Edward Jones
Exclusive: Edward Jones Pilots Shared Office Space for Brokers
In break from its longstanding single-broker branch model, financial advisors will be able to co-locate under a new program Edward Jones is testing and that is being rolled out to select advisors this week.
Edward Jones to Settle Race Discrimination Suit for $34 Million
The case, brought in 2018, alleged “widespread” discrimination against Black advisors and focused on Jones’ practice of recouping training costs and its inherited account programs.
Ex-Jones Broker Suspended for Attempting DIY Settlement with Client
Finra also fined the Iowa-based broker $5,000 for trying to settle the claim without his firm’s knowledge.
Edward Jones Profit Jumped 18% in 2020, Broker Count Fell in Q4
Biggest brokerage firm by number of advisors says its force fell by more than 100 in fourth quarter, but 2020 revenue and profit grew due to rising markets and expense cuts.
Edward Jones Wins TRO Against Ameriprise Broker
Jones wins approval to keep South Carolina advisor with five years of experience from soliciting former clients to his independent brokerage practice.
Edward Jones Broker Count Up 5%, Firm Pauses Branch Growth
The largest brokerage firm by headcount added 181 advisors in the third quarter and 837 in the past year, but warned of a new-office slowdown amid virus uncertainty.
Arbitrators Clean Record of Jones Broker Fired for Licensing Slip
Washington State broker fired for interpreting a now-obsolete retirement account advice rule differently than her employer was defamed on regulatory records, panel rules.
Judge Tosses Ex-Edward Jones Client Associate’s Discrimination Suit
Branch office administrator who claimed age discrimination and retaliation could not prove that she was forced to resign, judge rules.
Brokers Notch Mixed Results in TRO Battles with JPMorgan, Edward Jones
Ameriprise broker in Michigan wins dismissal of an earlier TRO granted almost two weeks ago while another Ameriprise broker in Virginia loses to TRO claim from Edward Jones.
Finra Suspends Ex-Jones Broker over DIY Customer Settlement
Topeka, Kansas broker paid customer $2,500 to resolve a complaint that her account declined in value after the broker delayed in closing the account during the March market crash.
Edward Jones Restores Pay Raises as Q2 Net Income Inches Up
Nation’s biggest employer of brokers lifts freeze on raises that were imposed at the start of the pandemic, but continues new-advisor training halt and ban on overtime pay to branch and home-office employees.
