The July 17 news item referring to a $75 million settlement between Edward Jones and the Securities and Exchange Commission over revenue-sharing agreements actually refers to the 2004 case. The SEC reissued its entire administrative proceedings due to a minor change that reflects its recent decision to permit Edward Jones to disclose its revenue-sharing agreements to investors at the time of a mutual fund purchase rather than requiring the firm to do so both at the time of purchase and redemption. MME regrets the error.
Correction
July 18, 2007, 1:00 a.m. EDT 1 Min Read
