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Edward Jones Freezes $3M Account Under Senior Fraud Rule
News August 04, 2026 at 02:19 PM
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What You Need To Know
- Larry Williams, an 86-year-old former IBM salesman, said he wanted the money to pay bills and help family members.
- The Edward Jones advisory team told Williams that it was using its authority under FINRA Rule 2165 to place a temporary hold on his account.
- Under a proposed FINRA plan, firms would be able to freeze accounts for up to 145 business days.
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