Skip navigation

Jones Pays

or Register to post new content in the forum

785 RepliesJump to last post

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Jul 19, 2005 2:39 am

Keep in mind that no company can place more than 5 people on the list.  And the EDJ 5 landed in the top 6 spots along with the CEO of Anheuser-Busch, which controls more than 50% of the US beer market.  Unbelievable.  But, you have your own business at Jones, right?  The only business I know of where you are on your own, but someone in the background is making sick jack off of your efforts, is where the mafia is taking a cut.  And a big one at that. 

Jul 19, 2005 2:50 am

I just heard that Jones is adding Franklin Templeton to their sacred list.  What a coup on American Funds.  They will no longer have a monopoly on the drones.

Now if they will establish some criteria for removing a fund family.  I mean other than forgetting to make 3mils mortgage payment.  Putnam may be the test case on this one as I think they are removing them one fund at a time starting with Voyager.

Jul 19, 2005 3:26 am

Brokerbob- Thanks for bringing this forum to a new low. I don’t know which is worse, the fact that you actually took the time to type it out or the fact that you actually thought it had some value…

Jul 19, 2005 3:35 am

[quote=joedog]"Reamey, Grant, Clark join ranks of highest-paid execs...Gary Reamey, principal of Edward Jones Canada, is the highest-paid newcomer, based on total annual compensation in 2004. Reamey ranks third overall and received more than $4.67 million."

Yeah, but don't forget this probably in Canadian dollars.

Joedog[/quote]

Unfortunately The SEC only accepts reports in US dollars  

Jul 20, 2005 12:48 pm

[quote=noggin]Brokerbob- Thanks for bringing this forum to a new low. I don't know which is worse, the fact that you actually took the time to type it out or the fact that you actually thought it had some value......[/quote]

You forgot one more "worse" situation .... acknowledging the post with a comment.

Jul 22, 2005 3:02 am

[quote=noggin]Brokerbob- Thanks for bringing this forum to a new low. I don't know which is worse, the fact that you actually took the time to type it out or the fact that you actually thought it had some value......[/quote]

Noggin...aka...meatball

You and Bill F-upped hav no room to talk about other people bringing anything to a new low, the problem is you don't even understand why?

Did you know the good old boy GP's are making that much off your efforts................and you call people stupid ....

Jul 22, 2005 5:57 pm

Leave brokerbob alone.  He is obviously a troubled person, trying to make sense of the screwed up situation at Jones.

Jul 24, 2005 5:48 am

[quote=exdrone]Leave brokerbob alone.  He is obviously a troubled person, trying to make sense of the screwed up situation at Jones.[/quote]

exdrone, well said............................brokerbob and noggin, and Bill F-upped, are all very sick puppies, you know they were raised in the puppie mill and lapped-up way too much Kool Aid........poor things

Jul 25, 2005 9:18 pm

[quote=Player]

[quote=exdrone]Leave brokerbob alone.  He is obviously a troubled person, trying to make sense of the screwed up situation at Jones.[/quote]

exdrone, well said............................brokerbob and noggin, and Bill F-upped, are all very sick puppies, you know they were raised in the puppie mill and lapped-up way too much Kool Aid........poor things

[/quote]

enough already with the emoticons your posts are tedious enough without them.

Jul 27, 2005 3:00 am

compliancejerk

Does the TRUTH HURT

Jul 27, 2005 5:42 pm

no it doesn't hurt as I'm happy to have left ej 3 years ago.

What I've told you in the past (the old forum) holds true today.  Stick to the facts instead adding emoticons to everything (sort of like my kids home made Christmas cards and glitter) please grow up and use sparingly.

Better yet try to make sure that when you post something, please leave your rants at home.   okay?

Aug 7, 2005 6:28 pm

http://www.hoovers.com/free/co/secdoc.xhtml?ID=40868&ipa ge=3614241&doc=0&attach=on

best part to read is

MUTUAL FUND MATTERS

Recently, mutual fund and annuity products have come under increased scrutiny from various state and federal regulatory authorities in connection with several industry issues including market timing, late trading, the failure of various broker-dealers to provide breakpoint discounts to mutual fund purchasers, the sale of certain mutual fund share classes and the manner in which mutual fund and annuity companies compensate broker-dealers.

The Partnership has received information requests and subpoenas from various regulatory and enforcement authorities regarding the Partnership's mutual fund compensation arrangements, mutual fund sales practices and other mutual fund issues. The Partnership is voluntarily cooperating with each inquiry. Also, the Partnership has been named as a defendant in various class actions on behalf of purchasers of recommended mutual funds.

The NASD is examining the practices of certain broker-dealers, including EDJ, with respect to mutual fund net asset value ("NAV") transfer programs during the period from 2002 through June 2004. During this period, the prospectuses of several mutual fund companies provided that under certain circumstances investors were eligible to purchase shares at net asset value (i.e., without any deduction for a sales load). The NASD is investigating whether EDJ and other broker-dealers complied with the terms of the prospectuses with respect to these NAV transfer programs. In response to NASD requests for information, EDJ has identified transactions that involved payments by EDJ customers of front-end sales loads under circumstances where customers may have been eligible to purchase shares at NAV. The NASD has requested documents and information from EDJ, and EDJ is ooperating in the investigation. No determination of any amount that may be due to customers has been made at this time.

On August 5, 2005, the Partnership entered into a consent order with the Missouri Securities Division to resolve the Division's investigation into the Partnership's disclosure of revenue sharing arrangements involving certain mutual fund companies. Under the terms of the consent order, the Partnership is to report on its compliance with its earlier consent orders and agreements with the SEC, USAO, NYSE and NASD regarding revenue sharing as well as reporting on the Partnership's mutual fund research program. In addition, the Partnership agreed to pay a $650,000 civil penalty for the benefit of Missouri's public schools and to pay $850,000 into other specified Missouri educational programs.

Great reading.

Aug 9, 2005 1:16 am

The Associated Press/ST. LOUIS

By CHERYL WITTENAUER
Associated Press Writer

Edward Jones reaches $1.5M settlement

http://www.businessweek.com/ap/financialnews/D8BRQJR00.htm?c ampaign_id=apn_home_down&chan=db

Aug 9, 2005 12:08 pm

Wasn't this a $300 million or more claim?

August 9, 2005

latimes.com : Business   WALL ST. ROUNDUP Judge Upholds Suit Against Edward Jones By Josh Friedman A Sacramento County Superior Court judge on Monday tentatively rejected a move by Edward Jones & Co. to scuttle California Atty. Gen. Bill Lockyer's lawsuit against the brokerage over its mutual fund sales practices.

The brokerage had contended that the suit was preempted by federal law, but Judge Brian Van Kamp tentatively rejected that argument and scheduled a hearing for today. Lockyer claims that Jones violated state corporate securities law by failing to adequately disclose deals that gave its brokers incentives to sell certain mutual funds.
Aug 9, 2005 5:08 pm

More devastating news for Jones. Since the last bombshell ( SEC fines) resulted in a massive increase in profits and a net grwoth of assets, we can surely expect more of the same dire consequences on the heels of this massive, unexpected and absolutely horrific news.

Aug 9, 2005 5:29 pm

bf,

where you bin hiden?  You still crack me up with your "gpenese" speak.  You're equating increase in profits to being fined by the SEC.  I'm sure Mr. Hill is also enjoying his "promotion" that was provided by your firm too?

You still don't get it do you? All those claims of your firm being the most pious when it came to doing what's for the client is following the Tidy Bowl Man in a swirl. 

Aug 9, 2005 6:53 pm

CJ,

Save your breath.  Ingorance is bliss when you work for Jones.

Aug 9, 2005 6:53 pm

Broker settles kickback claims

http://www.kansas.com/mld/kansas/business/12335240.htm

Aug 9, 2005 6:55 pm

It's a pawty....

http://www.cnw.ca/fr/releases/archive/August2005/08/c8159.ht ml

Aug 29, 2005 3:35 pm

Small town offers big financial services

BY DIXIE TERRY
THE SOUTHERN


VIENNA - With a population of just 1,200, Vienna can boast of being the smallest town in the United States offering the financial services of the Edward Jones investment firm.

The Vienna branch opened five years ago and currently has $30 million under management.

John Kreuter, a Metropolis native, has been with Edward Jones since the Vienna office opened. "I enjoy what we do here and plan to be here a long time," he said.

"We won't rival the big boys in St. Louis or Chicago, but we're not so big we can't spend time with a customer," he said on a recent day in his Vine Street office.

Founded in 1871, Edward Jones opened its first satellite office several years later in Mexico, Mo. The founder's son moved there to enjoy small-town life. Small towns continue to be the focus of the company, which now has more offices than any other investment firm - 8,000, located in Canada and England as well as this country.

Since neither Pope nor Pulaski county has an office of the firm, the Vienna office will serve those two counties as well as Johnson.

Kreuter, who has experience in the financial investment field since 1987, serves his customers well. He began as an independent insurance agent, then moved on to become a district manager before being promoted to a fee-based financial planner, a steppingstone to his present position.

"Our assets under management surpass all but one of the five banks in the country," Kreuter said of his employer. "Our goal is to be the largest financial institution in the country."

Kreuter has lived for 25 years in Vienna, where he and his wife, Brenda, a Vienna High School teacher, have raised their children, Russ and Beth. He attended Shawnee Community College before earning a bachelor of science degree from Southern Illinois University Carbondale and then working on a master's at Murray State University in Kentucky.

A member of the Johnson County Chamber of Commerce, Kreuter is actively involved in the community and supports hometown businesses. He and his family attend the First Baptist Church of Metropolis.

Kreuter has attained the designations of Series 6, 63, 65, 26 and 7 after completing tests. That, he said, "allows me to bring a level of sophistication to rural Southern Illinois that surpasses what a banker or broker could offer."

Each of the Edward Jones branches has only two employees. At Vienna, June Hartline serves as an administrative assistant to Kreuter. She was previously employed by a hometown bank for 14 years.

"June offers a degree of professionalism and confidentiality, which is very important in a small town," Kreuter said.

Although the firm's primary target is retirees, Kreuter also can help with financial plans for newlyweds, for parents planning for their children's future education, and other special needs.

"The first thing we do is get acquainted with a client," finding out their needs and how to plan for them, Kreuter said. "We find out what they want," using a model portfolio for a certain age group as a comparison.

Each investment holds a certain risk factor, which Kreuter says he explains in detail to customers "so there are no surprises down the road."

Edward Jones has a product review board of 10 bankers who recommend bonds from a select list, he said. The firm also has 200 banks from which to choose for certificate of deposit investments. "We are someone to be considered when a CD matures," Kreuter suggested.

The firm's offerings include annuities, corporate bonds, municipal bonds, government securities, mutual funds, common stock, preferred stock, individual retirement accounts, Roth IRAs, 401K plans, money-market funds, credit cards and more.

"We're the Wal-Mart of the securities business," Kreuter said. But each customer is given an individualized financial plan to suit his needs.

"We are the problem-solvers of financial planning - it's very important that we have success," Kreuter said. "Our commitment is to always maintain a client-first attitude, to treat people with respect and dignity and to conduct business ethically and professionally."