Edward Jones was found by federal regulators to have taken secret payments from mutual funds, and steered its customers to those funds. Now, Edward Jones is pushing a new scam—privatizing Social Security—that puts its own interests ahead of its customers and the American people.
http://www.unionvoice.org/campaign/jones============================================================
They are right, this is very frightening...all of those brokerages
really got a slap on the wrist for all of the account churning/fraud/
corporate sponsored recommendations, IPO giveaways to favored customers and so on. The penalty was more like "where's my bribe" payback
by the NY attorney general. Not a single company (Citibank
was one of the worst) had any executive officers go to jail.