Now that regulators have levied enormous fines against
As a result, many believe sales of mutual funds through the firm could fall dramatically, particularly since revenue-sharing agreements generated $90 million, or 45%, of the firm's revenue and $1.1 billion in commissions to the firm's brokers in 2004. Further, it's expected that many of the firm's 9,400 brokers may begin to defect.
For years, Jones has maintained selling agreements with roughly 240 fund providers, but in recent years almost 95% of its fund sales were steered into only seven fund families that participated in the disputed revenue-sharing agreements.
That changed after the