Secretary of State Michael Watson Joins $17 Million Multi-State Enforcement Settlement with Edward Jones
JACKSON, Miss. – Mississippi Secretary Of State Michael Watson and the Secretary of State's Securities Division, a member of the North American Securities Administrators Association (NASAA), have joined a $17 million settlement with Edward D. Jones & Co., L.P. (Edward Jones) resulting from an investigation into the broker-dealer’s supervision of customers paying front-load commissions for Class A mutual fund shares in light of later moving brokerage assets into fee-based investment advisory accounts.