Regulatory Alerts2024-01-16
Pennsylvania Department of Banking and Securities Consent Agreement with Edward D. Jones & Co., LP
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Edward D. Jones & Co., LP for violating the Pennsylvania Securities Act of 1972 by employing at least one unregistered investment adviser representative. The firm agreed to pay a $300,000 administrative assessment within 30 days and to comply with registration requirements without admitting or denying the allegations. This settlement resolves the Bureau's investigation into the firm's business practices while reserving the Department's right to pursue further enforcement actions.
Share