Edward Jones: investment adviser

Item 11 questions answered Yes

These questions cover the firm and its advisory affiliates.

• In the past ten years, have you or any advisory affiliate: been charged with any felony?
• In the past ten years, have you or any advisory affiliate: been convicted of or pled guilty or nolo contendere ("no contest") in a domestic, foreign, or military court to a misdemeanor involving: investments or an investment-related business, or any fraud, false statements, or omissions, wrongful taking of property, bribery, perjury,
• In the past ten years, have you or any advisory affiliate: been charged with a misdemeanor listed in Item 11.B.(1)?
• Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: found you or any advisory affiliate to have made a false statement or omission?
• Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
• Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: entered an order against you or any advisory affiliate in connection with investment-related activity?
• Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?
• Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever found you or any advisory affiliate to have made a false statement or omission, or been dishonest, unfair, or unethical?
• Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
• Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: in the past ten years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
• Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever denied, suspended, or revoked your or any advisory affiliate's registration or license, or otherwise prevented you or any advisory affiliate, by order, from associating with an investment-related business or restricted your or any advisory affiliate's activity?
• Has any self-regulatory organization or commodities exchange ever: found you or any advisory affiliate to have been involved in a violation of its rules (other than a violation designated as a "minor rule
• Has any self-regulatory organization or commodities exchange ever: violation" under a plan approved by the SEC)?
• Has any self-regulatory organization or commodities exchange ever: disciplined you or any advisory affiliate by expelling or suspending you or the advisory affiliate from membership, barring or suspending you or the advisory affiliate from association with other members, or otherwise restricting your or the advisory affiliate's activities?
• F. Has an authorization to act as an attorney, accountant, or federal contractor granted to you or any advisory affiliate ever been revoked or suspended?
• G. Are you or any advisory affiliate now the subject of any regulatory proceeding that could result in a "yes" answer to any part of Item 11.C.,

Actions about the firm (139)

1. Sep 22, 2026
   Regulatory Action: The Colorado Division of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Sep 22, 2026 · Resolved Sep 22, 2026 · Consent · Docket 2025-CDS-034

   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.

   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.

2. Aug 24, 2026
   Regulatory Action: State of New Jersey Department of Banking and Insurance FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Cease and desist · Fine: $5,000 · Begun Aug 24, 2026 · Resolved Aug 24, 2026 · Consent · Docket ORDER NUMBER: E26-96

   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).

   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.

3. Aug 20, 2026
   Regulatory Action: Kansas Department of Insurance, Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Aug 20, 2026 · Resolved Aug 20, 2026 · Consent · Docket DOCKET NO.: 27E016, KSC NO.: 2027-7597

   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).

   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.

4. Jun 26, 2026
   Regulatory Action: North Dakota Insurance and Securities Department FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Jun 26, 2026 · Resolved Jun 26, 2026 · Consent · Docket CASE NUMBER: SO-25-908

   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).

   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.

5. Jun 17, 2026
   Regulatory Action: State of Florida, Office of Financial Regulation FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Resolved Jun 17, 2026 · Consent · Docket CASE NUMBER: 130174-S

   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.

   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.

6. Jun 16, 2026
   Regulatory Action: FINRA FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Censure; and undertakings · Fine: $125,000 · Begun Jun 16, 2026 · Resolved Jun 16, 2026 · Acceptance, Waiver & Consent(AWC) · Docket NO. 2020067346401

   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.

   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.

7. Jun 16, 2026
   Regulatory Action: Securities Division of the Secretary of the Commonwealth of Massachusetts FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Censure; cease and desist; and undertakings · Fine: $50,000 · Begun Jun 16, 2026 · Resolved Jun 16, 2026 · Consent · Docket DOCKET NO. R-2026-1072

   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).

   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.

8. Jun 5, 2026
   Regulatory Action: State of Maine Office of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Jun 5, 2026 · Resolved Jun 5, 2026 · Consent · Docket CONSENT ORDER NO. 2026-07

   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).

   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.

9. Jun 5, 2026
   Regulatory Action: State of Michigan Department of Licensing and Regulatory Affairs, Corporations, Securities, and Commercial Licensing Bureau FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Jun 5, 2026 · Resolved Jun 5, 2026 · Consent · Docket ENF-25-020116

   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).

   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.

10. May 12, 2026
    Regulatory Action: North Carolina Department of the Secretary of State, Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun May 12, 2026 · Resolved May 12, 2026 · Consent · Docket FINAL ORDER 25ADM002

    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).

    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.

11. May 5, 2026
    Regulatory Action: Washington State Department of Financial Institutions FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; investigation costs; and undertakings · Fine: $100,000 · Begun May 5, 2026 · Resolved May 5, 2026 · Consent · Docket ORDER NO. S-25-3996-25-CO01

    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

    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.

12. Apr 13, 2026
    Regulatory Action: Kentucky Department of Financial Institutions FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Apr 13, 2026 · Resolved Apr 13, 2026 · Consent · Docket 2025-DFI-0145

    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).

    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.

13. Apr 9, 2026
    Regulatory Action: Louisiana Office of Financial Institutions FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Apr 9, 2026 · Resolved Apr 9, 2026 · Consent · Docket MATTER NO. OFI-2025-02

    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.

    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.

14. Apr 1, 2026
    Regulatory Action: Securities Division of the Office of the Nevada Secretary of State FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Apr 1, 2026 · Resolved Apr 1, 2026 · Consent · Docket FILE NO. INV25-163

    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.

    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.

15. Mar 26, 2026
    Regulatory Action: District of Columbia Department of Insurance, Securities and Banking FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Mar 26, 2026 · Resolved Mar 26, 2026 · Consent · Docket ORDER NO: SB-CO-06-25

    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).

    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.

16. Mar 4, 2026
    Regulatory Action: Wisconsin Department of Financial Institutions Division of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Mar 4, 2026 · Resolved Mar 4, 2026 · Consent · Docket DFI CASE NO. S-251169 (LX)

    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).

    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.

17. Feb 25, 2026
    Regulatory Action: Securities Commissioner of South Carolina FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Feb 25, 2026 · Resolved Feb 25, 2026 · Consent · Docket MATTER NO. 20252027

    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).

    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.

18. Feb 24, 2026
    Regulatory Action: Puerto Rico Office of the Commissioner of Financial Institutions FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Feb 24, 2026 · Resolved Feb 24, 2026 · Consent · Docket CONSENT ORDER

    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").

    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.

19. Feb 20, 2026
    Regulatory Action: State of California Department of Financial Protection and Innovation FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Feb 20, 2026 · Resolved Feb 20, 2026 · Consent · Docket CONSENT ORDER

    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.

    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.

20. Feb 20, 2026
    Regulatory Action: Commissioner of Securities for the State of Georgia FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Feb 20, 2026 · Resolved Feb 20, 2026 · Consent · Docket ENSC-251262

    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).

    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.

21. Feb 20, 2026
    Regulatory Action: Mississippi Secretary of State Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Feb 20, 2026 · Resolved Feb 20, 2026 · Consent · Docket LS-25-8149

    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).

    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.

22. Feb 20, 2026
    Regulatory Action: Illinois Secretary of State Securities Department FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Feb 20, 2026 · Resolved Feb 20, 2026 · Consent · Docket FILE NO.: 2500298

    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.

    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.

23. Dec 19, 2025
    Regulatory Action: Texas State Securities Board FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; investigation costs; and undertakings · Fine: $100,000 · Begun Dec 19, 2025 · Resolved Dec 19, 2025 · Consent · Docket LID-25-CAF-01

    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.

    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.

24. Dec 15, 2025
    Regulatory Action: Enforcement Section of the Missouri Securities Division of the Office of the Secretary of State FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $125,000 · Begun Dec 15, 2025 · Resolved Dec 15, 2025 · Consent · Docket AP-25-08

    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).

    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.

25. Nov 19, 2025
    Regulatory Action: Delaware Department of Justice, Investor Protection Unit FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Nov 19, 2025 · Resolved Nov 19, 2025 · Consent · Docket ADMINISTRATIVE CONSENT ORDER

    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.

    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.

26. Nov 18, 2025
    Regulatory Action: Commissioner of Securities and Insurance, Office of the Montana State Auditor FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Nov 18, 2025 · Resolved Nov 18, 2025 · Consent · Docket SEC-2025-58A

    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).

    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.

27. Nov 17, 2025
    Regulatory Action: State of Hawaii Department of Commerce and Consumer Affairs FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Nov 17, 2025 · Resolved Nov 17, 2025 · Consent · Docket SEB20250011

    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).

    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.

28. Nov 17, 2025
    Regulatory Action: Alabama Securities Commission FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; investigation costs; and undertakings · Fine: $100,000 · Begun Nov 17, 2025 · Resolved Nov 17, 2025 · Consent · Docket CO-2025-0029

    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).

    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.

29. Nov 17, 2025
    Regulatory Action: State of Minnesota Department of Commerce FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Nov 17, 2025 · Resolved Nov 17, 2025 · Consent · Docket ADMINISTRATIVE CONSENT ORDER

    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).

    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.

30. Nov 14, 2025
    Regulatory Action: Nebraska Department of Banking and Finance FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Nov 14, 2025 · Resolved Nov 14, 2025 · Consent · Docket FINDINGS OF FACT CONCLUSIONS OF LAW AND CONSENT ORDER

    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").

    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.

31. Nov 14, 2025
    Regulatory Action: The Idaho Department of Finance FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Nov 14, 2025 · Resolved Nov 14, 2025 · Consent · Docket SB-2025-105

    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).

    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.

32. Nov 14, 2025
    Regulatory Action: New Hampshire Department of State Bureau of Securities Regulation FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Resolved Nov 14, 2025 · Consent · Docket I-2025000054

    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).

    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.

33. Oct 27, 2025
    Regulatory Action: The Alaska Department of Commerce, Community, and Economic Development Division of Banking and Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Oct 27, 2025 · Resolved Oct 27, 2025 · Consent · Docket ORDER NO. 25-61-S

    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").

    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.

34. Oct 23, 2025
    Regulatory Action: Utah Division of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Resolved Oct 23, 2025 · Consent · Docket DOCKET NO. SD-25-00-16

    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).

    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.

35. Oct 14, 2025
    Regulatory Action: Securities Division of the New Mexico Regulation and Licensing Department FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Oct 14, 2025 · Resolved Oct 14, 2025 · Consent · Docket CASE NO. MS 25-07-10-2

    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).

    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.

36. Oct 13, 2025
    Regulatory Action: Arkansas Securities Department FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Oct 13, 2025 · Consent · Docket ORDER NO. S-25-0017-25-OR01

    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).

    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.

37. Oct 9, 2025
    Regulatory Action: The South Dakota Division of Insurance FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Oct 9, 2025 · Resolved Oct 9, 2025 · Consent · Docket ADMIN CONSENT ORDER

    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).

    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.

38. Oct 9, 2025
    Regulatory Action: Vermont Department of Financial Regulation FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Oct 9, 2025 · Resolved Oct 9, 2025 · Consent · Docket DOCKET NO. 25-018-S

    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).

    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

39. Oct 8, 2025
    Regulatory Action: Connecticut Banking Commissioner FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Oct 8, 2025 · Resolved Oct 8, 2025 · Consent · Docket NO. CO-25-202525-S

    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.

    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.

40. Oct 8, 2025
    Regulatory Action: Oklahoma Department of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Oct 8, 2025 · Resolved Oct 8, 2025 · Consent · Docket ODS FILE 25-232

    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.

    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.

41. Oct 8, 2025
    Regulatory Action: Indiana Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Oct 8, 2025 · Resolved Oct 8, 2025 · Consent · Docket CAUSE NO. 25-0009 CA

    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.

    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.

42. Sep 25, 2025
    Regulatory Action: Ohio Division of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; and undertakings · Fine: $100,000 · Begun Sep 25, 2025 · Resolved Sep 25, 2025 · Consent · Docket DIVISION ORDER NO: 25-014

    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).

    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.

43. Sep 5, 2025
    Regulatory Action: Commonwealth of Pennsylvania Department of Banking and Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist · Fine: $100,000 · Begun Sep 5, 2025 · Resolved Sep 5, 2025 · Consent · Docket DOCKET NO. 250026 (SEC-ORD)

    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).

    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.

44. Sep 4, 2025
    Regulatory Action: State of Oregon Department of Consumer and Business Services Division of Financial Regulation FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; · Fine: $100,000 · Begun Sep 4, 2025 · Resolved Sep 4, 2025 · Consent · Docket CASE NO. S-25-0038

    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).

    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.

45. Sep 3, 2025
    Regulatory Action: North Carolina Department of Insurance FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $5,500 · Begun Sep 3, 2025 · Resolved Sep 3, 2025 · Settled · Docket ASD FILE #96200

    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.

    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.

46. Sep 3, 2025
    Regulatory Action: West Virginia Securities Commission FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; · Fine: $100,000 · Begun Sep 3, 2025 · Resolved Sep 3, 2025 · Consent · Docket CASE NO.: 25-0060

    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).

    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.

47. Jun 4, 2025
    Regulatory Action: Securities Division of the Office of the Secretary of the Commonwealth of Massachusetts FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Restitution; censure; cease and desist; investigation costs; and undertakings · Fine: $100,000 · Begun Jun 4, 2025 · Resolved Jun 4, 2025 · Consent · Docket DOCKET NO. 2025-0191

    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).

    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.

48. Apr 9, 2025
    Regulatory Action: Arizona Department of Insurance and Financial Institutions FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $500 · Begun Apr 9, 2025 · Resolved Apr 9, 2025 · Consent · Docket 25A-006-INS

    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.

    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.

49. Feb 19, 2025
    Regulatory Action: The Arizona Corporation Commission FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Feb 19, 2025 · Consent · Docket S-21347A-25-0005

    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.

    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.

50. Feb 18, 2025
    Regulatory Action: Commonwealth of Virginia State Corporation Commission FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Feb 18, 2025 · Consent · Docket CASE NO. SEC-2024-00016

    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.

    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.

51. Jan 16, 2025
    Regulatory Action: State of Utah Department of Commerce Division of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Jan 16, 2025 · Consent · Docket DOCKET NO.: SD-23-0031

    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.

    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.

52. Jan 8, 2025
    Regulatory Action: State of New Jersey Bureau of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Jan 8, 2025 · Consent · Docket CRD #250

    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.

    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.

53. Jan 8, 2025
    Regulatory Action: State of Ohio Department of Commerce Division of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Jan 8, 2025 · Consent · Docket DIVISION ORDER NO.: 25-001

    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.

    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.

54. Jan 7, 2025
    Regulatory Action: The Florida Office of Financial Regulation FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Jan 7, 2025 · Consent · Docket 116856-S

    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.

    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.

55. Jan 2, 2025
    Regulatory Action: State of North Carolina Department of the Secretary of State Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,754 · Begun Aug 3, 2023 · Resolved Jan 2, 2025 · Consent · Docket FILE NO. 22SEC113

    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.

    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.

56. Dec 30, 2024
    Regulatory Action: District of Columbia Department of Insurance, Securities and Banking FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 30, 2024 · Consent · Docket ORDER NO: SB-CO-04-23

    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.

    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.

57. Dec 30, 2024
    Regulatory Action: Wisconsin Department of Financial Institutions, Division of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Dec 30, 2024 · Consent · Docket DFI CASE NO. S-248377 (LX)

    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.

    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.

58. Dec 27, 2024
    Regulatory Action: Kentucky Department of Financial Institutions FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 27, 2024 · Consent · Docket 2023-AH-0022

    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.

    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.

59. Dec 27, 2024
    Regulatory Action: State of Tennessee Commissioner of Commerce and Insurance FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 27, 2024 · Consent · Docket MATTER NO.: 23-01039

    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.

    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.

60. Dec 27, 2024
    Regulatory Action: The State of Minnesota, the Commissioner of Commerce FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 27, 2024 · Consent · Docket 82356

    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.

    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.

61. Dec 26, 2024
    Regulatory Action: State of Oregon Department of Consumer and Business Services Division of Financial Regulation FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 26, 2024 · Consent · Docket CASE NO. S-23-0046

    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.

    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.

62. Dec 24, 2024
    Regulatory Action: Commonwealth of Massachusetts, Office of the Secretary of the Commonwealth Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Dec 24, 2024 · Consent · Docket E-2018-0048

    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.

    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.

63. Dec 24, 2024
    Regulatory Action: State of New Hampshire Bureau of Securities Regulation FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 24, 2024 · Consent · Docket I-2023-000027

    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.

    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.

64. Dec 23, 2024
    Regulatory Action: The Arkansas Securities Commissioner FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Dec 23, 2024 · Consent · Docket CASE NO. S-23-0013/ ORDER NO. S-23-0013-23-OR01

    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.

    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.

65. Dec 23, 2024
    Regulatory Action: State of Wyoming, Compliance Division of the Wyoming Secretary of State FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 23, 2024 · Consent · Docket MATTER NO. 2023-02

    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.

    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.

66. Dec 20, 2024
    Regulatory Action: Michigan Department of Licensing and Regulatory Affairs, Corporations, Securities, and Commercial Licensing Bureau FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Dec 20, 2024 · Consent · Docket ENF-23-020101

    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.

    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.

67. Dec 20, 2024
    Regulatory Action: State of Nevada Office of the Secretary of State Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Dec 20, 2024 · Consent · Docket INV23-171

    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.

    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.

68. Dec 20, 2024
    Regulatory Action: The Alabama Securities Commission FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Dec 20, 2024 · Consent · Docket ADMINISTRATIVE ORDER NO. CA-2024-0032

    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.

    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.

69. Dec 20, 2024
    Regulatory Action: State of California - Department of Financial Protection and Innovation FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket CRD NO. 250

    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.

    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.

70. Dec 20, 2024
    Regulatory Action: The Colorado Securities Commission FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket 2023-CDS-019

    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.

    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.

71. Dec 20, 2024
    Regulatory Action: The Commissioner of Securities and Insurance, Office of the Montana State Auditor FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Dec 20, 2024 · Consent · Docket SEC-2023-00223

    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.

    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.

72. Dec 20, 2024
    Regulatory Action: Louisiana Office of Financial Institutions FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket OFI-2023-03

    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.

    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.

73. Dec 20, 2024
    Regulatory Action: State of New Mexico Regulation and Licensing Department Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket CASE NO. MS-23-7-10

    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.

    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.

74. Dec 20, 2024
    Regulatory Action: The Nebraska Department of Banking and Finance FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket CRD #250

    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.

    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.

75. Dec 20, 2024
    Regulatory Action: The Maine Office of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket NO. 2023-29

    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.

    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.

76. Dec 20, 2024
    Regulatory Action: Securities Commissioner of Maryland FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket SECURITIES DOCKET NO. 2023-0261

    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.

    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.

77. Dec 20, 2024
    Regulatory Action: Securities Division of the Washington State Department of Financial Institutions FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Dec 20, 2024 · Consent · Docket ORDER NO. S-19-2768-23-CO01

    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.

    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.

78. Dec 20, 2024
    Regulatory Action: Kansas Securities Commission FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket DOCKET NO. 24 E 016 / KSC NO. 2024-6907

    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.

    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.

79. Dec 20, 2024
    Regulatory Action: Attorney General of the State of New York Investor Protection Bureau FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket NO. 24-097

    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.

    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.

80. Dec 20, 2024
    Regulatory Action: State of North Dakota Securities Department FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket CRD #250

    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.

    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.

81. Dec 20, 2024
    Regulatory Action: Texas State Securities Board FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Dec 20, 2024 · Consent · Docket ORDER NO. IC-25-CAF-01

    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.

    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.

82. Dec 20, 2024
    Regulatory Action: U.S. Virgin Islands Division of Banking, Insurance, and Financial Regulation FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket DOCKET NO.: 2023-003

    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.

    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.

83. Dec 20, 2024
    Regulatory Action: State of Oklahoma Department of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket ODS FILE 24-001

    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.

    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.

84. Dec 20, 2024
    Regulatory Action: Office of the Mississippi Secretary of State Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket LS-23-6227

    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.

    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.

85. Dec 20, 2024
    Regulatory Action: Commonwealth of Pennsylvania Department of Banking and Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket DOCKET NO. 240047 (SEC-CAO)

    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.

    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.

86. Dec 20, 2024
    Regulatory Action: Commonwealth of Puerto Rico Office of the Commissioner of Financial Institutions FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket CRD #250

    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.

    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.

87. Dec 20, 2024
    Regulatory Action: State of Rhode Island Department of Business Regulation Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket DBR NO. 2023-SC-003

    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.

    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.

88. Dec 20, 2024
    Regulatory Action: The Indiana Office of the Secretary of State Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Dec 20, 2024 · Consent · Docket 23-0017 CA

    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.

    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.

89. Dec 20, 2024
    Regulatory Action: Securities Commissioner of South Carolina FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket MATTER NO. 20233326

    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.

    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.

90. Dec 20, 2024
    Regulatory Action: State of South Dakota Department of Labor and Regulation, Division of Insurance FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket CRD #250

    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.

    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.

91. Dec 20, 2024
    Regulatory Action: FINRA FinalSanctions: Censure; Restitution · Begun Dec 20, 2024 · Resolved Dec 20, 2024 · Acceptance, Waiver & Consent(AWC) · Docket 2021069467101

    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.

    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.

92. Dec 20, 2024
    Regulatory Action: The Alaska Department of Commerce, Community, an Economic Development Division of Banking and Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket 23-106-S

    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.

    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.

93. Dec 20, 2024
    Regulatory Action: State of Connecticut's Department of Banking Securities and Business Investments Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Resolved Dec 20, 2024 · Consent · Docket CO-23-11056-S

    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.

    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.

94. Dec 20, 2024
    Regulatory Action: State of Hawaii Department of Commerce and Consumer Affairs FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket SEB20230062

    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.

    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.

95. Dec 20, 2024
    Regulatory Action: The Department of Finance of the State of Idaho FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket 2023-7-06

    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.

    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.

96. Dec 20, 2024
    Regulatory Action: The Illinois Securities Department FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket FILE NO. 2300475

    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.

    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.

97. Dec 20, 2024
    Regulatory Action: State of West Virginia, West Virginia Securities Commission FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket MATTER NO. 23-0071

    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.

    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.

98. Dec 20, 2024
    Regulatory Action: The Georgia Commissioner of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket ENSC-241123

    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.

    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.

99. Dec 20, 2024
    Regulatory Action: The Delaware Investor Protection Unit FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket 23-0136

    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.

    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.

100. Dec 20, 2024
     Regulatory Action: State of Vermont Department of Financial Regulation FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket DOCKET NO. 23-016-S

     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.

     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.

101. Dec 20, 2024
     Regulatory Action: The Iowa Insurance Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun Aug 3, 2023 · Resolved Dec 20, 2024 · Consent · Docket CASE NO. 119293

     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.

     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.

102. Oct 10, 2024
     Regulatory Action: Indiana Department of Insurance FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $1,000 · Begun Oct 10, 2024 · Resolved Oct 10, 2024 · Consent · Docket 23211-AG24-0425-075

     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.

     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.

103. Aug 14, 2024
     Regulatory Action: SEC FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Cease and desist, censure and undertakings · Fine: $50.0M · Begun Aug 14, 2024 · Resolved Aug 14, 2024 · Decision & Order of Offer of Settlement · Docket FILE NO. 3-22001

     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.

     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.

104. Aug 13, 2024
     Regulatory Action: Minnesota Department of Commerce FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Cease and desist · Fine: $2,000 · Begun Aug 9, 2024 · Resolved Aug 13, 2024 · Consent · Docket FILE NO. 84787

     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.

     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.

105. Jan 12, 2024
     Regulatory Action: Pennsylvania Department of Banking and Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Agreement to comply with section 301(C.1)(1)(II) of the Pennsylvania Securities Act of 1972. · Fine: $300,000 · Begun Jan 12, 2024 · Resolved Jan 12, 2024 · Consent · Docket 240001 (SEC-CAO)

     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).

     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.

106. Dec 13, 2022
     Regulatory Action: FINRA FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Censure, undertaking · Fine: $1.1M · Begun Dec 13, 2022 · Resolved Dec 13, 2022 · Acceptance, Waiver & Consent(AWC) · Docket 2020066649301

     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.

     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.

107. Nov 14, 2022
     Regulatory Action: Washington State Department of Financial Institutions, Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $150,000 · Begun Nov 14, 2022 · Resolved Nov 14, 2022 · Consent · Docket ORDER NUMBER S-21-3243-22-CO01

     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.

108. Aug 5, 2021
     Regulatory Action: Nevada Office of the Secretary of State - Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Cease and desist · Fine: $50,000 · Begun Aug 5, 2021 · Resolved Aug 5, 2021 · Consent · Docket INV20-096

     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.

     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.

109. Dec 20, 2019
     Regulatory Action: South Dakota Division of Insurance, Department of Labor and Regulation FinalSanctions: Other; For sanctions, refer to item 12 below. · Begun Dec 20, 2019 · Resolved Dec 20, 2019 · Consent

     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.

110. Jun 19, 2019
     Regulatory Action: FINRA FinalSanctions: Other; N/a · Fine: $40,000 · Begun Jun 19, 2019 · Resolved Jun 19, 2019 · Acceptance, Waiver & Consent(AWC) · Docket 2018056422401

     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.

111. Sep 13, 2018
     Regulatory Action: Arkansas Securities Department FinalSanctions: Undertaking; Edward Jones should review current supervisory provisions and practices. Update agent's U-5. Pay fine in the amount of · Fine: $50,000 · Begun Mar 9, 2016 · Resolved Sep 13, 2018 · Consent · Docket S-16-0017

     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.

112. May 1, 2018
     Regulatory Action: The Enforcement Section of the Missouri Securities Division of the Office of Secretary of State FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $320,755 · Begun May 1, 2018 · Consent · Docket AP-23-18

     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.

     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.

113. Jul 13, 2017
     Regulatory Action: FINRA FinalFine: $725,000 · Begun Jul 13, 2017 · Resolved Jul 13, 2017 · Acceptance, Waiver & Consent(AWC) · Docket 2016049783001

     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.

114. Jun 2, 2017
     Regulatory Action: FINRA FinalFine: $210,000 · Begun Jun 2, 2017 · Resolved Jun 2, 2017 · Acceptance, Waiver & Consent(AWC) · Docket 2015046579901

     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.

115. Feb 1, 2017
     Regulatory Action: FINRA FinalSanctions: Other; N/a · Fine: $125,000 · Begun Feb 1, 2017 · Resolved Feb 1, 2017 · Acceptance, Waiver & Consent(AWC) · Docket 2016048760501

     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).

116. Aug 4, 2016
     Regulatory Action: Commonwealth of Pennsylvania, Department of Banking and Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $135,000 · Begun Aug 4, 2016 · Resolved Aug 4, 2016 · Order · Docket 160043 (SEC-CAO)

     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").

117. Jan 21, 2016
     Regulatory Action: FINRA FinalFine: $200,000 · Resolved Jan 21, 2016 · Acceptance, Waiver & Consent(AWC) · Docket 2015045548001

     FINRA alleged that Edward Jones violated certain municipal securities rulemaking board rules in connection with short positions in certain municipal securities.

118. Oct 26, 2015
     Regulatory Action: FINRA FinalBegun Oct 26, 2015 · Resolved Oct 26, 2015 · Acceptance, Waiver & Consent(AWC) · Docket 2015045354201

     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.

119. Sep 30, 2015
     Regulatory Action: SEC FinalSanctions: Cease and Desist · Fine: $100,000 · Begun Sep 30, 2015 · Resolved Sep 30, 2015 · Order · Docket 3-16867

     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.

120. Aug 13, 2015
     Regulatory Action: SEC FinalSanctions: Other; N/a · Fine: $15.0M · Begun Aug 13, 2015 · Resolved Aug 13, 2015 · Order · Docket 3-16751

     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.

     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.

121. Jun 4, 2015
     Regulatory Action: FINRA FinalFine: $10,000 · Begun Jun 4, 2015 · Resolved Jun 4, 2015 · Acceptance, Waiver & Consent(AWC) · Docket 2014041068801

     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.

122. Jan 23, 2015
     Regulatory Action: FINRA FinalSanctions: Other; N/a · Fine: $75,000 · Begun Jan 23, 2015 · Resolved Jan 23, 2015 · Acceptance, Waiver & Consent(AWC) · Docket 2013037060701

     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.

     See above.

123. Jan 15, 2015
     Regulatory Action: FINRA FinalSanctions: Other; N/a · Fine: $60,000 · Begun Jan 15, 2015 · Resolved Jan 15, 2015 · Acceptance, Waiver & Consent(AWC) · Docket 2012032011102

     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.

124. Oct 10, 2014
     Regulatory Action: FINRA FinalFine: $100,000 · Begun Oct 10, 2014 · Resolved Oct 10, 2014 · Acceptance, Waiver & Consent(AWC) · Docket 2012031611301

     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.

125. Jul 9, 2014
     Regulatory Action: FINRA FinalFine: $21,100 · Begun Jul 9, 2014 · Resolved Jul 9, 2014 · Acceptance, Waiver & Consent(AWC) · Docket 2011027686301

     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.

126. Feb 25, 2014
     Regulatory Action: State of New Hampshire, Department of State, Bureau of Securities Regulation FinalSanctions: Cease and Desist; Monetary fine - see question 12.c. · Fine: $750,000 · Begun Apr 11, 2013 · Resolved Feb 25, 2014 · Consent · Docket C-201200002

     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.

127. Jan 9, 2014
     Regulatory Action: FINRA FinalSanctions: Other; N/a · Fine: $200,000 · Begun Jan 9, 2014 · Resolved Jan 9, 2014 · Acceptance, Waiver & Consent(AWC) · Docket 2010022283702

     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.

128. Nov 20, 2013
     Regulatory Action: Nebraska Department of Banking & Finance FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $10,000 · Begun Jun 23, 2010 · Resolved Nov 20, 2013 · Consent

     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.

129. Jun 7, 2013
     Regulatory Action: FINRA FinalFine: $160,000 · Begun Jun 7, 2013 · Resolved Jun 7, 2013 · Acceptance, Waiver & Consent(AWC) · Docket 2009018103101

     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.

130. Dec 17, 2012
     Regulatory Action: FINRA FinalSanctions: Other; N/a · Fine: $35,000 · Begun Dec 17, 2012 · Resolved Dec 17, 2012 · Acceptance, Waiver & Consent(AWC) · Docket 2010025367601

     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.

131. Jul 2, 2012
     Regulatory Action: FINRA FinalSanctions: Censure; Fine · Fine: $95,000 · Begun Feb 8, 2010 · Resolved Jul 2, 2012 · Acceptance, Waiver & Consent(AWC) · Docket 2010021566902

     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.

132. Apr 10, 2012
     Regulatory Action: FINRA FinalSanctions: Censure; Fine; restitution · Fine: $55,000 · Begun Sep 21, 2007 · Resolved Apr 10, 2012 · Acceptance, Waiver & Consent(AWC) · Docket 2006005438901

     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.

133. Mar 1, 2011
     Regulatory Action: State of Indiana Office of the Secretary of State, Securities Division FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $10,000 · Begun Dec 22, 2010 · Resolved Mar 1, 2011 · Consent · Docket 10-0504 CA

     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.

134. Nov 9, 2010
     Regulatory Action: State of Montana FinalFine: $100,000 · Begun Mar 2, 2010 · Resolved Nov 9, 2010 · Consent · Docket SEC-2010-32

     The Montana securities department investigated the actions of a former financial advisor for allegedly misappropriating customer funds.

     This matter has been resolved as set forth above.

135. Oct 28, 2010
     Regulatory Action: Maine Office of Securities FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $10,000 · Resolved Oct 28, 2010 · Order · Docket 08-012

     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.

     This matter has been resolved as set forth above.

136. Jul 9, 2010
     Regulatory Action: Missouri Securities Division FinalSanctions: Other; Consent · Fine: $40,500 · Begun Jul 9, 2010 · Resolved Jul 9, 2010 · Consent · Docket AP-10-15

     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.

137. Jul 2, 2010
     Regulatory Action: Virginia - Division of Securities FinalSanctions: Restitution · Begun Mar 19, 2010 · Resolved Jul 2, 2010 · Settled · Docket SEC-2007-00021

     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.

138. Jun 2, 2010
     Regulatory Action: FINRA FinalSanctions: Other; N/a · Fine: $200,000 · Begun Aug 3, 2009 · Resolved Jun 2, 2010 · Acceptance, Waiver & Consent(AWC) · Docket 2007010537701

     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.

139. Apr 9, 2009
     Regulatory Action: FINRA FinalSanctions: Censure; Monetary fine. · Fine: $900,000 · Resolved Apr 9, 2009 · Acceptance, Waiver & Consent(AWC) · Docket 2006006509601

     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.

     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.

Actions about affiliates (2)

1. Aug 2, 2019
   Regulatory Action: Alabama Department of Insurance FinalAbout an affiliate: Green, Sonya, Hudmon; the full record is on the affiliate's own Form ADVSanctions: Suspension; Licensee provided evidence of her timely completion of the required continuing education and requested reinstatement of her · Begun Jul 11, 2019 · Resolved Aug 2, 2019 · Consent

   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.

   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.

2. Oct 25, 2016
   Regulatory Action: Investment Industry Regulatory Organization of Canada FinalAbout an affiliate: Edward Jones (Ontario,Sanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $250,000 · Begun Oct 25, 2016 · Settled · Docket 16-0260

   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.

   See above.

Disclosures filed elsewhere

The firm's Form ADV names these and the kind of action only; the details are on the named firm's own filing.

• 1 criminal disclosure about Jiang, Zhiwei
• 1 criminal disclosure about MacIsaac, Connor, Christian
• 1 criminal disclosure about Dotas, Kenton, D
• 1 criminal disclosure about Zhang, Yang
• 1 regulatory action disclosure about Pickering, Tricia, Rene'
• 1 regulatory action disclosure about Loeffler, Donna, Lund
• 1 regulatory action disclosure about Blanco, Richard, Enrique
• 1 regulatory action disclosure about Timmons, Gregory, Allen
• 1 regulatory action disclosure about Mondry, Scott, Wayne
• 1 regulatory action disclosure about Cowgill, James, Matthew
• 1 regulatory action disclosure about Wright-Ruppert, Carolyn, Kim
• 1 regulatory action disclosure about Valdez, Roy, Lee
• 1 regulatory action disclosure about Terry, John, M
• 1 regulatory action disclosure about Timm, Jonathan, E
• 1 regulatory action disclosure about Norris, Austin, Lee
• 1 regulatory action disclosure about Baloun, Mark, Steven
• 1 regulatory action disclosure about Cabrera, Adam, Lorenzo
• 1 regulatory action disclosure about Martin, Roland
• 1 regulatory action disclosure about Mitrik, Ryan, Alan
• 1 regulatory action disclosure about Panettiere, Brian, Todd
• 1 regulatory action disclosure about Staten, Ronnie, Gale
• 1 regulatory action disclosure about Charlson, Donald, Michael
• 1 regulatory action disclosure about Scott, Kelby, Quinn
• 1 regulatory action disclosure about Condon, David, Arthur
• 1 regulatory action disclosure about Gasiorowski, Nikolai
• 1 regulatory action disclosure about Ayoub, Alan
• 1 regulatory action disclosure about Leflet, Meredith, Margaret
• 1 regulatory action disclosure about Steele, Guy, William
• 1 regulatory action disclosure about Vickers, Gregory, Chad
• 1 regulatory action disclosure about Bjerke, Justin, Michael
• 1 regulatory action disclosure about Parker, John, Paul
• 1 regulatory action disclosure about O'Neal, Suzanne, Claire

Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.