April 27, 2017 10:13 PM ET

Capital Markets

Company Overview of Edward D. Jones & Co., L.P.

Company Overview

Edward D. Jones & Co., L.P., doing business as Edward Jones, provides financial services for individual investors and businesses in the United States, Canada, and the United Kingdom. It offers individual retirement accounts and retirement saving plans; education savings options; estate planning and trust services; account services and tools; and banking services, such as checking and saving options, credit and debit cards, money market accounts, home financing solutions, and home equity loans and lines of credit. The company also provides services for making investments in stocks, mutual funds, annuities, and fixed-income investments. In addition, it provides life insurance, long-term care i...

12555 Manchester Road

St. Louis, MO 63131-3729

United States

Founded in 1922

Phone:

314-515-2000

Fax:

314-515-3269

Key Executives for Edward D. Jones & Co., L.P.

Chief Executive and Managing Partner
Age: 63
Chief Financial Officer
Age: 50
Senior Partner
Age: 77
Senior Partner
Age: 69
Head of Canada Operations
Age: 61
Compensation as of Fiscal Year 2016.

Edward D. Jones & Co., L.P. Key Developments

Edward Jones Announces Retirement of Edward Jones as General Partner for Administration

Norman Eaker, general partner for administration at Edward Jones, he is retiring at the end of 2016. Eaker, who has been with the brokerage 35 years and was named a general partner in 1984, was a member of the partnership's executive, management and audit committees.

The Securities and Exchange Commission Announces Enforcement Actions against 22 Municipal Underwriting Firms for Violations in Municipal Bond Offerings

The Securities and Exchange Commission announced enforcement actions against 22 municipal underwriting firms for violations in municipal bond offerings. The actions are the second round of filings against underwriters under the Municipalities Continuing Disclosure Cooperation (MCDC) Initiative, a voluntary selfreporting program targeting material misstatements and omissions in municipal bond offering documents. In present actions, the SEC found that between 2010 and 2014, the 22 underwriting firms violated federal securities laws by selling municipal bonds using offering documents that contained materially false statements or omissions about the bond issuers’ compliance with continuing disclosure obligations. The SEC also found that the underwriting firms failed to conduct adequate due diligence to identify the misstatements and omissions before offering and selling the bonds to their customers. The 22 firms, which did not admit or deny the findings, agreed to cease and desist from such violations in the future.  Under the terms of the MCDC Initiative, they will pay civil penalties based on the number and size of the fraudulent offerings identified, up to a cap based on the size of the firm. The maximum penalty imposed is $500,000.  In addition, each firm agreed to retain an independent consultant to review its policies and procedures on due diligence for municipal securities underwriting. The SEC's orders and penalty amounts are: Ameritas Investment Corp. – $200,000; BB&T Securities, LLC – $200,000; Comerica Securities, Inc. – $60,000; Commerce Bank Capital Markets Group – $40,000; Country Club Bank – $140,000; Crews & Associates, Inc. – $250,000; DuncanWilliams, Inc. – $250,000; Edward D. Jones & Co., L.P. – $100,000; Estrada Hinojosa & Company, Inc. – $40,000; Fifth Third Securities, Inc. – $20,000; The Frazer Lanier Company, Incorporated – $100,000; J.J.B. Hilliard, W.L. Lyons, LLC – $420,000; Joe Jolly & Co., Inc. – $100,000; Mesirow Financial, Inc. – $100,000; Northland Securities, Inc. – $220,000; NW Capital Markets Inc. – $100,000; PNC Capital Markets LLC – $500,000; Prager & Co., LLC – $100,000; Ross, Sinclaire & Associates, LLC – $220,000; UBS Financial Services, Inc. – $480,000; UMB Bank, N.A. Investment Banking Division – $420,000; and U.S. Bank Municipal Securities Group, a Division of U.S. Bank National Association –$60,000.

Edward Jones Agrees to Pay More Than $20 Million to Settle Claims

Federal regulators said Edward Jones has agreed to pay more than $20 million to settle claims that it overcharged customers in new municipal bond sales. The Securities and Exchange Commission said that $5.2 million of the settlement amount will be distributed to customers whom Edward Jones overcharged. The SEC said the ex-chief of Edward Jones' municipal bond underwriting desk, Stina Wishman, will pay $15,000 and be barred from working in securities for at least two years. The commission said Wishman took new bonds into Edward Jones' own inventory and improperly offered them to customers at higher prices.

Similar Private Companies By Industry

Company Name Region
@Visory LLC United States
1 Road Partners LLC United States
11T Partners, LLC United States
123Jump.com, Inc. United States
1509225 Ontario, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Edward D. Jones & Co., L.P., please visit www.edwardjones.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.