Regulatory Alerts2025-09-08
Administrative Consent Order Regarding Edward D. Jones & Co., L.P.
The Pennsylvania Department of Banking and Securities issued an Administrative Consent Order against Edward D. Jones & Co., L.P. for charging unreasonable commissions on small principal equity transactions and failing to reasonably supervise them. The firm agreed to pay $100,000 in administrative fines and provide restitution of at least $241,040.51 to affected Pennsylvania customers. Additionally, Edward Jones was censured and required to enhance its compliance policies to ensure commissions do not exceed five percent of the principal trade amount.
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