X0405TA-1/A0000810417XXXXXXXX084-01496trueLIVESECEDWARD D JONES & CO LP /TA00057012555 Manchester RoadSt. LouisMO63131N314-515-2000Y8640 S. River ParkwayTempeAZ85284NNNPartnershipEDJ Holding Company, Inc.08/28/1987General PartnerNAtrueThe Jones Financial Companies, L.L.L.P.08/28/1987Limited PartnerEtrueYPenelope PenningtonChief Executive OfficerAndrew Timothy MiedlerChief Financial OfficerKenneth Ray Cella JrHead of External Affairs and Community EngagementLisa Marie DolanHead of Branch Operations and Shared ServicesTina Marie HrevusChief of Staff to the Managing PartnerKristin Michele JohnsonChief Transformation OfficerFrancis Thomas LaQuintaHead of Digital, Data and OperationsTimothy Andrew ReaChief Experience, Brand and Marketing OfficerWayne Allen RobertsHead of New Market OpportunitiesDavid Barry ChubakHead of U.S. Business UnitDavid Alexander GunnPresident of Edward Jones (an Ontario Limited Partnership)Lena HaasHead of Wealth Management Advice and SolutionsSuzan Leigh McDanielChief Human Resources OfficerHasan A MalikChief Strategy OfficerKeir Devon GumbsGeneral CounselTodd Judson PurdyHead of OperationsJennifer A GregoChief Compliance OfficerNNNNNYEdward D. Jones & Co., L.P.SEC Admin Proceedings File No. 3-1178012/22/2004U.S. Securities and Exchange Commission (SEC)The SEC alleged Edward Jones (a) failed to disclose its financial incentives to sell mutual funds from the preferred families on its website and other written documentation, and orally to clients, (b) failed to disclose on its website or any other written documentation any incentives to sell 529 Plans, and (c) willfully violated Section 17(A)(2) of the Securities Act, Rules 10B-10 under the Exchange Act, Section 15B(C)(1) of the Exchange Act, and contravened the dictates of MSRB Rule G-15. The SEC deemed it appropriate to (a) censure Edward Jones, (b) order Edward Jones to cease and desist from committing any violations of Section 17(A)(2) of the Securities Act, Section 15B(C)(1) of the Exchange Act, Rules 10B-10 and MSRB Rule G-15, and (c) order Edward Jones to pay a total of $37.5 million for disgorgement plus prejudgment interest and a $37.5 million as a civil monetary penalty, for a total of $75 million. The SEC further ordered Edward Jones to (i) place and maintain on its mutual fund portion of its public website specific disclosures regarding its preferred mutual fund family program ("Program"), (ii) place and maintain specific disclosures regarding 529 Plans of its Program on its public website, (iii) send information about these disclosure to its new clients for its mutual fund and 529 transaction and then to its clients on a quarterly basis, (iv) establish policies and procedures to conduct reviews of all prospectuses and SAIS, (v) place on its public website Edward Jones' policies and procedures regarding the adding or removing of mutual fund families from its preferred list, (vi) retain an independent consultant ("IC") to review these policies and procedures and its distribution plan, (vii) have the IC submit a report to the SEC's staff about its review of Edward Jones' policies and procedures and distribution plan, (viii) report to the SEC's staff about the recommendations that it will adopt, and (ix) have the IC submit a final report to Edward Jones and the SEC staff.Monetary/Fine $37,500,000; Censure; Disgorgement/Restitution; and Cease & Desist/Injunction.Edward D. Jones & Co., L.P.SEC Admin Proceedings File No. 85-307509/01/1984SECThe SEC alleged that applicant violated the Securities Act of 1933 in an underwriting pursuant to a shelf registration of debentures of D.H. Baldwin Co., in 1982, by continuing to sell the securities pursuant to a false and misleading registration statement after adverse information appeared in the press about the issuer. A final judgment of permanent injunction enjoining and restraining applicant from violating Section 17(A)(1) & (3) of the Securities Act was entered. Applicant consented to the entry of the judgment without admitting or denying the allegations. Judgment requires applicant to create a "Due Diligence Review Committee" to review and supervise its due diligence review procedures. Although applicant was not charged with any knowledge of or active deceit in connection with any alleged deficiencies in the registration statement, the SEC alleged that the applicant recklessly failed to verify statements contained therein after the appearance of the news articles.Cease & Desist/Injunction.Edward D. Jones & Co., L.P.In the Matter of Edward D. Jones & Co., L.P. (Case No. 3-16751)08/13/2015SECOrder Instituting Administrative and Cease-And-Desist Proceedings Pursuant to Section 8a Of the Securities Act of 1933 And Sections 15(B), 15b(C), And 21c Of the Securities Exchange Act of 1934, Making Findings, And Imposing Remedial Sanctions and A Cease And-Desist Order. RESPONSE: The SEC determined that Edward Jones failed to make bona fide public offerings to its customers at initial offering prices and failed to have internal controls to prevent certain improper trading practices in the secondary market for municipal securities. As a result, Edward Jones willfully violated Sections 17(a)(2) and (3) of the Securities Act, Section 15B(c)(1) of the Exchange Act, and Rules G-17, G-11(b) and (d), G-27, and G-30(a) of the Municipal Securities Rulemaking Board ("MSRB"), and failed reasonably to supervise within the meaning of Section 15(b)(4)(E) of the Exchange Act.Edward Jones settled the matter, agreeing to censure; a civil penalty of $15,000,000; pay disgorgement of $4,524,332.60 and prejudgment interest of $670,068.77; and cease and desist from committing or causing any future violations.Edward D. Jones & Co., L.P.In the Matter of Edward D. Jones & Co., L.P. (Case No. 3-16867)09/30/2015SECOrder Instituting Administrative and Cease-And-Desist Proceedings Pursuant to Section 8a of the Securities Act and Section 15(B) of the Securities Exchange Act, Making Findings, And Imposing Remedial Sanctions and A Cease-And-Desist Order. This is a matter involving violations of an antifraud provision of the federal securities laws in connection with Respondent's underwriting of certain municipal securities offerings. The SEC found that the Firm conducted inadequate due diligence in certain offerings and as a result, failed to form a reasonable basis for believing the truthfulness of certain material representations in official statements issued in connection with those offerings, resulting in Respondent offering and selling municipal securities on the basis of materially misleading disclosure documents in violation of Section 17(a)(2) of the Securities Act. The violations discussed in the Order were self-reported by Respondent to the SEC pursuant to the Division of Enforcement's Municipalities Continuing Disclosure Cooperation Initiative. In reaching a settlement, the SEC considered the cooperation of the Firm in self-reporting the violations.In a consent order, Edward Jones agreed to implement an Independent Consultant's recommendations on policies and procedures for municipal securities underwriting due diligence, cease and desist from further violations and pay a civil penalty of $100,000.YEdward D. Jones & Co., L.P.SEC Admin Proceedings File No. 3-1178012/22/2004SECSee item 10(c)(1) above.See item 10(c)(1) above.Edward D. Jones & Co., L.P.SEC Admin Proceedings File No. 85-307509/01/1984SECSee item 10(c)(1) above.See item 10(c)(1) above.Edward D. Jones & Co., L.P.SEC Admin Proceedings File No. 3-918111/06/1996SECThe SEC alleged that applicant violated Section 22 of the Investment Company Act of 1940 for improperly permitting the charge of commissions on the repurchases of certain unit investment trusts. Applicant executed an offer of settlement with an agreement to cease and desist from future violations of Rule C-1, a censure and payment of a $50,000 civil penalty.Monetary/Fine $50,000; Censure; and Cease & Desist/Injunction.Edward D. Jones & Co., L.P.In the Matter of Edward D. Jones & Co., L.P. (Case No. 3-16751)08/13/2015SECOrder Instituting Administrative and Cease-And-Desist Proceedings Pursuant to Section 8a Of the Securities Act of 1933 And Sections 15(B), 15b(C), And 21c Of the Securities Exchange Act of 1934, Making Findings, And Imposing Remedial Sanctions and A Cease And-Desist Order. RESPONSE: The SEC determined that Edward Jones failed to make bona fide public offerings to its customers at initial offering prices and failed to have internal controls to prevent certain improper trading practices in the secondary market for municipal securities. As a result, Edward Jones willfully violated Sections 17(a)(2) and (3) of the Securities Act, Section 15B(c)(1) of the Exchange Act, and Rules G-17, G-11(b) and (d), G-27, and G-30(a) of the Municipal Securities Rulemaking Board ("MSRB"), and failed reasonably to supervise within the meaning of Section 15(b)(4)(E) of the Exchange Act.Edward Jones settled the matter, agreeing to censure; a civil penalty of $15,000,000; pay disgorgement of $4,524,332.60 and prejudgment interest of $670,068.77; and cease and desist from committing or causing any future violations.Edward D. Jones & Co., L.P.In the Matter of Edward D. Jones & Co., L.P. (Case No. 3-16867)09/30/2015SECOrder Instituting Administrative and Cease-And-Desist Proceedings Pursuant to Section 8a of the Securities Act and Section 15(B) of the Securities Exchange Act, Making Findings, And Imposing Remedial Sanctions and A Cease-And-Desist Order. This is a matter involving violations of an antifraud provision of the federal securities laws in connection with Respondent's underwriting of certain municipal securities offerings. The SEC found that the Firm conducted inadequate due diligence in certain offerings and as a result, failed to form a reasonable basis for believing the truthfulness of certain material representations in official statements issued in connection with those offerings, resulting in Respondent offering and selling municipal securities on the basis of materially misleading disclosure documents in violation of Section 17(a)(2) of the Securities Act. The violations discussed in the Order were self-reported by Respondent to the SEC pursuant to the Division of Enforcement's Municipalities Continuing Disclosure Cooperation Initiative. In reaching a settlement, the SEC considered the cooperation of the Firm in self-reporting the violations.In a consent order, Edward Jones agreed to implement an Independent Consultant's recommendations on policies and procedures for municipal securities underwriting due diligence, cease and desist from further violations and pay a civil penalty of $100,000.Edward D. Jones & Co., L.P.File No. 3-2200108/14/2024SECOn August 14, 2024, Edward Jones entered into a settlement with the SEC in connection with the SEC's industry-wide investigation into the preservation of electronic communications. The SEC alleged Edward Jones violated recordkeeping provisions of Section 17(a) of the Securities Exchange Act of 1934 ("Exchange Act") and Section 204 of the Investment Advisers Act of 1940 ("Advisers Act") and supervisory provisions of Section 15(b)(4)(E) of the Exchange Act and Section 203(e)(6) of the Advisers Act, and applicable rules thereunder, in connection with retention of electronic communications stored on personal devices or messaging platforms that have not been approved by Edward Jones for business use by its employees. Prior to the settlement, Edward Jones fully cooperated with the SEC's investigation and enhanced its policies and procedures concerning the use of approved communication methods.The settlement imposes a cease-and-desist order and censure, requires Edward Jones to pay a civil monetary penalty of $50 million, and requires Edward Jones to comply with undertakings including retention of an independent compliance consultant to assess the firm's policies and systems regarding electronic communications recordkeeping and assist Edward Jones in further enhancing those policies and systems.NYEdward D. Jones & Co., L.P.SEC Admin Proceedings File No. 3-1178012/22/2004SECSee item 10(c)(1) above.See item 10(c)(1) above.YEdward D. Jones & Co., L.P.Case File No. AP-05-3112/23/2004State of Missouri Securities DivisionTHE PARTIES ENTERED INTO A CONSENT ORDER TO SETTLE THIS MATTER. THE MISSOURI SECURITIES DIVISION ALLEGED THAT EDWARD JONES FAILED TO ADEQUATELY DISCLOSE TO INVESTORS INFORMATION ABOUT ITS REVENUE SHARING ARRANGEMENTS INVOLVING CERTAIN MUTUAL FUND COMPANIES. EDWARD JONES CONSENTED TO THE ENTRY OF AN ORDER, NECESSARY FOR THE PROTECTION OF PUBLIC INVESTORS AND CONSISTENT WITH THE PROVISIONS OF CHAPTER 409 RSMO SUPP. 2004, WHICH PROVIDED THAT;(1)EDWARD JONES SHALL MAKE AVAILABLE UPON REQUEST BY THE DIVISION ALL INFORMATION AND REPORTS SUBMITTED TO THE SELF-REGULATORY AND LAW ENFORCEMENT AUTHORITIES PERTAINING TO ITS POLICIES AND PROCEDURES REGARDING REVENUE SHARING;(2)EDWARD JONES SHALL MAKE AVAILABLE UPON REQUEST BY THE SECURITIES DIVISION INFORMATION REGARDING THE IMPLEMENTATION OF ITS MUTUAL FUND RESEARCH PROGRAM; AND (3)EDWARD JONES WAS ORDERED TO PAY A CIVIL PENALTY OF $650,000.00 MADE PAYABLE TO THE STATE OF MISSOURI, AND IT WAS ORDERED TO PAY $850,000.00 TO EDUCATION FUNDS. EDWARD JONES WILL PAY ITS OWN COSTS AND ATTORNEYS FEES.Monetary/Fine $1,500,000.YEdward D. Jones & Co., L.P.Case File No. 05-053-CAG10/01/2004State of Maine Office of SecuritiesTHE OFFICE OF SECURITIES ALLEGED THAT EDWARD JONES VIOLATED THE REVISED MAINE SECURITIES ACT SECTIONS 10201 AND 10313(1)(G), 32M.R.S.A. PARAGRAPH 10101-10713, WHEN IT FAILED TO DISCLOSE TO ITS MAINE CLIENTS THAT IT RECEIVED REVENUE SHARING PAYMENTS FROM THE SALE OF PREFERRED MUTUAL FUNDS. EDWARD JONES NEITHER ADMITTED NOR DENIED THAT IT VIOLATED THE REVISED MAINE SECURITIES ACT, SECTIONS 10201, 10313(1)(G). EDWARD JONES ENTERED INTO A CONSENT AGREEMENT FOR THE SOLE PURPOSE OF RESOLVING THIS MATTER.Monetary/Fine $250,000.Edward D. Jones & Co., L.P.Case/Docket File No. 06E01804/26/2000Office of Securities Commissioner for the State of KansasTHE STATE OF KANSAS ALLEGED THAT EDWARD JONES FAILED TO SUPERVISE A FINANCIAL ADVISOR IN THE DISBURSEMENT OF CLIENT FUNDS FROM AN IRA ACCOUNT. EDWARD JONES NEITHER ADMITS NOR DENIES THE ALLEGATIONS BUT AGREES TO PAY RESTITUTION TO THE CLIENT OF $7,500.00. EDWARD JONES ALSO AGREES TO MAKE A PAYMENT TO THE INVESTOR EDUCATION FUND PURSUANT TO K.S.A. 17-1271(D) AND L. 2004, CH. 154, 40(D), THE AMOUNT OF $2,500.00Monetary/Fine $10,000.Edward D. Jones & Co., L.P.Case File No. AP-05-3112/23/2004State of Missouri Securities DivisionSee item 10(d)(1) above.See item 10(d)(1) above.Edward D. Jones & Co., L.P.File No. C00-06-54006/23/2000State of Iowa Insurance CommissionerTHE STATE OF IOWA ALLEGED THAT EDWARD JONES FAILED TO REASONABLY SUPERVISE A FINANCIAL ADVISOR WHO WAS INVOLVED IN AN UNAUTHORIZED SALE OF UNREGISTERED STOCK IN TWO COMPANIES. THE STATE ISSUED AN ORDER TO CEASE AND DESIST AND PAY A CIVIL PENALTY AND COSTS OF $9,500.Monetary/Fine $9,500; and Cease & Desist/Injunction.Edward D. Jones & Co., L.P.Alaska Order No. 03-04 S09/24/2002State of Alaska, Division of Banking, Securities and CorporationsTHE STATE OF ALASKA ALLEGED THAT EDWARD D. JONES FAILED TO PROPERLY CLASSIFY AND MAINTAIN A RECORD OF SPECIFIED CORRESPONDENCE AS A COMPLAINT. THE APPLICANT AGREED TO TAKE THE CORRECTIVE ACTIONS AS REQUIRED BY THE STATE OF ALASKA IN CONNECTION WITH THIS CONSENT ORDER.Monetary/Fine $11,000.Edward D. Jones & Co., L.P.Case No. SEU-98-07912/17/2002State of Hawaii - Department of Commerce and Consumers AffairsTHE STATE OF HAWAII ALLEGED THAT EDWARD JONES AND AN EDWARD JONES FINANCIAL ADVISOR EFFECTED THREE TRANSACTIONS WITHOUT THE PROPER REGISTRATION PURSUANT TO SECTION 485- 14 OF THE ACT. UNDER CONSENT ORDER AGREED TO BY THE FIRM, THE FIRM WAS ASSESSED $3,000 CIVIL PENALTY FOR THE UNREGISTERED ACTIVITY OF A FINANCIAL ADVISOR.Monetary/Fine $3,000.Edward D. Jones & Co., L.P.Case No. 2000-99-03802/04/2000Securities Division of the New Mexico Secretary of StateTHE STATE OF NEW MEXICO ALLEGED THE APPLICANT VIOLATED CERTAIN LICENSING PROVISIONS OF THE NEW MEXICO SECURITIES ACT OF 1986. WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, EDWARD JONES AGREED TO PAY A $5,000 CIVIL PENALTY FINE AND $500 IN INVESTIGATION COSTS.Monetary/Fine $8,000.Edward D. Jones & Co., L.P.Case No. 05-101-S03/27/2003State of Vermont Securities DivisionTHE STATE OF VERMONT ALLEGED EDWARD JONES DID NOT ADEQUATELY SUPERVISE A FINANCIAL ADVISOR IN THE DISBURSEMENT OF FUNDS IN A CLIENT'S IRA ACCOUNT. WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, EDWARD JONES AGREED TO PAY INTO AN EDWARD JONES MONEY MARKET IRA FOR THE CLIENT, THE DISTRIBUTION AMOUNT OF $3,781.97 PLUS THE ESTIMATED TAX PENALTY OF $1,718.03 FOR A TOTAL OF $5,500.00, REVISE SUPERVISORY POLICIES AND UPDATE FORM U-4 TO INCLUDE THE DIVISION'S LETTER OF ADMONITION TO THE FINANCIAL ADVISOR.Monetary/Fine $5,500.Edward D. Jones & Co., L.P.Case No. 91-0004CD11/07/1991Secretary of State, Indiana Securities DivisionTHE STATE OF INDIANA ALLEGED EDWARD JONES MADE MISREPRESENTATIONS REGARDING COMPLAINTS RECEIVED FROM CLIENTS OF ITS MARION, INDIANA BRANCH OFFICE CONCERNING SALES PRESENTATIONS FOR MUTUAL FUNDS REGARDING THE RISK OF LOSS. APPLICANT ENTERED INTO A CONSENT AGREEMENT WITH INDIANA. WITHOUT ADMITTING OR DENYING THE COMPLAINT ALLEGATIONS OR THAT VIOLATIONS OF THE INDIANA SECURITIES ACT OCCURRED, APPLICANT AGREED TO CONDUCT A COMPLIANCE SEMINAR FOR INDIANA BROKERS; TO DISCLOSE TO THE INDIANA SECURITIES DIVISION ANY INDIANA INVESTOR COMPLAINTS; TO OFFER TO SETTLE WITH COMPLAINING CLIENTS UP TO 72% OF THEIR PRINCIPAL LOSSES; AND TO REIMBURSE THE DIVISION FOR ITS UNSPECIFIED COSTS OF INVESTIGATIONS.Consent agreement.Edward D. Jones & Co., L.P.In the Matter of Edward D. Jones & Co., L.P., Case No. S-16-001709/13/2018Arkansas Securities DepartmentConsent Order The Arkansas Securities Department found that Edward Jones failed to establish, maintain and enforce a system to adequately supervise the activities of a financial advisor who violated firm-imposed trading restrictions and firm policies. The Department also found that Edward Jones failed to properly disclose a complaint and settlement involving the financial advisor, as well as the fact that the financial advisor was under internal review at the time of his termination.Edward Jones entered into the AWC agreeing to pay a fine of $50,000, conduct a review of its supervisory practices and to update the financial advisor's Form U5.Edward JonesEdward Jones, Case No. 10-0504 CA03/01/2011Indiana Secretary of State, Securities DivisionConsent Order Indiana Secretary of State, Securities Division, alleged that the Firm failed to supervise a single financial advisor who changed the primary account holder and social security number on an account by submitting paperwork without complete signatures.Without admitting or denying the allegations, Edward Jones entered into a Consent Agreement, agreeing to pay the Indiana Secretary of State, Securities Division $10,000.00.Edward JonesIn the Matter of Edward Jones, Case No. C-20120000202/25/2014New Hampshire Department of State, Bureau of Securities RegulationThe New Hampshire Department of State, Bureau of Securities Regulation alleged that the Firm violated N.H. RSA 421-B:8, X relating to telephone solicitation calls. Without admitting or denying the allegations, Edward Jones entered into a Consent Agreement and Order, agreeing to implement procedural changes in the areas of training, compliance and supervision of financial advisors telephone solicitation activity and report on compliance with the consent Order at 6 months and one year from the date of the Order.Edward Jones entered in to a Consent agreement and agreed to pay an Administrative fine of $400,000, $170,000 in costs and make a $175,000 contribution to NH Investor Education.Edward D. Jones & Co., L.P.Pennsylvania Department of Banking and Securities, Case No. 160043 (SEC-CAO)08/04/2016Commonwealth of Pennsylvania Department of Banking and SecuritiesConsent Agreement and Order The Pennsylvania Department of Banking and Securities alleged that the Firm failed to supervise an agent in violation of the Pennsylvania Securities Act of 1972.Without admitting or denying the allegations, Edward Jones entered into a Consent Agreement and Order, agreeing to comply with the Pennsylvania Securities Act and pay an Administrative Assessment of $135,000,000 & $10,000.00 for the costs of investigationEdward D. Jones & Co., L.P.SEC-2010-3203/02/2010State of MontanaThe Montana Securities Department investigated the actions of a former financial advisor for allegedly misappropriating customer funds. Edward Jones terminated the financial advisor and reported the matter to the Montana Securities Department. Edward Jones and the Montana Securities Department have entered into a Consent Agreement which includes Edward Jones paying a $100,000 fine for a books and records violation, paying six customers a total of $349,464.92 in restitution, storing exact duplicates of certain types of identified negative confirmation letters, and undertaking a review of its written supervisory procedures with respect to the execution of blank letters of authorization.Monetary/Fine $100,000; Restitution.Edward D. Jones & Co., L.P.File No. 85-8911/21/1985Secretary of State, Illinois Securities DepartmentThe state of Illinois alleged Edward Jones made untrue statements in violation of Illinois securities law of 1953, commission of fraud, inequitable business practice, and omission to state material facts regarding the sale of D.H. Baldwin debentures. the state filed notice of hearing to determine whether to revoke or suspend the state of Illinois registrations of Edward Jones and nine financial advisors. without admitting or denying any of the allegations, applicant entered into a stipulation & consent to enter an order with the state in which it agreed to review the office procedures of 12 Illinois offices every 6 months for a one year period; submit a form u-4 report for each of the 12 financial advisors whose offices have additional audit procedures; provide the state with a report from an independent counsel on its due diligence procedures; pay the state $10,000; and submit to arbitration with 22 D.H. Baldwin holders listed on an exhibit attached to the consent. in return, the state agreed to dismiss with prejudice the to applicant and seven financial advisors from any further action.Monetary/Fine $10,000.Edward D. Jones & Co., L.P.File No. SEU-98-01409/18/1998State of Hawaii Securities CommissionerThe state of Hawaii filed a preliminary cease and desist order alleging that an Edward Jones financial advisor violated various provisions of Hawaii revised statutes, including wrongfully obtaining funds. applicant was charged with failure to supervise. applicant agreed pay client's principal loss of $43,000 and reimbursement to the state for administrative costs of $12,500.Monetary/Fine $55,500.Edward D. Jones & Co., L.P.File No. 93-058-S11/17/1993State of Vermont Securities DivisionThe state of Vermont alleged that Edward Jones transacted business through an unregistered branch office and failed to provide notification relative to branch office changes. the applicant entered into a consent order wherein it neither admitted nor denied the division's allegations. applicant agreed to a fine of $3,500 and costs of $500.Monetary/Fine $3,500.Edward D. Jones & Co., L.P.File No. 88-14212/14/1988Secretary of State, Illinois Securities DepartmentThe state issued notice of hearing wherein it alleged that certain activities or business and sales practices conducted by defendants involving the sale of limited partnership interests issued by natural resource management provided sufficient grounds to require a public hearing. the applicant entered into a settlement agreement with Illinois. without admitting or denying any of the allegations brought by the state, applicant agreed to give the complaining customers the option of arbitrating their complaints or being paid a settlement amount predetermined by Edward Jones and the state of Illinois.Settlement Agreement.Edward D. Jones & Co., L.P.File No. 92.133.DOS02/01/1992State of Florida Department of Banking and FinanceThe state of Florida alleged Edward Jones violated the Florida securities & investor protection act, with regards to the temporary operation of six branch offices for which it had assigned Florida licensed representatives and had submitted pending applications to the department, but for which it had not yet received approval from Florida. the applicant entered into a stipulation and consent agreement with Florida. without admitting or denying that these activities constituted violations of the Florida securities & investor protection act, applicant agreed to make a $15,000 contribution to Florida's antifraud trust fund and to make certain ongoing changes to the supervision of its Florida offices. effective April 12, 1996, applicant was relieved of any ongoing special compliance requirements governing its Florida offices formerly imposed by the agreement.Monetary/Fine $15,000.Edward D. Jones & Co., L.P.File No. 1988-7-8212/01/1988Idaho Department of FinanceThe state of Idaho alleged applicant violated regulations regarding the supervision of securities-related activities of non-registered branch personnel. applicant entered a consensual agreement with the state in which, without admitting or denying the findings of the state, it agreed to develop and abide by written policies supervising the securities-related activities of non-registered branch personnel, to conduct adequate supervision thereof, to pay a fine of $5,000, and to reimburse the state $2,000 for its costs of investigation.Monetary/Fine $5,000.Edward D. Jones & Co., L.P.File No. 8704-202/01/1988Pennsylvania Securities CommissionerThe state of Pennsylvania alleged Edward Jones violated of certain provisions of the Pennsylvania securities act of 1972 by engaging in transactions in Pennsylvania without having registered as a broker/dealer in the state. the applicant entered into a consensual settlement, and without admission or denial of guilt, Pennsylvania issued its order in which the applicant was censured, prohibited from engaging in any further transactions in Pennsylvania and from reapplying for registration for a period of 18 months, and paid a fine $18,369.Monetary/Fine $18,269; and Censure.Edward D. Jones & Co., L.P.SEC-2007-0002107/02/2010State of Virginia - Division of SecuritiesIn April 2002, the Virginia State Corporation Commission, Division of Securities and Retail Franchising (the "Division") commenced an investigation into Edward Jones based on actions of a former financial advisor and his recommendation for use of margin dating back to 1998. After investigating the matter, the Division alleged that Edward Jones conducted activity that constituted a violation of the Virginia Securities Act and provisions of the Code of Virginia: (i) by engaging in a transaction, practice or course of business which operates as a fraud or deceit upon a purchaser; (ii) by failing to make and keep true, accurate and current, and preserve the books and records relating to its business; (iii) by failing to establish, maintain and enforce written procedures; (iv) by failing to perform frequent examinations of all customer accounts to detect and prevent irregularities or abuses; and (v) by failing to review and receive written approval by the designated supervisor of the delegation by any customer of discretionary authority with respect to the customer's account. Edward Jones will offer to pay 50% of the equity losses incurred by four Virginia investors identified by the Division. Edward Jones will offer a rebate of 65% of the margin interest paid by the Virginia investors identified to the Division and who had a margin loan between January 1, 1998 and June 30, 2001.Settlement Agreement. See details in 10(d)(2)(v) above.Edward D. Jones & Co., L.P.AP-10-1507/09/2010Missouri Securities DivisionIn July 2009, the Missouri Securities Division (the "Division") began an investigation regarding the sale of a variable annuity to a client of Edward Jones who is now deceased. Upon completing its investigation, the Division alleged Edward Jones failed to reasonably supervise its financial advisor by failing to reasonably review the death benefit options available for the variable annuity.Settlement Agreement. See details in 10(d)(2)(v) above.Edward D. Jones & Co., L.P.08-01210/15/2008Maine Office of SecuritiesThe State of Maine Office of Securities investigated the actions of a former financial advisor for allegedly exercising discretion in two customer accounts, and investigated Edward Jones to determine whether it failed to reasonably supervise the financial advisor. Edward Jones and the Office of Securities have entered into a Consent Order which includes Edward Jones paying a $10,000 fine, and which states that Edward Jones failed to reasonably supervise the financial advisor by failing to detect or take timely action regarding conflicting information provided by the financial advisor, and failed to detect or adequately investigate the financial advisor's use of discretion in two client accounts and to confirm the accuracy of its representations to the Office of Securities.Monetary/Fine $10,000.Edward D. Jones & Co., L.P.10-0504-CA12/22/2010State of Indiana Office of the Secretary of State, Securities DivisionIn July 2009, the Indiana Secretary of State, Securities Division (the "State") alleged that Edward Jones failed to supervise the activities of a now deceased financial advisor. Specifically, the State alleged the financial advisor was able to change the primary account holder and social security number on an account by submitting a form to the headquarters office without the required number of signatures, in violation of firm policy.Monetary/Fine $10,000.Edward D. Jones & Co., L.P.Consent Order Number: S-21-3243-22-CO0111/14/2022Washington State Department of Financial Institutions, Securities DivisionOn November 14, 2022, Edward Jones entered into a consent order with the Washington State Department of Financial Institutions, Securities Division (the "Division"). The Division alleged that between 2017 and 2021, Edward Jones violated RCW 21.20.110(1)(j) by failing to supervise a former financial advisor, who the Division alleged received payments of gifts and loans totaling approximately $550,000.00 from an elderly client without disclosing the payments to Edward Jones. The Division further alleged that Edward Jones failed to detect the financial advisor's undisclosed outside business. Upon becoming aware of the financial advisor's conduct, Edward Jones terminated the financial advisor on December 13, 2021.Without admitting or denying the allegations, Edward Jones agreed to reasonably supervise its financial advisors, pay a fine of $150,000 and investigative costs of $25,000.Edward D. Jones & Co., L.P.Docket Number: 240001 (SEC-CAO)01/12/2024Pennsylvania Department of Banking and SecuritiesIn the fall of 2023, Edward Jones identified a historical compliance deficiency in connection with the Pennsylvania investment adviser representative registration requirement and self-reported the same to the Pennsylvania Department of Banking and Securities ("the Department"). On January 12, 2024, Edward Jones and the Department entered into a Consent Order ("the Order"). The Department alleged that from in or about January 2015 through the present, Edward Jones failed to register at least one employee as an investment adviser representative in Pennsylvania in violation of Section 301(c.1)(1)(ii) of the Pennsylvania Securities Act of 1972 ("the 1972 Act").Without admitting or denying the findings in the Order, Edward Jones agreed to pay a monetary fine of $300,000 and to comply with the relevant provision of the 1972 Act.Edward D. Jones & Co., L.P.DOCKET/CASE NUMBER: 23211-AG24-0425-07510/10/2024INDIANA DEPARTMENT OF INSURANCEThe Enforcement Division of the Indiana Department of Insurance alleged that Edward Jones violated an insurance law and was liable for a civil penalty under Indiana Code Section 27-1-15.6-12(b)(2) in connection with Edward Jones' failure to disclose its January 2024 Consent Agreement and Order with the Pennsylvania Department of Banking and Securities to the Indiana Department of Insurance in a timely manner.On March 20, 2024, Edward Jones reported its January 2024 Consent Agreement with the Pennsylvania Department of Banking and Securities (the "Pennsylvania Order") to the Indiana Department of Insurance (the "Department") and advised the Department of its inadvertent omission of the Pennsylvania Order in the Firm's January 22, 2024 renewal application for its Indiana nonresident producer business entity license. Pursuant to Indiana Code Section 27-1-15.6-12(b)(2), the Commissioner may levy a civil penalty on an insurance producer's license for violating an insurance law, including Indiana Code Section 27-1-15.6-17(a). Edward Jones agreed to pay a civil penalty of $1,000.00.Edward D. Jones & Co., L.P.FILE NO. 8478708/13/2024MINNESOTA DEPARTMENT OF COMMERCETHE MINNESOTA DEPARTMENT OF COMMERCE ALLEGED THAT EDWARD JONES VIOLATED MINN. R. 2876.5021 SUBP. 1 WHEN IT RECEIVED NOTICE OF A UNIFORM COMMERCIAL CODE COLLATERAL LIEN ON A CUSTOMER ACCOUNT AND GAVE THE CUSTOMER AN INCORRECT TOTAL OF HER ASSETS SUBJECT TO THE LIEN AND DID NOT TIMELY PROVIDE THE CUSTOMER WITH HER COLLATERAL-FREE ACCOUNT BALANCE.ON AUGUST 13, 2024, EDWARD JONES ENTERED INTO A CIVIL PENALTY AGREEMENT WITH THE MINNESOTA DEPARTMENT OF COMMERCE TO RESOLVE THIS MATTER. THE CIVIL PENALTY AGREEMENT WAS PUBLISHED OCTOBER 28, 2024. PURSUANT TO THE CIVIL PENALTY AGREEMENT, EDWARD JONES AGREED TO PAY A CIVIL PENALTY OF $2,000 AND TO CEASE AND DESIST FROM VIOLATING ANY LAWS, RULES, OR ORDERS RELATED TO THE DUTIES AND RESPONSIBILITIES ENTRUSTED TO THE COMMISSIONER OF THE MINNESOTA DEPARTMENT OF COMMERCE. EDWARD JONES PAID THE PENALTY ON AUGUST 19, 2024.NYEdward D. Jones & Co., L.P.In the Matter of Edward D. Jones & Co., L.P., Case No. S-16-001709/13/2018Arkansas Securities DepartmentConsent Order The Arkansas Securities Department found that Edward Jones failed to establish, maintain and enforce a system to adequately supervise the activities of a financial advisor who violated firm-imposed trading restrictions and firm policies. The Department also found that Edward Jones failed to properly disclose a complaint and settlement involving the financial advisor, as well as the fact that the financial advisor was under internal review at the time of his termination.Edward Jones entered into the AWC agreeing to pay a fine of $50,000, conduct a review of its supervisory practices and to update the financial advisor's Form U5.Edward D. Jones & Co., L.P.In the Matter of Edward D. Jones & Co., L.P, Case No. INV20-09608/05/2021Nevada Office of the Secretary of State - Securities DivisionThe Nevada Securities Division alleged that Edward jones failed to supervise a former financial advisor who had offered and sold personal seat licenses to an Edward Jones client in violation of Nevada Revised Statutes 90.420.Without admitting or denying the allegations, Edward Jones entered into an Administrative Consent Order agreeing to cease violations of the Nevada Securities Act, pay a civil penalty of $50,000 and investigatory costs of $2,762.57.Edward D. Jones & Co., L.P.Pennsylvania Department of Banking and Securities, Case No. 160043 (SEC-CAO)08/04/2016Commonwealth of Pennsylvania Department of Banking and SecuritiesConsent Agreement and Order The Pennsylvania Department of Banking and Securities alleged that the Firm failed to supervise an agent in violation of the Pennsylvania Securities Act of 1972.Without admitting or denying the allegations, Edward Jones entered into a Consent Agreement and Order, agreeing to comply with the Pennsylvania Securities Act and pay an Administrative Assessment of $135,000.00 & $10,000.00 for the costs of investigationEdward JonesIn the Matter of Edward D. Jones & Co., L.P.12/20/2019State of South Dakota Division of Insurance, Department of Labor and RegulationConsent Order State of South Dakota Division of Insurance, Department of Labor and Regulation alleged that the Firm failed to supervise a single financial advisor in connection with that financial advisor's recommendation of certain mutual funds to the customer in violation of the South Dakota Securities Act and FINRA rules 2010 and 3110.Consent order agreeing to pay the State of South Dakota Division of Insurance $10,000 for investigatory costs and offer settlement to the customer in the amount of $2,406.47.Edward D. Jones & Co., L.P.Consent Order Number: S-21-3243-22-CO0111/14/2022Washington State Department of Financial Institutions, Securities DivisionOn November 14, 2022, Edward Jones entered into a consent order with the Washington State Department of Financial Institutions, Securities Division (the "Division"). The Division alleged that between 2017 and 2021, Edward Jones violated RCW 21.20.110(1)(j) by failing to supervise a former financial advisor, who the Division alleged received payments of gifts and loans totaling approximately $550,000.00 from an elderly client without disclosing the payments to Edward Jones. The Division further alleged that Edward Jones failed to detect the financial advisor's undisclosed outside business. Upon becoming aware of the financial advisor's conduct, Edward Jones terminated the financial advisor on December 13, 2021.Without admitting or denying the allegations, Edward Jones agreed to reasonably supervise its financial advisors, pay a fine of $150,000 and investigative costs of $25,000.Edward D. Jones & Co., L.P.Docket Number: 240001 (SEC-CAO)01/12/2024Pennsylvania Department of Banking and SecuritiesIn the fall of 2023, Edward Jones identified a historical compliance deficiency in connection with the Pennsylvania investment adviser representative registration requirement and self-reported the same to the Pennsylvania Department of Banking and Securities ("the Department"). On January 12, 2024, Edward Jones and the Department entered into a Consent Order ("the Order"). The Department alleged that from in or about January 2015 through the present, Edward Jones failed to register at least one employee as an investment adviser representative in Pennsylvania in violation of Section 301(c.1)(1)(ii) of the Pennsylvania Securities Act of 1972 ("the 1972 Act").Without admitting or denying the findings in the Order, Edward Jones agreed to pay a monetary fine of $300,000 and to comply with the relevant provision of the 1972 Act.YEdward D. Jones & Co., L.P.File No. 8704-202/01/1988Pennsylvania Securities CommissionerSee item 10(d)(2) above.See item 10(d)(2) above.NYEdward D. Jones & Co., L.P.Hearing Panel Decision No. 04-19412/23/2003The New York Stock Exchange (NYSE)AN EXCHANGE PANEL MET TO CONSIDER A STIPULATION OF FACTS AND CONSENT TO PENALTY ENTERED INTO BETWEEN THE EXCHANGE'S DIVISION OF ENFORCEMENT AND EDWARD JONES ("THE FIRM"). WITHOUT ADMITTING OR DENYING GUILT, THE FIRM CONSENTED TO A FINDING BY THE HEARING PANEL THAT IT: I. VIOLATED SECTION 17(A)(2) OF THE SECURITIES ACT [15 U.S.C. Sections 77Q (A)(2)] II. VIOLATED SECTION 10B-10 OF THE EXCHANGE ACT [17 C.F.R.Section 240.10B-10] III. ENGAGED IN CONDUCT INCONSISTENT WITH PRINCIPLES OF TRADE IN VIOLATION OF EXCHANGE RULE 476(A)(6) IV. VIOLATED EXCHANGE RULE 401 IN FAILING TO USE THE PRINCIPLES OF GOOD BUSINESS PRACTICE IN THE CONDUCT OF ITS BUSINESS AFFAIRS; V. VIOLATED EXCHANGE RULE 342 BY FAILING TO: A. REVIEW PROSPECTUSES AND SAIS OFFERED BY CERTAIN MUTUAL FUND FAMILIES TO DETERMINE IF ADEQUATE DISCLOSURES OF REVENUE SHARING, DIRECTED BROKERAGE PAYMENTS OR OTHER INCENTIVES WERE MADE. B. REASONABLY SUPERVISE ITS BUSINESS ACTIVITIES, AND ESTABLISH AND MAINTAIN APPROPRIATE PROCEDURES FOR SUPERVISION WITH RESPECT TO LATE TRADING OF MUTUAL FUNDS. VI. VIOLATED SECTION 17(A) OF THE EXCHANGE ACT AND SEC RULES 17A-4 AND EXCHANGE RULE 440 BY FAILING TO PRESERVE FOR 3 YEARS AND/OR PRESERVE IN AN EASILY ACCESSIBLE PLACE FOR 2 YEARS, RECORDS OF ELECTRONIC COMMUNICATION IN VIEW OF THE ABOVE FINDINGS, THE HEARING PANEL, BY UNANIMOUS VOTE, IMPOSED THE PENALTY CONSENTED TO BY THE FIRM AS SET FORTH BELOW: THE IMPOSITION BY THE EXCHANGE, THE SECURITIES EXCHANGE COMMISSION ("SEC") AND NATIONAL ASSOCIATION OF SECURITIES DEALERS ("NASD") IMPOSED A SANCTION OF A CENSURE AND PAYMENT OF $75 MILLION, AS FOLLOWS 1. $37.5 MILLION AS A PENALTY; AND 2. $37.5 MILLION AS DISGORGEMENT THAT WILL BE PLACED INTO A CUSTOMER REIMBURSEMENT FUND TO COMPENSATE CUSTOMERS HARMED BY THE FIRM'S VIOLATIVE CONDUCT. 3. PURSUANT TO SECTION 308(A) OF THE SARBANES-OXLEY ACT OF 2002, A FAIR FUND WAS ESTABLISHED FOR THE FUNDS DESCRIBED.Monetary/Fine $75,000,000; and Censure.Edward D. Jones & Co., L.P.File No. CAF04011510/23/2003National Association of Securities Dealers, Inc. (NASD)NASD alleged Edward Jones (a) failed to disclose its financial incentives to sell mutual funds from the preferred families on its website and other written documentation, and orally to clients, (b) failed to disclose on its website or any other written documentation any incentives to sell 529 Plans, and (c) willfully violated Section 17(A)(2) of the Securities Act, Rules 10B-10 under the Exchange Act, Section 15B(C)(1) of the Exchange Act, and contravened the dictates of MSRB Rule G-15. NASD deemed it appropriate to (a) censure Edward Jones, (b) order Edward Jones to cease and desist from committing any violations of Section 17(A)(2) of the Securities Act, Section 15B(C)(1) of the Exchange Act, Rules 10B- 10 and MSRB Rule G-15, and (c) order Edward Jones to pay a total of $37.5 million for disgorgement plus prejudgment interest and a $37.5 million as a civil monetary penalty, for a total of $75 million. The NASD further ordered Edward Jones to (i) place and maintain on its mutual fund portion of its public website specific disclosures regarding its preferred mutual fund family program ("Program"), (ii) place and maintain specific disclosures regarding 529 Plans of its Program on its public website, (iii) send information about these disclosure to its new clients for its mutual fund and 529 transaction and then to its clients on a quarterly basis, (iv) establish policies and procedures to conduct reviews of all prospectuses and SAIS, (v) place on its public website Edward Jones' policies and procedures regarding the adding or removing of mutual fund families from its preferred list, (vi) retain an independent consultant ("IC") to review these policies and procedures and its distribution plan, (vii) have the IC submit a report to the NASD'S staff about its review of Edward Jones' policies and procedures and distribution plan, (viii) report to the NASD'S staff about the recommendations that it will adopt, and (ix) have the IC submit a final report to Edward Jones and the NASD staff.Monetary/Fine $300,000; and Censure.YEdward D. Jones & Co., L.P.File No. 200600605460108/11/2006Financial Industry Regulatory Authority (FINRA)FINRA ALLEGED THAT PURSUANT TO PROVISIONS OF NASD RULE 6230(A), EDWARD D. JONES & CO., L.P. FAILED TO REPORT TO THE TRADE REPORTING AND COMPLIANCE ENGINE (TRACE) TRANSACTIONS IN TRACE-ELIGIBLE SECURITIES WITHIN 15 MINUTES OF THE TIME OF EXECUTION. WITHOUT ADMITTING OR DENYING THE FINDINGS, THE APPLICANT CONSENTED TO THE TO THE ENTRY OF FINDINGS, CENSURE AND FINE OF $10,000.Monetary/Fine $10,000.Edward D. Jones & Co., L.P.File No. EAF040110000101/01/2002NASDPURSUANT TO NASD RULE 9216, EDWARD JONES ENTERED INTO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT ("AWC") WHEREBY IT AGREED, WITHOUT ADMITTING OR DENYING THE FINDINGS OF THE NASD, TO THE ENTRY OF CERTAIN FINDINGS AND SANCTIONS IN CONNECTION WITH ITS HANDLING OF NET ASSET VALUE ("NAV") TRANSFER PROGRAMS OFFERED BY CERTAIN MUTUAL FUNDS DURING THE PERIOD JANUARY 1, 2002, THROUGH DECEMBER 31, 2004. DURING THIS PERIOD, THE PROSPECTUSES OF SEVERAL MUTUAL FUND COMPANIES PROVIDED THAT UNDER CERTAIN CIRCUMSTANCES INVESTORS WERE ELIGIBLE TO PURCHASE SHARES AT NET ASSET VALUE (I.E., WITHOUT ANY DEDUCTION FOR A SALES LOAD) IF THEY WERE MAKING THE PURCHASE WITH PROCEEDS FROM THE REDEMPTION OF THE SHARES OF ANOTHER FUND FAMILY AND THAT REDEMPTION HAD TAKEN PLACE WITHIN A SPECIFIED PERIOD OF TIME OF THE PURCHASE, E.G., 30 OR 60 OR 90 DAYS. THE NASD ALLEGED THAT EDWARD JONES FAILED TO PROVIDE ALL INVESTORS THE OPPORTUNITY TO PURCHASE CLASS A SHARES OF CERTAIN MUTUAL FUNDS AT NET ASSET VALUE PURSUANT TO THE TERMS OF THEIR NAV TRANSFER PROGRAMS. THE NASD FURTHER ALLEGED THAT EDWARD JONES FAILED TO EXERCISE REASONABLE DUE DILIGENCE TO IDENTIFY THE ESSENTIAL TERMS AND CONDITIONS OF ALL NAV TRANSFER PROGRAMS OFFERED BY THE MUTUAL FUNDS THAT IT SOLD AND FAILED TO ESTABLISH, MAINTAIN, AND ENFORCE A SYSTEM AND PROCEDURES TO ENSURE THAT ALL OF ITS CUSTOMERS RECEIVED NET ASSET VALUE PRICING WHEN APPROPRIATE. EDWARD JONES WAS CENSURED; FINED $250,000; AND AGREED TO PROVIDE REMEDIATION PAYMENTS TO INVESTORS IN AN AMOUNT TO BE DETERMINED BUT ESTIMATED TO BE APPROXIMATELY $25,000,000. SUCH REMEDIATION INCLUDED, IN APPROPRIATE CASES, 1) A REFUND OF AMOUNTS PAID AS A SALES CHARGE, 2) A CASH PAYMENT EQUAL TO AN AMOUNT NECESSARY TO PLACE THE CLIENT IN A FINANCIAL POSITION EQUIVALENT TO WHAT HE OR SHE WOULD HAVE BEEN IN IF THE RELEVANT TRANSACTIONS HAD TAKEN PLACE AT NET ASSET VALUE, AND 3) INTEREST ON THOSE AMOUNTS.Monetary/Fine $250,000; and Censure.Edward D. Jones & Co., L.P.File No. ENF SEA #2005-2209/27/2005NASD, District No. 3 SeattleTHE NASD ALLEGED THAT IN CONNECTION WITH TRANSACTIONS WHICH INVOLVED THE SALES OF MUNICIPAL SECURITIES BY CUSTOMERS DURING THE PERIOD FROM JANUARY 2003 UNTIL APRIL 2004, THE FIRM FAILED TO ENSURE THAT CONFIRMATIONS ISSUED INCLUDED YIELD TO MATURITY INFORMATION AS REQUIRED BY MSRB G-15(A)(I)(A)(5); THAT DURING THE PERIOD FROM MAY 1995 UNTIL APRIL 2004, THE FIRM FAILED TO ESTABLISH AND MAINTAIN A SUPERVISORY SYSTEM, DESIGNED TO ENSURE THAT CONFIRMATIONS ISSUED FOR CUSTOMER TRANSACTIONS IN MUNICIPAL SECURITIES DISCLOSED INFORMATION REGARDING THOSE TRANSACTIONS AS REQUIRED BY MSRB RULE G-15; AND THAT THESE CONSTITUTED A VIOLATION OF MSRB RULE G-27(C). EDWARD JONES ACCEPTED AND CONSENTED TO, WITHOUT ADMITTING OR DENYING GUILT, A SETTLEMENT WHICH INCLUDED CENSURE AND A FINE OF $300,000; AGREED TO DEVISE AND IMPLEMENT A POLICY AND SET OF PROCEDURES IN ENSURE THE FIRM'S CONFIRMATIONS ISSUED IN CONNECTION WITH TRANSACTIONS IN MUNICIPAL SECURITIES CONTAIN ALL DISCLOSURES REQUIRED BY MSRB RULE G-15; AND AGREED THAT FOR A PERIOD OF TWO YEARS THE FIRM WILL PROVIDE TO THE NASD'S SEATTLE DISTRICT OFFICE A WRITTEN CERTIFICATION THAT IT HAS REVIEWED ITS CONFIRMATION DISCLOSURES AND THAT THEY CONFORM TO THE REQUIREMENTS OF MSRB RULE G-15.Monetary/Fine $300,000; and Censure.Edward D. Jones & Co., L.P.Hearing Panel Decision No. 04-19412/23/2003NYSESee item 10(e)(1) above.See item 10(e)(1) above.Edward D. Jones & Co., L.P.File No. CAF04011510/23/2003NASDSee item 10(e)(1) above.See item 10(e)(1) above.Edward D. Jones & Co., L.P.File No. CAF04009711/30/2004NASDPURSUANT TO ARTICLE V, SECTIONS 2(C) AND 3(B)OF NASD'S BY-LAWS, AND NASD RULES 2110 AND 3010, THE NASD ALLEGED THAT THAT EDWARD JONES FILED AT LEAST 280 LATE AMENDMENTS TO FORMS U4 AND U5, WHICH REPRESENTED APPROXIMATELY 27% OF THE REQUIRED AMEMDMENTS RELATING TO REPORTABLE CUSTOMER COMPLAINTS, TERMINATIONS, REGULATORY ACTIONS, AND CRIMINAL DISCLOSURES. DURING THE RELEVANT PERIOD, EDWARD JONES' SUPERVISORY SYSTEM AND PROCEDURES WERE NOT REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH ITS ARTICLE V REPORTING OBLIGATIONS. WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, EDWARD JONES CONSENTS TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS, THEREFORE, IT HAS ACCEPTED THE CENSURE AND FINE OF $300,000, WHICH SHALL BE PAID WITHIN 10 DAYS OF NOTICE OF THIS AWC. IN ADDITION EDWARD JONES SHALL COMPLY WITH THE FOLLOWING UNDERTAKINGS: (1) PROMPTLY,THE FIRM'S INTERNAL AUDIT DEPARTMENT OR PERSONNEL NOT DIRECTLY RESPONSIBLE FOR THE FIRM'S ARTICLE V REPORTING OBLIGATIONS AND THEIR IMMEDIATE SUPERVISORS SHALL CONDUCT AN AUDIT TO ACCESS THE EFFECTIVENESS OF ITS SYSTEM AND PROCEDURES FOR ENSURING TIMELY FILING OF FORM U4 AND U5 AMENDMENTS SUMMARIZING FINDINGS AND RECOMMENDATIONS AND SHALL FOR THE NEXT FOUR CALENDAR QUARTERS BEGINNING FOURTH QUARTER 2004, CONDUCT A SIMILAR AUDIT AND PREPARE A SIMILAR WRITTEN AUDIT REPORT. (2) NO LATER THAN 90 DAYS AFTER NOTICE OF ACCEPTANCE OF THIS AWC, AN OFFICER OF THE FIRM SHALL CERTIFY TO THE NASD THAT AN AUDIT WAS CONDUCTED AND THE OFFICER HAS REVIEWED THE CURRENT AUDIT REPORT. (3) NO LATER THAN 60 DAYS AFTER THE DATE OF THE CURRENT AUDIT REPORT, AN OFFICER SHALL CERTIFY IN WRITING TO THE NASD THAT THE FIRM HAS IMPLEMENTED, OR HAS BEGUN TO IMPLEMENT, ANY RECOMMENDATIONS WITHIN A SPECIFIED TIME PERIOD. (4) NO LATER THAN 60 DAYS AFTER THE LAST DAY OF THE NEXT FOUR QUARTERS, AN OFFICER SHALL CERTIFY IN WRITING TO THE NASD THAT AN AUDIT WAS CONDUCTED, THE CURRENT AUDIT REPORT WAS REVIEWED, AND RECOMMENDATIONS IMPLEMENTED, OR BEGUN TO BE IMPLEMENTED. (5) NO LATER THAT SIX MONTHS AFTER NOTICE OF ACCEPTANCE OF THIS AWC, AN OFFICER SHALL CERTIFY IN WRITING TO THE NASD THAT THE FIRM HAS REVIEWED ITS SYSTEM AND PROCEDURES FOR COMPLYING WITH ITS ARTICLE V REPORTING OBLIGATIONS AND HAS ESTABLISHED A SYSTEM AND PROCEDURES REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITH REPORTING REQUIREMENTS SET FORTH THEREIN.Monetary/Fine $300,000; and CensureEdward D. Jones & Co., L.P.File No. C07040079-AWC09/09/2004NASDTHE NASD ALLEGED THAT EDWARD JONES VIOLATED NASD CONDUCT RULES 3010 AND 2110, BY FAILING TO ESTABLISH AND MAINTAIN A SUPERVISORY SYSTEM, INCLUDING WRITTEN SUPERVISORY PROCEDURES, REASONABLY DESIGNED TO DETER AND PREVENT ITS REPRESENTATIVES FROM MAKING UNSUITABLE RECOMMENDATIONS INVOLVING THE USE OF MARGIN LOANS IN CLIENT ACCOUNTS AS A RESULT OF ITS BONUS PLAN. THE FIRM ACCEPTED AND CONSENTED, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS OR FINDINGS BY THE HEARING PANEL THAT IT VIOLATED NASD CONDUCT RULES 3010 AND 2110 AND CONSENT TO A CENSURE AND A FINE OF $200,000.Monetary/Fine $200,000; and Censure.Edward D. Jones & Co., L.P.File No. CMS040143-AWC10/08/2003NASDTHE NASD ALLEGED THE APPLICANT IMPROPERLY INCLUDED ITS MARKUP/MARKDOWN IN 8,319 TRANSACTIONS THAT IT REPORTED TO TRACE. WITHOUT ADMITTING OR DENYING THE ALLEGATIONS OR FINDINGS OF THE NASD, THE APPLICANT ACCEPTED AND CONSENTED TO THE CENSURE AND FINES PROVIDED IN THE ACCEPTANCE WAIVER AND CONSENT AGREEMENT.Monetary/Fine $15,000; and Censure.Edward D. Jones & Co., L.P.File No. C0504004106/28/2004NASDTHE NASD ALLEGED VIOLATIONS PURSUANT TO PROVISIONS OF MSRB RULES G-17, G-30(A). EDWARD JONES RECEIVED REQUESTS FROM PUBLIC CUSTOMERS TO LIQUIDATE EIGHT DIFFERENT MUNICIPAL SECURITY POSITIONS. IN TURN, IT CONTACTED A BROKER'S BROKER OBTAINING BIDS FOR THE CUSTOMERS' SECURITIES. BASED ON THE BIDS PROVIDED, EDWARD JONES PURCHASED THE SECURITIES FROM THE CUSTOMERS FOR ITS OWN ACCOUNT AND SOLD THE SECURITIES TO THE BROKER'S BROKER AT A NOMINAL GAIN. IN ALL EIGHT INSTANCES, THE PRICES PAID TO THE CUSTOMERS AND RECIEVED BY THE FIRM BASED ON THESE BIDS WERE LATER DETERMINED TO BE BELOW THE ACTUAL FAIR MARKET VALUE FOR THE SECURITES IN AMOUNTS RANGING FROM 9.04% TO 36%. BY RELYING SOLELY ON THE BIDS PROVIDED, EDWARD JONES FAILED TO ENSURE THAT THE TRANSACTIONS WERE EXECUTED AT AGGREGATE PRICES THAT WERE FAIR AND REASONABLE. WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, EDWARD JONES CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS; THEREFORE, THE FIRM WAS CENSURED, FINED $15,000, AND REQUIRED TO PAY $10,181.50, PLUS INTEREST IN RESTITUTION TO THE CUSTOMER. SATISFACTORY PROOF OF PAYMENT OF THE RESTITUTION SHALL BE PROVIDED TO NASD NO LATER THAN 90 DAYS AFTER ACCEPTANCE OF THE AWC. THE FIRM SHALL ALSO PROVIDE NASD, WITHIN 90 DAYS OF ACCEPTANCE OF THIS AWC, A COPY OF ITS UPDATED WRITTEN SUPERVISORY PROCEDURES AS THEY RELATE TO THE DETERMINATION OF THE FAIR MARKET VALUE OF MUNICIPAL SECURITIES BEING BOUGHT OR SOLD FROM A PUBLIC CUSTOMER.Monetary/Fine $15,000; and Censure.Edward D. Jones & Co., L.P.Hearing Panel Decision No. 04-3212/30/2003NYSETHE NYSE ALLEGED THE APPLICANT VIOLATED PROVISIONS OF 1. EXCHANGE RULE 346(F), BY EMPLOYING INDIVIDUALS WHOM IT KNEW, OR IN THE EXERCISE OF REASONABLE CARE, SHOULD HAVE KNOWN, WERE SUBJECT TO STATUTORY DISQUALIFICATION. 2. EXCHANGE RULE 351(A)(9), BY FAILING TO PROMPTLY REPORT ITS ASSOCIATION WITH PERSONS SUBJECT TO STATUTORY DISQUALIFICATION. 3. EXCHANGE RULE 351 (A)(5), BY FAILING TO PROMPTLY REPORT AN EMPLOYEE'S ARREST OR CONVICTION TO THE EXCHANGE. 4. EXCHANGE RULE 342, BY FAILING TO PROVIDE FOR, ESTABLISH, AND MAINTAIN ADEQUATE PROCEDURES AND CONTROLS, INCLUDING A SYSTEM OF FOLLOW-UP AND REVIEW OF ITS BUSINESS ACTIVITIES, TO ENSURE COMPLIANCE WITH EXCHANGE RULES AND FEDERAL SECURITIES LAWS RELATING TO EMPLOYMENT OF STATUTORY DISQUALIFIED INDIVIDUALS. WITHOUT ADMITTING OR DENYING GUILT, THE APPLICANT CONSENTS TO THE FINDINGS BY THE HEARING PANEL OF THE VIOLATIONS OUTLINED ABOVE. THE PANEL APPROVED THE EXECUTED STIPULATION OF FACTS AND CONSENT TO PENALTY OF THE IMPOSITION OF A CENSURE BY THE EXCHANGE AND A $100,000 FINE.Monetary/Fine $100,000; and Censure.Edward D. Jones & Co., L.P.File No. N-VS-21808/10/1976NASDTHE NASD ALLEGED THE APPLICANT VIOLATED PROVISIONS OF SECTION IC3(D)(I) OF SCHEDULE D OF THE ASSOCIATION'S BYLAWS (NASDAQ VOLUME REPORTING). EDWARD JONES WAS FINED $25 BY THE NASDAQ COMMITTEE OF THE NASD PURSUANT TO A SUMMARY COMPLAINT PROCEDURE.Monetary/Fine $25.Edward D. Jones & Co., L.P.N/A05/19/1969NASDTHE NASD ALLEGED THE APPLICANT FAILED TO MAKE BONA FIDE PUBLIC OFFERINGS IN THE DISTRIBUTION OF 17 "HOT ISSUES" IN VIOLATION OF ARTICLE III, SECTION 1 "FREE-RIDING". THE NASD DISTRICT BUSINESS COMMITTEE CENSURED AND FINED THE APPLICANT $1000 AND ASSESSED COSTS OF $64.65.Monetary/Fine $1,000; and Censure.Edward D. Jones & Co., L.P.File No. SC:KC-30, District #405/19/1981NASDTHE NASD ALLEGED THE APPLICANT VIOLATED ITS RULE CONCERNING FREE-RIDING AND WITHHOLDING. EDWARD JONES AND A FINANCIAL REPRESENTATIVE WERE CENSURED AND FINED $250 BY THE NASD PURSUANT TO A SUMMARY COMPLAINT PROCEDURE.Monetary/Fine $250; and Censure.Edward D. Jones & Co., L.P.File No. E07980030 TC01/12/2000NASDTHE NASD ALLEGED THE APPLICANT FAILED TO ESTABLISH AND MAINTAIN ADEQUATE WRITTEN SUPERVISORY PROCEDURES PERTAINING TO THE REVIEW AND MONITORING OF A CUSTOMER'S ACCOUNT ACTIVITY IN VIOLATION OF NASD CONDUCT RULE 3010 THEREBY PREVENTING UNSUITABLE RECOMMENDATIONS AND BOND TRADING ON MARGIN. WITHOUT ADMITTING TO OR DENYING ALLEGATIONS, EDWARD JONES AGREED TO PAY $5,000.Monetary/Fine $5,000.Edward D. Jones & Co., L.P.Hearing Panel Decision No. 00-18702/02/2000NYSETHE NYSE ALLEGED THE APPLICANT FAILED TO REASONABLY SUPERVISE AND CONDUCTED TRANSACTIONS IN A MANNER INCONSISTENT WITH JUST AND EQUITABLE PRINCIPALS OF TRADE IN ITS DISTRIBUTION OF CALLABLE CDS; AND THAT IT VIOLATED NYSE RULE 472.40 RELATING TO INACCURATE CAPACITY DISCLOSURES IN RESEARCH REPORTS. APPLICANT AGREED TO CONDUCT AN ANNUAL REVIEW FOR THE NEXT FIVE YEARS OF MARKETING, TRAINING, AND DISCLOSURE MATERIALS RELATED TO LONG TERM CALLABLE CERTIFICATE OF DEPOSIT INVESTMENTS.Monetary/Fine $200,000; and Censure.Edward D. Jones & Co., L.P.File No. 92-13312/27/1991NYSEIN A CHARGE MEMORANDUM FILED AGAINST THE APPLICANT AND A FINANCIAL ADVISOR, THE NYSE ALLEGED THAT IN THE APPLICANT'S SALE OF SECURITIES TO EIGHT CUSTOMERS, ITS CONDUCT CONSISTED OF UNSUITABILITY, LACK OF DIVERSIFICATION, MISSTATEMENTS, LACK OF DUE DILIGENCE, FALSIFYING NEW ACCOUNT FORMS, AND DISTRIBUTION OF UNAPPROVED INFORMATION. NO SPECIFIC ACTION REQUESTED. WITHOUT ACCEPTING OR DENYING THE ALLEGATIONS, THE FIRM AGREED TO A CENSURE AND FINE OF $5,000.Monetary/Fine $5,000; and Censure.Edward D. Jones & Co., L.P.CMS960137 AWC04/23/1997NASDTHE NASD ALLEGED THAT APPLICANT MISTAKENLY EXECUTED SHORT SALES OF A COMMON STOCK WHEN THE PREVIOUS INSIDE QUOTES HAPPENED TO BE DOWNTICKS IN VIOLATION OF NASD CONDUCT RULE 3350. PURSUANT TO A LETTER OF ACCEPTANCE, WAIVER AND CONSENT, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, APPLICANT AGREED TO A $1,000 FINE AND REMITTANCE OF $7,307.77 OF PROFITS RELATING TO THE TRANSACTIONS.Monetary/Fine $8,307.77.Edward D. Jones & Co., L.P.Exchange Hearing Panel Decision 94-16612/19/1994NYSETHE NYSE ALLEGED THE APPLICANT VIOLATED PROVISIONS OF NYSE RULE 351(A) (FAILURE TO PROMPTLY REPORT CERTAIN EVENTS); NYSE RULE 345.17(B) (FAILURE TO TIMELY AMEND CERTAIN FORMS U-5); AND NYSE RULE 342(A) & (B) (FAILURE TO ESTABLISH APPROPRIATE PROCEDURES FOR CONTROL OF THESE REPORTING REQUIREMENTS). THIS ACTION WAS SETTLED BY STIPULATION OF FACTS AND CONSENT TO PENALTY WHEREIN APPLICANT WAS FINED $40,000 AND AGREED TO: (I) ADOPT POLICIES TO REASONABLY ENSURE PROMPT REPORTING REQUIRED BY RULES 345 & 351; (II) CONDUCT AN INTERNAL REVIEW TO DETERMINE IF ANY OTHER FILINGS NEED TO BE MADE, AND, IF NECESSARY, MAKE SUCH FILINGS; AND(III) REPORT TO THE NYSE AT THE END OF THREE MONTHS THE RESULTS OF THE REVIEW AS SPECIFIED IN (II) AND TO AFFIRM THAT ALL REQUIRED REPORTS HAVE BEEN MADE. THE LATE FILINGS WHICH ARE THE SUBJECT OF THIS ACTION WERE PREDOMINANTLY DISCOVERED BY THE APPLICANT ITSELF IN CONDUCTING AN INTERNAL REVIEW AND WERE VOLUNTARILY DISCLOSED & FILED UPON DISCOVERY OF THE ERRORS.Monetary/Fine $40,000.Edward D. Jones & Co., L.P.MS-1104-AWC05/31/1991NASDTHE NASD ALLEGED THE APPLICANT VIOLATED PROVISIONS OF PART VI, SECTION 5(A) OF SCHEDULE D FOR FAILURE TO GIVE TIMELY VOLUME REPORTING IN CONNECTION WITH CERTAIN ACTIVITIES AS A NASDAQ MARKET MAKER. APPLICANT AGREED TO FINE OF $1,000 PURSUANT TO AN ACCEPTANCE, WAIVER AND CONSENT AGREEMENT.Monetary/Fine $1,000.Edward D. Jones & Co., L.P.File No. MS-973 AWC10/04/1990NASDTHE NASD ALLEGED THE APPLICANT VIOLATED PROVISIONS OF PART VI, SECTION 5(A) OF SCHEDULE D FOR FAILURE TO GIVE TIMELY VOLUME REPORTING IN CONNECTION WITH CERTAIN ACTIVITIES AS A NASDAQ MARKET MAKER. APPLICANT AGREED TO FINE OF $1,750 PURSUANT TO AN ACCEPTANCE, WAIVER AND CONSENT PROCEDURE.Monetary/Fine $1,750.Edward D. Jones & Co., L.P.File No. KC-444, District #402/08/1989NASDTHE NASD ALLEGES THE APPLICANT VIOLATED PROVISIONS OF ARTICLE III, SECTIONS 1 AND 35 OF THE RULES OF FAIR PRACTICE FOR APPROVING AN ADVERTISEMENT FOUND TO BE MISLEADING. PURSUANT TO AN OFFER OF SETTLEMENT, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE APPLICANT AGREED TO A CENSURE AND FINE OF $1,000.Monetary/Fine $1,000; and Censure.Edward D. JonesFile No. KC-292-SC08/31/1983NASDTHE NASD ALLEGED THE APPLICANT VIOLATED PROVISIONS OF AN NASD RULE CONCERNING FREERIDING AND WITHHOLDING. EDWARD JONES AND ITS FINANCIAL ADVISOR AGREED TO A CENSURE AND FINE OF $900 PURSUANT TO A SUMMARY COMPLAINT PROCEDURE.Monetary/Fine $900; Censure.Edward D. Jones & Co., L.P.File No. D-MSE-80-7608/20/1980Midwest Stock Exchange, Inc.THE MIDWEST STOCK EXCHANGE ALLEGED THE APPLICANT VIOLATED A REQUIREMENT THAT SETTLEMENT OBLIGATIONS BE PAID IN CLEARING HOUSE FUNDS ON SETTLEMENT DATE OR IN FEDERAL FUNDS ON THE NEXT BUSINESS DAY FOLLOWING SETTLEMENT DATE. THE APPLICANT AGREED TO AN ASSESSMENT OF MONETARY FINE PURSUANT TO A DECISION BY THE EXCHANGE.Monetary/Fine $50.Edward D. Jones & Co., L.P.File No. KC-29102/01/1984NASDTHE NASD ALLEGED THE APPLICANT VIOLATED AN NASD RULE CONCERNING FREE-RIDING AND WITHHOLDING. THE APPLICANT AGREED TO A CENSURE AND FINE OF $3,230.Monetary/Fine $3,230; and Censure.Edward D. Jones & Co., L.P.Docket/Case Number 200600650960111/02/2006FINRAFINRA alleged Edward Jones violated MSRB Rule G-32 by failing to timely deliver official statements to certain customers in various transactions when Edward Jones was not an underwriter or member of the syndicate. FINRA also alleged Edward Jones violated MSRB Rules G-8, G-27 and G-17 in regards to certain record keeping requirements. Without admitting or denying the findings, Edward Jones consented to the described sanctions and entry of findings and was censured and fined $900,000. Edward Jones is also required within 60 days of the notice of acceptance of this AWC to adopt and implement systems and procedures reasonably designed to ensure compliance with MSRB Rules G-32 and G-8, including systems and procedures to provide adequate oversight if third party vendors are utilized, and provide certification by the principal of operations that Edward Jones has adopted and implemented supervisory systems and procedures to ensure compliance with MSRB Rules G-32 and G-8.Monetary/Fine $900,000; and Censure.Edward D. Jones & Co., L.P.20,070,105,37708/03/2009FINRAFINRA alleged Edward Jones violated NASD rules 2110, 3010(A), 3012(a)(2)(B)(i) by failing to establish, maintain and enforce a supervisory system, including written supervisory procedures that were reasonably designed to review and monitor all transmittals of funds from the accounts of customers to third party accounts. Edward Jones allegedly relied on a defective report, which was incomplete and inaccurate, to review and monitor third party wires from customer accounts, and failed to properly test and verify the system providing the report was functioning properly. As a result, the report failed to identify wires from accounts from which a former Edward Jones financial advisor was converting funds, and the financial advisor ultimately converted over $3 million in customer funds.Without admitting or denying the findings, Edward Jones was censured and fined $200,000.Edward D. Jones & Co., L.PEdward D. Jones & Co., L.P. (No. 2009018103101)06/07/2013FINRALetter of Acceptance, Waiver and Consent FINRA alleged that in 87 transactions, the firm purchased municipal securities for its own account from a customer and/or sold municipal securities for its own account to a customer at an aggregate price (including any mark-down or mark-up) that was not fair and reasonable, taking into consideration all relevant factors in violation of MSRB Rules G-17 and G-30(a).Without admitting or denying FINRA's findings, Edward Jones consented to a censure and a $160,000.00 fine.Edward D. Jones & Co., L.P.Edward D. Jones & Co., L.P. (No. 2010021566902)07/02/2012FINRALetter of Acceptance, Waiver and Consent FINRA alleged that from November 13, 2008 through November 30, 2009 (the "relevant time period"), failed to supervise a registered representative who converted approximately $167,249 from a customer's Edward Jones account by falsifying the customer's signature on 51 Letters of Authorization (LOAs) and wiring those funds to a minor child's bank account. FINRA alleged that by virtue of this conduct, Edward Jones violated NASD Conduct Rules 2110 (for conduct before December 15, 2008) and 3010(b) and FINRA Rule 2010 (for conduct after December 14, 2008).Without admitting or denying FINRA's findings, Edward Jones consented to a censure and a $95,000.00 fine.Edward D. Jones & Co., L.P.Edward D. Jones & Co., L.P. (No. 2010022283702)01/09/2014FINRALetter of Acceptance, Waiver and Consent FINRA alleged that between January 1, 2008 and July 31, 2009, Edward Jones failed to establish and maintain a supervisory system, including written procedures, that was reasonably designed to ensure that the firm' s sales of leveraged and inverse exchange traded funds (collectively ''nontraditional ETFs") complied with applicable securities laws and NASD and FINRA rules in violation of NASD Conduct Rules 3010 and 2110, and FINRA Rule 2010. FINRA also alleged, that during the same time period, certain registered representatives of Edward Jones recommended nontraditional ETFs to customers without first investigating those products sufficiently to understand the features and risks associated with them, resulting in unsuitable recommendations in violation of NASD Conduct Rules 2310 and 2110, and FINRA Rule 2010.Without admitting or denying FINRA's findings, Edward Jones consented to a censure, a fine of $200,000.00 and restitution of $51,581.25 to affected customers.Edward JonesEdward Jones (2010025367601)12/17/2012FINRALetter of Acceptance, Waiver and Consent FINRA alleged that prior to July 13, 2012, Edward Jones did not establish and maintain written supervisory procedures to ensure that registered representatives' Uniform Applications for Securities Industry Registration or Transfer ("Forms U4") were updated to reflect unsatisfied judgments and liens of which the Firm's Payroll Department was on notice. As a result, the Firm did not timely file Form U4 amendments in such circumstances. Such conduct constitutes a violation of Article V, Section 2(c) of the FINRA By-Laws, FINRA Rule 2010, and NASD Rules 3010(b) and 2110.Without admitting or denying FINRA's findings, Edward Jones s consented to a censure and a $35,000.00 fine.Edward JonesEdward Jones (No. 2011027686301)07/09/2014FINRALetter of Acceptance, Waiver and Consent FINRA alleged that in six transactions for or with a customer, Edward Jones failed to use reasonable diligence to ascertain the best inter-dealer market and failed to buy or sell in such market so that the resultant price to its customer was as favorable as possible under prevailing market conditions in violation of FINRA Rule 2010 and NASD Rule 2320. FINRA also alleged that in 10 transactions, Edward Jones purchased municipal securities for its own account from a customer and/or sold municipal securities for its own account to a customer at an aggregate price (including any mark-down or mark-up) that was not fair and reasonable, taking into consideration all relevant factors in violation of MSRB Rules G-17 and G-30.Without admitting or denying FINRA's findings, Edward Jones consented to a censure, a fine of $21,100.00 and restitution to the affected customers in the amount of $9,784.25.Edward D. Jones & Co., L.P.Edward D. Jones & Co., L.P. (No. 2012031611301)10/10/2014FINRALetter of Acceptance, Waiver and Consent FINRA alleged that between August 2008 and June 2013, Edward Jones failed to develop and implement adequate anti-money laundering ("AML") procedures for reviewing deposits and liquidations of third-party stock certificates in customer accounts. FINRA also alleged that Edward Jones failed to obtain any information regarding the relationship between the stockholder and the account holder in such instances and failed to have procedures by which to track or investigate situations where third-party stock certificates were deposited into a Firm account in violation of NASD Rules 3011(a) (for conduct occurring before January 1, 2010) and 2110 (for conduct occurring before December 15, 2008) and FINRA Rules 3310(a) (for conduct occurring on or after January 1, 2010) and 2010 (for conduct occurring on or after December 15, 2008).Without admitting or denying FINRA's findings, Edward Jones consented to a censure and a $100,000.00 fine.Edward D. Jones & Co., L.P.Edward D. Jones & Co., L.P. (no. 2012032011102)01/15/2015FINRALetter of Acceptance, Waiver and Consent FINRA alleged that Edward Jones failed to adequately supervise the certification of customer signatures on certain documents that required Firm employees to attest that the customers had signed the documents in their presence by failing to establish, maintain, and enforce an adequate supervisory system and written procedures concerning the certification of customer signatures in violation of NASD Rules 3010 (a) and (b), NASD Rule 2110 (for the period before December 15, 2008) and FINRA Rule 2010 (for the period on or after December 15, 2008)Without admitting or denying FINRA's findings, Edward Jones consented to a censure and a $60,000.00 fine.Edward D. Jones & Co., L.P.Edward D. Jones & Co., L.P. (No. 2013037060701)01/23/2015FINRALetter of Acceptance, Waiver and Consent FINRA alleged that From December 1, 2006 to November 30, 2012 ("the relevant period"), Edward Jones failed to establish, maintain and enforce a supervisory system, including a written supervisory control system, reasonably designed to prevent unauthorized transfers of customer funds to third-party accounts, in violation of NASD Rules 3010, 3012(a)(2)(B)(i), 2110 and FINRA Rule 2010.Without admitting or denying FINRA's findings, Edward Jones settled the matter and consented to a censure and a fine of $75,000.00.Edward D. Jones & Co., L.P.Edward D. Jones & Co., L.P. (No. 2014041068801)06/04/2015FINRALetter of Acceptance, Waiver and Consent FINRA alleged that, during the period from January 1, 2014 to March 31, 2014 Edward Jones failed to capture the correct time of trade execution for 306 transactions in TRACE-eligible securitized products. As a result, the firm: (1) failed to report to TRACE the correct time of trade execution for the 306 transactions; and, (2) failed to show the correct time of execution on the memorandum of306 brokerage orders in violation of FINRA Rule 6730(c)(8), and Securities Exchange Act of 1934 Rule 17a-3 and FINRA Rules 2010 and 4511.Without admitting or denying FINRA's findings, Edward Jones settled the matter and consented to a censure and a $10,000.00 fine.Edward D. Jones & Co., L.P.Edward D. Jones & Co., L.P. (No. 2015045354201)10/26/2015FINRALetter of Acceptance, Waiver and Consent FINRA alleged that Edward Jones disadvantaged certain retirement plan and charitable organization customers that were eligible to purchase Class A shares in certain mutual funds without a front-end sales charge ('Eligible Customers"). The Eligible Customers were instead sold Class A shares with a front-end sales charge or Class B or C shares with back-end sales charges and higher ongoing fees and expenses. FINRA further alleged that Edward Jones failed to establish and maintain a supervisory system and procedures reasonably designed to ensure that Eligible Customers who purchased mutual fund shares received the benefit of applicable sales charge waivers in violation of NASD Conduct Rule 3010 (for misconduct before December 1,2014), FINRA Rule 3110 (for misconduct on or after December 1, 2014), and FINRA Rule 2010.Without admitting or denying FINRA's findings, Edward Jones settled the matter and consented to a censure and remediation to the Eligible Customers.Edward D. Jones & Co., L.P.Edward D. Jones & Co., L.P. (No. 2015045548001)01/21/2016FINRALetter of Acceptance, Waiver and Consent FINRA alleged that from June 2009 through December 2014 (the "relevant period"), Edward Jones violated MSRB Rule G-27 by failing to reasonably supervise and to have an adequate supervisory system, including adequate written supervisory procedures, to address short positions in tax-exempt municipal bonds that resulted primarily from trading errors, resulting in the inaccurately representation to certain of its customers that certain interest paid to those customers was exempt from taxation in violation of MSRB Rules G-17 and G-8. FINRA also alleged that Edward Jones failed to maintain a record of the customers to whom its municipal short positions were allocated in violation MSRB Rule G-8.Without admitting or denying FINRA's findings, Edward Jones consented to a censure and a $200,000.00 fine.Edward D. Jones & Co., L.P.Edward D. Jones & Co., L.P. (No. 2015046579901)06/02/2017FINRALetter of Acceptance, Waiver and Consent FINRA alleged that Edward Jones (1) effected 188 customer transactions in a municipal security in an amount lower than the minimum denomination of the issue which were not subject to an exception. These transactions were concentrated in eight CUSIPs in violation of MSRB Rule G-15(f); (2) failed, in four instances, to provide the customer a written statement at or before completion of the transaction informing the customer that the quantity of securities being sold is below the minimum denomination for the issue in violation of MSRB Rule G-15(f)(iii); and, (3) failed to disclose all material facts concerning 192 municipal securities transactions at or prior to the time of trade in violation of MSRB Rule G-1 7 (for conduct occurring before July 5, 2014) and MSRB Rule G-47 (for conduct occurring on or after July 5, 2014).Without admitting or denying FINRA's findings, Edward Jones settled the matter and consented to a censure, a $210,000.00 fine, and an undertaking to submit satisfactory proof of offer of rescission.Edward JonesEdward Jones (No. 2016048760501)02/01/2017FINRALetter of Acceptance, Waiver and Consent FINRA alleged that for two years, Edward Jones overcharged interest totaling approximately $708,000 on loans to the owners of 6,127 customer accounts. The overcharges occurred because Edward Jones did not adequately supervise its system for determining the interest rates on those loans. As a result, Edward Jones violated NASD Rule 3010(a) and FINRA Rules 2010 and 3110(a).Without admitting or denying FINRA's findings Edward Jones consented to a censure and $125,000 fine. FINRA recognized Edward Jones' cooperation in voluntarily reporting and paying restitution of approximately $708,000.Edward JonesEdward Jones (No. 2016049783001)07/13/2017FINRALetter of Acceptance, Waiver and Consent FINRA found that during the period from April 2010 through 2014 (the "Relevant Period"), the Firm failed to establish, maintain, and enforce an adequate supervisory system, including written procedures, concerning the creation and dissemination of consolidated reports in violation of NASD Rule 3010(a) and FINRA Rule 2010.Without admitting or denying FINRA's findings, Edward Jones consented to censure and a $725,000 fine. The AWC recognized extensive remedial changes including enhancements to the Firm's systems.Edward D. Jones & Co., L.P.Edward D. Jones & Co., L.P. (No. 2018056422401)06/19/2019FINRALetter of Acceptance, Waiver and Consent FINRA alleged that by filing Forms U4 containing misleading information about the amount of alleged damages in customers' complaints, Edward Jones violated FINRA Rule 1122 and Article V, Section 2 of FINRA's by-laws, and consequently FINRA Rule 2010. FINRA noted that the inaccuracies in Edward Jones' Form U4 filings resulted from a misunderstanding by certain of Edward Jones' associates about the applicable requirements for disclosing customers' complaints and when FINRA identified the inaccuracies, Edward Jones promptly updated the Forms U4 at issue to reflect the specific amounts of the customers' alleged damages, provided additional training to its associates, and instituted additional safeguards for its process of disclosing customers' complaints.The Firm consented to censure, a $40,000 fine and to certify in writing that it had reviewed its systems, policies and procedures governing the analysis and disclosure of alleged damages in customer complaints.Edward D. Jones & Co., L.P.Edward D. Jones & Co., L.P. (No. 2020066649301)12/13/2022FINRAOn December 13, 2022, Edward Jones entered into a Letter of Acceptance Waiver and Consent (AWC) with FINRA without admitting or denying the findings. FINRA alleged that Edward Jones violated FINRA Rules 8210(a)(1) and 2010 by failing to timely, completely, and accurately produce certain call detail records in response to certain FINRA document requests between May 2017 and March 2021. Call detail records are not required broker-dealer books and records. FINRA alleged that Edward Jones represented to FINRA that call detail records older than 18 months were not available, but failed to search one storage location used by certain employees with an analytics tool and failed to promptly notify FINRA upon discovering the issue. FINRA further alleged that Edward Jones failed to preserve and produce to FINRA certain call detail records that were deleted pursuant to the company's document purge protocol.Edward Jones agreed to a censure, to certify that it has established and implemented policies, procedures, processes and internal controls reasonably designed to address and remediate the issues identified in the AWC, and to pay a monetary fine of $1.1 million.NNNNNNJames E. Crowe, III314-515-2000Principal, Senior Associate General Counsel11/08/2024