Jones Pays
785 RepliesJump to last post
Bspears, if you could get the truth out of them. It had to be the event to push many of the 3, 4, and 5’s to the indy channel. It was my first thought of “why do I have to justify the failings of others…” My glass of kool-aid turned clear.
great stuff! iwant back all the old school performers like: player, complinace jerk, zacko, Bill Fakkland ... etc. we can roll out old school uniforms and lots of cool topics to try and engage them. I am putting on "Outkast' as we speak. Tee it up old timers.
As I sit here hugging my framed photo of Doug Hill, I’ve decided life is to short. To short to work for myself and enjoy the fruits of my labor. I’ve relized I made a huge mistake by leaving the beloved jones. Life is to short to not be out door knocking, making a million calls on Scamrock Saturdays…bringing that beautiful turkey I won home to my lovely wife. Life is to short to not spew the corporate culture to my fellow Rotarians, Lions club members, my bible study group. (Sip,sip…Jack Daniels is good in the early AM) I’ve tried calling my former RL, but he won’t take my call.(damn) I want back! Has anyone went Indy and then crawled back to jones? Should I reapply and hope for a large office to open up? Maybe I could move to a low rent area of St Louis and work in the Pass Program, maybe even East St Louis. Anyone with help here. I think I may just…I don’t know…anyone…Sip
I’m thinking about putting an application through the jones website. Do you think my name will be black listed? Called my fellow jones now Indy buds…they think I should just pull the trigger before I move back to jones. There you go caddy, I bet if I were still at jones, Weedle would drive to my office to help calm me down…now I trully understand your post. I would love to have Fess stop by and pump me up on the George Putnam fund…I do miss that. I stopped by the local Lowes and purchased some green paint and will repaint my new office this weekend. I wonder if I could rename my new business Ed Joneson Investments…and and…pay myself bonuses…take my wife on great trips…and yes still pay for them. By darn…if they won’t take me back…I’ll just act like I’m there. I won’t, however, call my BOA a dumbass like before!!
Spiffy, could you help someone in need. Could you pull some strings and get me at least 40 million office…no competition.
Sorry Ms. Spears. I’d GKN you, but then I’d really hate for my worst clients to end up with you. I think you need medication and I don’t want that liability out there.
I could afford the medication if I was just back at jones! How about that caddy fellow…could he pull some strings…he seems to know jim and fess and all the top echelon of jones. I would like to take over an office with a retiring, long time and I mean long time,say 30 year broker. Of course, I would want a new buildout…and e-mail, no satellite, caller ID…(recruiters) and a HOT BOA!!! Can you help a person in need?
Posted: Oct. 06 2005 at 6:36am | IP Logged
[quote=xej1984]
noggin,
I PMed you my email address.
[/quote]
That's gonna keep me up at night, wondering...wondering... Did Xej1984 and Noggin ever get together? <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
The plaintive yearning, searching in xej1984's "voice" cuts me to the quick. So Wistful, so sorrowful so so sososo sad. Oh damn those laws of the time/space continuum! Why oh why can't I go back in time to <?:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><?:namespace prefix = u1 />October 6th 2005 and find out what happened?
Whomit, If your not trying to find an avenue for which I may go back to jones into a large office, get off this thread. I'm in need of a koolaid fix and I don't believe your friends with caddy. I plan on breaking into the old edj office and get the picture of Ted with his dog and telling everyone how rich he could be, but he just wants to be poor and live on a farm. I think bachman fooled him into believing he was poor and kept all the money for himself. Have you seen how his widow is living...what a shame. Oh well, I still can't wait to get back to the call sessions, Monday morning videos.
I GOT IT!!! I will walk the trail…sauk trail or whatever the hell its called there in Missouri. I will do it in protest unitl I get a big ass office…with a ton of called bonds and mf trails. I will have cnn cover it…even cry if I need to…swear to never say WEEEEDLE again!! I SWEAR!!!
Bslurrpears, I hear you. Never too early for good conversation and a Bourbon with sunshine and 80’s. I would GKN you, but you will find navigational issues. There are already about 10 Ir’s within 5 miles of my branch. Speaking of Irishmen, Fess, loves to see the bottem of the bottle. I’ve only met him on a DT in Turk’s he’s even more eccentric with a bottle of Jameson in hand.
[quote=skolbrother]
great stuff! iwant back all the old school performers like: player, complinace jerk, zacko, Bill Fakkland ... etc. we can roll out old school uniforms and lots of cool topics to try and engage them. I am putting on "Outkast' as we speak. Tee it up old timers.
[/quote]
Dude you forgot Jonestown. He was the best.
[quote=Whomitmayconcer]
Posted: Oct. 06 2005 at 6:36am | IP Logged
[quote=xej1984]
noggin,
I PMed you my email address.
[/quote]
That's gonna keep me up at night, wondering...wondering... Did Xej1984 and Noggin ever get together? <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
The plaintive yearning, searching in xej1984's "voice" cuts me to the quick. So Wistful, so sorrowful so so sososo sad. Oh damn those laws of the time/space continuum! Why oh why can't I go back in time to <?:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><?:namespace prefix = u1 />October 6th 2005 and find out what happened?
[/quote]
he never pm'ed or emailed me or anything
I haven't felt so sad, since I left jones
[quote=xej1984][quote=Whomitmayconcer]
Posted: Oct. 06 2005 at 6:36am | IP Logged
[quote=xej1984]
noggin,
I PMed you my email address.
[/quote]
That's gonna keep me up at night, wondering...wondering... Did Xej1984 and Noggin ever get together? <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
The plaintive yearning, searching in xej1984's "voice" cuts me to the quick. So Wistful, so sorrowful so so sososo sad. Oh damn those laws of the time/space continuum! Why oh why can't I go back in time to <?:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><?:namespace prefix = u1 />October 6th 2005 and find out what happened?
[/quote]
he never pm'ed or emailed me or anything
I haven't felt so sad, since I left jones
[/quote]
No that is so sad that I felt compelled to answer. I do have what you sent me and definitely appreciate it. While I don't agree with everything you say, the majority is very much spot on. I believe 40M AUM is the number.....
[quote=eddjones654]
Edward Jones' True Colors Aren't PrettyBy James J. Cramer
RealMoney.com Columnist
12/21/2004 9:05 AM EST
So Edward D. Jones wasn't a conservative brokerage house with a boring recommended list meant to keep its clients in healthy shape. Edward Jones simply de-emphasized research entirely, paid little attention to it, and steered people toward funds for kickbacks. During the vast bubble and its subsequent burst, I was impressed that Edward D. Jones seemed to have its feet on the ground, not suggesting wildly inappropriate stocks for its clients. I praised the firm on my radio show for seeming to have its clients' conservative sentiments at heart.
What a chucklehead I was. Instead of pushing inappropriate stocks on clients, Edward Jones could have pushed inappropriate funds on them. Stocks can't give kickbacks, but funds can. What Jones was doing was far worse than just recommending bad stocks.
Monday, this firm agreed to pay a gigantic fine, $75 million, and to stop this outrageous pay-to-play junk where preferred funds got tons of money in return for hefty fees on the back end. To think that this firm cloaked itself in conservative clothes is just outrageous. The company exhibited a stupefying two-facedness that makes me want to scream.
Of course, it will pay the fine and be allowed to stay in business. Everyone gets to stay in business. You would think it was in the Constitution or something, that it was written, that, no matter how outrageous the fiduciary violation, you still are good to go in the financial services business because once you are in, you are in.
When I started my radio show, I alleged that there were a lot of secret revenue-sharing agreements between brokers and funds because otherwise, the really crummy funds would have no customers. Who would deliberately stay with a crummy fund? Who is that stupid?
But I wasn't able to get the documents that told you who was paying to get money and who wasn't. We now have settled the problem when it comes to brokers. Next up? The kickbacks some of these human resources people have been taking to keep their companies with bad funds for the 401(k)s. Some of it will be kickbacks to the companies, others will be under the table. What else is new?
Would anyone mind taking a pledge with me to do what's best for the client over the long term, so both he and the client make big money? Is there anyone willing to raise his right hand and swear he will do his best for his client, not for his firm or himself?
From here, the silence sure seems deafening.
[/quote]
Speaking of strange this post has it all!!! I guess in that last paragraph Cramer had is left hand behind his back with his fingers xrossed!!
Edward Jones' mutual funds investors could receive $127.5 million under a tentative settlement agreement with regard to two class action lawsuits alleging the financial services firm encouraged clients to buy into certain mutual funds without disclosing that it received compensation from those funds.
The deal, which still must be receive final court approval, would allow current customers to receive $72.5 million in credit vouchers, while former Edward Jones customers could claim part of $55 million in cash.
The settlement would bring to a close two-year-old federal and state suits.
St. louis-based Edward Jones paid the Securities and Exchange Commission $75 million in April 2006 to settle charges stemming from a Dec. 22, 2004, order against it by the SEC.
Two separate hearings are set for July 20 to determine whether the proposed settlement should be approved.
Jones has added two more firms to their kickback list. Its a pay to play environment. The GP's will pay fines because they can continue this back door arrangement and make double the current fines annually from it.
Sleaze to the core. Jones brokers with any integrity would get the hell out. Except they have it drilled into them that the firm cares about them and their families. And most who stay believe.