Landmark Lawsuit Filed Against SEC to Protect Future Whistleblowers
SEC Prosecutions

SEC Prosecutions

$75 Million Settlement with St. Louis Broker-Dealer on Revenue Sharing Charges

In the Matter of Edward D. Jones & Co., L.P., Respondent

  • 2004
  • $75 Million

Respondent, one of the largest sellers of brokerage-sold mutual funds in the U.S., internally designated certain of the mutual fund families with which it had selling agreements as “recommended.” However, it allegedly failed to disclose that it received tens of millions of dollars from these fund families via under-the-table revenue sharing arrangements.

Named one of the top whistleblower practices/attorneys in the country by The New York Times, Wall Street Journal and NPR
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