Published On: September 10, 2015

The Securities and Exchange Commission (SEC) ordered Edward Jones to pay $20 million for overcharging retail customers in new municipal bond sales. The SEC claims the brokerage firm failed to sell new bonds to customers at the “initial offering price.” They, instead, put the bonds into their own inventory, then sold them to customers at a higher price. In all, the customers paid more than $4.6 over what they should have paid. The overcharges were through the offer and sale of about 156 bonds in 75 negotiated offerings in which Edwards Jones served as co-manager. If you invested money with Edward Jones, please call our securities law firm in Chicago at 312-332-4200 for a free consultation with an attorney. We sue firms such as Edward Jones in the Financial Industry Regulatory Authority (FINRA) forum for investment losses. They may be held liable for financial losses. There is no obligation and we take cases on a contingency fee basis only.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltman Law Securities and Investment Fraud Attorneys