Edward D. Jones reached a tentative settlement on nine class-action lawsuits for not telling investors it accepted revenue-sharing payments from mutual fund companies to promote their funds, the company announced last Thursday. The settlement still must be approved, however, by the United States District Court for the Eastern District of Missouri.

The $127 million settlement calls for $55 million in cash and $72.5 million in non-cash vouchers to current customers over three years. In addition, the company must cover legal fees.

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