U.S. Securities & Exchange Commission
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U.S. Securities and Exchange Commission

Edward D. Jones & Co.

If you received a check as part of the Edward Jones distribution, but failed to cash it in a timely manner, you can obtain a replacement check by contacting the Edward Jones Client Relations department at 1-866-788-4880.

On December 22, 2004, the SEC instituted settled administrative and cease-and-desist proceedings against Edward D. Jones & Co., L.P. The SEC issued an Order finding that Edward Jones violated the federal securities laws by failing to disclose its receipt of revenue sharing payments for distribution of shares of mutual funds and Section 529 college savings plans from seven “Preferred Mutual Fund Families.”

As part of the settlement, Edward Jones has paid $37.5 million in disgorgement and $37.5 million in a civil penalty for a total payment of $75 million. The distribution is for the benefit of customers who purchased mutual funds of the seven Preferred Mutual Fund Families through Edward Jones between January 1, 1999 and the date of the SEC’s Order. For more information on the SEC’s action, you can read In the Matter of Edward D. Jones & Co., L.P. at 33-8520 (Dec. 22, 2004).

Under the terms of the SEC’s Order, Edward Jones, through an independent distribution consultant, must submit a distribution plan to the SEC to distribute the total amount of the $75 million. On June 1, 2006, the SEC issued an order approving the proposed distribution plan and, on October 20, 2006, the SEC issued an order directing the distribution of funds. On April 26, 2007, the SEC announced it had distributed the $75 million paid by Edward Jones plus accumulated interest to investors.


Modified: 11/06/2007