In a sign of employers’ increasing sensitivity to charges of elder abuse, Edward Jones gave walking papers to Louisiana brokers who were top “producers.”
Former branch office administrator says verbal and physical abuse was facilitated by the two-person office structure characterizing most of Jones’s 13,000-plus branches.
Richard Hendrickson, a 19-year Edward Jones veteran said to produce $2 million on $250 million of client assets, left with two administrators last Friday.
Files putative class-action alleging company-wide policies that disadvantage African Americans from training through territory assignment to account inheritance.
Regulator charges rookie broker who touted himself as one of Illinois’ top retirement strategists with “false” and “exaggerated” claims.
Class-action suit says firm’s “reverse churning scheme” padded firm’s bottom line by moving buy-and-hold fund investors out of commission accounts.
St. Louis-based firm grew advisor headcount by 8% and branches by 14% last year due to higher-than-usual retention and hiring.
Firm’s policy of requiring some advisors to repay up to $75,000 of training costs violates federal labor laws, class-action lawsuit claims.
California broker put a rival broker’s name and number on internet gay solicitation ads.
Managing Partner Jim Weddle scoffs at critics who say firm is crowding out existing brokers with accelerated growth strategy.