Edward Jones Agrees To Pay $20 Million SEC Fine, Highlighting Larger Issue

Mark Melin

Published onAugust 14, 2015

Updated on May 13, 2021

When brokerage firm Edward Jones agreed to pay over $20 million to settle Securities and Exchange Commission charges it overpriced new issues of municipal bonds, neglecting to mention the additional fees to clients, in doing so it opened up a larger regulatory issue. In the wake of the brokerage firm's failure to disclose fees, the SEC revealed a potential hole in regulatory rules that do not require dealers to disclose their markups on such offerings – and the SEC wants to see regulatory action taken on the issue, as it looks at FINRA and another regulator to get the job done.

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Edward Jones agrees to pay $20 million, $5.2 million to clients and...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Edward Jones Agrees To Pay $20 Million SEC Fine, Highlighting Larger Issue

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