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Edward Jones

If you were a client of Edward Jones in the 90’s you may be eligible to receive a payment from a $75 million arbitration settlement fund. In the mid 90’s, Edward Jones was accused of taking payments from seven mutual fund “families” in exchange for recommending the mutual funds to investors.

These funds were known as “Preferred Families”, and included American Funds, Goldman Sachs Funds, Hartford, Lord Abbett, Federated Investments, Putnam Funds, and Van Kampen Investments. Edward Jones stood to gain tens of millions of dollars in additional revenues annually by recommending funds in these “families”. Investors were not made aware of the company’s added financial incentive for suggesting these funds. The SEC issued an order in 2004 stating that Edward Jones violated several federal securities laws and committed fraud.

To speak to an Edward Jones attorney for more information on this settlement, or if you feel you may have a stake in these funds, you may contact our law offices.

Client Reviews
Alex is a very aggressive and hardworking attorney. Alex settled my Illinois Wage Payment and Collection Act case for double the amount my prior attorney asked for when the lawsuit was originally filed. I highly recommend Alex Loftus for any unpaid wage or commission claims. David R.
Alexander is a very detailed , highly educated attorney. Alexander represented me in a breach of Fiduciary and breach of contract case with a bank. Great job, great recommendations from Alexander on what to do and how to react to their nonsense and lies. we won the cases. Alexander really takes the time to make sure everything is done correctly and within the law. Mike M.
Attorney Loftus is prompt and highly skilled. I am an artist and he was swift to protect my professional work portfolio and contract with his knowledge of copyright law. Attorney Loftus is bold, professional and compassionate. Amber V.