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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
Working with Joe was an absolute pleasure considering the unfortunate situation I was dealing with! He’s very knowledgeable and easy to communicate with. He kept me informed in all aspects of my case in a timely manner. Whenever I contacted him with a question he responded quickly. His expertise came through for me! I would highly recommend him! Joanne
I hired Joe and his firm Stoltmann Law office to represent me in a case where my investment guy had lost a substantial amount of money in my account. He invested in some very speculative energy stocks which should not have been in my portfolio due to my request for a very conservative investment portfolio. I was very impressed and satisfied with the representation and negotiations on my behalf by Joe and Stoltmann Law offices and I would definitely recommend them to anyone who would be in need of a very fine firm. Anonymous
Never having a need to file suit against anyone, let alone a major multi-national brokerage firm, I was at a loss to find a legal firm to assist me. After much searching, I found Stoltmann Law Offices, PC. They were very diligent and professional in the handling of my case and I am glad that I retained their services. I would definitely refer them to anyone seeking similar help. Donald F.