADMITTING OR DENYING THE STATEMENT OF
FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF
THE WEST VIRGINIA SECURITIES ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED WEST VIRGINIA CUSTOMERS IN
AN AMOUNT NO LESS THAN $58,901.77, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE
RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 92PDF pages 215–217
- Regulator name — filed text
- STATE OF OREGON DEPARTMENT OF CONSUMER AND BUSINESS SERVICES DIVISION OF FINANCIAL REGULATION
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON SEPTEMBER 4, 2025, THE DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF ORS 59.205(13) AND OAR 441-205-0210(1). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE OREGON SECURITIES ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED OREGON CUSTOMERS IN AN AMOUNT NO LESS THAN $203,494.79, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DIRECTOR OF THE DEPARTMENT OF CONSUMER AND BUSINESS SERVICES ("DIRECTOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF OREGON REVISED STATUTES 59.205(13) AND OREGON ADMINISTRATIVE RULE 441-205-0210(1).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE OREGON SECURITIES ACT, TO PROVIDE RESTITUTION TO AFFECTED OREGON CUSTOMERS IN AN AMOUNT NO LESS THAN $203,494.79, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF OREGON DEPARTMENT OF CONSUMER AND BUSINESS SERVICES DIVISION OF FINANCIAL REGULATION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST;
3.
Date Initiated (MM/DD/YYYY):
09/04/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
CASE NO. S-25-0038
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DIRECTOR OF THE DEPARTMENT OF CONSUMER AND BUSINESS SERVICES
("DIRECTOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES &
CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT
REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD
JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF OREGON REVISED STATUTES 59.205(13) AND OREGON
ADMINISTRATIVE RULE 441-205-0210(1).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
09/04/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE OREGON SECURITIES ACT, TO PROVIDE RESTITUTION TO AFFECTED
OREGON CUSTOMERS IN AN AMOUNT NO LESS THAN $203,494.79, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON SEPTEMBER 4, 2025, THE DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
ORS 59.205(13) AND OAR 441-205-0210(1). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES
AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE OREGON SECURITIES ACT AND THE
REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED OREGON CUSTOMERS IN AN AMOUNT NO LESS THAN $203,494.79, AND TO PAY
AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE
TERMS OF THE CONSENT ORDER.regulatory · block 93PDF pages 217–219
- Regulator name — filed text
- SECURITIES DIVISION OF THE NEW MEXICO REGULATION AND LICENSING DEPARTMENT
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON OCTOBER 14, 2025, THE DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF NMSA 1978 SECTION 58-13C-412(C)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE NEW MEXICO UNIFORM SECURITIES ACT, TO PROVIDE RESTITUTION TO AFFECTED NEW MEXICO CUSTOMERS IN AN AMOUNT NO LESS THAN $75,472.63, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DIRECTOR OF THE SECURITIES DIVISION OF THE NEW MEXICO REGULATION AND LICENSING DEPARTMENT (THE "DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF THE NEW MEXICO UNIFORM SECURITIES ACT 1978 SECTION 58-13C-412(C)(9).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE NEW MEXICO UNIFORM SECURITIES ACT, TO PROVIDE RESTITUTION TO AFFECTED NEW MEXICO CUSTOMERS IN AN AMOUNT NO LESS THAN $75,472.63, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
SECURITIES DIVISION OF THE NEW MEXICO REGULATION AND LICENSING DEPARTMENT
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
10/14/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
CASE NO. MS 25-07-10-2
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DIRECTOR OF THE SECURITIES DIVISION OF THE NEW MEXICO REGULATION
AND LICENSING DEPARTMENT (THE "DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME
PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND
REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION
CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF THE NEW MEXICO UNIFORM
SECURITIES ACT 1978 SECTION 58-13C-412(C)(9).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
10/14/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE NEW MEXICO UNIFORM SECURITIES ACT, TO PROVIDE RESTITUTION TO
AFFECTED NEW MEXICO CUSTOMERS IN AN AMOUNT NO LESS THAN $75,472.63, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF
$100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON OCTOBER 14, 2025, THE DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
NMSA 1978 SECTION 58-13C-412(C)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES
AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE NEW MEXICO UNIFORM SECURITIES ACT,
TO PROVIDE RESTITUTION TO AFFECTED NEW MEXICO CUSTOMERS IN AN AMOUNT NO LESS THAN $75,472.63, AND TO PAY AN ADMINISTRATIVE FINE
IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT
ORDER.regulatory · block 94PDF pages 219–221
- Regulator name — filed text
- OHIO DIVISION OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON SEPTEMBER 25, 2025, THE DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF OHIO REVISED CODE 1707.19(A)(1)(I). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE OHIO REVISED CODE AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED OHIO CUSTOMERS IN AN AMOUNT NO LESS THAN $506,326.10, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE OHIO DIVISION OF SECURITIES ("DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF THE OHIO REVISED CODE 1707.19(A)(1)(I).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE OHIO REVISED CODE, TO PROVIDE RESTITUTION TO AFFECTED OHIO CUSTOMERS IN AN AMOUNT NO LESS THAN $506,326.10, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
OHIO DIVISION OF SECURITIES
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
09/25/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DIVISION ORDER NO: 25-014
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE OHIO DIVISION OF SECURITIES ("DIVISION") ALLEGED THAT, DURING THE
PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO
ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL
PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A
REASONABLE COMMISSION, IN VIOLATION OF THE OHIO REVISED CODE 1707.19(A)(1)(I).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
09/25/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE OHIO REVISED CODE, TO PROVIDE RESTITUTION TO AFFECTED OHIO
CUSTOMERS IN AN AMOUNT NO LESS THAN $506,326.10, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON SEPTEMBER 25, 2025, THE DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
OHIO REVISED CODE 1707.19(A)(1)(I). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED
TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF THE OHIO REVISED CODE AND THE REGULATIONS
THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED OHIO CUSTOMERS IN AN AMOUNT NO LESS THAN $506,326.10, AND TO PAY AN
ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE
TERMS OF THE CONSENT ORDER.regulatory · block 95PDF pages 221–223
- Regulator name — filed text
- ARKANSAS SECURITIES DEPARTMENT
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON OCTOBER 13, 2025, THE ARKANSAS SECURITIES DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF ARK. CODE ANN. SECTIONS 23-42-301(F)(1). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF ARKANSAS SECURITIES ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED ARKANSAS CUSTOMERS IN AN AMOUNT NO LESS THAN $170,530.58, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE ARKANSAS SECURITIES DEPARTMENT ("STAFF") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF ARK. CODE ANN. SECTIONS 23-42-301(F)(1).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF ARK. CODE ANN. SECTIONS 23-42-301(F)(1), TO PROVIDE RESTITUTION TO AFFECTED ARKANSAS CUSTOMERS IN AN AMOUNT NO LESS THAN $170,530.58, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
ARKANSAS SECURITIES DEPARTMENT
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
10/13/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ORDER NO. S-25-0017-25-OR01
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE ARKANSAS SECURITIES DEPARTMENT ("STAFF") ALLEGED THAT, DURING THE
PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO
ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL
PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A
REASONABLE COMMISSION, IN VIOLATION OF ARK. CODE ANN. SECTIONS 23-42-301(F)(1).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
10/13/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF ARK. CODE ANN. SECTIONS 23-42-301(F)(1), TO PROVIDE RESTITUTION TO
AFFECTED ARKANSAS CUSTOMERS IN AN AMOUNT NO LESS THAN $170,530.58, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF
$100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON OCTOBER 13, 2025, THE ARKANSAS SECURITIES DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE
CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL
EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE
COMMISSION, IN VIOLATION OF ARK. CODE ANN. SECTIONS 23-42-301(F)(1). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR
VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF
ARKANSAS SECURITIES ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED ARKANSAS CUSTOMERS IN AN AMOUNT NO
LESS THAN $170,530.58, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL
BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 96PDF pages 223–225
- Regulator name — filed text
- CONNECTICUT BANKING COMMISSIONER
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON OCTOBER 8, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 36B-31-6F(B) OF THE REGULATIONS OF CONNECTICUT STATE AGENCIES PROMULGATED UNDER THE CONNECTICUT UNIFORM SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 36B-31-6F(B) OF THE REGULATIONS OF CONNECTICUT STATE AGENCIES PROMULGATED UNDER THE CONNECTICUT UNIFORM SECURITIES ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED CONNECTICUT CUSTOMERS IN AN AMOUNT NO LESS THAN $72,702.37, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE BANKING COMMISSIONER ("COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 36B-31-6F(B) OF THE REGULATIONS OF CONNECTICUT STATE AGENCIES PROMULGATED UNDER THE CONNECTICUT UNIFORM SECURITIES ACT.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 36B-31-6F(B) OF THE REGULATIONS OF CONNECTICUT STATE AGENCIES PROMULGATED UNDER THE CONNECTICUT UNIFORM SECURITIES ACT, TO PROVIDE RESTITUTION TO AFFECTED CONNECTICUT CUSTOMERS IN AN AMOUNT NO LESS THAN $72,702.37, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
CONNECTICUT BANKING COMMISSIONER
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
10/08/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
NO. CO-25-202525-S
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE BANKING COMMISSIONER ("COMMISSIONER") ALLEGED THAT, DURING THE
PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO
ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL
PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A
REASONABLE COMMISSION, IN VIOLATION OF SECTION 36B-31-6F(B) OF THE REGULATIONS OF CONNECTICUT STATE AGENCIES PROMULGATED UNDER
THE CONNECTICUT UNIFORM SECURITIES ACT.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
10/08/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 36B-31-6F(B) OF THE REGULATIONS OF CONNECTICUT STATE
AGENCIES PROMULGATED UNDER THE CONNECTICUT UNIFORM SECURITIES ACT, TO PROVIDE RESTITUTION TO AFFECTED CONNECTICUT
CUSTOMERS IN AN AMOUNT NO LESS THAN $72,702.37, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON OCTOBER 8, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
SECTION 36B-31-6F(B) OF THE REGULATIONS OF CONNECTICUT STATE AGENCIES PROMULGATED UNDER THE CONNECTICUT UNIFORM SECURITIES
ACT. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 36B-31-6F(B) OF THE REGULATIONS OF CONNECTICUT STATE AGENCIES
PROMULGATED UNDER THE CONNECTICUT UNIFORM SECURITIES ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED
CONNECTICUT CUSTOMERS IN AN AMOUNT NO LESS THAN $72,702.37, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 97PDF pages 225–227
- Regulator name — filed text
- OKLAHOMA DEPARTMENT OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON OCTOBER 8, 2025, THE DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 1-411(D)(9) OF THE OKLAHOMA UNIFORM SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 1-411(D)(9) OF THE OKLAHOMA UNIFORM SECURITIES ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED OKLAHOMA CUSTOMERS IN AN AMOUNT NO LESS THAN $238,568.91, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE OKLAHOMA DEPARTMENT OF SECURITIES ("DEPARTMENT") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 1-411(D)(9) OF THE OKLAHOMA UNIFORM SECURITIES ACT.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 1-411(D)(9) OF THE OKLAHOMA UNIFORM SECURITIES ACT, TO PROVIDE RESTITUTION TO AFFECTED OKLAHOMA CUSTOMERS IN AN AMOUNT NO LESS THAN $238,568.91, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
OKLAHOMA DEPARTMENT OF SECURITIES
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
10/08/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ODS FILE 25-232
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE OKLAHOMA DEPARTMENT OF SECURITIES ("DEPARTMENT") ALLEGED THAT,
DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES")
FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN
SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A
REASONABLE COMMISSION, IN VIOLATION OF SECTION 1-411(D)(9) OF THE OKLAHOMA UNIFORM SECURITIES ACT.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
10/08/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
j
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 1-411(D)(9) OF THE OKLAHOMA UNIFORM SECURITIES ACT, TO
PROVIDE RESTITUTION TO AFFECTED OKLAHOMA CUSTOMERS IN AN AMOUNT NO LESS THAN $238,568.91, AND TO PAY AN ADMINISTRATIVE FINE
IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE
CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON OCTOBER 8, 2025, THE DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
SECTION 1-411(D)(9) OF THE OKLAHOMA UNIFORM SECURITIES ACT. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF
LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 1-411(D)(9) OF
THE OKLAHOMA UNIFORM SECURITIES ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED OKLAHOMA CUSTOMERS IN
AN AMOUNT NO LESS THAN $238,568.91, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE
RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 98PDF pages 227–229
- Regulator name — filed text
- THE SOUTH DAKOTA DIVISION OF INSURANCE
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON OCTOBER 9, 2025, THE SOUTH DAKOTA DIVISION OF INSURANCE ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SDCL 47-31B-412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SDCL 47-31B-412(D)(9) AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED SOUTH DAKOTA CUSTOMERS IN AN AMOUNT NO LESS THAN $51,621.51, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE SOUTH DAKOTA DIVISION OF INSURANCE ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SDCL 47-31B-412(D)(9).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SDCL 47-31B-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED SOUTH DAKOTA CUSTOMERS IN AN AMOUNT NO LESS THAN $51,621.51, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
THE SOUTH DAKOTA DIVISION OF INSURANCE
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
10/09/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ADMIN CONSENT ORDER
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE SOUTH DAKOTA DIVISION OF INSURANCE ALLEGED THAT, DURING THE PERIOD
OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE
CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL
EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE
COMMISSION, IN VIOLATION OF SDCL 47-31B-412(D)(9).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
10/09/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SDCL 47-31B-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED SOUTH
DAKOTA CUSTOMERS IN AN AMOUNT NO LESS THAN $51,621.51, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON OCTOBER 9, 2025, THE SOUTH DAKOTA DIVISION OF INSURANCE ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE
CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL
EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE
COMMISSION, IN VIOLATION OF SDCL 47-31B-412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW,
EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SDCL 47-31B-412(D)(9) AND
THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED SOUTH DAKOTA CUSTOMERS IN AN AMOUNT NO LESS THAN $51,621.51, AND
TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE
WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 99PDF pages 229–231
- Regulator name — filed text
- VERMONT DEPARTMENT OF FINANCIAL REGULATION
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON OCTOBER 9, 2025, THE DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF VERMONT SECURITIES REGULATION SECTION 2-2(B)(2). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF VERMONT'S UNIFORM SECURITIES ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED VERMONT CUSTOMERS IN AN AMOUNT NO LESS THAN $33,919.48, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $85,000, AND TO CONTRIBUTE $15,000 TO THE VERMONT FINANCIAL SERVICES EDUCATION AND VICTIM RESTITUTION SPECIAL FUND. THE ADMINISTRATIVE FINE, THE CONTRIBUTION AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE VERMONT DEPARTMENT OF FINANCIAL REGULATION ("DEPARTMENT") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF VERMONT SECURITIES REGULATION SECTION 2-2(B)(2).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF VERMONT SECURITIES REGULATION SECTION 2-2(B)(2), TO PROVIDE RESTITUTION TO AFFECTED VERMONT CUSTOMERS IN AN AMOUNT NO LESS THAN $33,919.48, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $85,000, AND TO CONTRIBUTE $15,000 TO THE VERMONT FINANCIAL SERVICES EDUCATION AND VICTIM RESTITUTION SPECIAL FUND. THE ADMINISTRATIVE FINE, CONTRIBUTION AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
VERMONT DEPARTMENT OF FINANCIAL REGULATION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
10/09/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DOCKET NO. 25-018-S
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE VERMONT DEPARTMENT OF FINANCIAL REGULATION ("DEPARTMENT") ALLEGED
THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD
JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE
CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS
CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF VERMONT SECURITIES REGULATION SECTION 2-2(B)(2).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
10/09/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF VERMONT SECURITIES REGULATION SECTION 2-2(B)(2), TO PROVIDE
RESTITUTION TO AFFECTED VERMONT CUSTOMERS IN AN AMOUNT NO LESS THAN $33,919.48, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT
OF $85,000, AND TO CONTRIBUTE $15,000 TO THE VERMONT FINANCIAL SERVICES EDUCATION AND VICTIM RESTITUTION SPECIAL FUND. THE
ADMINISTRATIVE FINE, CONTRIBUTION AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON OCTOBER 9, 2025, THE DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
VERMONT SECURITIES REGULATION SECTION 2-2(B)(2). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW,
EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF VERMONT'S UNIFORM
SECURITIES ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED VERMONT CUSTOMERS IN AN AMOUNT NO LESS THAN
$33,919.48, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $85,000, AND TO CONTRIBUTE $15,000 TO THE VERMONT FINANCIAL SERVICES
EDUCATION AND VICTIM RESTITUTION SPECIAL FUND. THE ADMINISTRATIVE FINE, THE CONTRIBUTION AND THE RESTITUTION WILL BE PAID IN
ACCORDANCE WITH THE TERMS OF THE CONSENT ORDERregulatory · block 100PDF pages 231–234
- Regulator name — filed text
- INDIANA SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON OCTOBER 8, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF IUSA I.C. SECTIONS 23-19-4-12(D)(9) AND IAC SECTIONS 4-7-6(D). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF IUSA I.C. SECTIONS 23- 19-4-12(D)(9) AND IAC SECTIONS 4-7-6(D)AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED INDIANA CUSTOMERS IN AN AMOUNT NO LESS THAN $431,170.81, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER. DRP Pages
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE INDIANA SECURITIES COMMISSIONER ("COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF THE INDIANA UNIFORM SECURITIES ACT ("IUSA") SECTION V.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF IUSA I.C. SECTIONS 23-19-4-12(D)(9) AND IAC SECTIONS 4-7-6(D), TO PROVIDE RESTITUTION TO AFFECTED INDIANA CUSTOMERS IN AN AMOUNT NO LESS THAN $431,170.81, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
INDIANA SECURITIES DIVISION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
10/08/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
CAUSE NO. 25-0009 CA
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE INDIANA SECURITIES COMMISSIONER ("COMMISSIONER") ALLEGED THAT,
DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES")
FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN
SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A
REASONABLE COMMISSION, IN VIOLATION OF THE INDIANA UNIFORM SECURITIES ACT ("IUSA") SECTION V.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
10/08/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF IUSA I.C. SECTIONS 23-19-4-12(D)(9) AND IAC SECTIONS 4-7-6(D), TO
PROVIDE RESTITUTION TO AFFECTED INDIANA CUSTOMERS IN AN AMOUNT NO LESS THAN $431,170.81, AND TO PAY AN ADMINISTRATIVE FINE IN
THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT
ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON OCTOBER 8, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
IUSA I.C. SECTIONS 23-19-4-12(D)(9) AND IAC SECTIONS 4-7-6(D). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF
LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF IUSA I.C. SECTIONS 23-
19-4-12(D)(9) AND IAC SECTIONS 4-7-6(D)AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED INDIANA CUSTOMERS IN AN
AMOUNT NO LESS THAN $431,170.81, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE
RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
DRP Pagesregulatory · block 1PDF pages 234–235
- Regulator name — filed text
- UTAH DIVISION OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON OCTOBER 23, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 61-1-6(2)(A)(II)(J) OF THE ACT. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 61-1-6(2)(A)(II)(J) OF THE ACT AND THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED UTAH CUSTOMERS IN AN AMOUNT NO LESS THAN $58,049.54, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE UTAH DIVISION OF SECURITIES ("DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF THE UTAH UNIFORM SECURITIES ACT ("ACT") SECTION 61-1-6(2)(A)(II)(J).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 61-1-6(2)(A)(II)(J) OF THE ACT, TO PROVIDE RESTITUTION TO AFFECTED UTAH CUSTOMERS IN AN AMOUNT NO LESS THAN $58,049.54, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
UTAH DIVISION OF SECURITIES
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
10/23/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DOCKET NO. SD-25-00-16
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE UTAH DIVISION OF SECURITIES ("DIVISION") ALLEGED THAT, DURING THE
PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO
ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL
PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A
REASONABLE COMMISSION, IN VIOLATION OF THE UTAH UNIFORM SECURITIES ACT ("ACT") SECTION 61-1-6(2)(A)(II)(J).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
10/23/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 61-1-6(2)(A)(II)(J) OF THE ACT, TO PROVIDE RESTITUTION TO
AFFECTED UTAH CUSTOMERS IN AN AMOUNT NO LESS THAN $58,049.54, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000.
THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON OCTOBER 23, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
SECTION 61-1-6(2)(A)(II)(J) OF THE ACT. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES
AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 61-1-6(2)(A)(II)(J) OF THE ACT AND
THE REGULATIONS THEREUNDER, TO PROVIDE RESTITUTION TO AFFECTED UTAH CUSTOMERS IN AN AMOUNT NO LESS THAN $58,049.54, AND TO PAY
AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE
TERMS OF THE CONSENT ORDER.regulatory · block 2PDF pages 236–237
- Regulator name — filed text
- NEBRASKA DEPARTMENT OF BANKING AND FINANCE
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON NOVEMBER 14, 2025, THE DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 8-1103(9)(A)(XI) OF THE ACT. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 8-1103(9)(A)(XI) OF THE ACT, TO PROVIDE RESTITUTION TO AFFECTED NEBRASKA CUSTOMERS IN AN AMOUNT NO LESS THAN $134,041.05, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF AMOUNT OF $10,000, INVESTIGATION COSTS IN THE AMOUNT OF $15,000 AND $75,000 AS A SETTLEMENT. THE ADMINISTRATIVE FINE, INVESTIGATION COSTS, SETTLEMENT, AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE (THE "DEPARTMENT") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 8-1103(9)(A)(XI) OF THE SECURITIES ACT OF NEBRASKA (THE "ACT").
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 8-1103(9)(A)(XI) OF THE ACT, TO PROVIDE RESTITUTION TO AFFECTED NEBRASKA CUSTOMERS IN AN AMOUNT NO LESS THAN $134,041.05, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $10,000, INVESTIGATION COSTS IN THE AMOUNT OF $15,000 AND $75,000 AS A SETTLEMENT. THE ADMINISTRATIVE FINE, INVESTIGATION COSTS, SETTLEMENT, AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
NEBRASKA DEPARTMENT OF BANKING AND FINANCE
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
11/14/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
FINDINGS OF FACT CONCLUSIONS OF LAW AND CONSENT ORDER
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE (THE "DEPARTMENT")
ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P.
("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY
SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES
CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 8-1103(9)(A)(XI) OF THE SECURITIES ACT OF NEBRASKA (THE
"ACT").
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
11/14/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 8-1103(9)(A)(XI) OF THE ACT, TO PROVIDE RESTITUTION TO
AFFECTED NEBRASKA CUSTOMERS IN AN AMOUNT NO LESS THAN $134,041.05, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF
$10,000, INVESTIGATION COSTS IN THE AMOUNT OF $15,000 AND $75,000 AS A SETTLEMENT. THE ADMINISTRATIVE FINE, INVESTIGATION
COSTS, SETTLEMENT, AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON NOVEMBER 14, 2025, THE DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
SECTION 8-1103(9)(A)(XI) OF THE ACT. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES
AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 8-1103(9)(A)(XI) OF THE ACT, TO
PROVIDE RESTITUTION TO AFFECTED NEBRASKA CUSTOMERS IN AN AMOUNT NO LESS THAN $134,041.05, AND TO PAY AN ADMINISTRATIVE FINE IN THE
AMOUNT OF AMOUNT OF $10,000, INVESTIGATION COSTS IN THE AMOUNT OF $15,000 AND $75,000 AS A SETTLEMENT. THE ADMINISTRATIVE FINE,
INVESTIGATION COSTS, SETTLEMENT, AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 3PDF pages 237–239
- Regulator name — filed text
- STATE OF HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON NOVEMBER 17, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF HRS 485A-412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF HRS 485A-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED HAWAII CUSTOMERS IN AN AMOUNT NO LESS THAN $37,407.62, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE COMMISSIONER OF SECURITIES OF THE STATE OF HAWAII (THE "COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF HAWAII REVISED STATUTES ("HRS") 485A-412(D)(9).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF HRS 485A-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED HAWAII CUSTOMERS IN AN AMOUNT NO LESS THAN $37,407.62, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
11/17/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
SEB20250011
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE COMMISSIONER OF SECURITIES OF THE STATE OF HAWAII (THE
"COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES
& CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT
REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD
JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF HAWAII REVISED STATUTES ("HRS") 485A-412(D)(9).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
11/17/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF HRS 485A-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED HAWAII
CUSTOMERS IN AN AMOUNT NO LESS THAN $37,407.62, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON NOVEMBER 17, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
HRS 485A-412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE
IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF HRS 485A-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED
HAWAII CUSTOMERS IN AN AMOUNT NO LESS THAN $37,407.62, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 4PDF pages 239–241
- Regulator name — filed text
- COMMISSIONER OF SECURITIES AND INSURANCE, OFFICE OF THE MONTANA STATE AUDITOR
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON NOVEMBER 18, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MCA SECTION 30-10-201(13)(K). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MCA SECTION 30-10-201(13)(K), TO PROVIDE RESTITUTION TO AFFECTED MONTANA CUSTOMERS IN AN AMOUNT NO LESS THAN $67,601.53, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE COMMISSIONER OF SECURITIES AND INSURANCE, MONTANA STATE AUDITOR'S OFFICE (THE "COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MONTANA CODE ANNOTATED ("MCA") SECTION 30- 10-201(13)(K).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MCA SECTION 30-10-201(13)(K), TO PROVIDE RESTITUTION TO AFFECTED MONTANA CUSTOMERS IN AN AMOUNT NO LESS THAN $67,601.53, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
COMMISSIONER OF SECURITIES AND INSURANCE, OFFICE OF THE MONTANA STATE AUDITOR
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
11/18/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
SEC-2025-58A
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE COMMISSIONER OF SECURITIES AND INSURANCE, MONTANA STATE AUDITOR'S
OFFICE (THE "COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"),
EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE
AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO
ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MONTANA CODE ANNOTATED ("MCA") SECTION 30-
10-201(13)(K).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
11/18/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS; INVESTIGATION COSTS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MCA SECTION 30-10-201(13)(K), TO PROVIDE RESTITUTION TO AFFECTED
MONTANA CUSTOMERS IN AN AMOUNT NO LESS THAN $67,601.53, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY
INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE
RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON NOVEMBER 18, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
MCA SECTION 30-10-201(13)(K). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO
THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MCA SECTION 30-10-201(13)(K), TO PROVIDE RESTITUTION
TO AFFECTED MONTANA CUSTOMERS IN AN AMOUNT NO LESS THAN $67,601.53, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO
PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE
RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 5PDF pages 241–243
- Regulator name — filed text
- THE IDAHO DEPARTMENT OF FINANCE
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON NOVEMBER 14, 2025, THE DIRECTOR ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF I.C. SECTION 30-14-412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF I.C. SECTION 30-14-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED IDAHO CUSTOMERS IN AN AMOUNT NO LESS THAN $89,909.43, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DIRECTOR OF THE IDAHO DEPARTMENT OF FINANCE (THE "DIRECTOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF IDAHO CODE ("I.C.") SECTION 30-14-412(D)(9).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF I.C. SECTION 30-14-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED IDAHO CUSTOMERS IN AN AMOUNT NO LESS THAN $89,909.43, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
THE IDAHO DEPARTMENT OF FINANCE
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
11/14/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
SB-2025-105
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DIRECTOR OF THE IDAHO DEPARTMENT OF FINANCE (THE "DIRECTOR")
ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P.
("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY
SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES
CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF IDAHO CODE ("I.C.") SECTION 30-14-412(D)(9).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
11/14/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF I.C. SECTION 30-14-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED
IDAHO CUSTOMERS IN AN AMOUNT NO LESS THAN $89,909.43, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON NOVEMBER 14, 2025, THE DIRECTOR ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
I.C. SECTION 30-14-412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE
IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF I.C. SECTION 30-14-412(D)(9), TO PROVIDE RESTITUTION TO
AFFECTED IDAHO CUSTOMERS IN AN AMOUNT NO LESS THAN $89,909.43, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 6O'Neal, Suzanne, ClairePDF pages 243–245
- Advisory affiliate name — filed text
- O'Neal, Suzanne, Claire
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 5353746 This advisory affiliate is a Firm an Individual Registered: Yes No Name: O'Neal, Suzanne, Claire (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: 11. Resolution Date (MM/DD/YYYY): Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 7PDF pages 245–247
- Regulator name — filed text
- THE ALASKA DEPARTMENT OF COMMERCE, COMMUNITY, AND ECONOMIC DEVELOPMENT DIVISION OF BANKING AND SECURITIES
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON OCTOBER 27, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF AS 45.56.440(D)(9) OF THE ACT. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF AS 45.56.440(D)(9)OF THE ACT, TO PROVIDE RESTITUTION TO AFFECTED ALASKA CUSTOMERS IN AN AMOUNT NO LESS THAN $28,642.40, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DEPARTMENT OF COMMERCE, COMMUNITY, AND ECONOMIC DEVELOPMENT, DIVISION OF BANKING AND SECURITIES (THE "ADMINISTRATOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF ALASKA STATUTE ("AS") 45.56.440(D)(9) OF THE ALASKA SECURITIES ACT ("THE ACT").
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF AS 45.56.440(D)(9) OF THE ACT, TO PROVIDE RESTITUTION TO AFFECTED ALASKA CUSTOMERS IN AN AMOUNT NO LESS THAN $28,642.40, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
THE ALASKA DEPARTMENT OF COMMERCE, COMMUNITY, AND ECONOMIC DEVELOPMENT DIVISION OF BANKING AND SECURITIES
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
10/27/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ORDER NO. 25-61-S
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DEPARTMENT OF COMMERCE, COMMUNITY, AND ECONOMIC DEVELOPMENT,
DIVISION OF BANKING AND SECURITIES (THE "ADMINISTRATOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30,
2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR
AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM
COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF ALASKA STATUTE ("AS")
45.56.440(D)(9) OF THE ALASKA SECURITIES ACT ("THE ACT").
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
10/27/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF AS 45.56.440(D)(9) OF THE ACT, TO PROVIDE RESTITUTION TO AFFECTED
ALASKA CUSTOMERS IN AN AMOUNT NO LESS THAN $28,642.40, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON OCTOBER 27, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF AS
45.56.440(D)(9) OF THE ACT. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE
IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF AS 45.56.440(D)(9)OF THE ACT, TO PROVIDE RESTITUTION TO
AFFECTED ALASKA CUSTOMERS IN AN AMOUNT NO LESS THAN $28,642.40, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 8PDF pages 247–249
- Regulator name — filed text
- ALABAMA SECURITIES COMMISSION
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON NOVEMBER 17, 2025, THE COMMISSION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF RULE 830-X-3-.13(1). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF RULE 830-X-3-.13(1), TO PROVIDE RESTITUTION TO AFFECTED ALABAMA CUSTOMERS IN AN AMOUNT NO LESS THAN $148,037.42, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE ALABAMA SECURITIES COMMISSION (THE "COMMISSION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF RULE 830-X-3-.13(1).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF RULE 830-X-3-.13(1), TO PROVIDE RESTITUTION TO AFFECTED ALABAMA CUSTOMERS IN AN AMOUNT NO LESS THAN $148,037.42, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
ALABAMA SECURITIES COMMISSION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; INVESTIGATION COSTS; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
11/17/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
CO-2025-0029
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE ALABAMA SECURITIES COMMISSION (THE "COMMISSION") ALLEGED THAT,
DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES")
FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN
SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A
REASONABLE COMMISSION, IN VIOLATION OF RULE 830-X-3-.13(1).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
11/17/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS; INVESTIGATION COSTS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF RULE 830-X-3-.13(1), TO PROVIDE RESTITUTION TO AFFECTED ALABAMA
CUSTOMERS IN AN AMOUNT NO LESS THAN $148,037.42, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY INVESTIGATION
COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE
PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON NOVEMBER 17, 2025, THE COMMISSION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
RULE 830-X-3-.13(1). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE
IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF RULE 830-X-3-.13(1), TO PROVIDE RESTITUTION TO AFFECTED
ALABAMA CUSTOMERS IN AN AMOUNT NO LESS THAN $148,037.42, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY
INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE
RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 9PDF pages 249–251
- Regulator name — filed text
- DELAWARE DEPARTMENT OF JUSTICE, INVESTOR PROTECTION UNIT
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON NOVEMBER 19, 2025, THE DIRECTOR ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF 6 DEL. C. SECTION 73-304(A)(10). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 6 DEL. C. SECTION 73-304(A)(10), TO PROVIDE RESTITUTION TO AFFECTED DELAWARE CUSTOMERS IN AN AMOUNT NO LESS THAN $30,736.41, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DIRECTOR OF THE INVESTOR PROTECTION UNIT OF THE DELAWARE DEPARTMENT OF JUSTICE (THE "DIRECTOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF DELAWARE SECURITIES ACT, 6 DEL. C. SECTION 73-304(A)(10).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 6 DEL. C. SECTION 73-304(A)(10), TO PROVIDE RESTITUTION TO AFFECTED DELAWARE CUSTOMERS IN AN AMOUNT NO LESS THAN $30,736.41, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
DELAWARE DEPARTMENT OF JUSTICE, INVESTOR PROTECTION UNIT
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
11/19/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ADMINISTRATIVE CONSENT ORDER
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DIRECTOR OF THE INVESTOR PROTECTION UNIT OF THE DELAWARE
DEPARTMENT OF JUSTICE (THE "DIRECTOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME
PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND
REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION
CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF DELAWARE SECURITIES ACT, 6 DEL.
C. SECTION 73-304(A)(10).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
11/19/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 6 DEL. C. SECTION 73-304(A)(10), TO PROVIDE RESTITUTION TO AFFECTED
DELAWARE CUSTOMERS IN AN AMOUNT NO LESS THAN $30,736.41, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON NOVEMBER 19, 2025, THE DIRECTOR ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF 6
DEL. C. SECTION 73-304(A)(10). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO
THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 6 DEL. C. SECTION 73-304(A)(10), TO PROVIDE
RESTITUTION TO AFFECTED DELAWARE CUSTOMERS IN AN AMOUNT NO LESS THAN $30,736.41, AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT
OF $100,000. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 10PDF pages 251–253
- Regulator name — filed text
- STATE OF MINNESOTA DEPARTMENT OF COMMERCE
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON NOVEMBER 17, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MINNESOTA STATUTE SECTION 80A.67(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MINNESOTA STATUTE SECTION 80A.67(D)(9), TO PROVIDE RESTITUTION TO AFFECTED MINNESOTA CUSTOMERS IN AN AMOUNT NO LESS THAN $261,074.01, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE MINNESOTA COMMISSIONER OF COMMERCE (THE "COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MINNESOTA STATUTE SECTION 80A.67(D)(9).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MINNESOTA STATUTE SECTION 80A.67(D)(9), TO PROVIDE RESTITUTION TO AFFECTED MINNESOTA CUSTOMERS IN AN AMOUNT NO LESS THAN $261,074.01, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF MINNESOTA DEPARTMENT OF COMMERCE
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
(
)
( )
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
11/17/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ADMINISTRATIVE CONSENT ORDER
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE MINNESOTA COMMISSIONER OF COMMERCE (THE "COMMISSIONER") ALLEGED
THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD
JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE
CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS
CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MINNESOTA STATUTE SECTION 80A.67(D)(9).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
11/17/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MINNESOTA STATUTE SECTION 80A.67(D)(9), TO PROVIDE RESTITUTION TO
AFFECTED MINNESOTA CUSTOMERS IN AN AMOUNT NO LESS THAN $261,074.01, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000,
AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS
OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON NOVEMBER 17, 2025, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
MINNESOTA STATUTE SECTION 80A.67(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES
AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MINNESOTA STATUTE SECTION 80A.67(D)(9), TO
PROVIDE RESTITUTION TO AFFECTED MINNESOTA CUSTOMERS IN AN AMOUNT NO LESS THAN $261,074.01, TO PAY AN ADMINISTRATIVE FINE IN THE
AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND RESTITUTION WILL BE PAID IN ACCORDANCE
WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 11PDF pages 253–254
- Regulator name — filed text
- NEW HAMPSHIRE DEPARTMENT OF STATE BUREAU OF SECURITIES REGULATION
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON NOVEMBER 14, 2025, THE BUREAU ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF NEW HAMPSHIRE UNIFORM SECURITIES ACT RSA SECTION 421-B:4-412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF NEW HAMPSHIRE UNIFORM SECURITIES ACT RSA SECTION 421-B:4-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED NEW HAMPSHIRE CUSTOMERS IN AN AMOUNT NO LESS THAN $63,079.49, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE NEW HAMPSHIRE DEPARTMENT OF STATE BUREAU OF SECURITIES REGULATION (THE "BUREAU") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF NEW HAMPSHIRE UNIFORM SECURITIES ACT RSA SECTION 421-B:4- 412(D)(9).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF NEW HAMPSHIRE UNIFORM SECURITIES ACT RSA SECTION 421-B:4-412(D) (9), TO PROVIDE RESTITUTION TO AFFECTED NEW HAMPSHIRE CUSTOMERS IN AN AMOUNT NO LESS THAN $63,079.49, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
NEW HAMPSHIRE DEPARTMENT OF STATE BUREAU OF SECURITIES REGULATION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
11/14/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
I-2025000054
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE NEW HAMPSHIRE DEPARTMENT OF STATE BUREAU OF SECURITIES REGULATION
(THE "BUREAU") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES &
CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT
REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD
JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF NEW HAMPSHIRE UNIFORM SECURITIES ACT RSA SECTION 421-B:4-
412(D)(9).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
11/14/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF NEW HAMPSHIRE UNIFORM SECURITIES ACT RSA SECTION 421-B:4-412(D)
(9), TO PROVIDE RESTITUTION TO AFFECTED NEW HAMPSHIRE CUSTOMERS IN AN AMOUNT NO LESS THAN $63,079.49, TO PAY AN
ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND
RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON NOVEMBER 14, 2025, THE BUREAU ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
NEW HAMPSHIRE UNIFORM SECURITIES ACT RSA SECTION 421-B:4-412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR
VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF NEW
HAMPSHIRE UNIFORM SECURITIES ACT RSA SECTION 421-B:4-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED NEW HAMPSHIRE CUSTOMERS IN AN
AMOUNT NO LESS THAN $63,079.49, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS.
THE ADMINISTRATIVE FINE AND RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 12PDF pages 255–256
- Regulator name — filed text
- TEXAS STATE SECURITIES BOARD
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON DECEMBER 19, 2025, THE TSSB ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 115.10(A) OF THE BOARD RULES. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 115.10(A) OF THE BOARD RULES, TO PROVIDE RESTITUTION TO AFFECTED TEXAS CUSTOMERS IN AN AMOUNT NO LESS THAN $1,074,395.63, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE TEXAS STATE SECURITIES BOARD (THE "TSSB") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 115.10(A) OF THE TEXAS STATE SECURITIES BOARD RULES ("BOARD RULES")PROMULGATED UNDER THE TEXAS SECURITIES ACT.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 115.10(A) OF THE BOARD RULES, TO PROVIDE RESTITUTION TO AFFECTED TEXAS CUSTOMERS IN AN AMOUNT NO LESS THAN $1,074,395.63, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
TEXAS STATE SECURITIES BOARD
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; INVESTIGATION COSTS; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
12/19/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
LID-25-CAF-01
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE TEXAS STATE SECURITIES BOARD (THE "TSSB") ALLEGED THAT, DURING THE
PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO
ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL
PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A
REASONABLE COMMISSION, IN VIOLATION OF SECTION 115.10(A) OF THE TEXAS STATE SECURITIES BOARD RULES ("BOARD RULES")PROMULGATED
UNDER THE TEXAS SECURITIES ACT.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/19/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS; INVESTIGATION COSTS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 115.10(A) OF THE BOARD RULES, TO PROVIDE RESTITUTION TO
AFFECTED TEXAS CUSTOMERS IN AN AMOUNT NO LESS THAN $1,074,395.63, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO
PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE
RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON DECEMBER 19, 2025, THE TSSB ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
SECTION 115.10(A) OF THE BOARD RULES. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES
AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 115.10(A) OF THE BOARD RULES, TO
PROVIDE RESTITUTION TO AFFECTED TEXAS CUSTOMERS IN AN AMOUNT NO LESS THAN $1,074,395.63, TO PAY AN ADMINISTRATIVE FINE IN THE
AMOUNT OF $100,000, TO PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 13PDF pages 256–258
- Regulator name — filed text
- ENFORCEMENT SECTION OF THE MISSOURI SECURITIES DIVISION OF THE OFFICE OF THE SECRETARY OF STATE
- Monetary/Fine Amount — filed text
- $ 125,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON DECEMBER 15, 2025, THE ENFORCEMENT SECTION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF 15 CSR 30-51.171(2)(A). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 15 CSR 30-51.171(2)(A), TO PROVIDE RESTITUTION TO AFFECTED MISSOURI CUSTOMERS IN AN AMOUNT NO LESS THAN $526,569.72, TO PAY A MONETARY FINE IN THE AMOUNT OF $125,000 (THE AMOUNT PAID INCLUDES AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND INVESTIGATION COSTS IN THE AMOUNT OF $25,000), AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE ENFORCEMENT SECTION OF THE MISSOURI SECURITIES DIVISION OF THE OFFICE OF THE SECRETARY OF STATE (THE "ENFORCEMENT SECTION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF 15 CSR 30-51.171(2) (A).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 15 CSR 30-51.171(2)(A), TO PROVIDE RESTITUTION TO AFFECTED MISSOURI CUSTOMERS IN AN AMOUNT NO LESS THAN $526,569.72, TO PAY A MONETARY FINE IN THE AMOUNT OF $125,000 TO THE MISSOURI SECRETARY OF STATE'S INVESTOR EDUCATION AND PROTECTION FUND (THE AMOUNT PAID INCLUDES AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND INVESTIGATION COSTS IN THE AMOUNT OF $25,000), AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
ENFORCEMENT SECTION OF THE MISSOURI SECURITIES DIVISION OF THE OFFICE OF THE SECRETARY OF STATE
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
12/15/2025
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
AP-25-08
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity - OTC
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE ENFORCEMENT SECTION OF THE MISSOURI SECURITIES DIVISION OF THE
OFFICE OF THE SECRETARY OF STATE (THE "ENFORCEMENT SECTION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL
30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A
FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM
COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF 15 CSR 30-51.171(2)
(A).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
12/15/2025
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 125,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 15 CSR 30-51.171(2)(A), TO PROVIDE RESTITUTION TO AFFECTED MISSOURI
CUSTOMERS IN AN AMOUNT NO LESS THAN $526,569.72, TO PAY A MONETARY FINE IN THE AMOUNT OF $125,000 TO THE MISSOURI SECRETARY
OF STATE'S INVESTOR EDUCATION AND PROTECTION FUND (THE AMOUNT PAID INCLUDES AN ADMINISTRATIVE FINE IN THE AMOUNT OF
$100,000, AND INVESTIGATION COSTS IN THE AMOUNT OF $25,000), AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND
THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON DECEMBER 15, 2025, THE ENFORCEMENT SECTION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN
TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY
TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE
COMMISSION, IN VIOLATION OF 15 CSR 30-51.171(2)(A). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW,
EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 15 CSR 30-51.171(2)(A), TO
PROVIDE RESTITUTION TO AFFECTED MISSOURI CUSTOMERS IN AN AMOUNT NO LESS THAN $526,569.72, TO PAY A MONETARY FINE IN THE AMOUNT OF
$125,000 (THE AMOUNT PAID INCLUDES AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND INVESTIGATION COSTS IN THE AMOUNT OF
$25,000), AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE
TERMS OF THE CONSENT ORDER.regulatory · block 14PDF pages 258–260
- Regulator name — filed text
- STATE OF CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON FEBRUARY 20, 2026, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF CALIFORNIA CORPORATIONS CODE SECTION 25218 AND CALIFORNIA CODE OF REGULATIONS, TITLE 10, SECTION 260.218.4. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF CALIFORNIA CORPORATIONS CODE SECTION 25218 AND CALIFORNIA CODE OF REGULATIONS, TITLE 10, SECTION 260.218.4, TO PROVIDE RESTITUTION TO AFFECTED CALIFORNIA CUSTOMERS IN AN AMOUNT NO LESS THAN $520,434.51, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE COMMISSIONER OF FINANCIAL PROTECTION AND INNOVATION ("COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF CALIFORNIA CORPORATIONS CODE SECTION 25218 AND CALIFORNIA CODE OF REGULATIONS, TITLE 10, SECTION 260.218.4.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF CALIFORNIA CORPORATIONS CODE SECTION 25218 AND CALIFORNIA CODE OF REGULATIONS, TITLE 10, SECTION 260.218.4, TO PROVIDE RESTITUTION TO AFFECTED CALIFORNIA CUSTOMERS IN AN AMOUNT NO LESS THAN $520,434.51, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
02/20/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
CONSENT ORDER
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE COMMISSIONER OF FINANCIAL PROTECTION AND INNOVATION
("COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES
& CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT
REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD
JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF CALIFORNIA CORPORATIONS CODE SECTION 25218 AND
CALIFORNIA CODE OF REGULATIONS, TITLE 10, SECTION 260.218.4.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
02/20/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF CALIFORNIA CORPORATIONS CODE SECTION 25218 AND CALIFORNIA CODE
OF REGULATIONS, TITLE 10, SECTION 260.218.4, TO PROVIDE RESTITUTION TO AFFECTED CALIFORNIA CUSTOMERS IN AN AMOUNT NO LESS
THAN $520,434.51, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE
ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON FEBRUARY 20, 2026, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
CALIFORNIA CORPORATIONS CODE SECTION 25218 AND CALIFORNIA CODE OF REGULATIONS, TITLE 10, SECTION 260.218.4. WITHOUT ADMITTING OR
DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST
FROM CONDUCT IN VIOLATION OF CALIFORNIA CORPORATIONS CODE SECTION 25218 AND CALIFORNIA CODE OF REGULATIONS, TITLE 10, SECTION
260.218.4, TO PROVIDE RESTITUTION TO AFFECTED CALIFORNIA CUSTOMERS IN AN AMOUNT NO LESS THAN $520,434.51, TO PAY AN ADMINISTRATIVE
FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID
IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 15PDF pages 260–262
- Regulator name — filed text
- COMMISSIONER OF SECURITIES FOR THE STATE OF GEORGIA
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON FEBRUARY 20, 2026, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF GA. COMP. R. & REGS. R. 590-4-5-.12(1) AND O.C.G.A. SECTION 10-5-41(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF GA. COMP. R. & REGS. R. 590-4-5-.12(1) AND O.C.G.A. SECTION 10-5-41(D)(9), TO PROVIDE RESTITUTION TO AFFECTED GEORGIA CUSTOMERS IN AN AMOUNT NO LESS THAN $384,825.28, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000 OF WHICH $20,000 WILL BE RETAINED FOR THE COST OF THE INVESTIGATION, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE COMMISSIONER OF SECURITIES FOR THE STATE OF GEORGIA (THE "COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF GA. COMP. R. & REGS. R. 590-4-5-.12(1) AND O.C.G.A. SECTION 10-5- 41(D)(9).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF GA. COMP. R. & REGS. R. 590-4-5-.12(1) AND O.C.G.A. SECTION 10-5-41(D) (9), TO PROVIDE RESTITUTION TO AFFECTED GEORGIA CUSTOMERS IN AN AMOUNT NO LESS THAN $384,825.28, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000 OF WHICH $20,000 WILL BE RETAINED FOR THE COST OF THE INVESTIGATION, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
COMMISSIONER OF SECURITIES FOR THE STATE OF GEORGIA
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
02/20/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ENSC-251262
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE COMMISSIONER OF SECURITIES FOR THE STATE OF GEORGIA (THE
"COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES
& CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT
REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD
JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF GA. COMP. R. & REGS. R. 590-4-5-.12(1) AND O.C.G.A. SECTION 10-5-
41(D)(9).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
02/20/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF GA. COMP. R. & REGS. R. 590-4-5-.12(1) AND O.C.G.A. SECTION 10-5-41(D)
(9), TO PROVIDE RESTITUTION TO AFFECTED GEORGIA CUSTOMERS IN AN AMOUNT NO LESS THAN $384,825.28, TO PAY AN ADMINISTRATIVE FINE
IN THE AMOUNT OF $100,000 OF WHICH $20,000 WILL BE RETAINED FOR THE COST OF THE INVESTIGATION, AND TO COMPLY WITH CERTAIN
UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON FEBRUARY 20, 2026, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
GA. COMP. R. & REGS. R. 590-4-5-.12(1) AND O.C.G.A. SECTION 10-5-41(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR
VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF GA.
COMP. R. & REGS. R. 590-4-5-.12(1) AND O.C.G.A. SECTION 10-5-41(D)(9), TO PROVIDE RESTITUTION TO AFFECTED GEORGIA CUSTOMERS IN AN
AMOUNT NO LESS THAN $384,825.28, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000 OF WHICH $20,000 WILL BE RETAINED FOR THE
COST OF THE INVESTIGATION, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN
ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 16PDF pages 262–264
- Regulator name — filed text
- MISSISSIPPI SECRETARY OF STATE SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON FEBRUARY 20, 2026, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MISS CODE ANN. SECTION 75-71-412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MISS CODE ANN. SECTION 75-71-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED MISSISSIPPI CUSTOMERS IN AN AMOUNT NO LESS THAN $82,132.41, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE SECRETARY OF STATE OF THE STATE OF MISSISSIPPI ("ADMINISTRATOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MISSISSIPPI CODE ANNOTATED SECTION 75-71-412(D)(9).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MISS CODE ANN. SECTION 75-71-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED MISSISSIPPI CUSTOMERS IN AN AMOUNT NO LESS THAN $82,132.41, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
MISSISSIPPI SECRETARY OF STATE SECURITIES DIVISION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
02/20/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
LS-25-8149
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE SECRETARY OF STATE OF THE STATE OF MISSISSIPPI ("ADMINISTRATOR")
ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P.
("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY
SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES
CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MISSISSIPPI CODE ANNOTATED SECTION 75-71-412(D)(9).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
02/20/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MISS CODE ANN. SECTION 75-71-412(D)(9), TO PROVIDE RESTITUTION TO
AFFECTED MISSISSIPPI CUSTOMERS IN AN AMOUNT NO LESS THAN $82,132.41, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000,
AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE
TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON FEBRUARY 20, 2026, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
MISS CODE ANN. SECTION 75-71-412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES
AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MISS CODE ANN. SECTION 75-71-412(D)(9), TO
PROVIDE RESTITUTION TO AFFECTED MISSISSIPPI CUSTOMERS IN AN AMOUNT NO LESS THAN $82,132.41, TO PAY AN ADMINISTRATIVE FINE IN THE
AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN
ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 17PDF pages 264–266
- Regulator name — filed text
- PUERTO RICO OFFICE OF THE COMMISSIONER OF FINANCIAL INSTITUTIONS
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON FEBRUARY 24, 2026, THE OCFI ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 204(A)(2)(J) OF THE PRUSA. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 204(A)(2)(J) OF THE PRUSA, TO PROVIDE RESTITUTION TO AFFECTED PUERTO RICO CUSTOMERS IN AN AMOUNT NO LESS THAN $498.48, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE COMMISSIONER OF THE PUERTO RICO OFFICE OF THE COMMISSIONER OF FINANCIAL INSTITUTIONS ("OCFI") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 204(A)(2)(J) OF THE PUERTO RICO UNIFORM SECURITIES ACT ("PRUSA").
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 204(A)(2)(J) OF THE PRUSA, TO PROVIDE RESTITUTION TO AFFECTED PUERTO RICO CUSTOMERS IN AN AMOUNT NO LESS THAN $489.48, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
PUERTO RICO OFFICE OF THE COMMISSIONER OF FINANCIAL INSTITUTIONS
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
02/24/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
CONSENT ORDER
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE COMMISSIONER OF THE PUERTO RICO OFFICE OF THE COMMISSIONER OF
FINANCIAL INSTITUTIONS ("OCFI") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"),
EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE
AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO
ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 204(A)(2)(J) OF THE PUERTO RICO
UNIFORM SECURITIES ACT ("PRUSA").
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
02/24/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 204(A)(2)(J) OF THE PRUSA, TO PROVIDE RESTITUTION TO
AFFECTED PUERTO RICO CUSTOMERS IN AN AMOUNT NO LESS THAN $489.48, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000,
AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE
TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON FEBRUARY 24, 2026, THE OCFI ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
SECTION 204(A)(2)(J) OF THE PRUSA. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED
TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 204(A)(2)(J) OF THE PRUSA, TO PROVIDE
RESTITUTION TO AFFECTED PUERTO RICO CUSTOMERS IN AN AMOUNT NO LESS THAN $498.48, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF
$100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH
THE TERMS OF THE CONSENT ORDER.regulatory · block 18PDF pages 266–268
- Regulator name — filed text
- ILLINOIS SECRETARY OF STATE SECURITIES DEPARTMENT
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON FEBRUARY 20, 2026, THE SECURITIES DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 8.E.1.E.IV OF THE ILLINOIS SECURITIES LAW. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 8.E.1.E.IV OF THE ILLINOIS SECURITIES LAW, TO PROVIDE RESTITUTION TO AFFECTED ILLINOIS CUSTOMERS IN AN AMOUNT NO LESS THAN $654,428.95, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE ILLINOIS SECRETARY OF STATE SECURITIES DEPARTMENT (THE "SECURITIES DEPARTMENT") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 8.E.1.E.IV OF THE ILLINOIS SECURITIES LAW.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 8.E.1.E.IV OF THE ILLINOIS SECURITIES LAW, TO PROVIDE RESTITUTION TO AFFECTED ILLINOIS CUSTOMERS IN AN AMOUNT NO LESS THAN $654,428.95, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
ILLINOIS SECRETARY OF STATE SECURITIES DEPARTMENT
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
02/20/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
FILE NO.: 2500298
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE ILLINOIS SECRETARY OF STATE SECURITIES DEPARTMENT (THE "SECURITIES
DEPARTMENT") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES &
CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT
REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD
JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 8.E.1.E.IV OF THE ILLINOIS SECURITIES LAW.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
02/20/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 8.E.1.E.IV OF THE ILLINOIS SECURITIES LAW, TO PROVIDE
RESTITUTION TO AFFECTED ILLINOIS CUSTOMERS IN AN AMOUNT NO LESS THAN $654,428.95, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT
OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE
WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON FEBRUARY 20, 2026, THE SECURITIES DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN
TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY
TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE
COMMISSION, IN VIOLATION OF SECTION 8.E.1.E.IV OF THE ILLINOIS SECURITIES LAW. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS
OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF
SECTION 8.E.1.E.IV OF THE ILLINOIS SECURITIES LAW, TO PROVIDE RESTITUTION TO AFFECTED ILLINOIS CUSTOMERS IN AN AMOUNT NO LESS THAN
$654,428.95, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE
FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 19PDF pages 268–270
- Regulator name — filed text
- SECURITIES COMMISSIONER OF SOUTH CAROLINA
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON FEBRUARY 25, 2026, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF S.C. CODE ANN. SECTION 35-1-412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF S.C. CODE ANN. SECTION 35-1-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED SOUTH CAROLINA CUSTOMERS IN AN AMOUNT NO LESS THAN $321,397.88, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE SECURITIES COMMISSIONER OF SOUTH CAROLINA ("COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF S.C. CODE ANN. SECTION 35-1-412(D)(9).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF S.C. CODE ANN. SECTION 35-1-412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED SOUTH CAROLINA CUSTOMERS IN AN AMOUNT NO LESS THAN $321,397.88, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
y
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
SECURITIES COMMISSIONER OF SOUTH CAROLINA
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
02/25/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
MATTER NO. 20252027
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE SECURITIES COMMISSIONER OF SOUTH CAROLINA ("COMMISSIONER")
ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P.
("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY
SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES
CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF S.C. CODE ANN. SECTION 35-1-412(D)(9).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
02/25/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF S.C. CODE ANN. SECTION 35-1-412(D)(9), TO PROVIDE RESTITUTION TO
AFFECTED SOUTH CAROLINA CUSTOMERS IN AN AMOUNT NO LESS THAN $321,397.88, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF
$100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE
WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON FEBRUARY 25, 2026, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
S.C. CODE ANN. SECTION 35-1-412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES
AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF S.C. CODE ANN. SECTION 35-1-412(D)(9), TO
PROVIDE RESTITUTION TO AFFECTED SOUTH CAROLINA CUSTOMERS IN AN AMOUNT NO LESS THAN $321,397.88, TO PAY AN ADMINISTRATIVE FINE IN
THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN
ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 20PDF pages 270–272
- Regulator name — filed text
- WISCONSIN DEPARTMENT OF FINANCIAL INSTITUTIONS DIVISION OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON MARCH 4, 2026, THE DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF WIS. ADMIN. CODE SECTION DFI-SEC 4.05(2). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF WIS. ADMIN. CODE SECTION DFI-SEC 4.05(2), TO PROVIDE RESTITUTION TO AFFECTED WISCONSIN CUSTOMERS IN AN AMOUNT NO LESS THAN $334,797.49, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE WISCONSIN DIVISION OF SECURITIES (THE "DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF WIS. ADMIN. CODE SECTION DFI-SEC 4.05(2).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF WIS. ADMIN. CODE SECTION DFI-SEC 4.05(2), TO PROVIDE RESTITUTION TO AFFECTED WISCONSIN CUSTOMERS IN AN AMOUNT NO LESS THAN $334,797.49, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
WISCONSIN DEPARTMENT OF FINANCIAL INSTITUTIONS DIVISION OF SECURITIES
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
03/04/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DFI CASE NO. S-251169 (LX)
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE WISCONSIN DIVISION OF SECURITIES (THE "DIVISION") ALLEGED THAT,
DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES")
FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN
SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A
REASONABLE COMMISSION, IN VIOLATION OF WIS. ADMIN. CODE SECTION DFI-SEC 4.05(2).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
03/04/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF WIS. ADMIN. CODE SECTION DFI-SEC 4.05(2), TO PROVIDE RESTITUTION TO
AFFECTED WISCONSIN CUSTOMERS IN AN AMOUNT NO LESS THAN $334,797.49, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000,
AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE
TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON MARCH 4, 2026, THE DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
WIS. ADMIN. CODE SECTION DFI-SEC 4.05(2). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES
AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF WIS. ADMIN. CODE SECTION DFI-SEC 4.05(2),
TO PROVIDE RESTITUTION TO AFFECTED WISCONSIN CUSTOMERS IN AN AMOUNT NO LESS THAN $334,797.49, TO PAY AN ADMINISTRATIVE FINE IN
THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN
ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 21PDF pages 272–274
- Regulator name — filed text
- LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON APRIL 9, 2026, LOFI ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF LOUISIANA SECURITIES LAW SECTION 51:704(A)(9) AND LAC 10:XIII.1901. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF LOUISIANA SECURITIES LAW SECTION 51:704(A)(9) AND LAC 10:XIII.1901, TO PROVIDE RESTITUTION TO AFFECTED LOUISIANA CUSTOMERS IN AN AMOUNT NO LESS THAN $180,147.98, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS ("LOFI") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF LOUISIANA SECURITIES LAW SECTION 51:704(A)(9) AND LOUISIANA ADMINISTRATIVE CODE ("LAC") 10:XIII.1901.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF LOUISIANA SECURITIES LAW SECTION 51:704(A)(9) AND LAC 10:XIII.1901, TO PROVIDE RESTITUTION TO AFFECTED LOUISIANA CUSTOMERS IN AN AMOUNT NO LESS THAN $180,147.98, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
04/09/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
MATTER NO. OFI-2025-02
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE LOUISIANA OFFICE OF FINANCIAL INSTITUTIONS ("LOFI") ALLEGED THAT,
DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES")
FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN
SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A
REASONABLE COMMISSION, IN VIOLATION OF LOUISIANA SECURITIES LAW SECTION 51:704(A)(9) AND LOUISIANA ADMINISTRATIVE CODE ("LAC")
10:XIII.1901.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
04/09/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF LOUISIANA SECURITIES LAW SECTION 51:704(A)(9) AND LAC 10:XIII.1901,
TO PROVIDE RESTITUTION TO AFFECTED LOUISIANA CUSTOMERS IN AN AMOUNT NO LESS THAN $180,147.98, TO PAY AN ADMINISTRATIVE FINE
IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID
IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON APRIL 9, 2026, LOFI ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A
FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM
COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF LOUISIANA SECURITIES
LAW SECTION 51:704(A)(9) AND LAC 10:XIII.1901. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD
JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF LOUISIANA SECURITIES LAW SECTION
51:704(A)(9) AND LAC 10:XIII.1901, TO PROVIDE RESTITUTION TO AFFECTED LOUISIANA CUSTOMERS IN AN AMOUNT NO LESS THAN $180,147.98, TO
PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE
RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 22PDF pages 274–276
- Regulator name — filed text
- DISTRICT OF COLUMBIA DEPARTMENT OF INSURANCE, SECURITIES AND BANKING
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON MARCH 26, 2026, THE DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF D.C. OFFICIAL CODE SECTION 31-5602.07(A)(12). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF D.C. OFFICIAL CODE SECTION 31- 5602.07(A)(12), TO PROVIDE RESTITUTION TO AFFECTED DISTRICT OF COLUMBIA CUSTOMERS IN AN AMOUNT NO LESS THAN $8,783.59, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DISTRICT OF COLUMBIA DEPARTMENT OF INSURANCE, SECURITIES AND BANKING (THE "DEPARTMENT") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF D.C. OFFICIAL CODE SECTION 31-5602.07(A)(12).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF D.C. OFFICIAL CODE SECTION 31-5602.07(A)(12), TO PROVIDE RESTITUTION TO AFFECTED DISTRICT OF COLUMBIA CUSTOMERS IN AN AMOUNT NO LESS THAN $8,783.59, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
DISTRICT OF COLUMBIA DEPARTMENT OF INSURANCE, SECURITIES AND BANKING
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
03/26/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ORDER NO: SB-CO-06-25
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE DISTRICT OF COLUMBIA DEPARTMENT OF INSURANCE, SECURITIES AND
BANKING (THE "DEPARTMENT") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"),
EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE
AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO
ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF D.C. OFFICIAL CODE SECTION 31-5602.07(A)(12).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
03/26/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF D.C. OFFICIAL CODE SECTION 31-5602.07(A)(12), TO PROVIDE RESTITUTION
TO AFFECTED DISTRICT OF COLUMBIA CUSTOMERS IN AN AMOUNT NO LESS THAN $8,783.59, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT
OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE
WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON MARCH 26, 2026, THE DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
D.C. OFFICIAL CODE SECTION 31-5602.07(A)(12). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD
JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF D.C. OFFICIAL CODE SECTION 31-
5602.07(A)(12), TO PROVIDE RESTITUTION TO AFFECTED DISTRICT OF COLUMBIA CUSTOMERS IN AN AMOUNT NO LESS THAN $8,783.59, TO PAY AN
ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE
RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 23PDF pages 276–278
- Regulator name — filed text
- SECURITIES DIVISION OF THE OFFICE OF THE NEVADA SECRETARY OF STATE
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON APRIL 1, 2026, THE DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF NRS 90.420(1)(1). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF NRS 90.420(1)(1), TO PROVIDE RESTITUTION TO AFFECTED NEVADA CUSTOMERS IN AN AMOUNT NO LESS THAN $66,759.57, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE SECURITIES DIVISION OF THE OFFICE OF THE NEVADA SECRETARY OF STATE (THE "DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF NRS 90.420(1)(1) OF THE NEVADA UNIFORM SECURITIES ACT.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF NRS 90.420(1)(1), TO PROVIDE RESTITUTION TO AFFECTED NEVADA CUSTOMERS IN AN AMOUNT NO LESS THAN $66,759.57, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
SECURITIES DIVISION OF THE OFFICE OF THE NEVADA SECRETARY OF STATE
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
04/01/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
FILE NO. INV25-163
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE SECURITIES DIVISION OF THE OFFICE OF THE NEVADA SECRETARY OF STATE
(THE "DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES &
CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT
REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD
JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF NRS 90.420(1)(1) OF THE NEVADA UNIFORM SECURITIES ACT.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
04/01/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF NRS 90.420(1)(1), TO PROVIDE RESTITUTION TO AFFECTED NEVADA
CUSTOMERS IN AN AMOUNT NO LESS THAN $66,759.57, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH
CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT
ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON APRIL 1, 2026, THE DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
NRS 90.420(1)(1). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION
OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF NRS 90.420(1)(1), TO PROVIDE RESTITUTION TO AFFECTED NEVADA
CUSTOMERS IN AN AMOUNT NO LESS THAN $66,759.57, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH
CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 24PDF pages 278–280
- Regulator name — filed text
- KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON APRIL 13, 2026, THE DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF 808 KAR 10:030, SECTIONS 3 AND 4(1). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 808 KAR 10:030, SECTIONS 3 AND 4(1), TO PROVIDE RESTITUTION TO AFFECTED KENTUCKY CUSTOMERS IN AN AMOUNT NO LESS THAN $181,263.55, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS (THE "DEPARTMENT") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF 808 KENTUCKY ADMINISTRATIVE REGULATIONS ("KAR") 10:030, SECTIONS 3 AND 4(1).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 808 KAR 10:030, SECTIONS 3 AND 4(1), TO PROVIDE RESTITUTION TO AFFECTED KENTUCKY CUSTOMERS IN AN AMOUNT NO LESS THAN $181,263.55, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
04/13/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
2025-DFI-0145
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE KENTUCKY DEPARTMENT OF FINANCIAL INSTITUTIONS (THE "DEPARTMENT")
ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P.
("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY
SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES
CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF 808 KENTUCKY ADMINISTRATIVE REGULATIONS ("KAR") 10:030, SECTIONS 3
AND 4(1).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
04/13/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 808 KAR 10:030, SECTIONS 3 AND 4(1), TO PROVIDE RESTITUTION TO
AFFECTED KENTUCKY CUSTOMERS IN AN AMOUNT NO LESS THAN $181,263.55, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000,
AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE
TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON APRIL 13, 2026, THE DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
808 KAR 10:030, SECTIONS 3 AND 4(1). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES
AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 808 KAR 10:030, SECTIONS 3 AND 4(1), TO
PROVIDE RESTITUTION TO AFFECTED KENTUCKY CUSTOMERS IN AN AMOUNT NO LESS THAN $181,263.55, TO PAY AN ADMINISTRATIVE FINE IN THE
AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND THE RESTITUTION WILL BE PAID IN
ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 25PDF pages 280–282
- Regulator name — filed text
- WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON MAY 5, 2026, THE DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF WAC 460-20C-150(1)(E). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF WAC 460-20C-150(1)(E), TO PROVIDE RESTITUTION TO AFFECTED WASHINGTON CUSTOMERS IN AN AMOUNT NO LESS THAN $361,844.96, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND INVESTIGATION COSTS WERE PAID ON MAY 5, 2026, AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS SECURITIES DIVISION (THE "DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF WAC 460-20C-150(1)(E).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF WAC 460-20C-150(1)(E), TO PROVIDE RESTITUTION TO AFFECTED WASHINGTON CUSTOMERS IN AN AMOUNT NO LESS THAN $361,844.96, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND INVESTIGATION COSTS WERE PAID ON MAY 5, 2026, AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; INVESTIGATION COSTS; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
05/05/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ORDER NO. S-25-3996-25-CO01
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS SECURITIES
DIVISION (THE "DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD
D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID
NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE
EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF WAC 460-20C-150(1)(E).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
05/05/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS; INVESTIGATION COSTS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF WAC 460-20C-150(1)(E), TO PROVIDE RESTITUTION TO AFFECTED
WASHINGTON CUSTOMERS IN AN AMOUNT NO LESS THAN $361,844.96, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO PAY
INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND
INVESTIGATION COSTS WERE PAID ON MAY 5, 2026, AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT
ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON MAY 5, 2026, THE DEPARTMENT ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
WAC 460-20C-150(1)(E). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE
IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF WAC 460-20C-150(1)(E), TO PROVIDE RESTITUTION TO
AFFECTED WASHINGTON CUSTOMERS IN AN AMOUNT NO LESS THAN $361,844.96, TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $100,000, TO
PAY INVESTIGATION COSTS IN THE AMOUNT OF $25,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE ADMINISTRATIVE FINE AND
INVESTIGATION COSTS WERE PAID ON MAY 5, 2026, AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 26PDF pages 282–284
- Regulator name — filed text
- NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE, SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON MAY 12, 2026, THE SECURITIES DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF N.C. GEN. STAT. SECTION 78A-39(A1). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF N.C. GEN. STAT. SECTION 78A-39(A1), TO PROVIDE RESTITUTION TO AFFECTED NORTH CAROLINA CUSTOMERS IN AN AMOUNT NO LESS THAN $579,290.41, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000 (THE AMOUNT PAID INCLUDES A CIVIL PENALTY OF $10,000, AND INVESTIGATION COSTS IN THE AMOUNT OF $90,000), AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE, SECURITIES DIVISION (THE "SECURITIES DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF N.C. GEN. STAT. SECTION 78A- 39(A1).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF N.C. GEN. STAT. SECTION 78A-39(A1)., TO PROVIDE RESTITUTION TO AFFECTED NORTH CAROLINA CUSTOMERS IN AN AMOUNT NO LESS THAN $579,290.41, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000 (THE AMOUNT PAID INCLUDES A CIVIL PENALTY OF $10,000, AND INVESTIGATION COSTS IN THE AMOUNT OF $90,000), AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE, SECURITIES DIVISION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
05/12/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
FINAL ORDER 25ADM002
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE, SECURITIES
DIVISION (THE "SECURITIES DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME
PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND
REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION
CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF N.C. GEN. STAT. SECTION 78A-
39(A1).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
05/12/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF N.C. GEN. STAT. SECTION 78A-39(A1)., TO PROVIDE RESTITUTION TO
AFFECTED NORTH CAROLINA CUSTOMERS IN AN AMOUNT NO LESS THAN $579,290.41, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000
(THE AMOUNT PAID INCLUDES A CIVIL PENALTY OF $10,000, AND INVESTIGATION COSTS IN THE AMOUNT OF $90,000), AND TO COMPLY WITH
CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON MAY 12, 2026, THE SECURITIES DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS
WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
N.C. GEN. STAT. SECTION 78A-39(A1). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED
TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF N.C. GEN. STAT. SECTION 78A-39(A1), TO PROVIDE
RESTITUTION TO AFFECTED NORTH CAROLINA CUSTOMERS IN AN AMOUNT NO LESS THAN $579,290.41, TO PAY A MONETARY FINE IN THE AMOUNT OF
$100,000 (THE AMOUNT PAID INCLUDES A CIVIL PENALTY OF $10,000, AND INVESTIGATION COSTS IN THE AMOUNT OF $90,000), AND TO COMPLY
WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 27PDF pages 284–286
- Regulator name — filed text
- STATE OF MAINE OFFICE OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON JUNE 5, 2026, THE ADMINISTRATOR ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF 32 M.R.S. SECTION 16412(4)(I) AND MAINE OFFICE OF SECURITIES RULE CHAPTER 504 SECTION 7(1). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 32 M.R.S. SECTION 16412(4)(I) AND MAINE OFFICE OF SECURITIES RULE CHAPTER 504 SECTION 7(1), TO PROVIDE RESTITUTION TO AFFECTED MAINE CUSTOMERS IN AN AMOUNT NO LESS THAN $39,855.49, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE MAINE SECURITIES ADMINISTRATOR (THE "ADMINISTRATOR") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF 32 M.R.S. SECTION 16412(4)(I) AND MAINE OFFICE OF SECURITIES RULE CHAPTER 504 SECTION 7(1).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 32 M.R.S. SECTION 16412(4)(I) AND MAINE OFFICE OF SECURITIES RULE CHAPTER 504 SECTION 7(1), TO PROVIDE RESTITUTION TO AFFECTED MAINE CUSTOMERS IN AN AMOUNT NO LESS THAN $39,855.49, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF MAINE OFFICE OF SECURITIES
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
06/05/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
CONSENT ORDER NO. 2026-07
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE MAINE SECURITIES ADMINISTRATOR (THE "ADMINISTRATOR") ALLEGED THAT,
DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES")
FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN
SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A
REASONABLE COMMISSION, IN VIOLATION OF 32 M.R.S. SECTION 16412(4)(I) AND MAINE OFFICE OF SECURITIES RULE CHAPTER 504 SECTION 7(1).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
06/05/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF 32 M.R.S. SECTION 16412(4)(I) AND MAINE OFFICE OF SECURITIES RULE
CHAPTER 504 SECTION 7(1), TO PROVIDE RESTITUTION TO AFFECTED MAINE CUSTOMERS IN AN AMOUNT NO LESS THAN $39,855.49, TO PAY A
MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION
WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON JUNE 5, 2026, THE ADMINISTRATOR ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF 32
M.R.S. SECTION 16412(4)(I) AND MAINE OFFICE OF SECURITIES RULE CHAPTER 504 SECTION 7(1). WITHOUT ADMITTING OR DENYING THE STATEMENT
OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION
OF 32 M.R.S. SECTION 16412(4)(I) AND MAINE OFFICE OF SECURITIES RULE CHAPTER 504 SECTION 7(1), TO PROVIDE RESTITUTION TO AFFECTED
MAINE CUSTOMERS IN AN AMOUNT NO LESS THAN $39,855.49, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH
CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 28PDF pages 286–287
- Regulator name — filed text
- STATE OF FLORIDA, OFFICE OF FINANCIAL REGULATION
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON JUNE 17, 2026, THE OFFICE ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF RULE 69W-600.013(1)(H)1.,FLORIDA ADMINISTRATIVE CODE. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF RULE 69W-600.013(1) (H)1.,FLORIDA ADMINISTRATIVE CODE, TO PROVIDE RESTITUTION TO AFFECTED FLORIDA CUSTOMERS IN AN AMOUNT NO LESS THAN $589,389.76, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE STATE OF FLORIDA, OFFICE OF FINANCIAL REGULATION (THE "OFFICE") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF RULE 69W-600.013(1)(H)1.,FLORIDA ADMINISTRATIVE CODE.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF RULE 69W-600.013(1)(H)1.,FLORIDA ADMINISTRATIVE CODE, TO PROVIDE RESTITUTION TO AFFECTED FLORIDA CUSTOMERS IN AN AMOUNT NO LESS THAN $589,389.76, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF FLORIDA, OFFICE OF FINANCIAL REGULATION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
06/17/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
CASE NUMBER: 130174-S
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE STATE OF FLORIDA, OFFICE OF FINANCIAL REGULATION (THE "OFFICE")
ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P.
("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY
SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES
CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF RULE 69W-600.013(1)(H)1.,FLORIDA ADMINISTRATIVE CODE.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
06/17/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF RULE 69W-600.013(1)(H)1.,FLORIDA ADMINISTRATIVE CODE, TO PROVIDE
RESTITUTION TO AFFECTED FLORIDA CUSTOMERS IN AN AMOUNT NO LESS THAN $589,389.76, TO PAY A MONETARY FINE IN THE AMOUNT OF
$100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH
THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON JUNE 17, 2026, THE OFFICE ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
RULE 69W-600.013(1)(H)1.,FLORIDA ADMINISTRATIVE CODE. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW,
EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF RULE 69W-600.013(1)
(H)1.,FLORIDA ADMINISTRATIVE CODE, TO PROVIDE RESTITUTION TO AFFECTED FLORIDA CUSTOMERS IN AN AMOUNT NO LESS THAN $589,389.76, TO
PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION
WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 29PDF pages 288–289
- Regulator name — filed text
- FINANCIAL INDUSTRY REGULATORY AUTHORITY
- Monetary/Fine Amount — filed text
- $ 125,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Action status / disposition — filed text
ON JUNE 16 2026, THE FIRM BECAME SUBJECT TO AN AWC ISSUED BY FINRA REGARDING THE ALLEGATIONS DISCUSSED IN RESPONSE TO ITEM 7. WITHOUT ADMITTING OR DENYING THE FINDINGS IN THE AWC, THE FIRM AGREED TO BE CENSURED, PAY A $125,000 FINE AND COMPLETE CERTAIN UNDERTAKINGS. THE FINE WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE AWC.
Other filed details
Description of allegations — filed text
THE FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA") ALLEGED THAT EDWARD D. JONES & CO., L.P. ("EDWARD JONES" OR THE "FIRM") FAILED (1) TO REPORT CERTAIN FRACTIONAL SHARE LIQUIDATIONS TO THE FINRA/NASDAQ TRADE REPORTING FACILITY OR THE OVER-THE-COUNTER REPORTING FACILITY IN VIOLATION OF FINRA RULES 6380A, 6622 AND 2010; AND (2) FAILED TO ESTABLISH, MAINTAIN AND ENFORCE A SUPERVISORY SYSTEM, INCLUDING WRITTEN SUPERVISORY PROCEDURES, REASONABLY DESIGNED TO COMPLY WITH ITS TRADE REPORTING OBLIGATIONS FOR FRACTIONAL SHARE TRADES, IN VIOLATION OF FINRA RULES 3110(A) AND (B) AND 2010.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE FINDINGS IN THE AWC, THE FIRM AGREED TO BE CENSURED, PAY A $125,000 FINE AND COMPLETE CERTAIN UNDERTAKINGS. THE FINE WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE AWC.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
FINANCIAL INDUSTRY REGULATORY AUTHORITY
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
CENSURE; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
06/16/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
NO. 2020067346401
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
FRACTIONAL SHARES
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
THE FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA") ALLEGED THAT EDWARD D. JONES & CO., L.P. ("EDWARD JONES" OR THE "FIRM") FAILED
(1) TO REPORT CERTAIN FRACTIONAL SHARE LIQUIDATIONS TO THE FINRA/NASDAQ TRADE REPORTING FACILITY OR THE OVER-THE-COUNTER
REPORTING FACILITY IN VIOLATION OF FINRA RULES 6380A, 6622 AND 2010; AND (2) FAILED TO ESTABLISH, MAINTAIN AND ENFORCE A SUPERVISORY
SYSTEM, INCLUDING WRITTEN SUPERVISORY PROCEDURES, REASONABLY DESIGNED TO COMPLY WITH ITS TRADE REPORTING OBLIGATIONS FOR
FRACTIONAL SHARE TRADES, IN VIOLATION OF FINRA RULES 3110(A) AND (B) AND 2010.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Acceptance, Waiver & Consent(AWC)
11. Resolution Date (MM/DD/YYYY):
06/16/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 125,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE FINDINGS IN THE AWC, THE FIRM AGREED TO BE CENSURED, PAY A $125,000 FINE AND COMPLETE
CERTAIN UNDERTAKINGS. THE FINE WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE AWC.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON JUNE 16 2026, THE FIRM BECAME SUBJECT TO AN AWC ISSUED BY FINRA REGARDING THE ALLEGATIONS DISCUSSED IN RESPONSE TO ITEM 7.
WITHOUT ADMITTING OR DENYING THE FINDINGS IN THE AWC, THE FIRM AGREED TO BE CENSURED, PAY A $125,000 FINE AND COMPLETE CERTAIN
UNDERTAKINGS. THE FINE WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE AWC.regulatory · block 30PDF pages 289–291
- Regulator name — filed text
- STATE OF MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS, CORPORATIONS, SECURITIES, AND COMMERCIAL LICENSING BUREAU
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON JUNE 5, 2026, THE BUREAU ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MCL 451.2412(4)(I). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MCL 451.2412(4)(I), TO PROVIDE RESTITUTION TO AFFECTED MICHIGAN CUSTOMERS IN AN AMOUNT NO LESS THAN $397,295.72, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE STATE OF MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS, CORPORATIONS, SECURITIES, AND COMMERCIAL LICENSING BUREAU (THE "BUREAU") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF MCL 451.2412(4)(I).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MCL 451.2412(4)(I), TO PROVIDE RESTITUTION TO AFFECTED MICHIGAN CUSTOMERS IN AN AMOUNT NO LESS THAN $397,295.72, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS, CORPORATIONS, SECURITIES, AND COMMERCIAL LICENSING BUREAU
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
06/05/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ENF-25-020116
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE STATE OF MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS,
CORPORATIONS, SECURITIES, AND COMMERCIAL LICENSING BUREAU (THE "BUREAU") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1,
2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
MCL 451.2412(4)(I).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
06/05/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MCL 451.2412(4)(I), TO PROVIDE RESTITUTION TO AFFECTED MICHIGAN
CUSTOMERS IN AN AMOUNT NO LESS THAN $397,295.72, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH
CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON JUNE 5, 2026, THE BUREAU ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
MCL 451.2412(4)(I). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE
IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF MCL 451.2412(4)(I), TO PROVIDE RESTITUTION TO AFFECTED
MICHIGAN CUSTOMERS IN AN AMOUNT NO LESS THAN $397,295.72, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH
CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 31PDF pages 291–293
- Regulator name — filed text
- NORTH DAKOTA INSURANCE AND SECURITIES DEPARTMENT
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON JUNE 26, 2026, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF N.D.C.C SECTION 10-04-11(1)(M). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF N.D.C.C SECTION 10-04-11(1)(M), TO PROVIDE RESTITUTION TO AFFECTED NORTH DAKOTA CUSTOMERS IN AN AMOUNT NO LESS THAN $46,425.80, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE NORTH DAKOTA INSURANCE COMMISSIONER (THE "COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF N.D.C.C SECTION 10-04-11(1)(M).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF N.D.C.C SECTION 10-04-11(1)(M), TO PROVIDE RESTITUTION TO AFFECTED NORTH DAKOTA CUSTOMERS IN AN AMOUNT NO LESS THAN $46,425.80, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
NORTH DAKOTA INSURANCE AND SECURITIES DEPARTMENT
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
06/26/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
CASE NUMBER: SO-25-908
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE NORTH DAKOTA INSURANCE COMMISSIONER (THE "COMMISSIONER") ALLEGED
THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD
JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE
CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS
CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF N.D.C.C SECTION 10-04-11(1)(M).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
06/26/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF N.D.C.C SECTION 10-04-11(1)(M), TO PROVIDE RESTITUTION TO AFFECTED
NORTH DAKOTA CUSTOMERS IN AN AMOUNT NO LESS THAN $46,425.80, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO
COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE
CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON JUNE 26, 2026, THE COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE
EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT
INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF
N.D.C.C SECTION 10-04-11(1)(M). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO
THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF N.D.C.C SECTION 10-04-11(1)(M), TO PROVIDE
RESTITUTION TO AFFECTED NORTH DAKOTA CUSTOMERS IN AN AMOUNT NO LESS THAN $46,425.80, TO PAY A MONETARY FINE IN THE AMOUNT OF
$100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE
TERMS OF THE CONSENT ORDER.regulatory · block 32PDF pages 293–295
- Regulator name — filed text
- SECURITIES DIVISION OF THE SECRETARY OF THE COMMONWEALTH OF MASSACHUSETTS
- Monetary/Fine Amount — filed text
- $ 50,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON JUNE 16, 2026, THE DIVISION ALLEGED THAT, EDWARD JONES FAILED TO ENSURE ONE OF ITS INVESTMENT ADVISER REPRESENTATIVES WAS PROPERLY REGISTERED WITH MASSACHUSETTS, IN VIOLATION OF M.G.L. C. 110A, SECTION 201(D)(II). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF M.G.L. C. 110A AND THE REGULATIONS PROMULGATED THEREUNDER AT 950 CRM 10.00-14.413, TO PAY A MONETARY FINE IN THE AMOUNT OF $50,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE HAS BEEN PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY THE REGISTRATION, INSPECTIONS, COMPLIANCE, AND EXAMINATIONS ("RICE") SECTION OF THE SECURITIES DIVISION OF THE OFFICE OF THE SECRETARY OF THE COMMONWEALTH OF MASSACHUSETTS (THE "DIVISION"), THE DIVISION ALLEGED THAT, EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE THAT ONE OF ITS INVESTMENT ADVISER REPRESENTATIVES WAS PROPERLY REGISTERED WITH MASSACHUSETTS, IN VIOLATION OF M.G.L. C. 110A, SECTION 201(D)(II).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF M.G.L. C. 110A AND THE REGULATIONS PROMULGATED THEREUNDER AT 950 CRM 10.00-14.413, TO PAY A MONETARY FINE IN THE AMOUNT OF $50,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
SECURITIES DIVISION OF THE SECRETARY OF THE COMMONWEALTH OF MASSACHUSETTS
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
06/16/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DOCKET NO. R-2026-1072
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY THE REGISTRATION, INSPECTIONS, COMPLIANCE, AND EXAMINATIONS ("RICE") SECTION OF
THE SECURITIES DIVISION OF THE OFFICE OF THE SECRETARY OF THE COMMONWEALTH OF MASSACHUSETTS (THE "DIVISION"), THE DIVISION
ALLEGED THAT, EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE THAT ONE OF ITS INVESTMENT ADVISER REPRESENTATIVES WAS
PROPERLY REGISTERED WITH MASSACHUSETTS, IN VIOLATION OF M.G.L. C. 110A, SECTION 201(D)(II).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
06/16/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 50,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
REVIEW WRITTEN SUPERVISORY POLICIES AND PROCEDURES
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF M.G.L. C. 110A AND THE REGULATIONS PROMULGATED THEREUNDER AT 950
CRM 10.00-14.413, TO PAY A MONETARY FINE IN THE AMOUNT OF $50,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE
WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON JUNE 16, 2026, THE DIVISION ALLEGED THAT, EDWARD JONES FAILED TO ENSURE ONE OF ITS INVESTMENT ADVISER REPRESENTATIVES WAS
PROPERLY REGISTERED WITH MASSACHUSETTS, IN VIOLATION OF M.G.L. C. 110A, SECTION 201(D)(II). WITHOUT ADMITTING OR DENYING THE
STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT
IN VIOLATION OF M.G.L. C. 110A AND THE REGULATIONS PROMULGATED THEREUNDER AT 950 CRM 10.00-14.413, TO PAY A MONETARY FINE IN THE
AMOUNT OF $50,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE HAS BEEN PAID IN ACCORDANCE WITH THE TERMS OF THE
CONSENT ORDER.regulatory · block 33PDF pages 295–297
- Regulator name — filed text
- STATE OF NEW JERSEY DEPARTMENT OF BANKING AND INSURANCE
- Monetary/Fine Amount — filed text
- $ 5,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON AUGUST 24, 2026, THE COMMISSIONER ALLEGED THAT, EDWARD JONES FAILED TO REPORT A CONSENT ORDER ISSUED ON JANUARY 8, 2025 BY THE NJBOS TO THE COMMISSIONER, WITHIN 30 DAYS OF THE DISCIPLINARY ACTION, IN VIOLATION OF N.J.S.A. 17:22A-40A(2) AND (19). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF N.J.S.A. 17:22A-40A(2) AND (19), AND TO PAY A MONETARY FINE IN THE AMOUNT OF $5,000. THE MONETARY FINE WAS PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER ON JULY 20, 2026.
Other filed details
Description of allegations — filed text
THE COMMISSIONER OF BANKING AND INSURANCE (THE "COMMISSIONER"), STATE OF NEW JERSEY, ALLEGED THAT, EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO REPORT A CONSENT ORDER ISSUED ON JANUARY 8, 2025 BY THE NEW JERSEY BUREAU OF SECURITIES ("NJBOS") TO THE COMMISSIONER, WITHIN 30 DAYS OF THE DISCIPLINARY ACTION, IN VIOLATION OF N.J.S.A. 17:22A-40A(2) AND (19).
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF N.J.S.A. 17:22A-40A(2) AND (19), AND TO PAY A MONETARY FINE IN THE AMOUNT OF $5,000. THE MONETARY FINE WAS PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER ON JULY 20, 2026.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
STATE OF NEW JERSEY DEPARTMENT OF BANKING AND INSURANCE
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
CEASE AND DESIST
3.
Date Initiated (MM/DD/YYYY):
08/24/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ORDER NUMBER: E26-96
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
THE COMMISSIONER OF BANKING AND INSURANCE (THE "COMMISSIONER"), STATE OF NEW JERSEY, ALLEGED THAT, EDWARD D. JONES & CO., L.P.
("EDWARD JONES") FAILED TO REPORT A CONSENT ORDER ISSUED ON JANUARY 8, 2025 BY THE NEW JERSEY BUREAU OF SECURITIES ("NJBOS") TO THE
COMMISSIONER, WITHIN 30 DAYS OF THE DISCIPLINARY ACTION, IN VIOLATION OF N.J.S.A. 17:22A-40A(2) AND (19).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
08/24/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 5,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO CEASE AND DESIST FROM
CONDUCT IN VIOLATION OF N.J.S.A. 17:22A-40A(2) AND (19), AND TO PAY A MONETARY FINE IN THE AMOUNT OF $5,000. THE MONETARY FINE
WAS PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER ON JULY 20, 2026.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON AUGUST 24, 2026, THE COMMISSIONER ALLEGED THAT, EDWARD JONES FAILED TO REPORT A CONSENT ORDER ISSUED ON JANUARY 8, 2025 BY THE
NJBOS TO THE COMMISSIONER, WITHIN 30 DAYS OF THE DISCIPLINARY ACTION, IN VIOLATION OF N.J.S.A. 17:22A-40A(2) AND (19). WITHOUT
ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO CEASE AND DESIST FROM CONDUCT IN
VIOLATION OF N.J.S.A. 17:22A-40A(2) AND (19), AND TO PAY A MONETARY FINE IN THE AMOUNT OF $5,000. THE MONETARY FINE WAS PAID IN
ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER ON JULY 20, 2026.regulatory · block 34PDF pages 297–299
- Regulator name — filed text
- KANSAS DEPARTMENT OF INSURANCE, SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON AUGUST 20, 2026, THE ASSISTANT COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF K.A.R. 81-3-7(A)(4) AND K.S.A. 17-12A412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF K.A.R. 81- 3-7(A)(4) AND K.S.A. 17-12A412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED KANSAS CUSTOMERS IN AN AMOUNT NO LESS THAN $186,475.73, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE KANSAS DEPARTMENT OF INSURANCE ASSISTANT COMMISSIONER, SECURITIES DIVISION ("ASSISTANT COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF K.A.R. 81-3-7(A)(4) AND K.S.A. 17- 12A412(D)(9).
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
y
g
g
y
y
y
(
)
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
KANSAS DEPARTMENT OF INSURANCE, SECURITIES DIVISION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
08/20/2026
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
DOCKET NO.: 27E016, KSC NO.: 2027-7597
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE KANSAS DEPARTMENT OF INSURANCE ASSISTANT COMMISSIONER, SECURITIES
DIVISION ("ASSISTANT COMMISSIONER") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME
PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND
REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION
CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF K.A.R. 81-3-7(A)(4) AND K.S.A. 17-
12A412(D)(9).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
08/20/2026
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
g
g
y
p
p
p
g
y
y
p
y p
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF K.A.R. 81-3-7(A)(4) AND K.S.A. 17-12A412(D)(9), TO PROVIDE RESTITUTION
TO AFFECTED KANSAS CUSTOMERS IN AN AMOUNT NO LESS THAN $186,475.73, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO
COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE
CONSENT ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON AUGUST 20, 2026, THE ASSISTANT COMMISSIONER ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN
TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY
TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE
COMMISSION, IN VIOLATION OF K.A.R. 81-3-7(A)(4) AND K.S.A. 17-12A412(D)(9). WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR
VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF K.A.R. 81-
3-7(A)(4) AND K.S.A. 17-12A412(D)(9), TO PROVIDE RESTITUTION TO AFFECTED KANSAS CUSTOMERS IN AN AMOUNT NO LESS THAN $186,475.73, TO
PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION
WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 35PDF pages 299–301
- Regulator name — filed text
- THE COLORADO DIVISION OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
EDWARD JONES WAS NOTIFIED ON SEPTEMBER 22, 2026 THAT COLORADO ENTERED AN ORDER. THE DIVISION ALLEGED THAT, DURING THE TIME PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 11-51-410(1)(I), C.R.S. WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 11-51-410(1)(I), C.R.S., TO PROVIDE RESTITUTION TO AFFECTED COLORADO CUSTOMERS IN AN AMOUNT NO LESS THAN $231,455.29, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Other filed details
Description of allegations — filed text
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE COLORADO DIVISION OF SECURITIES ("THE DIVISION") ALLEGED THAT, DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES") FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 11-51-410(1)(I), C.R.S.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 11-51-410(1)(I), C.R.S., TO PROVIDE RESTITUTION TO AFFECTED COLORADO CUSTOMERS IN AN AMOUNT NO LESS THAN $231,455.29, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
THE COLORADO DIVISION OF SECURITIES
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
RESTITUTION; CENSURE; CEASE AND DESIST; AND UNDERTAKINGS
3.
Date Initiated (MM/DD/YYYY):
09/22/2026
Exact
Explanation
If not exact, provide explanation:
SEPTEMBER 22 WAS THE DATE THE FIRM RECEIVED THE EXECUTED ORDER.
4.
Docket/Case Number:
2025-CDS-034
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN CONNECTION WITH AN INVESTIGATION CONDUCTED BY A MULTISTATE TASK FORCE COORDINATED AMONG CERTAIN MEMBERS OF THE NORTH
AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION ("NASAA"), THE COLORADO DIVISION OF SECURITIES ("THE DIVISION") ALLEGED THAT,
DURING THE PERIOD OF APPROXIMATELY MAY 1, 2020 TO APRIL 30, 2025 (THE "TIME PERIOD"), EDWARD D. JONES & CO., L.P. ("EDWARD JONES")
FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY SUPERVISE CERTAIN
SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES CHARGED ITS CUSTOMERS A
REASONABLE COMMISSION, IN VIOLATION OF SECTION 11-51-410(1)(I), C.R.S.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
09/22/2026
Exact
Explanation
If not exact, provide explanation:
SEPTEMBER 22 WAS THE DATE THE FIRM RECEIVED THE EXECUTED ORDER.
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
WITHOUT ADMITTING OR DENYING THE STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A
CENSURE, TO CEASE AND DESIST FROM CONDUCT IN VIOLATION OF SECTION 11-51-410(1)(I), C.R.S., TO PROVIDE RESTITUTION TO AFFECTED
COLORADO CUSTOMERS IN AN AMOUNT NO LESS THAN $231,455.29, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY
WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT
ORDER.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
EDWARD JONES WAS NOTIFIED ON SEPTEMBER 22, 2026 THAT COLORADO ENTERED AN ORDER. THE DIVISION ALLEGED THAT, DURING THE TIME
PERIOD, EDWARD JONES FAILED TO ENSURE CERTAIN TRANSACTIONS WERE EXECUTED AT A FAIR AND REASONABLE PRICE AND DID NOT REASONABLY
SUPERVISE CERTAIN SMALL PRINCIPAL EQUITY TRANSACTIONS THAT INCLUDED MINIMUM COMMISSION CHARGES TO ENSURE EDWARD JONES
CHARGED ITS CUSTOMERS A REASONABLE COMMISSION, IN VIOLATION OF SECTION 11-51-410(1)(I), C.R.S. WITHOUT ADMITTING OR DENYING THE
STATEMENT OF FACTS OR VIOLATIONS OF LAW, EDWARD JONES AGREED TO THE IMPOSITION OF A CENSURE, TO CEASE AND DESIST FROM CONDUCT
IN VIOLATION OF SECTION 11-51-410(1)(I), C.R.S., TO PROVIDE RESTITUTION TO AFFECTED COLORADO CUSTOMERS IN AN AMOUNT NO LESS THAN
$231,455.29, TO PAY A MONETARY FINE IN THE AMOUNT OF $100,000, AND TO COMPLY WITH CERTAIN UNDERTAKINGS. THE MONETARY FINE AND THE
RESTITUTION WILL BE PAID IN ACCORDANCE WITH THE TERMS OF THE CONSENT ORDER.regulatory · block 36PDF pages 301–303
- Regulator name — filed text
- VIRGINIA - DIVISION OF SECURITIES
- How was matter resolved — filed text
- Settled
Other filed details
Description of allegations — filed text
IN APRIL 2002 THE VIRGINIA STATE CORPORATION COMMISSION, DIVISION OF SECURITIES AND RETAIL FRANCHISING (THE "DIVISION") COMMENCED AN INVESTIGATION INTO EDWARD JONES BASED ON ACTIONS OF A FORMER FINANCIAL ADVISOR AND HIS RECOMMENDATION FOR USE OF MARGIN DATING BACK TO 1998. AFTER INVESTIGATING THE MATTER, THE DIVISION ALLEGED THAT EDWARD JONES CONDUCTED ACTIVITY THAT CONSTITUTED A VIOLATION OF THE VIRGINIA SECURITIES ACT AND PROVISIONS OF THE CODE OF VIRGINIA: (I) BY ENGAGING IN A TRANSACTION, PRACTICE OR COURSE OF BUSINESS WHICH OPERATES AS A FRAUD OR DECEIT UPON A PURCHASER; (II) BY FAILING TO MAKE AND KEEP TRUE, ACCURATE AND CURRENT, AND PRESERVE THE BOOKS AND RECORDS RELATING TO ITS BUSINESS; (III) BY FAILING TO ESTABLISH, MAINTAIN AND ENFORCE WRITTEN PROCEDURES; (IV) BY FAILING TO PERFORM FREQUENT EXAMINATIONS OF ALL CUSTOMER ACCOUNTS TO DETECT AND PREVENT IRREGULARITIES OR ABUSES; AND (V) BY FAILING TO REVIEW AND RECEIVE WRITTEN APPROVAL BY THE DESIGNATED SUPERVISOR OF THE DELEGATION BY ANY CUSTOMER OF DISCRETIONARY AUTHORITY WITH RESPECT TO THE CUSTOMER'S ACCOUNT.
Sanction detail — filed text
EDWARD JONES WILL OFFER TO PAY 50% OF THE EQUITY LOSSES INCURRED BY FOUR VIRGINIA INVESTORS IDENTIFIED BY THE DIVISION. EDWARD JONES WILL OFFER A REBATE OF 65% OF THE MARGIN INTEREST PAID BY THE VIRGINIA INVESTORS IDENTIFIED TO THE DIVISION AND WHO HAD A MARGIN LOAN BETWEEN JANUARY 1, 1998 AND JUNE 30, 2001.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) VIRGINIA - DIVISION OF SECURITIES 2. Principal Sanction: Restitution Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 03/19/2010 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: SEC-2007-00021 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: MARGIN LOANS 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): IN APRIL 2002 THE VIRGINIA STATE CORPORATION COMMISSION, DIVISION OF SECURITIES AND RETAIL FRANCHISING (THE "DIVISION") COMMENCED AN INVESTIGATION INTO EDWARD JONES BASED ON ACTIONS OF A FORMER FINANCIAL ADVISOR AND HIS RECOMMENDATION FOR USE OF MARGIN DATING BACK TO 1998. AFTER INVESTIGATING THE MATTER, THE DIVISION ALLEGED THAT EDWARD JONES CONDUCTED ACTIVITY THAT CONSTITUTED A VIOLATION OF THE VIRGINIA SECURITIES ACT AND PROVISIONS OF THE CODE OF VIRGINIA: (I) BY ENGAGING IN A TRANSACTION, PRACTICE OR COURSE OF BUSINESS WHICH OPERATES AS A FRAUD OR DECEIT UPON A PURCHASER; (II) BY FAILING TO MAKE AND KEEP TRUE, ACCURATE AND CURRENT, AND PRESERVE THE BOOKS AND RECORDS RELATING TO ITS BUSINESS; (III) BY FAILING TO ESTABLISH, MAINTAIN AND ENFORCE WRITTEN PROCEDURES; (IV) BY FAILING TO PERFORM FREQUENT EXAMINATIONS OF ALL CUSTOMER ACCOUNTS TO DETECT AND PREVENT IRREGULARITIES OR ABUSES; AND (V) BY FAILING TO REVIEW AND RECEIVE WRITTEN APPROVAL BY THE DESIGNATED SUPERVISOR OF THE DELEGATION BY ANY CUSTOMER OF DISCRETIONARY AUTHORITY WITH RESPECT TO THE CUSTOMER'S ACCOUNT. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Settled 11. Resolution Date (MM/DD/YYYY): 07/02/2010 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES WILL OFFER TO PAY 50% OF THE EQUITY LOSSES INCURRED BY FOUR VIRGINIA INVESTORS IDENTIFIED BY THE DIVISION. EDWARD JONES WILL OFFER A REBATE OF 65% OF THE MARGIN INTEREST PAID BY THE VIRGINIA INVESTORS IDENTIFIED TO THE DIVISION AND WHO HAD A MARGIN LOAN BETWEEN JANUARY 1, 1998 AND JUNE 30, 2001. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 37PDF pages 303–304
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Censure Other Sanctions: MONETARY FINE. 3. Date Initiated (MM/DD/YYYY): 11/02/2006 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2006006509601 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Debt - Municipal Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): FINRA ALLEGED EDWARD JONES VIOLATED MSRB RULE G-32 BY FAILING TO TIMELY DELIVER OFFICIAL STATEMENTS TO CERTAIN CUSTOMERS IN VARIOUS TRANSACTIONS WHEN EDWARD JONES WAS NOT AN UNDERWRITER OR MEMBER OF THE SYNDICATE. FINRA ALLEGED EDWARD JONES VIOLATED MSRB RULES G-8, G-27, AND G-17 IN REGARDS TO CERTAIN RECORD KEEPING REQUIREMENTS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 04/09/2009 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 900,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: UNDERTAKING. Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: WITHOUT ADMITTING OR DENYING THE FINDINGS, EDWARD JONES CONSENTED TO THE DESCRIBED SANCTIONS AND ENTRY OF FINDINGS AND WAS CENSURED AND FINED $900,000. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). EDWARD JONES IS ALSO REQUIRED WITHIN 60 DAYS OF NOTICE OF ACCEPTANCE OF THIS AWC TO ADOPT AND IMPLEMENT SYSTEMS AND PROCEDURES REASONABLY DESIGNED TO ENSURE COMPLIANCE WITH MSRB RULES G-32 AND G-8, INCLUDING SYSTEMS AND PROCEDURES TO PROVIDE ADEQUATE OVERSIGHT IF THIRD PARTY VENDORS ARE UTILIZED, AND PROVIDE CERTIFICATION BY THE PRINCIPAL OF OPERATIONS THAT EDWARD JONES HAS ADOPTED AND IMPLEMENTED SUPERVISORY SYSTEMS AND PROCEDURES TO ENSURE COMPLIANCE WITH MSRB RULES G-32 AND G- 8.
regulatory · block 38PDF pages 304–306
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 200,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
g g y (y p p p ) FINRA ALLEGED EDWARD JONES VIOLATED NASD RULES 2110, 3010(A), 3012(A)(2)(B)(I) BY FAILING TO ESTABLISH, MAINTAIN AND ENFORCE A SUPERVISORY SYSTEM, INCLUDING WRITTEN SUPERVISORY PROCEDURES THAT WERE REASONABLY DESIGNED TO REVIEW AND MONITOR ALL TRANSMITTALS OF FUNDS FROM THE ACCOUNTS OF CUSTOMERS TO THIRD PARTY ACCOUNTS. EDWARD JONES ALLEGEDLY RELIED ON A DEFECTIVE REPORT, WHICH WAS INCOMPLETE AND INACCURATE, TO REVIEW AND MONITOR THIRD PARTY WIRES FROM CUSTOMER ACCOUNTS, AND FAILED TO PROPERLY TEST AND VERIFY THE SYTEM PROVIDING THE REPORT WAS FUNCTIONING PROPERLY. AS A RESULT, THE REPORT FAILED TO INDENTIFY WIRES FROM ACCOUNTS FROM WHICH A FORMER EDWARD JONES FINANCIAL ADVISOR WAS CONVERTING FUNDS, AND THE FINANCIAL ADVISOR ULTIMATELY CONVERTED OVER $3 MILLION IN CUSTOMER FUNDS.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE FINDINGS, EDWARD JONES WAS CENSURED AND FINED $200,000.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Other Other Sanctions: N/A 3. Date Initiated (MM/DD/YYYY): 08/03/2009 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2007010537701 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): g g y (y p p p ) FINRA ALLEGED EDWARD JONES VIOLATED NASD RULES 2110, 3010(A), 3012(A)(2)(B)(I) BY FAILING TO ESTABLISH, MAINTAIN AND ENFORCE A SUPERVISORY SYSTEM, INCLUDING WRITTEN SUPERVISORY PROCEDURES THAT WERE REASONABLY DESIGNED TO REVIEW AND MONITOR ALL TRANSMITTALS OF FUNDS FROM THE ACCOUNTS OF CUSTOMERS TO THIRD PARTY ACCOUNTS. EDWARD JONES ALLEGEDLY RELIED ON A DEFECTIVE REPORT, WHICH WAS INCOMPLETE AND INACCURATE, TO REVIEW AND MONITOR THIRD PARTY WIRES FROM CUSTOMER ACCOUNTS, AND FAILED TO PROPERLY TEST AND VERIFY THE SYTEM PROVIDING THE REPORT WAS FUNCTIONING PROPERLY. AS A RESULT, THE REPORT FAILED TO INDENTIFY WIRES FROM ACCOUNTS FROM WHICH A FORMER EDWARD JONES FINANCIAL ADVISOR WAS CONVERTING FUNDS, AND THE FINANCIAL ADVISOR ULTIMATELY CONVERTED OVER $3 MILLION IN CUSTOMER FUNDS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 06/02/2010 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 200,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: WITHOUT ADMITTING OR DENYING THE FINDINGS, EDWARD JONES WAS CENSURED AND FINED $200,000. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 39PDF pages 306–308
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 55,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
FINRA RULE 4560, NASD RULES 2110, 2320, 3010, 3360, MSRB RULES G-17, G-30(A) - FINRA ALLEGED THAT: 1. IN 31 CORPORATE FIXED INCOME TRANSACTIONS FOR OR WITH A CUSTOMER, EDWARD D. JONES & CO., L.P. FAILED TO USE REASONABLE DILIGENCE TO ASCERTAIN THE BEST INTER- DEALER MARKET AND FAILED TO BUY OR SELL IN SUCH MARKET SO THAT THE RESULTANT PRICE TO ITS CUSTOMER WAS AS FAVORABLE AS POSSIBLE UNDER PREVAILING MARKET CONDITIONS. 2. THE FIRM'S SUPERVISORY SYSTEM DID NOT PROVIDE FOR SUPERVISION REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH APPLICABLE SECURITIES LAWS, REGULATIONS AND NASD RULES CONCERNING BEST EXECUTION OF CORPORATE FIXED INCOME TRANSACTIONS. 3. IN 10 TRANSACTIONS, THE FIRM PURCHASED MUNICIPAL SECURITIES FOR ITS OWN ACCOUNT FROM A CUSTOMER AND/OR SOLD MUNICIPAL SECURITIES FOR ITS OWN ACCOUNT TO A CUSTOMER AT AN AGGREGATE PRICE (INCLUDING ANY MARKDOWN OR MARKUP) THAT WAS NOT FAIR AND REASONABLE, TAKING INTO CONSIDERATION ALL RELEVANT FACTORS, INCLUDING THE BEST JUDGMENT OF THE BROKER, DEALER OR MUNICIPAL SECURITIES DEALER AS TO THE FAIR MARKET VALUE OF THE SECURITIES AT THE TIME OF THE TRANSACTION AND OF ANY SECURITIES EXCHANGED OR TRADED IN CONNECTION WITH THE TRANSACTIONS, THE EXPENSE INVOLVED IN EFFECTING THE TRANSACTION, THE FACT THAT THE BROKER, DEALER OR MUNICIPAL SECURITIES DEALER WAS ENTITLED TO A PROFIT, AND THE TOTAL DOLLAR AMOUNT OF THE TRANSACTION. 4. THE FIRM SUBMITTED INACCURATE SHORT INTEREST POSITION REPORTS TO NASD OR FINRA.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, THE FIRM WAS CENSURED, FINED $55,000, OF WHICH $15,000 WAS FOR MSRB VIOLATIONS, AND ORDERED TO PAY $13,231.52 PLUS INTEREST IN RESTITUTION TO CUSTOMERS.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is Yes, no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Censure Other Sanctions: FINE; RESTITUTION 3. Date Initiated (MM/DD/YYYY): 09/21/2007 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2006005438901 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Debt - Corporate Other Product Types: DEBT - MUNICIPAL 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): FINRA RULE 4560, NASD RULES 2110, 2320, 3010, 3360, MSRB RULES G-17, G-30(A) - FINRA ALLEGED THAT: 1. IN 31 CORPORATE FIXED INCOME TRANSACTIONS FOR OR WITH A CUSTOMER, EDWARD D. JONES & CO., L.P. FAILED TO USE REASONABLE DILIGENCE TO ASCERTAIN THE BEST INTER- DEALER MARKET AND FAILED TO BUY OR SELL IN SUCH MARKET SO THAT THE RESULTANT PRICE TO ITS CUSTOMER WAS AS FAVORABLE AS POSSIBLE UNDER PREVAILING MARKET CONDITIONS. 2. THE FIRM'S SUPERVISORY SYSTEM DID NOT PROVIDE FOR SUPERVISION REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH APPLICABLE SECURITIES LAWS, REGULATIONS AND NASD RULES CONCERNING BEST EXECUTION OF CORPORATE FIXED INCOME TRANSACTIONS. 3. IN 10 TRANSACTIONS, THE FIRM PURCHASED MUNICIPAL SECURITIES FOR ITS OWN ACCOUNT FROM A CUSTOMER AND/OR SOLD MUNICIPAL SECURITIES FOR ITS OWN ACCOUNT TO A CUSTOMER AT AN AGGREGATE PRICE (INCLUDING ANY MARKDOWN OR MARKUP) THAT WAS NOT FAIR AND REASONABLE, TAKING INTO CONSIDERATION ALL RELEVANT FACTORS, INCLUDING THE BEST JUDGMENT OF THE BROKER, DEALER OR MUNICIPAL SECURITIES DEALER AS TO THE FAIR MARKET VALUE OF THE SECURITIES AT THE TIME OF THE TRANSACTION AND OF ANY SECURITIES EXCHANGED OR TRADED IN CONNECTION WITH THE TRANSACTIONS, THE EXPENSE INVOLVED IN EFFECTING THE TRANSACTION, THE FACT THAT THE BROKER, DEALER OR MUNICIPAL SECURITIES DEALER WAS ENTITLED TO A PROFIT, AND THE TOTAL DOLLAR AMOUNT OF THE TRANSACTION. 4. THE FIRM SUBMITTED INACCURATE SHORT INTEREST POSITION REPORTS TO NASD OR FINRA. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 04/10/2012 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 55,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, THE FIRM WAS CENSURED, FINED $55,000, OF WHICH $15,000 WAS FOR MSRB VIOLATIONS, AND ORDERED TO PAY $13,231.52 PLUS INTEREST IN RESTITUTION TO CUSTOMERS. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 40PDF pages 308–310
- Regulator name — filed text
- MISSOURI SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 40,500.00
- How was matter resolved — filed text
- Consent
Other filed details
Description of allegations — filed text
IN JULY 2009, THE MISSOURI SECURITIES DIVISION (THE "DIVISION") BEGAN AN INVESTIGATION REGARDING THE SALE OF A VARIABLE ANNUITY TO A CLIENT OF EDWARD JONES WHO IS NOW DECEASED. UPON COMPLETING ITS INVESTIGATION, THE DIVISION ALLEGED EDWARD JONES FAILED TO REASONABLY SUPERVISE ITS FINANCIAL ADVISOR BY FAILING TO REASONABLY REVIEW THE DEATH BENEFIT OPTIONS AVAILABLE FOR THE VARIABLE ANNUITY.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, EDWARD JONES ENTERED INTO A CONSENT ORDER WITH THE DIVISION AND AGREED TO PAY RESTITUTION OF $10,500 TO THE CLIENT'S BENEFICIARIES, $25,000 TO THE STATE'S INVESTOR EDUCATION FUND, AND $5,000 AS THE COST OF THE INVESTIGATION.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) MISSOURI SECURITIES DIVISION 2. Principal Sanction: Other Other Sanctions: CONSENT 3. Date Initiated (MM/DD/YYYY): 07/09/2010 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: AP-10-15 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Annuity(ies) - Variable Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): IN JULY 2009, THE MISSOURI SECURITIES DIVISION (THE "DIVISION") BEGAN AN INVESTIGATION REGARDING THE SALE OF A VARIABLE ANNUITY TO A CLIENT OF EDWARD JONES WHO IS NOW DECEASED. UPON COMPLETING ITS INVESTIGATION, THE DIVISION ALLEGED EDWARD JONES FAILED TO REASONABLY SUPERVISE ITS FINANCIAL ADVISOR BY FAILING TO REASONABLY REVIEW THE DEATH BENEFIT OPTIONS AVAILABLE FOR THE VARIABLE ANNUITY. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 07/09/2010 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 40,500.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, EDWARD JONES ENTERED INTO A CONSENT ORDER WITH THE DIVISION AND AGREED TO PAY RESTITUTION OF $10,500 TO THE CLIENT'S BENEFICIARIES, $25,000 TO THE STATE'S INVESTOR EDUCATION FUND, AND $5,000 AS THE COST OF THE INVESTIGATION. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 41PDF pages 310–312
- Regulator name — filed text
- STATE OF MONTANA
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
THIS MATTER HAS BEEN RESOLVED AS SET FORTH ABOVE.
Other filed details
Description of allegations — filed text
THE MONTANA SECURITIES DEPARTMENT INVESTIGATED THE ACTIONS OF A FORMER FINANCIAL ADVISOR FOR ALLEGEDLY MISAPPROPRIATING CUSTOMER FUNDS.
Sanction detail — filed text
EDWARD JONES TERMINATED THE FINANCIAL ADVISOR AND REPORTED THE MATTER TO THE MONTANA SECURITIES DEPARTMENT. EDWARD JONES AND THE MONTANA SECURITIES DEPARTMENT HAVE ENTERED INTO A CONSENT AGREEMENT WHICH INCLUDES EDWARD JONES PAYING A $100,000 FINE FOR A BOOKS AND RECORDS VIOLATION, PAYING SIX CUSTOMERS A TOTAL OF $349,464.92 IN RESTITUTION, STORING EXACT DUPLICATES OF CERTAIN TYPES OF IDENTIFIED NEGATIVE CONFIRMATION LETTERS, AND UNDERTAKING A REVIEW OF ITS WRITTEN SUPERVISORY PROCEDURES WITH RESPECT TO THE EXECUTION OF BLANK LETTERS OF AUTHORIZATION.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF MONTANA 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 03/02/2010 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: SEC-2010-32 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): THE MONTANA SECURITIES DEPARTMENT INVESTIGATED THE ACTIONS OF A FORMER FINANCIAL ADVISOR FOR ALLEGEDLY MISAPPROPRIATING CUSTOMER FUNDS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 11/09/2010 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 100,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES TERMINATED THE FINANCIAL ADVISOR AND REPORTED THE MATTER TO THE MONTANA SECURITIES DEPARTMENT. EDWARD JONES AND THE MONTANA SECURITIES DEPARTMENT HAVE ENTERED INTO A CONSENT AGREEMENT WHICH INCLUDES EDWARD JONES PAYING A $100,000 FINE FOR A BOOKS AND RECORDS VIOLATION, PAYING SIX CUSTOMERS A TOTAL OF $349,464.92 IN RESTITUTION, STORING EXACT DUPLICATES OF CERTAIN TYPES OF IDENTIFIED NEGATIVE CONFIRMATION LETTERS, AND UNDERTAKING A REVIEW OF ITS WRITTEN SUPERVISORY PROCEDURES WITH RESPECT TO THE EXECUTION OF BLANK LETTERS OF AUTHORIZATION. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THIS MATTER HAS BEEN RESOLVED AS SET FORTH ABOVE.
regulatory · block 42PDF pages 312–313
- Regulator name — filed text
- MAINE OFFICE OF SECURITIES
- Monetary/Fine Amount — filed text
- $ 10,000.00
- How was matter resolved — filed text
- Order
Action status / disposition — filed text
THIS MATTER HAS BEEN RESOLVED AS SET FORTH ABOVE.
Other filed details
Description of allegations — filed text
THE STATE OF MAINE OFFICE OF SECURITIES INVESTIGATED THE ACTIONS OF A FORMER FINANCIAL ADVISOR FOR ALLEGEDLY EXERCISING DISCRETION IN TWO CUSTOMER ACCOUNTS, AND INVESTIGATED EDWARD JONES TO DETERMINE WHETHER IT FAILED TO REASONABLY SUPERVISE THE FINANCIAL ADVISOR.
Sanction detail — filed text
EDWARD JONES AND THE OFFICE OF SECURITIES HAVE ENTERED INTO A CONSENT ORDER WHICH INCLUDES EDWARD JONES PAYING A $10,000 FINE, AND WHICH STATES THAT EDWARD JONES FAILED TO REASONABLY SUPERVISE THE FINANCIAL ADVISOR BY FAILING TO DETECT OR TAKE TIMELY ACTION REGARDING CONFLICTING INFORMATION PROVIDED BY THE FINANCIAL ADVISOR, AND FAILED TO DETECT OR ADEQUATELY INVESTIGATE THE FINANCIAL ADVISOR'S USE OF DISCRETION IN TWO CLIENT ACCOUNTS AND TO CONFIRM THE ACCURACY OF ITS REPRESENTATIONS TO THE OFFICE OF SECURITIES.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) MAINE OFFICE OF SECURITIES 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 10/15/2008 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 08-012 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: CD(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): THE STATE OF MAINE OFFICE OF SECURITIES INVESTIGATED THE ACTIONS OF A FORMER FINANCIAL ADVISOR FOR ALLEGEDLY EXERCISING DISCRETION IN TWO CUSTOMER ACCOUNTS, AND INVESTIGATED EDWARD JONES TO DETERMINE WHETHER IT FAILED TO REASONABLY SUPERVISE THE FINANCIAL ADVISOR. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Order 11. Resolution Date (MM/DD/YYYY): 10/28/2010 Exact Explanation If not exact, provide explanation: THE ORDER WAS SIGNED ON 10/28/2010, AND THE FINE PAID ON 11/04/2010. 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 10,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AND THE OFFICE OF SECURITIES HAVE ENTERED INTO A CONSENT ORDER WHICH INCLUDES EDWARD JONES PAYING A $10,000 FINE, AND WHICH STATES THAT EDWARD JONES FAILED TO REASONABLY SUPERVISE THE FINANCIAL ADVISOR BY FAILING TO DETECT OR TAKE TIMELY ACTION REGARDING CONFLICTING INFORMATION PROVIDED BY THE FINANCIAL ADVISOR, AND FAILED TO DETECT OR ADEQUATELY INVESTIGATE THE FINANCIAL ADVISOR'S USE OF DISCRETION IN TWO CLIENT ACCOUNTS AND TO CONFIRM THE ACCURACY OF ITS REPRESENTATIONS TO THE OFFICE OF SECURITIES. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THIS MATTER HAS BEEN RESOLVED AS SET FORTH ABOVE.
regulatory · block 43PDF pages 313–315
- Regulator name — filed text
- STATE OF INDIANA OFFICE OF THE SECRETARY OF STATE, SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 10,000.00
- How was matter resolved — filed text
- Consent
Other filed details
Description of allegations — filed text
g g y (y p p p ) IN JULY 2009, THE INDIANA SECRETARY OF STATE, SECURITIES DIVISION (THE "STATE") ALLEGED THAT EDWARD JONES FAILED TO SUPERVISE THE ACTIVITIES OF A NOW DECEASED FINANCIAL ADVISOR. SPECIFICALLY, THE STATE ALLEGED THE FINANCIAL ADVISOR WAS ABLE TO CHANGE THE PRIMARY ACCOUNT HOLDER AND SOCIAL SECURITY NUMBER ON AN ACCOUNT BY SUBMITTING A FORM TO THE HEADQUARTERS OFFICE WITHOUT THE REQUIRED NUMBER OF SIGNATURES, IN VIOLATION OF FIRM POLICY.
Sanction detail — filed text
ON MARCH 1, 2011, EDWARD JONES AND THE STATE ENTERED INTO A CONSENT AGREEMENT IN WHICH EDWARD JONES AGREED TO PAY THE STATE $10,000 TO RESOLVE THE MATTER, WITHOUT ANY ADMISSION OF FAULT OR WRONGDOING.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF INDIANA OFFICE OF THE SECRETARY OF STATE, SECURITIES DIVISION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 12/22/2010 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 10-0504 CA 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Other Product Types: SECURITIES 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): g g y (y p p p ) IN JULY 2009, THE INDIANA SECRETARY OF STATE, SECURITIES DIVISION (THE "STATE") ALLEGED THAT EDWARD JONES FAILED TO SUPERVISE THE ACTIVITIES OF A NOW DECEASED FINANCIAL ADVISOR. SPECIFICALLY, THE STATE ALLEGED THE FINANCIAL ADVISOR WAS ABLE TO CHANGE THE PRIMARY ACCOUNT HOLDER AND SOCIAL SECURITY NUMBER ON AN ACCOUNT BY SUBMITTING A FORM TO THE HEADQUARTERS OFFICE WITHOUT THE REQUIRED NUMBER OF SIGNATURES, IN VIOLATION OF FIRM POLICY. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 03/01/2011 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 10,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: ON MARCH 1, 2011, EDWARD JONES AND THE STATE ENTERED INTO A CONSENT AGREEMENT IN WHICH EDWARD JONES AGREED TO PAY THE STATE $10,000 TO RESOLVE THE MATTER, WITHOUT ANY ADMISSION OF FAULT OR WRONGDOING. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 44PDF pages 315–317
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 95,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
FINRA ALLEGES THAT EDWARD JONES VIOLATED NASD CONDUCT RULES 2110 AND 3010(B) AND FINRA RULE 2010. FINRA ALLEGES THAT EDWARD JONES FAILED TO ADEQUATELY REVIEW A CUSTOMER ACCOUNT THAT WAS UNDER HEIGHTENED SCRUTINY, AND FAILED TO RESPOND TO RED FLAGS THAT WOULD HAVE ALERTED IT TO THE ACTIVITIES OF AN ASSOCIATE WHO CONVERTED MONEY FROM THE ACCOUNT. THE ASSOCIATE WAS ABLE TO CONVERT $167,249 FROM THE CUSTOMER'S ACCOUNT BY USING FORGED LETTERS OF AUTHORIZATION TO EFFECT 51 WIRE TRANSFERS OUT OF THE ACCOUNT WITHOUT PERMISSION OR AUTHORITY.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, THE FIRM WAS CENSURED AND FINED $95,000.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Censure Other Sanctions: FINE 3. Date Initiated (MM/DD/YYYY): 02/08/2010 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2010021566902 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Other Product Types: WIRED FUNDS 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): FINRA ALLEGES THAT EDWARD JONES VIOLATED NASD CONDUCT RULES 2110 AND 3010(B) AND FINRA RULE 2010. FINRA ALLEGES THAT EDWARD JONES FAILED TO ADEQUATELY REVIEW A CUSTOMER ACCOUNT THAT WAS UNDER HEIGHTENED SCRUTINY, AND FAILED TO RESPOND TO RED FLAGS THAT WOULD HAVE ALERTED IT TO THE ACTIVITIES OF AN ASSOCIATE WHO CONVERTED MONEY FROM THE ACCOUNT. THE ASSOCIATE WAS ABLE TO CONVERT $167,249 FROM THE CUSTOMER'S ACCOUNT BY USING FORGED LETTERS OF AUTHORIZATION TO EFFECT 51 WIRE TRANSFERS OUT OF THE ACCOUNT WITHOUT PERMISSION OR AUTHORITY. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 07/02/2012 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 95,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, THE FIRM WAS CENSURED AND FINED $95,000. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 45PDF pages 317–319
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 35,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
ON JULY 13, 2012, FINRA ALLEGED THAT EDWARD JONES' PAYROLL DEPARTMENT PERIODICALLY RECEIVED GARNISHMENTS FROM JUDGMENT CREDITORS, TAX LEVIES FROM FEDERAL AND STATE TAXING AUTHORITIES, AND/OR BANKRUPTCY WAGE WITHHOLDING ORDERS INVOLVING EDWARD JONES FINANCIAL ADVISORS. FINRA ALLEGED THAT EDWARD JONES DID NOT ESTABLISH AND MAINTAIN WRITTEN SUPERVISORY PROCEDURES TO ENSURE THAT FINANCIAL ADVISORS' UNIFORM APPLICATIONS FOR SECURITIES INDUSTRY REGISTRATION OR TRANSFER (FORMS U4) WERE UPDATED TO REFLECT DISCLOSURES OF WHICH THE FIRM'S PAYROLL DEPARTMENT WAS ON NOTICE AND DID NOT TIMELY FILE FORM U4 AMENDMENTS, IN VIOLATION OF ARTICLE V, SECTION 2(C) OF THE FINRA BY-LAWS, FINRA RULE 2010, AND NASD RULES 2110 AND 3010(B). ON DECEMBER 17, 2012, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT IN WHICH EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $35,000.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE FINDINGS, EDWARD JONES CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS, THEREFORE EDWARD JONES WAS CENSURED AND FINED $35,000.00.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Other Other Sanctions: N/A 3. Date Initiated (MM/DD/YYYY): 12/17/2012 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2010025367601 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ON JULY 13, 2012, FINRA ALLEGED THAT EDWARD JONES' PAYROLL DEPARTMENT PERIODICALLY RECEIVED GARNISHMENTS FROM JUDGMENT CREDITORS, TAX LEVIES FROM FEDERAL AND STATE TAXING AUTHORITIES, AND/OR BANKRUPTCY WAGE WITHHOLDING ORDERS INVOLVING EDWARD JONES FINANCIAL ADVISORS. FINRA ALLEGED THAT EDWARD JONES DID NOT ESTABLISH AND MAINTAIN WRITTEN SUPERVISORY PROCEDURES TO ENSURE THAT FINANCIAL ADVISORS' UNIFORM APPLICATIONS FOR SECURITIES INDUSTRY REGISTRATION OR TRANSFER (FORMS U4) WERE UPDATED TO REFLECT DISCLOSURES OF WHICH THE FIRM'S PAYROLL DEPARTMENT WAS ON NOTICE AND DID NOT TIMELY FILE FORM U4 AMENDMENTS, IN VIOLATION OF ARTICLE V, SECTION 2(C) OF THE FINRA BY-LAWS, FINRA RULE 2010, AND NASD RULES 2110 AND 3010(B). ON DECEMBER 17, 2012, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT IN WHICH EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $35,000. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 12/17/2012 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 35,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: WITHOUT ADMITTING OR DENYING THE FINDINGS, EDWARD JONES CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS, THEREFORE EDWARD JONES WAS CENSURED AND FINED $35,000.00. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 46PDF pages 319–320
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 160,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
ON JUNE 7, 2013, FINRA ALLEGED THAT EDWARD JONES VIOLATED MSRB RULES G-17 AND G-30(A) BY PURCHASING MUNICIPAL SECURITIES FOR ITS OWN ACCOUNT FROM CUSTOMERS AND/OR SELLING MUNICIPAL SECURITIES FOR ITS OWN ACCOUNT TO CUSTOMERS AT AN AGGREGATE PRICE (INCLUDING ANY MARKDOWN OR MARKUP) THAT WAS NOT FAIR AND REASONABLE, TAKING INTO CONSIDERATION ALL RELEVANT FACTS, INCLUDING THE BEST JUDGMENT OF THE BROKER, DEALER OR MUNICIPAL SECURITIES DEALER AS TO THE FAIR MARKET VALUE OF THE SECURITIES AT THE TIME OF THE TRANSACTION AND OF ANY SECURITIES EXCHANGED OR TRADED IN CONNECTION WITH THE TRANSACTION, THE EXPENSE INVOLVED IN EFFECTING THE TRANSACTION, THE FACT THAT THE BROKER, DEALER, OR MUNICIPAL SECURITIES DEALER IS ENTITLED TO A PROFIT, AND THE TOTAL AMOUNT OF THE TRANSACTION. ON JUNE 7, 2013, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT IN WHICH EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $160,000.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE FINDINGS, EDWARD JONES CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS, THEREFORE EDWARD JONES WAS CENSURED AND FINED $160,000.00.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 06/07/2013 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2009018103101 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Debt - Municipal Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ON JUNE 7, 2013, FINRA ALLEGED THAT EDWARD JONES VIOLATED MSRB RULES G-17 AND G-30(A) BY PURCHASING MUNICIPAL SECURITIES FOR ITS OWN ACCOUNT FROM CUSTOMERS AND/OR SELLING MUNICIPAL SECURITIES FOR ITS OWN ACCOUNT TO CUSTOMERS AT AN AGGREGATE PRICE (INCLUDING ANY MARKDOWN OR MARKUP) THAT WAS NOT FAIR AND REASONABLE, TAKING INTO CONSIDERATION ALL RELEVANT FACTS, INCLUDING THE BEST JUDGMENT OF THE BROKER, DEALER OR MUNICIPAL SECURITIES DEALER AS TO THE FAIR MARKET VALUE OF THE SECURITIES AT THE TIME OF THE TRANSACTION AND OF ANY SECURITIES EXCHANGED OR TRADED IN CONNECTION WITH THE TRANSACTION, THE EXPENSE INVOLVED IN EFFECTING THE TRANSACTION, THE FACT THAT THE BROKER, DEALER, OR MUNICIPAL SECURITIES DEALER IS ENTITLED TO A PROFIT, AND THE TOTAL AMOUNT OF THE TRANSACTION. ON JUNE 7, 2013, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT IN WHICH EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $160,000. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 06/07/2013 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 160,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: WITHOUT ADMITTING OR DENYING THE FINDINGS, EDWARD JONES CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS, THEREFORE EDWARD JONES WAS CENSURED AND FINED $160,000.00. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 47PDF pages 321–322
- Regulator name — filed text
- NEBRASKA DEPARTMENT OF BANKING & FINANCE
- Monetary/Fine Amount — filed text
- $ 10,000.00
- How was matter resolved — filed text
- Consent
Other filed details
Description of allegations — filed text
THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE ALLEGED THAT EDWARD JONES: (1) FAILED TO MAINTAIN TRUE AND ACCURATE RECORDS; AND (2) FAILED TO MAINTAIN REQUIRED BOOKS AND RECORDS. THE ALLEGATIONS STEM FROM A SINGLE FINANCIAL ADVISOR'S HANDLING OF HER MINOR CHILD'S CUSTODIAL ACCOUNT.
Sanction detail — filed text
ON NOVEMBER 20, 2013, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A CONSENT ORDER IN WHICH EDWARD JONES WAS FINED $10,000 AND AGREED TO PAY $2,500 IN COSTS.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) NEBRASKA DEPARTMENT OF BANKING & FINANCE 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 06/23/2010 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): THE NEBRASKA DEPARTMENT OF BANKING AND FINANCE ALLEGED THAT EDWARD JONES: (1) FAILED TO MAINTAIN TRUE AND ACCURATE RECORDS; AND (2) FAILED TO MAINTAIN REQUIRED BOOKS AND RECORDS. THE ALLEGATIONS STEM FROM A SINGLE FINANCIAL ADVISOR'S HANDLING OF HER MINOR CHILD'S CUSTODIAL ACCOUNT. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 11/20/2013 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 10,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: COSTS OF $2,500. Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: ON NOVEMBER 20, 2013, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A CONSENT ORDER IN WHICH EDWARD JONES WAS FINED $10,000 AND AGREED TO PAY $2,500 IN COSTS. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 48PDF pages 322–324
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 200,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
ON JANUARY 9, 2014, FINRA ALLEGED THAT EDWARD JONES VIOLATED FINRA RULE 2010 AND NASD RULES 2110, 2310, AND 3010. FINRA ALLEGED THAT, FOR ALMOST A YEAR AND A HALF, EDWARD JONES ALLOWED ITS REGISTERED REPRESENTATIVES TO RECOMMEND NONTRADITIONAL EXCHANGE TRADED FUNDS (ETFS) TO CLIENTS WITHOUT FIRST CONDUCTING REASONABLE DUE DILIGENCE CONCERNING THOSE PRODUCTS. FINRA ALSO ALLEGED THAT EDWARD JONES DID NOT TRAIN OR ADEQUATELY EDUCATE ITS REGISTERED REPRESENTATIVES REGARDING NONTRADITIONAL ETFS BEFORE PERMITTING THEM TO RECOMMEND THEM TO CLIENTS AND THAT EDWARD JONES' REGISTERED REPRESENTATIVES PLACED NUMEROUS NONTRADITIONAL ETF TRANSACTIONS, AT A COMBINED VALUE OF APPROXIMATELY $164 MILLION, IN RETAIL CLIENTS' ACCOUNTS, DURING THE PERIOD. FINRA ALLEGED THAT CERTAIN EDWARD JONES REGISTERED REPRESENTATIVES RECOMMENDED NONTRADITIONAL ETFS TO CLIENTS WHO HAD NOT INDICATED A DESIRE TO TAKE AGGRESSIVE RISKS WITH THEIR ACCOUNTS AT EDWARD JONES AND THAT SOME OF THESE CLIENTS HELD THEIR NONTRADITIONAL ETF POSITIONS FOR WEEKS OR MONTHS AT A TIME. FINRA ASSERTED THAT NONTRADITIONAL ETFS ARE TYPICALLY NOT SUITABLE FOR RETAIL INVESTORS WHO PLAN TO HOLD THEM FOR MORE THAN ONE TRADING SESSION, PARTICULARLY IN VOLATILE MARKETS. FINRA ALLEGED THAT EDWARD JONES: (1) FAILED TO ESTABLISH AND MAINTAIN A SUPERVISORY SYSTEM, INCLUDING WRITTEN SUPERVISORY PROCEDURES, REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH APPLICABLE NASD OR FINRA RULES IN CONNECTION WITH THE SALE OF NONTRADITIONAL ETFS; (2) FAILED TO ESTABLISH AND MAINTAIN AN ADEQUATE SUPERVISORY SYSTEM TO MONITOR TRANSACTIONS IN NONTRADITIONAL ETFS INVOLVING ITS RETAIL CLIENTS; (3) DID NOT EXERCISE DUE DILIGENCE IN INVESTIGATING NONTRADITIONAL ETFS; (4) DID NOT ENSURE THAT ITS REGISTERED REPRESENTATIVES OBTAINED ADEQUATE INFORMATION AND INSTRUCTION REGARDING NONTRADITIONAL ETFS BEFORE RECOMMENDING THOSE PRODUCTS TO CLIENTS; AND (5) FOR THE PERIOD, DID NOT PROVIDE SUCH INFORMATION DIRECTLY TO REGISTERED REPRESENTATIVES OR REQUIRE THAT THEY OBTAIN IT FROM OTHER SOURCES. FINRA ALSO ALLEGED THAT EDWARD JONES' SUPERVISORY SYSTEM WAS INADEQUATE WITH RESPECT TO ITS OVERSIGHT OF NONTRADITIONAL ETF TRANSACTIONS AND UNTIL THE TIME WHEN FINRA ISSUED REGULATORY NOTICE 09-31, RELIED ON ITS GENERAL SUPERVISORY PROCEDURES TO OVERSEE TRANSACTIONS IN NONTRADITIONAL ETFS. FINRA ALLEGED THAT THOSE PROCEDURES DID NOT ADDRESS THE PRODUCTS' UNIQUE FEATURES AND RISKS, E.G., EDWARD JONES' SALES-EXCEPTION REPORTS AND OTHER SUPERVISORY TOOLS DID NOT DIFFERENTIATE BETWEEN EXCHANGED-TRADED EQUITY SECURITIES, TRADITIONAL ETFS, AND NONTRADITIONAL ETFS. FINRA ALLEGED THAT EDWARD JONES' GENERAL SUPERVISORY PROCEDURES DID NOT REQUIRE IT TO MONITOR EITHER THE LENGTH OF TIME CLIENTS HELD OPEN POSITIONS IN NONTRADITIONAL ETFS OR THE EFFECT OF LONG HOLDING PERIODS ON THOSE POSITIONS.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE FINDINGS, ON JANUARY 9, 2014, EDWARD JONES ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT IN WHICH EDWARD JONES WAS CENSURED, FINED $200,000, AND ORDERED TO PAY $51,581.25 IN RESTITUTION TO CLIENTS. THE RESTITUTION IS TO BE PAID ON OR ABOUT MAY 9, 2014.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Other Other Sanctions: N/A 3. Date Initiated (MM/DD/YYYY): 01/09/2014 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2010022283702 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Other Product Types: NONTRADITIONAL EXCHANGE TRADED FUNDS (ETFS) 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ON JANUARY 9, 2014, FINRA ALLEGED THAT EDWARD JONES VIOLATED FINRA RULE 2010 AND NASD RULES 2110, 2310, AND 3010. FINRA ALLEGED THAT, FOR ALMOST A YEAR AND A HALF, EDWARD JONES ALLOWED ITS REGISTERED REPRESENTATIVES TO RECOMMEND NONTRADITIONAL EXCHANGE TRADED FUNDS (ETFS) TO CLIENTS WITHOUT FIRST CONDUCTING REASONABLE DUE DILIGENCE CONCERNING THOSE PRODUCTS. FINRA ALSO ALLEGED THAT EDWARD JONES DID NOT TRAIN OR ADEQUATELY EDUCATE ITS REGISTERED REPRESENTATIVES REGARDING NONTRADITIONAL ETFS BEFORE PERMITTING THEM TO RECOMMEND THEM TO CLIENTS AND THAT EDWARD JONES' REGISTERED REPRESENTATIVES PLACED NUMEROUS NONTRADITIONAL ETF TRANSACTIONS, AT A COMBINED VALUE OF APPROXIMATELY $164 MILLION, IN RETAIL CLIENTS' ACCOUNTS, DURING THE PERIOD. FINRA ALLEGED THAT CERTAIN EDWARD JONES REGISTERED REPRESENTATIVES RECOMMENDED NONTRADITIONAL ETFS TO CLIENTS WHO HAD NOT INDICATED A DESIRE TO TAKE AGGRESSIVE RISKS WITH THEIR ACCOUNTS AT EDWARD JONES AND THAT SOME OF THESE CLIENTS HELD THEIR NONTRADITIONAL ETF POSITIONS FOR WEEKS OR MONTHS AT A TIME. FINRA ASSERTED THAT NONTRADITIONAL ETFS ARE TYPICALLY NOT SUITABLE FOR RETAIL INVESTORS WHO PLAN TO HOLD THEM FOR MORE THAN ONE TRADING SESSION, PARTICULARLY IN VOLATILE MARKETS. FINRA ALLEGED THAT EDWARD JONES: (1) FAILED TO ESTABLISH AND MAINTAIN A SUPERVISORY SYSTEM, INCLUDING WRITTEN SUPERVISORY PROCEDURES, REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH APPLICABLE NASD OR FINRA RULES IN CONNECTION WITH THE SALE OF NONTRADITIONAL ETFS; (2) FAILED TO ESTABLISH AND MAINTAIN AN ADEQUATE SUPERVISORY SYSTEM TO MONITOR TRANSACTIONS IN NONTRADITIONAL ETFS INVOLVING ITS RETAIL CLIENTS; (3) DID NOT EXERCISE DUE DILIGENCE IN INVESTIGATING NONTRADITIONAL ETFS; (4) DID NOT ENSURE THAT ITS REGISTERED REPRESENTATIVES OBTAINED ADEQUATE INFORMATION AND INSTRUCTION REGARDING NONTRADITIONAL ETFS BEFORE RECOMMENDING THOSE PRODUCTS TO CLIENTS; AND (5) FOR THE PERIOD, DID NOT PROVIDE SUCH INFORMATION DIRECTLY TO REGISTERED REPRESENTATIVES OR REQUIRE THAT THEY OBTAIN IT FROM OTHER SOURCES. FINRA ALSO ALLEGED THAT EDWARD JONES' SUPERVISORY SYSTEM WAS INADEQUATE WITH RESPECT TO ITS OVERSIGHT OF NONTRADITIONAL ETF TRANSACTIONS AND UNTIL THE TIME WHEN FINRA ISSUED REGULATORY NOTICE 09-31, RELIED ON ITS GENERAL SUPERVISORY PROCEDURES TO OVERSEE TRANSACTIONS IN NONTRADITIONAL ETFS. FINRA ALLEGED THAT THOSE PROCEDURES DID NOT ADDRESS THE PRODUCTS' UNIQUE FEATURES AND RISKS, E.G., EDWARD JONES' SALES-EXCEPTION REPORTS AND OTHER SUPERVISORY TOOLS DID NOT DIFFERENTIATE BETWEEN EXCHANGED-TRADED EQUITY SECURITIES, TRADITIONAL ETFS, AND NONTRADITIONAL ETFS. FINRA ALLEGED THAT EDWARD JONES' GENERAL SUPERVISORY PROCEDURES DID NOT REQUIRE IT TO MONITOR EITHER THE LENGTH OF TIME CLIENTS HELD OPEN POSITIONS IN NONTRADITIONAL ETFS OR THE EFFECT OF LONG HOLDING PERIODS ON THOSE POSITIONS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 01/09/2014 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 200,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: WITHOUT ADMITTING OR DENYING THE FINDINGS, ON JANUARY 9, 2014, EDWARD JONES ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT IN WHICH EDWARD JONES WAS CENSURED, FINED $200,000, AND ORDERED TO PAY $51,581.25 IN RESTITUTION TO CLIENTS. THE RESTITUTION IS TO BE PAID ON OR ABOUT MAY 9, 2014. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 49PDF pages 324–326
- Regulator name — filed text
- STATE OF NEW HAMPSHIRE, DEPARTMENT OF STATE, BUREAU OF SECURITIES REGULATION
- Monetary/Fine Amount — filed text
- $ 750,000.00
- How was matter resolved — filed text
- Consent
Other filed details
Description of allegations — filed text
THE STATE OF NEW HAMPSHIRE, DEPARTMENT OF STATE, BUREAU OF SECURITIES REGULATION ALLEGED THAT EDWARD JONES VIOLATED N.H. RSA 421- B:8, X, WHICH REQUIRES EDWARD JONES TO COMPLY WITH THE RULES OF THE SECURITIES AND EXCHANGE COMMISSION, FINRA, NATIONAL AND REGIONAL STOCK EXCHANGES, AND OTHER SELF-REGULATING ORGANIZATIONS WHICH HAVE JURISDICTION OVER EDWARD JONES. THE ALLEGED VIOLATIONS INCLUDED THAT: 1) SOLICITATION CALLS WERE BEING MADE IN VIOLATION OF APPLICABLE TELEPHONE SOLICITATION RULES; 2) EDWARD JONES FAILED TO PROPERLY TRAIN AND SUPERVISE FINANCIAL ADVISORS IN THE AREA OF TELEPHONE SOLICITATION; AND 3) EDWARD JONES FAILED TO ESTABLISH A SYSTEM AND PROCEDURES REASONABLY DESIGNED TO ENSURE COMPLIANCE WITH APPLICABLE TELEPHONE SOLICITATION RULES.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE FINDINGS, EDWARD JONES ENTERED INTO A CONSENT ORDER WITH A MONETARY SETTLEMENT AMOUNT OF $750,000. THE BREAKDOWN IS $175,000 IN COSTS, A $175,000 CONTRIBUTION TO NH INVESTOR EDUCATION, AND A $400,000 ADMINISTRATIVE FINE. THE MONETARY SETTLEMENT WAS PAID IN FULL ON 3/3/2014.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF NEW HAMPSHIRE, DEPARTMENT OF STATE, BUREAU OF SECURITIES REGULATION 2. Principal Sanction: Cease and Desist Other Sanctions: MONETARY FINE - SEE QUESTION 12.C. 3. Date Initiated (MM/DD/YYYY): 04/11/2013 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: C-201200002 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): THE STATE OF NEW HAMPSHIRE, DEPARTMENT OF STATE, BUREAU OF SECURITIES REGULATION ALLEGED THAT EDWARD JONES VIOLATED N.H. RSA 421- B:8, X, WHICH REQUIRES EDWARD JONES TO COMPLY WITH THE RULES OF THE SECURITIES AND EXCHANGE COMMISSION, FINRA, NATIONAL AND REGIONAL STOCK EXCHANGES, AND OTHER SELF-REGULATING ORGANIZATIONS WHICH HAVE JURISDICTION OVER EDWARD JONES. THE ALLEGED VIOLATIONS INCLUDED THAT: 1) SOLICITATION CALLS WERE BEING MADE IN VIOLATION OF APPLICABLE TELEPHONE SOLICITATION RULES; 2) EDWARD JONES FAILED TO PROPERLY TRAIN AND SUPERVISE FINANCIAL ADVISORS IN THE AREA OF TELEPHONE SOLICITATION; AND 3) EDWARD JONES FAILED TO ESTABLISH A SYSTEM AND PROCEDURES REASONABLY DESIGNED TO ENSURE COMPLIANCE WITH APPLICABLE TELEPHONE SOLICITATION RULES. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 02/25/2014 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 750,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: WITHOUT ADMITTING OR DENYING THE FINDINGS, EDWARD JONES ENTERED INTO A CONSENT ORDER REQUIRING EDWARD JONES TO IMPLEMENT PROCEDURAL CHANGES IN THE AREAS OF TRAINING, COMPLIANCE, AND SUPERVISION OF FINANCIAL ADVISORS' TELEPHONE SOLICITATION ACTIVITY AND REPORT ON COMPLIANCE WITH THE CONSENT ORDER AT SIX MONTHS AND ONE YEAR FROM THE DATE OF EXECUTION OF THE CONSENT ORDER. Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: WITHOUT ADMITTING OR DENYING THE FINDINGS, EDWARD JONES ENTERED INTO A CONSENT ORDER WITH A MONETARY SETTLEMENT AMOUNT OF $750,000. THE BREAKDOWN IS $175,000 IN COSTS, A $175,000 CONTRIBUTION TO NH INVESTOR EDUCATION, AND A $400,000 ADMINISTRATIVE FINE. THE MONETARY SETTLEMENT WAS PAID IN FULL ON 3/3/2014. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 50PDF pages 326–328
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 21,100.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
ON JULY 9, 2014, EDWARD JONES AGREED TO AN ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, THE FIRM WILL MAKE RESTITUTION TO SIXTEEN PUBLIC CUSTOMERS (IN THE AMOUNT OF $9,784.25, PLUS INTEREST) FOR FAILING TO OBTAIN THE BEST EXECUTION PRICE FOR TRADES OCCURRING IN 2011, IN VARIOUS GOVERNMENT FIXED INCOME PRODUCTS. THE FIRM WILL ALSO PAY A FINE OF $21,100.
Sanction detail — filed text
ON JULY 9, 2014, EDWARD JONES AGREED TO AN ACCEPTANCE, WAIVER AND CONSENT (AWC). PURSUANT TO THE AWC, THE FIRM WILL MAKE RESTITUTION TO SIXTEEN PUBLIC CUSTOMERS (IN THE AMOUNT OF $9,784.25, PLUS INTEREST) AND WILL PAY A FINE OF $21,100. THE FINE WILL BE PAID IMMEDIATELY AFTER RECEIVING THE APPROPRIATE FORMS FROM FINRA'S FINANCE DEPARTMENT. THE RESTITUTION WILL BE PAID ON OR BEFORE 120 DAYS FROM JULY 9, 2014.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 07/09/2014 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2011027686301 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Debt - Municipal Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ON JULY 9, 2014, EDWARD JONES AGREED TO AN ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, THE FIRM WILL MAKE RESTITUTION TO SIXTEEN PUBLIC CUSTOMERS (IN THE AMOUNT OF $9,784.25, PLUS INTEREST) FOR FAILING TO OBTAIN THE BEST EXECUTION PRICE FOR TRADES OCCURRING IN 2011, IN VARIOUS GOVERNMENT FIXED INCOME PRODUCTS. THE FIRM WILL ALSO PAY A FINE OF $21,100. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 07/09/2014 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 21,100.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: RESTITUTION IN THE AMOUNT OF $9,784.25, PLUS INTEREST. Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: ON JULY 9, 2014, EDWARD JONES AGREED TO AN ACCEPTANCE, WAIVER AND CONSENT (AWC). PURSUANT TO THE AWC, THE FIRM WILL MAKE RESTITUTION TO SIXTEEN PUBLIC CUSTOMERS (IN THE AMOUNT OF $9,784.25, PLUS INTEREST) AND WILL PAY A FINE OF $21,100. THE FINE WILL BE PAID IMMEDIATELY AFTER RECEIVING THE APPROPRIATE FORMS FROM FINRA'S FINANCE DEPARTMENT. THE RESTITUTION WILL BE PAID ON OR BEFORE 120 DAYS FROM JULY 9, 2014. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 51PDF pages 328–330
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
ON OCTOBER 10, 2014, FINRA ALLEGED THAT EDWARD JONES FAILED TO DEVELOP AND IMPLEMENT ADEQUATE ANTI-MONEY LAUNDERING (AML) PROCEDURES FOR REVIEWING DEPOSITS AND LIQUIDATIONS OF THIRD-PARTY STOCK CERTIFICATES IN CUSTOMER ACCOUNTS IN VIOLATION OF NASD RULES 3011(A) AND 2110 AND FINRA RULES 3310(A) AND 2010. ON OCTOBER 10, 2014, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $100,000. THE FINE WAS PAID ON OCTOBER 23, 2014.
Sanction detail — filed text
ON OCTOBER 10, 2014, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $100,000. THE FINE WAS PAID ON OCTOBER 23, 2014.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 10/10/2014 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2012031611301 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ON OCTOBER 10, 2014, FINRA ALLEGED THAT EDWARD JONES FAILED TO DEVELOP AND IMPLEMENT ADEQUATE ANTI-MONEY LAUNDERING (AML) PROCEDURES FOR REVIEWING DEPOSITS AND LIQUIDATIONS OF THIRD-PARTY STOCK CERTIFICATES IN CUSTOMER ACCOUNTS IN VIOLATION OF NASD RULES 3011(A) AND 2110 AND FINRA RULES 3310(A) AND 2010. ON OCTOBER 10, 2014, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $100,000. THE FINE WAS PAID ON OCTOBER 23, 2014. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 10/10/2014 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 100,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: ON OCTOBER 10, 2014, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $100,000. THE FINE WAS PAID ON OCTOBER 23, 2014. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 52PDF pages 330–331
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 60,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
ON JANUARY 15, 2015, FINRA ALLEGED THAT EDWARD JONES FAILED TO ESTABLISH, MAINTAIN, AND ENFORCE AN ADEQUATE SUPERVISORY SYSTEM AND WRITTEN POLICIES AND PROCEDURES CONCERNING THE CERTIFICATION OF CUSTOMER SIGNATURES ON CERTAIN DOCUMENTS IN VIOLATION OF NASD RULES 3010(A) AND (B), NASD RULE 2110 (FOR THE PERIOD BEFORE DECEMBER 15, 2008) AND FINRA RULE 2010 (FOR THE PERIOD ON OR AFTER DECEMBER 15, 2008). ON JANUARY 15, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $60,000. THE FINE WAS PAID ON JANUARY 21, 2015.
Sanction detail — filed text
ON JANUARY 15, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $60,000. THE FINE WAS PAID ON JANUARY 21, 2015.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Other Other Sanctions: N/A 3. Date Initiated (MM/DD/YYYY): 01/15/2015 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2012032011102 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ON JANUARY 15, 2015, FINRA ALLEGED THAT EDWARD JONES FAILED TO ESTABLISH, MAINTAIN, AND ENFORCE AN ADEQUATE SUPERVISORY SYSTEM AND WRITTEN POLICIES AND PROCEDURES CONCERNING THE CERTIFICATION OF CUSTOMER SIGNATURES ON CERTAIN DOCUMENTS IN VIOLATION OF NASD RULES 3010(A) AND (B), NASD RULE 2110 (FOR THE PERIOD BEFORE DECEMBER 15, 2008) AND FINRA RULE 2010 (FOR THE PERIOD ON OR AFTER DECEMBER 15, 2008). ON JANUARY 15, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $60,000. THE FINE WAS PAID ON JANUARY 21, 2015. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 01/15/2015 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 60,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: ON JANUARY 15, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $60,000. THE FINE WAS PAID ON JANUARY 21, 2015. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 53PDF pages 331–333
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 75,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Action status / disposition — filed text
SEE ABOVE.
Other filed details
Description of allegations — filed text
ON JANUARY 23, 2015, FINRA ALLEGED THAT EDWARD JONES FAILED TO ESTABLISH, MAINTAIN, AND ENFORCE AN ADEQUATE SUPERVISORY SYSTEM, INCLUDING A WRITTEN SUPERVISORY CONTROL SYSTEM, TO PREVENT UNAUTHORIZED TRANSFERS OF CLIENT FUNDS TO THIRD-PARTY ACCOUNTS IN VIOLATION OF NASD RULES 3010, 3012(A)(2)(B)(I), AND 2110 AND FINRA RULE 2010. ON JANUARY 23, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $75,000. THE FINE WAS PAID ON FEBRUARY 3, 2015.
Sanction detail — filed text
ON JANUARY 23, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $75,000. THE FINE WAS PAID ON FEBRUARY 3, 2015.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Other Other Sanctions: N/A 3. Date Initiated (MM/DD/YYYY): 01/23/2015 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2013037060701 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ON JANUARY 23, 2015, FINRA ALLEGED THAT EDWARD JONES FAILED TO ESTABLISH, MAINTAIN, AND ENFORCE AN ADEQUATE SUPERVISORY SYSTEM, INCLUDING A WRITTEN SUPERVISORY CONTROL SYSTEM, TO PREVENT UNAUTHORIZED TRANSFERS OF CLIENT FUNDS TO THIRD-PARTY ACCOUNTS IN VIOLATION OF NASD RULES 3010, 3012(A)(2)(B)(I), AND 2110 AND FINRA RULE 2010. ON JANUARY 23, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $75,000. THE FINE WAS PAID ON FEBRUARY 3, 2015. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 01/23/2015 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 75,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: ON JANUARY 23, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $75,000. THE FINE WAS PAID ON FEBRUARY 3, 2015. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). SEE ABOVE.
regulatory · block 54PDF pages 333–335
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 10,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
ON JUNE 4, 2015, FINRA ALLEGED THAT EDWARD JONES FAILED TO CAPTURE THE CORRECT TIME OF TRADE EXECUTION FOR TRANSACTIONS IN TRADE REPORTING AND COMPLIANCE ENGINE (TRACE)-ELIGIBLE SECURITIZED PRODUCTS, FAILED TO REPORT TO TRACE THE CORRECT TIME OF TRADE EXECUTION FOR THOSE TRANSACTIONS, AND FAILED TO SHOW THE CORRECT TIME OF EXECUTION ON THE MEMORANDUM OF BROKERAGE ORDERS IN VIOLATION OF FINRA RULE 6730(C)(8), RULE 17A-3 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AND FINRA RULES 2010 AND 4511. ON JUNE 4, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $10,000. THE FINE WAS PAID ON JUNE 18, 2015.
Sanction detail — filed text
ON JUNE 4, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $10,000. THE FINE WAS PAID ON JUNE 18, 2015.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 06/04/2015 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2014041068801 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Other Product Types: SECURITIZED PRODUCTS 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ON JUNE 4, 2015, FINRA ALLEGED THAT EDWARD JONES FAILED TO CAPTURE THE CORRECT TIME OF TRADE EXECUTION FOR TRANSACTIONS IN TRADE REPORTING AND COMPLIANCE ENGINE (TRACE)-ELIGIBLE SECURITIZED PRODUCTS, FAILED TO REPORT TO TRACE THE CORRECT TIME OF TRADE EXECUTION FOR THOSE TRANSACTIONS, AND FAILED TO SHOW THE CORRECT TIME OF EXECUTION ON THE MEMORANDUM OF BROKERAGE ORDERS IN VIOLATION OF FINRA RULE 6730(C)(8), RULE 17A-3 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AND FINRA RULES 2010 AND 4511. ON JUNE 4, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $10,000. THE FINE WAS PAID ON JUNE 18, 2015. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 06/04/2015 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 10,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: ON JUNE 4, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $10,000. THE FINE WAS PAID ON JUNE 18, 2015. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 55PDF pages 335–337
- Regulator name — filed text
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION
- Monetary/Fine Amount — filed text
- $ 15,000,000.00
- How was matter resolved — filed text
- Order
Action status / disposition — filed text
REFER TO PART II, ITEM 12(C.) OF THIS REGULATORY ACTION DISCLOSURE REPORTING PAGE FOR A DISCUSSION OF THE MONETARY SANCTIONS AGREED TO AS PART OF THE SETTLEMENT. THE SETTLEMENT PROVIDES FOR THE FOLLOWING SCHEDULE WITH RESPECT TO DISGORGEMENT: (1) EDWARD JONES SHALL BE RESPONSIBLE FOR ADMINISTERING THE DISGORGEMENT; (2) WITHIN 60 DAYS OF AUGUST 13, 2015 (THE "ORDER DATE"), EDWARD JONES SHALL SUBMIT TO THE SECURITIES AND EXCHANGE COMMISSION STAFF ("SEC STAFF"), FOR ITS REVIEW AND APPROVAL, A PROPOSED CALCULATION FOR THE DISBURSEMENT OF THE DISGORGEMENT; (3) EDWARD JONES SHALL COMPLETE THE TRANSMISSION OF ALL AMOUNTS IN ACCORDANCE WITH THE APPROVED CALCULATION WITHIN 120 DAYS OF THE ORDER DATE; AND (4) EDWARD JONES SHALL SUBMIT TO THE SEC STAFF , FOR ITS REVIEW AND APPROVAL THE FINAL ACCOUNTING FOR THE DISGORGEMENT WITHIN 180 DAYS OF THE ORDER DATE. PURSUANT TO THE SETTLEMENT, THE SEC STAFF MAY EXTEND THESE DATES FOR GOOD CAUSE SHOWN.
Other filed details
Description of allegations — filed text
ON AUGUST 13, 2015, THE SECURITIES AND EXCHANGE COMMISSION ("SEC") ALLEGED THAT EDWARD JONES VIOLATED SECTIONS 17(A)(2) AND (3) OF THE SECURITIES ACT OF 1933 ("SECURITIES ACT"), SECTIONS 15B(C)(1) AND 15(B)(4)(E) OF THE SECURITIES EXCHANGE ACT OF 1934 ("EXCHANGE ACT"), AND MUNICIPAL SECURITIES RULEMAKING BOARD ("MSRB") RULES G-17, G-11(B) AND (D), G-27 AND G-30(A) IN CONNECTION WITH IMPROPER PRACTICES INVOLVING MUNICIPAL SECURITIES. IN ENTERING INTO THE SETTLEMENT, THE SEC CONSIDERED REMEDIAL ACTS UNDERTAKEN BY EDWARD JONES RELATED TO THIS MATTER.
Sanction detail — filed text
ON AUGUST 13, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS AND SOLELY FOR THE PURPOSE OF THE PROCEEDINGS, ENTERED INTO A SETTLEMENT IN PUBLIC ADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGS WITH THE SEC. PURSUANT TO THE SETTLEMENT, EDWARD JONES AGREED TO PAY DISGORGEMENT AND PREJUDGMENT INTEREST OF $5,194,401.37 ("DISGORGEMENT") FOR THE PURPOSE OF MAKING PAYMENTS TO CURRENT AND FORMER CUSTOMERS OF EDWARD JONES AND TO PAY A CIVIL MONEY PENALTY IN THE AMOUNT OF $15,000,000 ("CIVIL PENALTY"). ON AUGUST 21, 2015, THE DISGORGEMENT WAS DEPOSITED INTO A SEGREGATED CASH ACCOUNT AT EDWARD JONES. THE CIVIL PENALTY WAS PAID ON AUGUST 20, 2015.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
2.
Principal Sanction:
Other
Other Sanctions:
N/A
3.
Date Initiated (MM/DD/YYYY):
08/13/2015
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
3-16751
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Debt - Municipal
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ON AUGUST 13, 2015, THE SECURITIES AND EXCHANGE COMMISSION ("SEC") ALLEGED THAT EDWARD JONES VIOLATED SECTIONS 17(A)(2) AND (3) OF
THE SECURITIES ACT OF 1933 ("SECURITIES ACT"), SECTIONS 15B(C)(1) AND 15(B)(4)(E) OF THE SECURITIES EXCHANGE ACT OF 1934 ("EXCHANGE
ACT"), AND MUNICIPAL SECURITIES RULEMAKING BOARD ("MSRB") RULES G-17, G-11(B) AND (D), G-27 AND G-30(A) IN CONNECTION WITH IMPROPER
PRACTICES INVOLVING MUNICIPAL SECURITIES. IN ENTERING INTO THE SETTLEMENT, THE SEC CONSIDERED REMEDIAL ACTS UNDERTAKEN BY EDWARD
JONES RELATED TO THIS MATTER.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Order
11. Resolution Date (MM/DD/YYYY):
08/13/2015
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 15,000,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
PREJUDGMENT INTEREST; RECORD PRESERVATION
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
ON AUGUST 13, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS AND SOLELY FOR THE PURPOSE OF THE PROCEEDINGS,
ENTERED INTO A SETTLEMENT IN PUBLIC ADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGS WITH THE SEC. PURSUANT TO THE
SETTLEMENT, EDWARD JONES AGREED TO PAY DISGORGEMENT AND PREJUDGMENT INTEREST OF $5,194,401.37 ("DISGORGEMENT") FOR THE
PURPOSE OF MAKING PAYMENTS TO CURRENT AND FORMER CUSTOMERS OF EDWARD JONES AND TO PAY A CIVIL MONEY PENALTY IN THE
AMOUNT OF $15,000,000 ("CIVIL PENALTY"). ON AUGUST 21, 2015, THE DISGORGEMENT WAS DEPOSITED INTO A SEGREGATED CASH ACCOUNT
AT EDWARD JONES. THE CIVIL PENALTY WAS PAID ON AUGUST 20, 2015.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
REFER TO PART II, ITEM 12(C.) OF THIS REGULATORY ACTION DISCLOSURE REPORTING PAGE FOR A DISCUSSION OF THE MONETARY SANCTIONS
AGREED TO AS PART OF THE SETTLEMENT. THE SETTLEMENT PROVIDES FOR THE FOLLOWING SCHEDULE WITH RESPECT TO DISGORGEMENT: (1)
EDWARD JONES SHALL BE RESPONSIBLE FOR ADMINISTERING THE DISGORGEMENT; (2) WITHIN 60 DAYS OF AUGUST 13, 2015 (THE "ORDER DATE"),
EDWARD JONES SHALL SUBMIT TO THE SECURITIES AND EXCHANGE COMMISSION STAFF ("SEC STAFF"), FOR ITS REVIEW AND APPROVAL, A PROPOSED
CALCULATION FOR THE DISBURSEMENT OF THE DISGORGEMENT; (3) EDWARD JONES SHALL COMPLETE THE TRANSMISSION OF ALL AMOUNTS IN
ACCORDANCE WITH THE APPROVED CALCULATION WITHIN 120 DAYS OF THE ORDER DATE; AND (4) EDWARD JONES SHALL SUBMIT TO THE SEC STAFF ,
FOR ITS REVIEW AND APPROVAL THE FINAL ACCOUNTING FOR THE DISGORGEMENT WITHIN 180 DAYS OF THE ORDER DATE. PURSUANT TO THE
SETTLEMENT, THE SEC STAFF MAY EXTEND THESE DATES FOR GOOD CAUSE SHOWN.regulatory · block 56PDF pages 337–339
- Regulator name — filed text
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION
- Monetary/Fine Amount — filed text
- $ 100,000.00
- How was matter resolved — filed text
- Order
Other filed details
Description of allegations — filed text
ON SEPTEMBER 30, 2015, THE SECURITIES AND EXCHANGE COMMISSION ("SEC") ALLEGED THAT CERTAIN SECURITY FIRMS, INCLUDING EDWARD JONES, VIOLATED SECTION 17(A)(2) OF THE SECURITIES ACT OF 1933 ("SECURITIES ACT") AS IT RELATES TO CERTAIN STATEMENTS OF MUNICIPAL ISSUERS REGARDING COMPLIANCE WITH PREVIOUS CONTINUING DISCLOSURE OBLIGATIONS IN OFFICIAL STATEMENTS. EDWARD JONES SELF- REPORTED THE AFOREMENTIONED VIOLATIONS TO THE SEC PURSUANT TO ITS MUNICIPALITIES CONTINUING DISCLOSURE COOPERATION (MCDC) INITIATIVE. EDWARD JONES IS ONE OF FIFTY-EIGHT FIRMS PARTICIPATING IN THE MCDC INITIATIVE.
Sanction detail — filed text
ON SEPTEMBER 30, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A PUBLIC ADMINISTRATIVE SETTLEMENT WITH THE SEC REGARDING THE MATTERS SELF-REPORTED BY EDWARD JONES PURSUANT TO THE SEC'S MCDC INITIATIVE. PURSUANT TO THE SETTLEMENT, THE SEC ALLEGED THAT EDWARD JONES VIOLATED SECTION 17(A)(2) OF THE SECURITIES ACT OF 1933 AND WAS ORDERED TO CEASE AND DESIST FROM COMMITTING OR CAUSING ANY VIOLATIONS AND ANY FUTURE VIOLATIONS OF SECTION 17(A)(2). THE SETTLEMENT ALSO REQUIRES EDWARD JONES TO PAY A CIVIL MONEY PENALTY IN THE AMOUNT OF $100,000 AND TO COMPLY WITH THE UNDERTAKINGS ENUMERATED IN THE SETTLEMENT. THE CIVIL MONEY PENALTY WAS PAID ON OCTOBER 13, 2015.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
2.
Principal Sanction:
Cease and Desist
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
09/30/2015
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
3-16867
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Debt - Municipal
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ON SEPTEMBER 30, 2015, THE SECURITIES AND EXCHANGE COMMISSION ("SEC") ALLEGED THAT CERTAIN SECURITY FIRMS, INCLUDING EDWARD
JONES, VIOLATED SECTION 17(A)(2) OF THE SECURITIES ACT OF 1933 ("SECURITIES ACT") AS IT RELATES TO CERTAIN STATEMENTS OF MUNICIPAL
ISSUERS REGARDING COMPLIANCE WITH PREVIOUS CONTINUING DISCLOSURE OBLIGATIONS IN OFFICIAL STATEMENTS. EDWARD JONES SELF-
REPORTED THE AFOREMENTIONED VIOLATIONS TO THE SEC PURSUANT TO ITS MUNICIPALITIES CONTINUING DISCLOSURE COOPERATION (MCDC)
INITIATIVE. EDWARD JONES IS ONE OF FIFTY-EIGHT FIRMS PARTICIPATING IN THE MCDC INITIATIVE.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Order
11. Resolution Date (MM/DD/YYYY):
09/30/2015
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 100,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKINGS
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
ON SEPTEMBER 30, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A PUBLIC ADMINISTRATIVE
SETTLEMENT WITH THE SEC REGARDING THE MATTERS SELF-REPORTED BY EDWARD JONES PURSUANT TO THE SEC'S MCDC INITIATIVE.
PURSUANT TO THE SETTLEMENT, THE SEC ALLEGED THAT EDWARD JONES VIOLATED SECTION 17(A)(2) OF THE SECURITIES ACT OF 1933 AND
WAS ORDERED TO CEASE AND DESIST FROM COMMITTING OR CAUSING ANY VIOLATIONS AND ANY FUTURE VIOLATIONS OF SECTION 17(A)(2).
THE SETTLEMENT ALSO REQUIRES EDWARD JONES TO PAY A CIVIL MONEY PENALTY IN THE AMOUNT OF $100,000 AND TO COMPLY WITH THE
UNDERTAKINGS ENUMERATED IN THE SETTLEMENT. THE CIVIL MONEY PENALTY WAS PAID ON OCTOBER 13, 2015.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).regulatory · block 57PDF pages 339–341
- Regulator name — filed text
- FINRA
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
ON OCTOBER 26, 2015, FINRA ALLEGED EDWARD JONES VIOLATED CERTAIN FEDERAL SECURITIES LAWS OR RULES BY NOT ENSURING APPLICABLE SALES CHARGE WAIVERS WERE RECEIVED FOR MUTUAL FUND PURCHASES IN CERTAIN RETIREMENT PLAN AND CHARITABLE ORGANIZATION ACCOUNTS. ON MAY 5, 2015, FINRA'S ENFORCEMENT DIVISION ADVISED EDWARD JONES THAT IT WAS INVESTIGATING THIS ISSUE. PRIOR TO BEING ADVISED OF THE INVESTIGATION, EDWARD JONES HAD COMMENCED A REVIEW OF THIS ISSUE AND SELF-REPORTED TO FINRA.
Sanction detail — filed text
ON OCTOBER 26, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO AN ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA TO RESOLVE THIS MATTER. PURSUANT TO THE AWC, EDWARD JONES AGREED TO PROVIDE REMEDIATION TO CERTAIN CUSTOMERS, ESTIMATED AT THE TIME OF THE SETTLEMENT AGREEMENT TO BE APPROXIMATELY $13.5 MILLION. A MONETARY PENALTY WAS NOT IMPOSED BY FINRA. IN REACHING THE AWC, FINRA RECOGNIZED THE EXTRAORDINARY COOPERATION OF EDWARD JONES, INCLUDING ITS SELF-REPORTING OF THE ISSUE TO FINRA.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 10/26/2015 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2015045354201 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): ON OCTOBER 26, 2015, FINRA ALLEGED EDWARD JONES VIOLATED CERTAIN FEDERAL SECURITIES LAWS OR RULES BY NOT ENSURING APPLICABLE SALES CHARGE WAIVERS WERE RECEIVED FOR MUTUAL FUND PURCHASES IN CERTAIN RETIREMENT PLAN AND CHARITABLE ORGANIZATION ACCOUNTS. ON MAY 5, 2015, FINRA'S ENFORCEMENT DIVISION ADVISED EDWARD JONES THAT IT WAS INVESTIGATING THIS ISSUE. PRIOR TO BEING ADVISED OF THE INVESTIGATION, EDWARD JONES HAD COMMENCED A REVIEW OF THIS ISSUE AND SELF-REPORTED TO FINRA. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 10/26/2015 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: INTEREST Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: ON OCTOBER 26, 2015, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO AN ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA TO RESOLVE THIS MATTER. PURSUANT TO THE AWC, EDWARD JONES AGREED TO PROVIDE REMEDIATION TO CERTAIN CUSTOMERS, ESTIMATED AT THE TIME OF THE SETTLEMENT AGREEMENT TO BE APPROXIMATELY $13.5 MILLION. A MONETARY PENALTY WAS NOT IMPOSED BY FINRA. IN REACHING THE AWC, FINRA RECOGNIZED THE EXTRAORDINARY COOPERATION OF EDWARD JONES, INCLUDING ITS SELF-REPORTING OF THE ISSUE TO FINRA. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 58PDF pages 341–342
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 200,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
FINRA ALLEGED THAT EDWARD JONES VIOLATED CERTAIN MUNICIPAL SECURITIES RULEMAKING BOARD RULES IN CONNECTION WITH SHORT POSITIONS IN CERTAIN MUNICIPAL SECURITIES.
Sanction detail — filed text
ON JANUARY 21, 2016, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA TO RESOLVE THIS MATTER. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $200,000. THE FINE WAS PAID ON FEBRUARY 8, 2016.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 01/21/2016 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2015045548001 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Debt - Municipal Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): FINRA ALLEGED THAT EDWARD JONES VIOLATED CERTAIN MUNICIPAL SECURITIES RULEMAKING BOARD RULES IN CONNECTION WITH SHORT POSITIONS IN CERTAIN MUNICIPAL SECURITIES. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 01/21/2016 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 200,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: ON JANUARY 21, 2016, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE FINDINGS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT (AWC) WITH FINRA TO RESOLVE THIS MATTER. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND ORDERED TO PAY A FINE OF $200,000. THE FINE WAS PAID ON FEBRUARY 8, 2016. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 59PDF pages 342–344
- Regulator name — filed text
- COMMONWEALTH OF PENNSYLVANIA, DEPARTMENT OF BANKING AND SECURITIES
- Monetary/Fine Amount — filed text
- $ 135,000.00
- How was matter resolved — filed text
- Order
Other filed details
Description of allegations — filed text
THE COMMONWEALTH OF PENNSYLVANIA, DEPARTMENT OF BANKING AND SECURITIES (THE "DEPARTMENT"), ALLEGED THAT EDWARD JONES FAILED TO REASONABLY SUPERVISE AN AGENT IN VIOLATION OF SECTION 305(A)(VII) OF THE PENNSYLVANIA SECURITIES ACT OF 1972 (THE "ACT").
Sanction detail — filed text
ON AUGUST 4, 2016, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO A CONSENT AGREEMENT AND ORDER ("ORDER") WITH THE DEPARTMENT. PURSUANT TO THE ORDER, EDWARD JONES AGREED TO COMPLY WITH THE ACT, AND PAY AN ADMINISTRATIVE ASSESSMENT OF $135,000.00 AND INVESTIGATIVE COSTS OF $10,000.00 TO THE DEPARTMENT. THESE AMOUNTS WERE PAID ON AUGUST 11, 2016.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
COMMONWEALTH OF PENNSYLVANIA, DEPARTMENT OF BANKING AND SECURITIES
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
08/04/2016
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
160043 (SEC-CAO)
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
THE COMMONWEALTH OF PENNSYLVANIA, DEPARTMENT OF BANKING AND SECURITIES (THE "DEPARTMENT"), ALLEGED THAT EDWARD JONES FAILED TO
REASONABLY SUPERVISE AN AGENT IN VIOLATION OF SECTION 305(A)(VII) OF THE PENNSYLVANIA SECURITIES ACT OF 1972 (THE "ACT").
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Order
11. Resolution Date (MM/DD/YYYY):
08/04/2016
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 135,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
INVESTIGATIVE COSTS OF $10,000.00
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
ON AUGUST 4, 2016, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO A CONSENT AGREEMENT AND ORDER
("ORDER") WITH THE DEPARTMENT. PURSUANT TO THE ORDER, EDWARD JONES AGREED TO COMPLY WITH THE ACT, AND PAY AN ADMINISTRATIVE
ASSESSMENT OF $135,000.00 AND INVESTIGATIVE COSTS OF $10,000.00 TO THE DEPARTMENT. THESE AMOUNTS WERE PAID ON AUGUST 11,
2016.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).regulatory · block 60EDWARD JONES (ONTARIO, L.P.)PDF pages 344–346
- Advisory affiliate name — filed text
- EDWARD JONES (ONTARIO, L.P.)
- Regulator name — filed text
- INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA
- Monetary/Fine Amount — filed text
- $ 250,000.00
- How was matter resolved — filed text
- Settled
Action status / disposition — filed text
SEE ABOVE.
Other filed details
Description of allegations — filed text
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA ("IIROC") ALLEGED THAT EDWARD JONES (ONTARIO, L.P.) ("EDWARD JONES CANADA") FAILED TO ADEQUATELY SUPERVISE RETAIL ACCOUNTS IN VIOLATION OF IIROC DEALER MEMBER RULES 38.1 AND 2500.
Sanction detail — filed text
ON OCTOBER 28, 2016, EDWARD JONES CANADA AND IIROC ENTERED INTO A SETTLEMENT AGREEMENT. PURSUANT TO THE SETTLEMENT AGREEMENT, EDWARD JONES CANADA AGREED TO PAY A FINE OF C$250,000 AND COSTS OF C$50,000. THESE AMOUNTS WERE PAID BY EDWARD JONES CANADA BY OCTOBER 31, 2016.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is
a Firm
an Individual
Registered:
Yes
No
Name:
EDWARD JONES (ONTARIO,
L.P.)
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
3.
Date Initiated (MM/DD/YYYY):
10/25/2016
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
16-0260
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
EDWARD JONES (ONTARIO, L.P.)
6.
Principal Product Type:
No Product
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA ("IIROC") ALLEGED THAT EDWARD JONES (ONTARIO, L.P.) ("EDWARD JONES
CANADA") FAILED TO ADEQUATELY SUPERVISE RETAIL ACCOUNTS IN VIOLATION OF IIROC DEALER MEMBER RULES 38.1 AND 2500.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Settled
11. Resolution Date (MM/DD/YYYY):
10/28/2016
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 250,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
ON OCTOBER 28, 2016, EDWARD JONES CANADA AND IIROC ENTERED INTO A SETTLEMENT AGREEMENT. PURSUANT TO THE SETTLEMENT
AGREEMENT, EDWARD JONES CANADA AGREED TO PAY A FINE OF C$250,000 AND COSTS OF C$50,000. THESE AMOUNTS WERE PAID BY EDWARD
JONES CANADA BY OCTOBER 31, 2016.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
SEE ABOVE.regulatory · block 61PDF pages 346–348
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 125,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
FINRA ALLEGED THAT EDWARD JONES DID NOT ADEQUATELY SUPERVISE ITS SYSTEM FOR DETERMINING THE INTEREST RATE APPLIED TO CERTAIN MARGIN LOANS TO CUSTOMERS IN VIOLATION OF NASD RULE 3010(A) AND FINRA RULES 2010 AND 3110(A).
Sanction detail — filed text
ON FEBRUARY 1, 2017, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER, AND CONSENT ("AWC") WITH FINRA TO RESOLVE THIS MATTER. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND FINED $125,000. THE FINE WILL BE PAID IN ACCORDANCE WITH THE AWC. IN RESOLVING THIS MATTER, FINRA RECOGNIZED THE EXTRAORDINARY COOPERATION OF EDWARD JONES.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
FINRA
2.
Principal Sanction:
Other
Other Sanctions:
N/A
3.
Date Initiated (MM/DD/YYYY):
02/01/2017
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
2016048760501
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Other
Other Product Types:
MARGIN LOANS
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
FINRA ALLEGED THAT EDWARD JONES DID NOT ADEQUATELY SUPERVISE ITS SYSTEM FOR DETERMINING THE INTEREST RATE APPLIED TO CERTAIN
MARGIN LOANS TO CUSTOMERS IN VIOLATION OF NASD RULE 3010(A) AND FINRA RULES 2010 AND 3110(A).
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Acceptance, Waiver & Consent(AWC)
11. Resolution Date (MM/DD/YYYY):
02/01/2017
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 125,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
ON FEBRUARY 1, 2017, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO A LETTER OF ACCEPTANCE,
WAIVER, AND CONSENT ("AWC") WITH FINRA TO RESOLVE THIS MATTER. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND FINED
$125,000. THE FINE WILL BE PAID IN ACCORDANCE WITH THE AWC. IN RESOLVING THIS MATTER, FINRA RECOGNIZED THE EXTRAORDINARY
COOPERATION OF EDWARD JONES.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).regulatory · block 62PDF pages 348–349
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 210,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
FINRA ALLEGED THAT EDWARD JONES VIOLATED MUNICIPAL SECURITIES RULEMAKING BOARD RULES G-15(F), G-15(F)(III), G-17, AND G-47 IN CONNECTION WITH TRANSACTIONS IN CERTAIN MUNICIPAL SECURITIES IN AMOUNTS LOWER THAN THE APPLICABLE MINIMUM DENOMINATIONS OCCURRING DURING THE TIME PERIOD OF DECEMBER 1, 2013 THROUGH DECEMBER 31, 2014.
Sanction detail — filed text
ON JUNE 2, 2017, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER, AND CONSENT ("AWC") WITH FINRA TO RESOLVE THIS MATTER. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED, FINED $210,000 AND REQUIRED TO SUBMIT TO FINRA PROOF OF AN OFFER OF RESCISSION OR OF DOCUMENTED EFFORTS UNDERTAKEN TO EFFECT RESCISSION. THE FINE WAS PAID ON JUNE 29, 2017.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
FINRA
2.
Principal Sanction:
Other Sanctions:
FOR SANCTIONS, REFER TO ITEM 12 BELOW.
3.
Date Initiated (MM/DD/YYYY):
06/02/2017
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
2015046579901
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Debt - Municipal
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
FINRA ALLEGED THAT EDWARD JONES VIOLATED MUNICIPAL SECURITIES RULEMAKING BOARD RULES G-15(F), G-15(F)(III), G-17, AND G-47 IN
CONNECTION WITH TRANSACTIONS IN CERTAIN MUNICIPAL SECURITIES IN AMOUNTS LOWER THAN THE APPLICABLE MINIMUM DENOMINATIONS
OCCURRING DURING THE TIME PERIOD OF DECEMBER 1, 2013 THROUGH DECEMBER 31, 2014.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Acceptance, Waiver & Consent(AWC)
11. Resolution Date (MM/DD/YYYY):
06/02/2017
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 210,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKING
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
ON JUNE 2, 2017, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER,
AND CONSENT ("AWC") WITH FINRA TO RESOLVE THIS MATTER. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED, FINED $210,000 AND
REQUIRED TO SUBMIT TO FINRA PROOF OF AN OFFER OF RESCISSION OR OF DOCUMENTED EFFORTS UNDERTAKEN TO EFFECT RESCISSION. THE
FINE WAS PAID ON JUNE 29, 2017.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).regulatory · block 63PDF pages 349–351
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 725,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
FINRA ALLEGED THAT EDWARD JONES FAILED TO ESTABLISH, MAINTAIN, AND ENFORCE AN ADEQUATE SUPERVISORY SYSTEM, INCLUDING WRITTEN PROCEDURES, CONCERNING THE CREATION AND DISSEMINATION OF CONSOLIDATED REPORTS IN VIOLATION OF NASD RULE 3010(A) AND FINRA RULE 2010 DURING THE TIME PERIOD APRIL 2010 THROUGH 2014.
Sanction detail — filed text
ON JULY 13, 2017, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER, AND CONSENT ("AWC") WITH FINRA TO RESOLVE THIS MATTER. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND FINED $725,000. IN RESOLVING THIS MATTER, FINRA ALSO STATED THAT EDWARD JONES HAS MADE CHANGES TO ENHANCE ITS SUPERVISORY PROCESSES. THE FINE WAS PAID ON JULY 25, 2017.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
FINRA
2.
Principal Sanction:
Other Sanctions:
FOR SANCTIONS, REFER TO ITEM 12 BELOW.
3.
Date Initiated (MM/DD/YYYY):
07/13/2017
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
2016049783001
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
FINRA ALLEGED THAT EDWARD JONES FAILED TO ESTABLISH, MAINTAIN, AND ENFORCE AN ADEQUATE SUPERVISORY SYSTEM, INCLUDING WRITTEN
PROCEDURES, CONCERNING THE CREATION AND DISSEMINATION OF CONSOLIDATED REPORTS IN VIOLATION OF NASD RULE 3010(A) AND FINRA RULE
2010 DURING THE TIME PERIOD APRIL 2010 THROUGH 2014.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Acceptance, Waiver & Consent(AWC)
11. Resolution Date (MM/DD/YYYY):
07/13/2017
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 725,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
ON JULY 13, 2017, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER,
AND CONSENT ("AWC") WITH FINRA TO RESOLVE THIS MATTER. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED AND FINED $725,000.
IN RESOLVING THIS MATTER, FINRA ALSO STATED THAT EDWARD JONES HAS MADE CHANGES TO ENHANCE ITS SUPERVISORY PROCESSES. THE
FINE WAS PAID ON JULY 25, 2017.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).regulatory · block 64PDF pages 351–353
- Regulator name — filed text
- ARKANSAS SECURITIES DEPARTMENT
- Monetary/Fine Amount — filed text
- $ 50,000.00
- How was matter resolved — filed text
- Consent
Other filed details
Description of allegations — filed text
THE ARKANSAS SECURITIES DEPARTMENT ALLEGED THAT THE FIRM FAILED TO ADEQUATELY SUPERVISE THE ACTIVITIES OF AN AGENT, PROPERLY DISCLOSE A COMPLAINT AND SETTLEMENT RELATED TO THE AGENT, UPDATE AND DISCLOSE INFORMATION THAT THE AGENT WAS THE SUBJECT OF AN INTERNAL REVIEW AT THE TIME OF TERMINATION, AND MAKE AND KEEP BOOKS AND RECORDS IN VIOLATION OF ARK. CODE ANN. §§ 2342301(F)(1) AND 23-42-306, RULES OF THE ARKANSAS SECURITIES COMMISSIONER 301.01(C)(2)(F), 301.01(C)(5), 306.02, AND 308.01(X), AND FINRA BY-LAW ARTICLE V, SECTION 3.
Sanction detail — filed text
ON SEPTEMBER 13, 2018, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO A CONSENT ORDER WITH THE ARKANSAS SECURITIES DEPARTMENT TO RESOLVE THIS MATTER. PURSUANT TO THE CONSENT ORDER, EDWARD JONES SHALL CONDUCT A REVIEW OF ITS SUPERVISORY PROVISIONS AND PRACTICES, UPDATE THE AGENT'S U-5, AND PAY A FINE OF $50,000. THE FINE WAS PAID ON SEPTEMBER 12, 2018.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) ARKANSAS SECURITIES DEPARTMENT 2. Principal Sanction: Undertaking Other Sanctions: EDWARD JONES SHOULD REVIEW CURRENT SUPERVISORY PROVISIONS AND PRACTICES. UPDATE AGENT'S U-5. PAY FINE IN THE AMOUNT OF $50,000.00. 3. Date Initiated (MM/DD/YYYY): 03/09/2016 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: S-16-0017 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): THE ARKANSAS SECURITIES DEPARTMENT ALLEGED THAT THE FIRM FAILED TO ADEQUATELY SUPERVISE THE ACTIVITIES OF AN AGENT, PROPERLY DISCLOSE A COMPLAINT AND SETTLEMENT RELATED TO THE AGENT, UPDATE AND DISCLOSE INFORMATION THAT THE AGENT WAS THE SUBJECT OF AN INTERNAL REVIEW AT THE TIME OF TERMINATION, AND MAKE AND KEEP BOOKS AND RECORDS IN VIOLATION OF ARK. CODE ANN. §§ 2342301(F)(1) AND 23-42-306, RULES OF THE ARKANSAS SECURITIES COMMISSIONER 301.01(C)(2)(F), 301.01(C)(5), 306.02, AND 308.01(X), AND FINRA BY-LAW ARTICLE V, SECTION 3. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 09/13/2018 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 50,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: ON SEPTEMBER 13, 2018, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO A CONSENT ORDER WITH THE ARKANSAS SECURITIES DEPARTMENT TO RESOLVE THIS MATTER. PURSUANT TO THE CONSENT ORDER, EDWARD JONES SHALL CONDUCT A REVIEW OF ITS SUPERVISORY PROVISIONS AND PRACTICES, UPDATE THE AGENT'S U-5, AND PAY A FINE OF $50,000. THE FINE WAS PAID ON SEPTEMBER 12, 2018. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 65PDF pages 353–355
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 40,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
FINRA ALLEGED THAT EDWARD JONES VIOLATED FINRA RULES 1122 AND 2010 AND ARTICLE V, SECTION 2 OF FINRA'S BY-LAWS BY FILING FORMS U4 CONTAINING MISLEADING INFORMATION ABOUT THE AMOUNT OF ALLEGED DAMAGES IN CUSTOMERS' COMPLAINTS. FINRA FURTHER ALLEGED THAT THE FIRM'S DISCLOSURES TO FINRA OF CUSTOMER COMPLAINTS UNDERSTATED THE CUSTOMERS' ALLEGED DAMAGES, AND RESULTED FROM A MISUNDERSTANDING BY CERTAIN OF ITS ASSOCIATES ABOUT THE APPLICABLE REQUIREMENTS FOR DISCLOSURES REGARDING CUSTOMERS' COMPLAINTS. WHEN FINRA IDENTIFIED THE INACCURACIES, EDWARD JONES PROMPTLY UPDATED THE FORMS U4 AT ISSUE TO REFLECT THE SPECIFIC AMOUNTS OF THE CUSTOMERS' ALLEGED DAMAGES, PROVIDED ADDITIONAL TRAINING TO ITS ASSOCIATES, AND INSTITUTED ADDITIONAL SAFEGUARDS FOR ITS PROCESS OF DISCLOSING CUSTOMERS' COMPLAINTS.
Sanction detail — filed text
ON JUNE 19, 2019, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO AN ACCEPTANCE, WAIVER, AND CONSENT ("AWC") WITH FINRA TO RESOLVE THIS MATTER. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED, FINED $40,000, AND ORDERED TO CERTIFY IN WRITING THAT THE FIRM HAS REVIEWED ITS SYSTEMS, POLICIES, AND PROCEDURES, WRITTEN OR OTHERWISE, GOVERNING THE FIRM'S REVIEW, ANALYSIS, AND DISCLOSURE OF ALLEGED DAMAGES IN CUSTOMER COMPLAINTS AND THAT THE FIRM HAS ESTABLISHED AND IMPLEMENTED SYSTEMS, POLICIES, AND PROCEDURES, WRITTEN AND OTHERWISE, GOVERNING THE REVIEW, ANALYSIS AND DISCLOSURE OF ALLEGED DAMAGES IN CUSTOMER COMPLAINTS THAT ARE REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH FINRA RULES. THE FINE WAS PAID ON JULY 5, 2019 AND THE CERTIFICATION WAS FILED WITH FINRA ON JULY 9, 2019.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
FINRA
2.
Principal Sanction:
Other
Other Sanctions:
N/A
3.
Date Initiated (MM/DD/YYYY):
06/19/2019
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
2018056422401
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types:
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
FINRA ALLEGED THAT EDWARD JONES VIOLATED FINRA RULES 1122 AND 2010 AND ARTICLE V, SECTION 2 OF FINRA'S BY-LAWS BY FILING FORMS U4
CONTAINING MISLEADING INFORMATION ABOUT THE AMOUNT OF ALLEGED DAMAGES IN CUSTOMERS' COMPLAINTS. FINRA FURTHER ALLEGED THAT THE
FIRM'S DISCLOSURES TO FINRA OF CUSTOMER COMPLAINTS UNDERSTATED THE CUSTOMERS' ALLEGED DAMAGES, AND RESULTED FROM A
MISUNDERSTANDING BY CERTAIN OF ITS ASSOCIATES ABOUT THE APPLICABLE REQUIREMENTS FOR DISCLOSURES REGARDING CUSTOMERS'
COMPLAINTS. WHEN FINRA IDENTIFIED THE INACCURACIES, EDWARD JONES PROMPTLY UPDATED THE FORMS U4 AT ISSUE TO REFLECT THE SPECIFIC
AMOUNTS OF THE CUSTOMERS' ALLEGED DAMAGES, PROVIDED ADDITIONAL TRAINING TO ITS ASSOCIATES, AND INSTITUTED ADDITIONAL SAFEGUARDS
FOR ITS PROCESS OF DISCLOSING CUSTOMERS' COMPLAINTS.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Acceptance, Waiver & Consent(AWC)
11. Resolution Date (MM/DD/YYYY):
06/19/2019
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 40,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
UNDERTAKING
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
ON JUNE 19, 2019, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO AN ACCEPTANCE, WAIVER, AND
CONSENT ("AWC") WITH FINRA TO RESOLVE THIS MATTER. PURSUANT TO THE AWC, EDWARD JONES WAS CENSURED, FINED $40,000, AND
ORDERED TO CERTIFY IN WRITING THAT THE FIRM HAS REVIEWED ITS SYSTEMS, POLICIES, AND PROCEDURES, WRITTEN OR OTHERWISE,
GOVERNING THE FIRM'S REVIEW, ANALYSIS, AND DISCLOSURE OF ALLEGED DAMAGES IN CUSTOMER COMPLAINTS AND THAT THE FIRM HAS
ESTABLISHED AND IMPLEMENTED SYSTEMS, POLICIES, AND PROCEDURES, WRITTEN AND OTHERWISE, GOVERNING THE REVIEW, ANALYSIS AND
DISCLOSURE OF ALLEGED DAMAGES IN CUSTOMER COMPLAINTS THAT ARE REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH FINRA
RULES. THE FINE WAS PAID ON JULY 5, 2019 AND THE CERTIFICATION WAS FILED WITH FINRA ON JULY 9, 2019.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).regulatory · block 66PDF pages 355–357
- Regulator name — filed text
- SOUTH DAKOTA DIVISION OF INSURANCE, DEPARTMENT OF LABOR AND REGULATION
- How was matter resolved — filed text
- Consent
Other filed details
Description of allegations — filed text
IN CONNECTION WITH A COMPLAINT BY A SOUTH DAKOTA PUBLIC CUSTOMER, THE SOUTH DAKOTA DIVISION OF INSURANCE, DEPARTMENT OF LABOR AND REGULATION ALLEGED THAT EDWARD JONES FAILED TO SUPERVISE A SINGLE FINANCIAL ADVISOR IN CONNECTION WITH THAT FINANCIAL ADVISOR'S RECOMMENDATION OF CERTAIN MUTUAL FUNDS TO THE CUSTOMER IN VIOLATION OF THE SOUTH DAKOTA SECURITIES ACT AND FINRA RULES 2010 AND 3110.
Sanction detail — filed text
ON DECEMBER 20, 2019, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO A CONSENT ORDER THE WITH THE SOUTH DAKOTA DIVISION OF INSURANCE, DEPARTMENT OF LABOR AND REGULATION (THE "DIVISION") TO RESOLVE THIS MATTER. EDWARD JONES AGREED TO PAY THE DIVISION $10,000 FOR THE COSTS OF THEIR INVESTIGATION AND TO MAKE AN OFFER OF SETTLEMENT TO THE CUSTOMER IN THE AMOUNT OF $2,406.47. THE OFFER OF SETTLEMENT HAS BEEN TENDERED TO THE CUSTOMER, AND A CHECK FOR THE PAYMENT OF INVESTIGATIVE COSTS WAS MAILED OVERNIGHT TO THE DIVISION ON DECEMBER 19, 2019.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) SOUTH DAKOTA DIVISION OF INSURANCE, DEPARTMENT OF LABOR AND REGULATION 2. Principal Sanction: Other Other Sanctions: FOR SANCTIONS, REFER TO ITEM 12 BELOW. 3. Date Initiated (MM/DD/YYYY): 12/20/2019 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): IN CONNECTION WITH A COMPLAINT BY A SOUTH DAKOTA PUBLIC CUSTOMER, THE SOUTH DAKOTA DIVISION OF INSURANCE, DEPARTMENT OF LABOR AND REGULATION ALLEGED THAT EDWARD JONES FAILED TO SUPERVISE A SINGLE FINANCIAL ADVISOR IN CONNECTION WITH THAT FINANCIAL ADVISOR'S RECOMMENDATION OF CERTAIN MUTUAL FUNDS TO THE CUSTOMER IN VIOLATION OF THE SOUTH DAKOTA SECURITIES ACT AND FINRA RULES 2010 AND 3110. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 12/20/2019 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: INVESTIGATIVE COSTS OF $10,000; OFFER OF SETTLEMENT TO CUSTOMER OF $2,406.47 Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: ON DECEMBER 20, 2019, EDWARD JONES, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, ENTERED INTO A CONSENT ORDER THE WITH THE SOUTH DAKOTA DIVISION OF INSURANCE, DEPARTMENT OF LABOR AND REGULATION (THE "DIVISION") TO RESOLVE THIS MATTER. EDWARD JONES AGREED TO PAY THE DIVISION $10,000 FOR THE COSTS OF THEIR INVESTIGATION AND TO MAKE AN OFFER OF SETTLEMENT TO THE CUSTOMER IN THE AMOUNT OF $2,406.47. THE OFFER OF SETTLEMENT HAS BEEN TENDERED TO THE CUSTOMER, AND A CHECK FOR THE PAYMENT OF INVESTIGATIVE COSTS WAS MAILED OVERNIGHT TO THE DIVISION ON DECEMBER 19, 2019. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
regulatory · block 67PDF pages 357–359
- Regulator name — filed text
- NEVADA OFFICE OF THE SECRETARY OF STATE - SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 50,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON AUGUST 5, 2021, AN ADMINISTRATIVE CONSENT ORDER (THE "ORDER") WAS ENTERED BY THE SECURITIES ADMINISTRATOR OF THE STATE OF NEVADA AGAINST EDWARD JONES ("EDWARD JONES" OR "THE FIRM"). EDWARD JONES CONSENTED TO THE ORDER WITHOUT EITHER ADMITTING OR DENYING THE ALLEGATIONS SET FORTH IN THE ORDER. THE ORDER ALLEGED THAT EDWARD JONES FAILED TO SUPERVISE A FORMER FINANCIAL ADVISOR WHO HAD OFFERED AND SOLD PERSONAL SEAT LICENSES (THE "PSLS") TO AN EDWARD JONES CLIENT WITHOUT DISCLOSING SUCH ACTIVITY TO THE FIRM. THE ORDER ALSO ALLEGED THAT THE FORMER FINANCIAL ADVISOR NEVER DELIVERED THE PSLS TO THE CLIENT. THE ORDER ALSO STATED THAT WHEN EDWARD JONES BECAME AWARE THAT THE FORMER FINANCIAL ADVISOR ENGAGED IN THIS ACTIVITY, THE FIRM IMMEDIATELY TERMINATED THE FINANCIAL ADVISOR. THE FIRM SUBSEQUENTLY MADE THE CLIENT WHOLE, INCLUSIVE OF INTEREST. THE ORDER REQUIRES EDWARD JONES TO CEASE VIOLATING, AND TO COMPLY WITH, THE NEVADA SECURITIES ACT. ADDITIONALLY, EDWARD JONES AGREED TO PAY TO THE NEVADA SECRETARY OF STATE'S OFFICE $50,000.00 AND $2,762.57 AS A CIVIL PENALTY AND INVESTIGATORY COSTS, RESPECTIVELY. SUCH PAYMENTS WERE MAILED TO THE SECRETARY OF STATE'S OFFICE ON OR ABOUT AUGUST 9, 2021, PURSUANT TO THE TERMS OF THE ORDER.
Other filed details
Description of allegations — filed text
THE NEVADA SECURITIES DIVISION ALLEGED THAT EDWARD JONES FAILED TO SUPERVISE A FORMER FINANCIAL ADVISOR WHO HAD OFFERED AND SOLD PERSONAL SEAT LICENSES ("PSLS") TO AN EDWARD JONES CLIENT IN VIOLATION OF NEVADA REVISED STATUTES 90.420. THE DIVISION ALSO ALLEGED THAT THE FORMER FINANCIAL ADVISOR NEVER DELIVERED THE PSLS TO THE CLIENT.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY TO THE NEVADA SECRETARY OF STATE'S OFFICE $50,000.00 AND $2,762.57 AS A CIVIL PENALTY AND INVESTIGATORY COSTS, RESPECTIVELY. SUCH PAYMENTS WERE MAILED TO THE SECRETARY OF STATE'S OFFICE ON OR ABOUT AUGUST 9, 2021.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page.
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A. The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name).
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances:
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
Yes
No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1. Regulatory Action initiated by:
SEC
Other Federal
State
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO)
NEVADA OFFICE OF THE SECRETARY OF STATE - SECURITIES DIVISION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions:
CEASE AND DESIST
3.
Date Initiated (MM/DD/YYYY):
08/05/2021
Exact
Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
INV20-096
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Other
Other Product Types:
PERSONAL SEAT LICENSES FOR PROFESSIONAL FOOTBALL TEAM
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
THE NEVADA SECURITIES DIVISION ALLEGED THAT EDWARD JONES FAILED TO SUPERVISE A FORMER FINANCIAL ADVISOR WHO HAD OFFERED AND
SOLD PERSONAL SEAT LICENSES ("PSLS") TO AN EDWARD JONES CLIENT IN VIOLATION OF NEVADA REVISED STATUTES 90.420. THE DIVISION ALSO
ALLEGED THAT THE FORMER FINANCIAL ADVISOR NEVER DELIVERED THE PSLS TO THE CLIENT.
8.
Current Status?
Pending
On Appeal
Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
08/05/2021
Exact
Explanation
If not exact, provide explanation:
12. Resolution Detail:
A. Were any of the following Sanctions Ordered (check all appropriate items)?
Monetary/Fine Amount: $ 50,000.00
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions Ordered:
INVESTIGATORY COSTS REIMBURSEMENT OF $2,762.57
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
EDWARD JONES AGREED TO PAY TO THE NEVADA SECRETARY OF STATE'S OFFICE $50,000.00 AND $2,762.57 AS A CIVIL PENALTY AND
INVESTIGATORY COSTS, RESPECTIVELY. SUCH PAYMENTS WERE MAILED TO THE SECRETARY OF STATE'S OFFICE ON OR ABOUT AUGUST 9, 2021.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON AUGUST 5, 2021, AN ADMINISTRATIVE CONSENT ORDER (THE "ORDER") WAS ENTERED BY THE SECURITIES ADMINISTRATOR OF THE STATE OF
NEVADA AGAINST EDWARD JONES ("EDWARD JONES" OR "THE FIRM"). EDWARD JONES CONSENTED TO THE ORDER WITHOUT EITHER ADMITTING OR
DENYING THE ALLEGATIONS SET FORTH IN THE ORDER. THE ORDER ALLEGED THAT EDWARD JONES FAILED TO SUPERVISE A FORMER FINANCIAL
ADVISOR WHO HAD OFFERED AND SOLD PERSONAL SEAT LICENSES (THE "PSLS") TO AN EDWARD JONES CLIENT WITHOUT DISCLOSING SUCH ACTIVITY
TO THE FIRM. THE ORDER ALSO ALLEGED THAT THE FORMER FINANCIAL ADVISOR NEVER DELIVERED THE PSLS TO THE CLIENT. THE ORDER ALSO
STATED THAT WHEN EDWARD JONES BECAME AWARE THAT THE FORMER FINANCIAL ADVISOR ENGAGED IN THIS ACTIVITY, THE FIRM IMMEDIATELY
TERMINATED THE FINANCIAL ADVISOR. THE FIRM SUBSEQUENTLY MADE THE CLIENT WHOLE, INCLUSIVE OF INTEREST. THE ORDER REQUIRES EDWARD
JONES TO CEASE VIOLATING, AND TO COMPLY WITH, THE NEVADA SECURITIES ACT. ADDITIONALLY, EDWARD JONES AGREED TO PAY TO THE NEVADA
SECRETARY OF STATE'S OFFICE $50,000.00 AND $2,762.57 AS A CIVIL PENALTY AND INVESTIGATORY COSTS, RESPECTIVELY. SUCH PAYMENTS WERE
MAILED TO THE SECRETARY OF STATE'S OFFICE ON OR ABOUT AUGUST 9, 2021, PURSUANT TO THE TERMS OF THE ORDER.regulatory · block 68PDF pages 359–360
- Regulator name — filed text
- WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, SECURITIES DIVISION
- Monetary/Fine Amount — filed text
- $ 150,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
ON NOVEMBER 14, 2022, EDWARD JONES ENTERED INTO A CONSENT ORDER WITH THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, SECURITIES DIVISION (THE "DIVISION"). THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, SECURITIES DIVISION (THE "DIVISION") ALLEGED THAT BETWEEN 2017 AND 2021, EDWARD JONES VIOLATED RCW 21.20.110(1)(J) BY FAILING TO SUPERVISE A FORMER FINANCIAL ADVISOR, WHO THE DIVISION ALLEGED RECEIVED PAYMENTS OF GIFTS AND LOANS TOTALING APPROXIMATELY $550,000.00 FROM AN ELDERLY CLIENT WITHOUT DISCLOSING THE PAYMENTS TO EDWARD JONES. THE DIVISION FURTHER ALLEGED THAT EDWARD JONES FAILED TO DETECT THE FINANCIAL ADVISOR'S UNDISCLOSED OUTSIDE BUSINESS. UPON BECOMING AWARE OF THE FINANCIAL ADVISOR'S CONDUCT, EDWARD JONES TERMINATED THE FINANCIAL ADVISOR ON DECEMBER 13, 2021. WITHOUT ADMITTING OR DENYING THE DIVISION'S FINDINGS OF FACT AND CONCLUSIONS OF LAW, EDWARD JONES AGREED TO REASONABLY SUPERVISE ITS REGISTERED SECURITIES SALESPERSONS AND INVESTMENT ADVISER REPRESENTATIVES, PAY A FINE OF $150,000.00 AND INVESTIGATIVE COSTS OF $25,000.00.
Other filed details
Description of allegations — filed text
THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, SECURITIES DIVISION (THE "DIVISION") ALLEGED THAT BETWEEN 2017 AND 2021, EDWARD JONES VIOLATED RCW 21.20.110(1)(J) BY FAILING TO SUPERVISE A FORMER FINANCIAL ADVISOR, WHO THE DIVISION ALLEGED RECEIVED PAYMENTS OF GIFTS AND LOANS TOTALING APPROXIMATELY $550,000.00 FROM AN ELDERLY CLIENT WITHOUT DISCLOSING THE PAYMENTS TO EDWARD JONES. THE DIVISION FURTHER ALLEGED THAT EDWARD JONES FAILED TO DETECT THE FINANCIAL ADVISOR'S UNDISCLOSED OUTSIDE BUSINESS.
Sanction detail — filed text
EDWARD JONES AGREED TO PAY THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, SECURITIES DIVISION A FINE OF $150,000.00 AND INVESTIGATIVE COSTS OF $25,000.00. SUCH PAYMENT WAS MADE BY CHECK MAILED ON OR ABOUT NOVEMBER 9, 2022.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, SECURITIES DIVISION 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 11/14/2022 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: ORDER NUMBER S-21-3243-22-CO01 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, SECURITIES DIVISION (THE "DIVISION") ALLEGED THAT BETWEEN 2017 AND 2021, EDWARD JONES VIOLATED RCW 21.20.110(1)(J) BY FAILING TO SUPERVISE A FORMER FINANCIAL ADVISOR, WHO THE DIVISION ALLEGED RECEIVED PAYMENTS OF GIFTS AND LOANS TOTALING APPROXIMATELY $550,000.00 FROM AN ELDERLY CLIENT WITHOUT DISCLOSING THE PAYMENTS TO EDWARD JONES. THE DIVISION FURTHER ALLEGED THAT EDWARD JONES FAILED TO DETECT THE FINANCIAL ADVISOR'S UNDISCLOSED OUTSIDE BUSINESS. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 11/14/2022 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 150,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: AGREEMENT TO REASONABLY SUPERVISE FINANCIAL ADVISORS; PAYMENT OF INVESTIGATIVE COSTS OF $25,000.00. Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES AGREED TO PAY THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, SECURITIES DIVISION A FINE OF $150,000.00 AND INVESTIGATIVE COSTS OF $25,000.00. SUCH PAYMENT WAS MADE BY CHECK MAILED ON OR ABOUT NOVEMBER 9, 2022. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). ON NOVEMBER 14, 2022, EDWARD JONES ENTERED INTO A CONSENT ORDER WITH THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, SECURITIES DIVISION (THE "DIVISION"). THE WASHINGTON STATE DEPARTMENT OF FINANCIAL INSTITUTIONS, SECURITIES DIVISION (THE "DIVISION") ALLEGED THAT BETWEEN 2017 AND 2021, EDWARD JONES VIOLATED RCW 21.20.110(1)(J) BY FAILING TO SUPERVISE A FORMER FINANCIAL ADVISOR, WHO THE DIVISION ALLEGED RECEIVED PAYMENTS OF GIFTS AND LOANS TOTALING APPROXIMATELY $550,000.00 FROM AN ELDERLY CLIENT WITHOUT DISCLOSING THE PAYMENTS TO EDWARD JONES. THE DIVISION FURTHER ALLEGED THAT EDWARD JONES FAILED TO DETECT THE FINANCIAL ADVISOR'S UNDISCLOSED OUTSIDE BUSINESS. UPON BECOMING AWARE OF THE FINANCIAL ADVISOR'S CONDUCT, EDWARD JONES TERMINATED THE FINANCIAL ADVISOR ON DECEMBER 13, 2021. WITHOUT ADMITTING OR DENYING THE DIVISION'S FINDINGS OF FACT AND CONCLUSIONS OF LAW, EDWARD JONES AGREED TO REASONABLY SUPERVISE ITS REGISTERED SECURITIES SALESPERSONS AND INVESTMENT ADVISER REPRESENTATIVES, PAY A FINE OF $150,000.00 AND INVESTIGATIVE COSTS OF $25,000.00.
regulatory · block 69PDF pages 360–363
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 1,100,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Action status / disposition — filed text
ON DECEMBER 13, 2022, EDWARD JONES ENTERED INTO AN AWC WITH FINRA WITHOUT ADMITTING OR DENYING THE FINDINGS. EDWARD JONES AGREED TO A CENSURE, TO CERTIFY THAT IT HAS ESTABLISHED AND IMPLEMENTED POLICIES, PROCEDURES, PROCESSES AND INTERNAL CONTROLS REASONABLY DESIGNED TO ADDRESS AND REMEDIATE THE ISSUES IDENTIFIED IN THE AWC, AND TO PAY A MONETARY FINE OF $1.1 MILLION. DRP Pages
Other filed details
Description of allegations — filed text
FINRA ALLEGED THAT EDWARD JONES VIOLATED FINRA RULES 8210(A)(1) AND 2010 BY FAILING TO TIMELY, COMPLETELY, AND ACCURATELY PRODUCE CERTAIN CALL DETAIL RECORDS IN RESPONSE TO CERTAIN FINRA DOCUMENT REQUESTS BETWEEN MAY 2017 AND MARCH 2021. CALL DETAIL RECORDS ARE NOT REQUIRED BROKER-DEALER BOOKS AND RECORDS. FINRA ALLEGED THAT EDWARD JONES REPRESENTED TO FINRA THAT CALL DETAIL RECORDS OLDER THAN 18 MONTHS WERE NOT AVAILABLE, BUT FAILED TO SEARCH ONE STORAGE LOCATION USED BY CERTAIN EMPLOYEES WITH AN ANALYTICS TOOL AND FAILED TO PROMPTLY NOTIFY FINRA UPON DISCOVERING THE ISSUE. FINRA FURTHER ALLEGED THAT EDWARD JONES FAILED TO PRESERVE AND PRODUCE TO FINRA CERTAIN CALL DETAIL RECORDS THAT WERE DELETED PURSUANT TO THE COMPANY'S DOCUMENT PURGE PROTOCOL.
Sanction detail — filed text
EDWARD JONES WAS CENSURED, UNDERTOOK TO CERTIFY THAT IT HAS ESTABLISHED AND IMPLEMENTED POLICIES, PROCEDURES, PROCESSES AND INTERNAL CONTROLS REASONABLY DESIGNED TO ADDRESS AND REMEDIATE THE ISSUES IDENTIFIED IN THE AWC, AND PAID A MONETARY FINE OF $1.1 MILLION TO FINRA BY WIRE TRANSFER ON DECEMBER 27, 2022.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Civil and Administrative Penalt(ies) /Fine(s) Other Sanctions: CENSURE, UNDERTAKING 3. Date Initiated (MM/DD/YYYY): 12/13/2022 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2020066649301 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): FINRA ALLEGED THAT EDWARD JONES VIOLATED FINRA RULES 8210(A)(1) AND 2010 BY FAILING TO TIMELY, COMPLETELY, AND ACCURATELY PRODUCE CERTAIN CALL DETAIL RECORDS IN RESPONSE TO CERTAIN FINRA DOCUMENT REQUESTS BETWEEN MAY 2017 AND MARCH 2021. CALL DETAIL RECORDS ARE NOT REQUIRED BROKER-DEALER BOOKS AND RECORDS. FINRA ALLEGED THAT EDWARD JONES REPRESENTED TO FINRA THAT CALL DETAIL RECORDS OLDER THAN 18 MONTHS WERE NOT AVAILABLE, BUT FAILED TO SEARCH ONE STORAGE LOCATION USED BY CERTAIN EMPLOYEES WITH AN ANALYTICS TOOL AND FAILED TO PROMPTLY NOTIFY FINRA UPON DISCOVERING THE ISSUE. FINRA FURTHER ALLEGED THAT EDWARD JONES FAILED TO PRESERVE AND PRODUCE TO FINRA CERTAIN CALL DETAIL RECORDS THAT WERE DELETED PURSUANT TO THE COMPANY'S DOCUMENT PURGE PROTOCOL. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 12/13/2022 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 1,100,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: UNDERTAKING Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: EDWARD JONES WAS CENSURED, UNDERTOOK TO CERTIFY THAT IT HAS ESTABLISHED AND IMPLEMENTED POLICIES, PROCEDURES, PROCESSES AND INTERNAL CONTROLS REASONABLY DESIGNED TO ADDRESS AND REMEDIATE THE ISSUES IDENTIFIED IN THE AWC, AND PAID A MONETARY FINE OF $1.1 MILLION TO FINRA BY WIRE TRANSFER ON DECEMBER 27, 2022. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). ON DECEMBER 13, 2022, EDWARD JONES ENTERED INTO AN AWC WITH FINRA WITHOUT ADMITTING OR DENYING THE FINDINGS. EDWARD JONES AGREED TO A CENSURE, TO CERTIFY THAT IT HAS ESTABLISHED AND IMPLEMENTED POLICIES, PROCEDURES, PROCESSES AND INTERNAL CONTROLS REASONABLY DESIGNED TO ADDRESS AND REMEDIATE THE ISSUES IDENTIFIED IN THE AWC, AND TO PAY A MONETARY FINE OF $1.1 MILLION. DRP Pages
* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.