The lawsuit continues a barrage of litigation filed in recent weeks related to fiduciary breaches in retirement plans.
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Texting is the next wave of popular communication for advisers and clients, and companies are waving off compliance fears. Next month, Edward Jones will launch a program to encourage advisers to text their clients.
With regulators cracking heads over sales of proprietary products, could the overwhelming success of Edward Jones' Bridge Builder program be a problem?
Breakfast with Benjamin : A former Edward Jones adviser is sentenced to five years in the slammer for bilking a disabled woman out of more than $100,000.
Edward Jones uses "questionable telemarketing" tactics to recruit customers, according to New Hampshire regulators.
The privately owned broker-dealer aims to expand 5% a year and hit 20,000 advisors nationwide by 2020, Mark Eberlin of Edward Jones says.
As selling stocks gets tougher, the number of brokers has dropped 12 percent since 2008 to about 363,000 last year. Edward Jones is finding success by sticking to its old ways.
Edward Jones's James Weddle and Robert Keenan of St. Bernard Financial Services Inc. were elected to the Financial Industry Regulatory Authority's Board of Governors at its annual meeting.