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Finra Hits Edward Jones with $1.1M Fine Over Phone Records  

Friday, Dec 30 2022
Regulatory & Compliance
Written by  PFA News

Finra has slapped Edward Jones with a fine of more than $1.1 million for failing to produce phone records requested during 10 of the industry self-regulator’s investigations of the firm. So reports Barron’s.

Edward JonesFinra alleged that Edward Jones wrongly told regulators that records were only available for the last 18 months then didn’t say otherwise when the firm recognized its mistake.

“We take our responsibilities to produce information in regulatory inquiries very seriously and have remedied the issues raised in this matter," an Edward Jones spokesperson said.

Read the full article from Barron's.

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