Delaware DOJ joins $17M settlement with Edward Jones

Staff WriterBusiness, Government, News Briefs

The Investor Protection Unit (IPU) of the Delaware Department of Justice has joined a $17 million settlement with Edward D. Jones & Co., L.P. (“Edward Jones”) resulting from a multistate investigation into the broker-dealer’s supervisory failures.  Customers paid front-loaded commissions for certain mutual fund shares despite later moving brokerage assets into fee-based investment advisory accounts. “We expect investment firms operating …