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Edward Jones to Pay $17M Over Front-Load Commissions
News January 08, 2025 at 05:55 PM
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What You Need To Know
- The four-year investigation looked at customers moving from brokerage to advisory accounts.
- The firm charged front-load commissions for investments in Class A shares where the customer sold or moved the shares sooner than anticipated.
- The states found gaps in Edward Jones’ supervisory procedures.
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