Pennsylvania Department of Banking and Securities Consent Agreement with Edward D. Jones & Co., LP

FILED 2024 JAN 16 PM 4:19 PA DEPARTMENT OF COMMONWEALTH OF PENNSYLVANIA BANKING AND SECURITIES DEPARTMENT OF BANKING AND SECURITIES COMMONWEAL TH OF PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES, BUREAU OF SECURITIES COMPLIANCE AND EXAMINATIONS v. EDWARD D. JONES & CO., LP DOCKET No. 240001 (SEC-CAO) CONSENT AGREEMENT AND ORDER The Commonwealth of Pennsylvania, acting through the Depaiiment of Banking and Securities ("Depaiiment"), Bureau of Securities Compliance and Examinations ("Bureau"), has conducted an investigation of the business practices of Edward D. Jones & Co., LP ("Edward Jones") and its officers and employees. Based on the results of its investigation, the Bureau has concluded that Edwai·d Jones has operated in violation of the Pennsylvania Securities Act of 1972, 70 P.S. § 1-101 et seq. ("1972 Act"). Edwai·d Jones, in lieu of litigation, and without admitting or denying the allegations herein, and intending to be legally bound, hereby agrees to the tenns of this Consent Agreement and Order ("Order"). BACKGROUND

1. The Depaiiment is the Commonwealth of Pennsylvania's administrative agency authorized and empowered to administer and enforce the 1972 Act.
2. The Bureau is primarily responsible for administering and enforcing the 1972 Act for the Depaiiment.
3. Edwai·d Jones (CRD #250) is a Missouri limited pa11nership with an address of 12555 Manchester Road, St. Louis, Missouri 63131 . 1

2 4. From October 1963 through the present, Edward Jones has been registered as an investment adviser with the United States Securities and Exchange Commission (“SEC”) under Section 203(c) of the Investment Advisers Act of 1940 and is a “federally covered adviser” as defined under Section 102(f.1) of the 1972 Act, 70 P.S. § 1-102(f.1). 5. From February 21, 1990 through the present, Edward Jones has been Notice Filed in Pennsylvania as an investment adviser pursuant to Section 301(f) of the 1972 Act, 70 P.S. § 1- 301(f). 6. 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. VIOLATION 7. By engaging in the acts and conduct set forth in paragraphs 4 through 6 above, Edward Jones employed at least one unregistered investment adviser in violation of Section 301(c.1)(1)(ii) of the 1972 Act, 70 P.S. § 1-301(c.1)(1)(ii). RELIEF 8. Within 30 days of the Effective Date of this Order, as defined in paragraph 16, Edward Jones shall pay the Department an administrative assessment in the amount of $300,000.00. Payment shall be made by certified check or money order made payable to the “Department of Banking and Securities” and shall be mailed or delivered in person to the Bureau of Securities Compliance and Examinations located at 17 North Second Street, Suite 1300, Harrisburg, Pennsylvania 17101. 9. Edward Jones is ORDERED to comply with Section 301(c.1)(1)(ii) of the 1972 Act, 70 P.S. § 1-301(c.1)(1)(ii).

3 10. Should Edward Jones fail to pay the assessment as set forth in paragraph 8 and above, the sanctions set forth elsewhere in the Order shall continue in full force and effect until full payment is made. However, this provision shall not be construed as affording Edward Jones the option of either paying the assessment or being indefinitely subject to the sanctions. 11. Should Edward Jones fail to comply with any and/or all provisions of this Order, the Department may impose additional sanctions and costs and seek other appropriate relief subject to Edward Jones’ right to a hearing pursuant to the 1972 Act. FURTHER PROVISIONS 12. Consent. Edward Jones hereby knowingly, willingly, voluntarily and irrevocably consents to the entry of this Order pursuant to the Bureau’s authority under the 1972 Act and agrees that it understands all of the terms and conditions contained herein. Edward Jones, by voluntarily entering into this Order, waives any right to a hearing or appeal concerning the terms, conditions, and/or penalties set forth in this Order. 13. Entire Agreement. This Order contains the entire agreement between the Department and Edward Jones. There are no other terms, obligations, covenants, representations, statements, conditions, or otherwise, of any kind whatsoever concerning this Order. However, this Order may be amended in writing by mutual agreement of the Department and Edward Jones. 14. Binding Nature. The Department, Edward Jones, and all officers, owners, directors, employees, heirs and assigns of Edward Jones intend to be and are legally bound by the terms of this Order. 15. Counsel. This Order is entered into by the parties upon full opportunity for legal advice from legal counsel.

4 16. Effectiveness. Edward Jones hereby stipulates and agrees that the Order shall become effective on the date the Bureau executes the Order (“Effective Date”). 17. Other Enforcement Action. (a) The Department reserves all of its rights, duties, and authority to enforce all statutes, rules, and regulations under its jurisdiction against Edward Jones in the future regarding all matters not resolved by this Order. (b) Edward Jones acknowledges and agrees that this Order is only binding upon the Department and not any other local, state or federal agency, department, or office regarding matters within this Order. 18. Authorization. The parties below are authorized to execute this Order and legally bind their respective parties. 19. Counterparts. This Order may be executed in separate counterparts, by facsimile and/or by PDF. 20. Titles. The titles used to identify the paragraphs of this document are for the convenience of reference only and do not control the interpretation of this document. 21. Finding. The Department finds that it is necessary and appropriate in the public interest and for the protection of investors, and consistent with the purposes fairly intended by the policy and provisions of the 1972 Act to issue this Order. WHEREFORE, in consideration of the foregoing, including the recital paragraphs, the Commonwealth of Pennsylvania, Department of Banking and Securities, Bureau of Securities Compliance and Examination and Edward D. Jones & Co., LP, intending to be legally bound, do hereby execute this Consent Agreement and Order.

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