a. g. edwards & sons, inc. · a. g. edwards & sons, inc. crd# 4 sec# 8-13580 main office...
Post on 03-Oct-2020
1 Views
Preview:
TRANSCRIPT
BrokerCheck Report
A. G. EDWARDS & SONS, INC.
Section Title
Report Summary
Registration and Withdrawal
Firm History
CRD# 4
1
2
9
Firm Profile 3 - 8
Page(s)
Firm Operations 10 - 32
Disclosure Events 33
About BrokerCheck®
BrokerCheck offers information on all current, and many former, registered securities brokers, and all current and formerregistered securities firms. FINRA strongly encourages investors to use BrokerCheck to check the background ofsecurities brokers and brokerage firms before deciding to conduct, or continue to conduct, business with them.
· What is included in a BrokerCheck report?· BrokerCheck reports for individual brokers include information such as employment history, professional
qualifications, disciplinary actions, criminal convictions, civil judgments and arbitration awards. BrokerCheckreports for brokerage firms include information on a firm’s profile, history, and operations, as well as many of thesame disclosure events mentioned above.
· Please note that the information contained in a BrokerCheck report may include pending actions orallegations that may be contested, unresolved or unproven. In the end, these actions or allegations may beresolved in favor of the broker or brokerage firm, or concluded through a negotiated settlement with noadmission or finding of wrongdoing.
· Where did this information come from?· The information contained in BrokerCheck comes from FINRA’s Central Registration Depository, or
CRD® and is a combination of: o information FINRA and/or the Securities and Exchange Commission (SEC) require brokers and
brokerage firms to submit as part of the registration and licensing process, and o information that regulators report regarding disciplinary actions or allegations against firms or brokers.
· How current is this information?· Generally, active brokerage firms and brokers are required to update their professional and disciplinary
information in CRD within 30 days. Under most circumstances, information reported by brokerage firms, brokersand regulators is available in BrokerCheck the next business day.
· What if I want to check the background of an investment adviser firm or investment adviserrepresentative?
· To check the background of an investment adviser firm or representative, you can search for the firm orindividual in BrokerCheck. If your search is successful, click on the link provided to view the available licensingand registration information in the SEC's Investment Adviser Public Disclosure (IAPD) website athttps://www.adviserinfo.sec.gov. In the alternative, you may search the IAPD website directly or contact yourstate securities regulator at http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/P455414.
· Are there other resources I can use to check the background of investment professionals?· FINRA recommends that you learn as much as possible about an investment professional before
deciding to work with them. Your state securities regulator can help you research brokers and investment adviserrepresentatives doing business in your state.
·Thank you for using FINRA BrokerCheck.
For more information aboutFINRA, visit www.finra.org.
Using this site/information meansthat you accept the FINRABrokerCheck Terms andConditions. A complete list ofTerms and Conditions can befound at
For additional information aboutthe contents of this report, pleaserefer to the User Guidance orwww.finra.org/brokercheck. Itprovides a glossary of terms and alist of frequently asked questions,as well as additional resources.
brokercheck.finra.org
A. G. EDWARDS & SONS, INC.
CRD# 4
SEC# 8-13580
Main Office Location
ONE NORTH JEFFERSON AVE.ST. LOUIS, MO 63103
Mailing Address
ONE NORTH JEFFERSON AVE.ST. LOUIS, MO 63103
Business Telephone Number
314 955-3000
Report Summary for this Firm
This report summary provides an overview of the brokerage firm. Additional information for this firm can be foundin the detailed report.
Disclosure Events
Brokerage firms are required to disclose certaincriminal matters, regulatory actions, civil judicialproceedings and financial matters in which the firm orone of its control affiliates has been involved.
Are there events disclosed about this firm? Yes
The following types of disclosures have beenreported:
Type Count
Regulatory Event 77
Arbitration 265
Bond 3
Firm Profile
This firm is classified as a corporation.
This firm was formed in Delaware on 05/11/1967.
Its fiscal year ends in February.
Firm History
Information relating to the brokerage firm's historysuch as other business names and successions(e.g., mergers, acquisitions) can be found in thedetailed report.
Firm Operations
This brokerage firm is no longer registered withFINRA or a national securities exchange.
www.finra.org/brokercheck User Guidance
1©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
This section provides information relating to the date the brokerage firm ceased doing business and the firm's financialobligations to customers or other brokerage firms.
Registration Withdrawal Information
02/15/2008
No
This firm terminated orwithdrew registration on:
Does this brokerage firm oweany money or securities toany customer or brokeragefirm?
2©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
This firm is classified as a corporation.
This firm was formed in Delaware on 05/11/1967.
CRD#
This section provides the brokerage firm's full legal name, "Doing Business As" name, business and mailingaddresses, telephone number, and any alternate name by which the firm conducts business and where such name isused.
Firm Profile
Firm Names and Locations
Its fiscal year ends in February.
A. G. EDWARDS & SONS, INC.
SEC#
4
8-13580
Main Office Location
Mailing Address
Business Telephone Number
Doing business as A. G. EDWARDS & SONS, INC.
314 955-3000
ONE NORTH JEFFERSON AVE.ST. LOUIS, MO 63103
ONE NORTH JEFFERSON AVE.ST. LOUIS, MO 63103
3©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
This section provides information relating to all direct owners and executive officers of the brokerage firm.
Direct Owners and Executive Officers
Firm Profile
Position
Percentage of Ownership
Is this a public reportingcompany?
Position Start Date
Does this owner direct themanagement or policies ofthe firm?
A.G. EDWARDS, INC.
HOLDING COMPANY
75% or more
No
Domestic Entity
10/2007
Yes
Is this a domestic or foreignentity or an individual?
Legal Name & CRD# (if any):
Position
Percentage of Ownership
Is this a public reportingcompany?
Position Start Date
Does this owner direct themanagement or policies ofthe firm?
ATKIN, MARY MARGARET
DIRECTOR, EXECUTIVE VICE PRESIDENT
Less than 5%
No
Individual
09/1993
Yes
863962
Is this a domestic or foreignentity or an individual?
Legal Name & CRD# (if any):
Position
Percentage of Ownership
Position Start Date
BAGBY, ROBERT LEE
CHAIRMAN OF BOARD OF DIRECTORS
Less than 5%
Individual
10/2007
9985
Is this a domestic or foreignentity or an individual?
Legal Name & CRD# (if any):
4©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Direct Owners and Executive Officers (continued)
Firm Profile
Percentage of Ownership
Is this a public reportingcompany?
Does this owner direct themanagement or policies ofthe firm?
Less than 5%
No
Yes
Position
Percentage of Ownership
Is this a public reportingcompany?
Position Start Date
Does this owner direct themanagement or policies ofthe firm?
BIEBEL, PETER ALAN
SENIOR REGISTERED OPTIONS PRINCIPAL
Less than 5%
No
Individual
03/2005
Yes
722143
Is this a domestic or foreignentity or an individual?
Legal Name & CRD# (if any):
Position
Percentage of Ownership
Is this a public reportingcompany?
Position Start Date
Does this owner direct themanagement or policies ofthe firm?
GRUMKE, CLAY LEONARD
CHIEF LEGAL COUNSEL, VICE PRESIDENT
Less than 5%
No
Individual
03/2007
No
2199350
Is this a domestic or foreignentity or an individual?
Legal Name & CRD# (if any):
HOPKINS, DAVID RICHARD
4802877
Legal Name & CRD# (if any):
5©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Direct Owners and Executive Officers (continued)
Firm Profile
Position
Percentage of Ownership
Is this a public reportingcompany?
Position Start Date
Does this owner direct themanagement or policies ofthe firm?
EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER, TREASURER
Less than 5%
No
Individual
10/2007
Yes
4802877
Is this a domestic or foreignentity or an individual?
Position
Percentage of Ownership
Is this a public reportingcompany?
Position Start Date
Does this owner direct themanagement or policies ofthe firm?
KELLY, DOUGLAS LAIRD
CORPORATE SECRETARY, DIRECTOR, EXECUTIVE VP; CHIEF OPERATINGOF
Less than 5%
No
Individual
10/2007
Yes
2428802
Is this a domestic or foreignentity or an individual?
Legal Name & CRD# (if any):
Position
Percentage of Ownership
Position Start Date
Does this owner direct themanagement or policies ofthe firm?
LUDEMAN, DANIEL JAMES
PRESIDENT AND CHIEF EXECUTIVE OFFICER
Less than 5%
Individual
10/2007
Yes
874126
Is this a domestic or foreignentity or an individual?
Legal Name & CRD# (if any):
6©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Direct Owners and Executive Officers (continued)
Firm Profile
Is this a public reportingcompany?
Does this owner direct themanagement or policies ofthe firm?
No
Yes
Position
Percentage of Ownership
Is this a public reportingcompany?
Position Start Date
Does this owner direct themanagement or policies ofthe firm?
MAHAT, MARC ALAN
COMPLIANCE REGISTERED OPTIONS PRINCIPAL
Less than 5%
No
Individual
04/2007
No
1967091
Is this a domestic or foreignentity or an individual?
Legal Name & CRD# (if any):
Position
Percentage of Ownership
Is this a public reportingcompany?
Position Start Date
Does this owner direct themanagement or policies ofthe firm?
UNDERWOOD, BRIAN CLINTON
DIRECTOR, CHIEF COMPLIANCE OFFICER, SENIOR VICE PRESIDENT
Less than 5%
No
Individual
08/1989
Yes
1229168
Is this a domestic or foreignentity or an individual?
Legal Name & CRD# (if any):
7©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
This section provides information relating to any indirect owners of the brokerage firm.
Indirect Owners
Firm Profile
WACHOVIA CORPORATION
SHAREHOLDER
A.G. EDWARDS, INC.
75% or more
Yes
Domestic Entity
10/2007
Yes
Legal Name & CRD# (if any):
Is this a domestic or foreignentity or an individual?
Company through whichindirect ownership isestablished
Relationship to Direct Owner
Relationship Established
Percentage of Ownership
Does this owner direct themanagement or policies ofthe firm?
Is this a public reportingcompany?
8©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm History
This section provides information relating to any successions (e.g., mergers, acquisitions) involving the firm.
No information reported.
9©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
RegistrationsThis section provides information about the regulators (Securities and Exchange Commission (SEC), self-regulatoryorganizations (SROs), and U.S. states and territories) with which the brokerage firm is currently registered andlicensed, the date the license became effective, and certain information about the firm's SEC registration.
The firm's registration was from 11/19/1929 to 05/29/2008.
This firm is no longer registered.
10©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Types of BusinessThis section provides the types of business, including non-securities business, the brokerage firm is engaged in orexpects to be engaged in.
Other Types of Business
This firm currently conducts 24 types of businesses.
Types of Business
Exchange member engaged in exchange commission business other than floor activities
Exchange member engaged in floor activities
Broker or dealer making inter-dealer markets in corporation securities over-the-counter
Broker or dealer retailing corporate equity securities over-the-counter
Broker or dealer selling corporate debt securities
Underwriter or selling group participant (corporate securities other than mutual funds)
Mutual fund retailer
U S. government securities dealer
U S. government securities broker
Municipal securities dealer
Municipal securities broker
Broker or dealer selling variable life insurance or annuities
Solicitor of time deposits in a financial institution
Real estate syndicator
Put and call broker or dealer or option writer
Broker or dealer selling securities of only one issuer or associate issuers (other than mutual funds)
Broker or dealer selling securities of non-profit organizations (e.g., churches, hospitals)
Investment advisory services
Broker or dealer selling tax shelters or limited partnerships in primary distributions
Broker or dealer selling tax shelters or limited partnerships in the secondary market
Trading securities for own account
Private placements of securities
Broker or dealer selling interests in mortgages or other receivables
Broker or dealer involved in a networking, kiosk or similar arrangment with a: bank, savings bank or association, orcredit union
11©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Types of Business
This firm does effect transactions in commodities, commodity futures, or commodity options.This firm does engage in other non-securities business.
Non-Securities Business Description: A.G. EDWARDS MORTGAGE, LLC - A.G. EDWARDS & SONS, INC. ANDWELLS FARGO HOME MORGAGE HAS FORMED A JOINT VENTURE TOOFFER FIRST AND SECOND MORTGAGES, CONSTRUCTION LOANS,JUMBO MORTGAGES & HOME EQUITY LINES OF CREDIT TO CLIENTSOF A.G. EDWARDS & SONS, INC.
12©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Clearing Arrangements
This firm does hold or maintain funds or securities or provide clearing services for other broker-dealer(s).
Introducing Arrangements
This firm does refer or introduce customers to other brokers and dealers.
Name: CENTENNIAL ASSET MANAGEMENT CORPORATION
Business Address: 6803 SOUTH TUSCON WAYENGLEWOOD, CO 80112
CRD #: 7862
Effective Date: 10/22/1990
Description: A.G. EDWARDS & SONS, INC. (EDWARDS) RECEIVES A FEE FROMCENTENNIAL ASSET MANAGEMENT CORPORATION (CENTENNIAL), ANINVESTMENT MANAGEMENT COMPANY. A PORTION OF ANY CASHBALANCES OF CLIENTS OF EDWARDS MAY BE INVESTED IN FUNDSMANAGED BY CENTENNIAL. EACH OF THE FUNDS HAS ADOPTED ADISTRIBUTION EXPENSE PLAN IN ACCORDANCE WITH THEREQUIREMENTS OF RULE 12(B)-1 UNDER THE INVESTMENT COMPANYACT OF 1940, PURSUANT TO WHICH THE FUND MAY PAY EDWARDSFEES IN CONNECTION WITH THE DISTRIBUTION OF FUNDS.
13©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Industry Arrangements
This firm does not have books or records maintained by a third party.
This firm does not have accounts, funds, or securities maintained by a third party.
This firm does not have customer accounts, funds, or securities maintained by a third party.
This firm does not have individuals who control its management or policies through agreement.
This firm does not have individuals who wholly or partly finance the firm's business.
Control Persons/Financing
14©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization AffiliatesThis section provides information on control relationships the firm has with other firms in the securities, investmentadvisory, or banking business.
This firm is, directly or indirectly:
· in control of· controlled by· or under common control withthe following partnerships, corporations, or other organizations engaged in the securities or investmentadvisory business.
Yes
Yes
No
10/01/2007
901 EAST BYRD STREET, 12TH FLOORRICHMOND, VA 23219
17344
FIRST CLEARING, LLC is under common control with the firm.
THE AFFILIATE IS OWNED BY AFFILIATES THAT ARE WHOLLY OWNED BYWACHOVIA BANK, N.A. WACHOVIA BANK, N.A. IS 100% OWNED BYWACHOVIA CORPORATION. WACHOVIA CORPORATION IS THE ULTIMATEPARENT OF BOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
Yes
Yes
No
10/01/2007
901 EAST BYRD STREETRICHMOND, VA 23219
19616
WACHOVIA SECURITIES, LLC is under common control with the firm.
THE AFFILIATE IS 100% OWNED BY WACHOVIA CORPORATION. WACHOVIACORPORATION IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
15©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
THE AFFILIATE IS 100% OWNED BY WACHOVIA CORPORATION. WACHOVIACORPORATION IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.
Description:
Yes
No
No
10/01/2007
301 SOUTH COLLEGE STREET, TW-87TH FLOORCHARLOTTE, VA 28288
131539
STRUCTURED ASSET INVESTORS, LLC is under common control with the firm.
THE AFFILIATE IS 100% OWNED BY WACHOVIA CORPORATION. WACHOVIACORPORATION IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
Yes
No
No
10/01/2007
794 DAVIS STREETSAN LEANDRO, CA 94577
105802
ATLAS ADVISERS INC is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY GOLDEN WEST FININACIALCORPORATION. GOLDEN WEST FINANCIAL CORPORATION IS 100%OWNED BY WACHOVIA CORPORATION. WACHOVIA CORPORATION IS THEULTIMATE PARENT OF BOTH THE APPLICANT AND AFFILATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
35419
WACHOVIA INSURANCE SERVICES BROKER DEALER, INC. is under common control with the firm.
CRD #: 16©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
No
Yes
No
10/01/2007
227 WEST TRADE STREET, SUITE 1550CHARLOTTE, NC 28202
35419
THE AFFILIATE IS OWNED BY AFFILIATES WHOLLY OWNED BY WACHOVIABANK, N.A. WACHOVIA BANKS, N.A. IS 100% OWNED BY WACHOVIACORPORATION IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
No
No
No
10/01/2007
ONE WACHOVIA CENTER301 S. COLLEGE STREETCHARLOTTE, NC 28288
WACHOVIA CAPITAL PARTNERS 1997, LLC is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA INVESTORS, INC.WACHOVIA INVESTORS INC. IS 100% OWNED BY WACHOVIACORPORATION. WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
No
10/01/2007
ONE WACHOVIA CENTER301 S COLLEGE STREETCHARLOTTE, NC 28288
WACHOVIA CAPITAL PARTNERS 1999-II, LLC is under common control with the firm.
Foreign Entity:
Effective Date:
Business Address:
17©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
No
No
No
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA INVESTORS, INC.WACHOVIA INVESTORS INC. IS 100% OWNED BY WACHOVIACORPORATION. WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Yes
No
No
10/01/2007
10715 DAVID TAYLOR DRIVESUITE 150CHARLOTTE, NC 28262
110667
GOLDEN CAPITAL MANAGEMENT, LLC is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA ALTERNATIVESTRATEGIES, INC. WACHOVIA ALTERNATIVE STRATEGIES, INC. IS 100%OWNED BY WACHOVIA CORPORATION. WACHOVIA CORPORATION IS THEULTIMATE PARENT OF BOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
Yes
Yes
No
10/01/2007
301 SOUTH COLLEGE STREET, SUITE 4000ONE WACHOVIA CENTERCHARLOTTE, NC 28288
WACHOVIA BANK, N.A. is under common control with the firm.
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
18©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
Yes
THE AFFILATE IS 100% OWNED BY WACHOVIA CORPORATION. WACHOVIACORPORATION IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.
Description:
Investment AdvisoryActivities:
No
No
No
10/01/2007
ONE WACHOVIA CENTER301 S. COLLEGE STREETCHARLOTTE, NC 28288
WACHOVIA INVESTORS, INC. is under common control with the firm.
WACHOVIA INVESTORS, INC. IS 100% OWNED BY WACHOVIACORPORATION. WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
Yes
Yes
No
10/01/2007
11440 SAN VINCENTE BOULEVARD, 3RD FLOORLOS ANGELES, CA 90049
30172
METROPOLITAN WEST SECURITIES, LLC is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA BANK, N.A. WACHOVIABANK, N.A. IS 100% OWNED BY WACHOVIA CORPORATION. WACHOVIACORPORATION IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
19©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
No
Yes
ENGLAND
Yes
10/01/2007
LECONFIELD HOUSECURZON STREETLONDON, ENGLAND WIJ-5JA
WACHOVIA SECURITIES INTERNATIONAL LIMITED is under common control with the firm.
THE AFFILIATE IS OWNED BY AFFILIATES WHOLLY OWNED BY WACHOVIABANK, N.A. WACHOVIA BANK, N.A. IS 100% OWNED BY WACHOVIACORPORATION. WACHOIVA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
Yes
No
No
10/01/2007
222 BERKELEY STREETSUITE 2010BOSTON, MA 02116
J.L. KAPLAN ASSOCIATES, LLC is under common control with the firm.
THE AFFILIATE IS OWNED BY AFFILIATES THAT ARE WHOLLY OWNED BYWACHOVIA BANK, N.A. WACHOVIA BANK, N.A. IS 100% OWNED BY WACOVIACORPORATION. WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
10/01/2007
301 S. COLLEGE STREETCHARLOTTE, NC 28288-0601
126292
WACHOVIA CAPITAL MARKETS, LLC is under common control with the firm.
Effective Date:
Business Address:
CRD #:
20©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
No
Yes
No
10/01/2007
THE AFFILIATE IS WHOLLY OWNED BY EVEREN CAPITAL CORPORATION.EVEREN CAPITAL CORPORATION IS 100% OWNED BY WACHOVIACORPORATION. WACHOVIA CORPORATINO IS THEULTIMATE PARENT OFBOTH THE APPLICANT AND AFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Yes
No
No
10/01/2007
800 SOUTH STREETSUITE 195WALTHAM, MA 02453
133333
CALIBRE ADVISORY SERVICES, INC. is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA BANK, N.A. WACHOVIABANK, N.A. IS 100% OWNED BY WACHOVIA CORPORATION. WACHOVIACORPORATION IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
No
No
10/01/2007
ONE WACHOVIA CENTER301 S. COLLEGE STREETCHARLOTTE, NC 28288
WACHOVIA CAPITAL PARTNERS 2004, LLC is under common control with the firm.
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
21©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
No
No
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA INVESTORS, INC.WACHOVIA INVESTORS INC. IS 100% OWNED BY WACHOVIACORPORATION, WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
No
No
No
10/01/2007
ONE WACHOVIA CENTER301 S. COLLEGE STREETCHARLOTTE, NC 28288
WACHOVIA CAPITAL PARTNERS, INC. is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA INVESTORS, INC.WACHOVIA INVESTORS INC. IS 100% OWNED BY WACHOVIACORPORATION, WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
No
No
No
10/01/2007
ONE WACHOVIA CENTERCHARLOTTE, NC 28288
WACHOVIA CAPITAL PARTNERS 2000, LLC is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA INVESTORS, INC.WACHOVIA INVESTORS INC. IS 100% OWNED BY WACHOVIACORPORATION, WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
22©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA INVESTORS, INC.WACHOVIA INVESTORS INC. IS 100% OWNED BY WACHOVIACORPORATION, WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
No
No
No
10/01/2007
ONE WACHOVIA CENTER301 S. COLLEGE STREETCHARLOTTE, NC 28288
WACHOVIA CAPITAL PARTNERS 2003, LLC is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA INVESTORS, INC.WACHOVIA INVESTORS INC. IS 100% OWNED BY WACHOVIACORPORATION, WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
No
No
No
10/01/2000
ONE WACHOVIA CENTER301 S. COLLEGE STREETCHARLOTTE, NC 28288
WACHOVIA CAPITAL PARTNERS 2002, LLC is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA INVESTORS, INC.WACHOVIA INVESTORS INC. IS 100% OWNED BY WACHOVIACORPORATION. WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
ONE WACHOVIA CENTER301 S. COLLEGE STREETCHARLOTTE, NC 28288
WACHOVIA CAPITAL PARTNERS 2001, LLC is under common control with the firm.
Business Address:
23©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
No
No
No
10/01/2007
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA INVESTORS, INC.WACHOVIA INVESTORS INC. IS 100% OWNED BY WACHOVIACORPORATION. WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
No
No
No
10/01/2007
ONE WACHOVIA CENTER301 S. COLLEGE STREETCHARLOTTE, NC 28288
WACHOVIA CAPITAL PARTNERS 1998, LLC is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA INVESTORS, INC.WACHOVIA INVESTORS INC. IS 100% OWNED BY WACHOVIACORPORATION, WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
No
No
No
10/01/2007
ONE WACHOVIA CENTER301 S. COLLEGE STREETCHARLOTTE, NC 28288
WACHOVIA CAPITAL PARTNERS 1998-II, LLC is under common control with the firm.
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
24©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
No
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA INVESTORS, INC.WACHOVIA INVESTORS INC. IS 100% OWNED BY WACHOVIA COPORATION.WACHOVIA CORPORATION IS THE ULTIMATE PARENT OF BOTH THEAPPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
No
No
No
10/01/2007
ONE WACHOVIA CENTER301 S. COLLEGE STREETCHARLOTTE, NC 28288
WACHOVIA CAPITAL PARTNERS 1999, LLC is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA INVESTORS, INC.WACHOVIA INVESTORS INC. IS 100% OWNED BY WACHOVIACORPORATION, WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
No
No
No
10/01/2007
ONE WACHOVIA CENTER301 S. COLLEGE STREETCHARLOTTE, NC 28288
WACHOVIA CAPITAL PARTNERS 2005, LLC is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA INVESTORS, INC.WACHOVIA INVESTORS, INC IS 100% OWNED BY WACHOVIACORPORATION. WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
25©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
No
No
No
10/01/2007
ONE WACHOVIA CENTER301 S. COLLEGE STREETCHARLOTTE, NC 28288
SYNTHETIC FIXED INCOME SECURITIES, INC. is under common control with the firm.
THE AFFILIATE IS 100% OWNED BY WACHOVIA CORPORATION, WACHOVIACORPORATIN IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
No
No
No
10/01/2007
2711 CENTERVILLE ROAD, SUITE 400WILMINGTON, NC 19808
OFFITBANK DERIVATIVES, INC. is under common control with the firm.
THE AFFILIATE IS 100% OWNED BY WACHOVIA CORPORATION. WACHOVIACORPORATION IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
No
No
10/01/2007
511 UNION STREET, SUITE 1820NASHVILLE, TN 37219
FIRST UNTION FINANCIAL INVESTMENTS, INC. is under common control with the firm.
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
26©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
No
No
THE AFFILIATE IS WHOLLY OWNED BY FIRST UNTION HOLDINGS, INC.FIRST UNTION HOLDINGS, INC. IS 100% OWNED BY WACHOVIA BANK, N.A.IS 100% OWNED BY WACHOVIA CORPORATION. WACHOVIA CORPORATIONIS THE ULTIMATE PARENT OF BOTH THE APPLICANT AND THE AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Yes
No
No
10/01/2007
610 NEWPORT CENTER DRIVE, SUITE 1000NEWPORT BEACH, CA 92660
107469
METROPOLITAN WEST CAPITAL MANAGEMENT, LLC is under common control with the firm.
THE AFFILIATE IS OWNED BY AFFILIATES THAT ARE WHOLLY OWNED BYWACHOVIA BANK, N.A. WACHOVIA BANK, N.A. IS 100% OWNED BYWACHOVIA CORPORATION. WACHOVIA CORPORATION IS THE ULTIMATEPARENT OF BOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
Yes
No
No
10/01/2007
301 COUTH COLLEGE STREET7TH FLOORCHARLOTTE, NC 28288
112660
STRUCTURED CREDIT PARTNERS LLC is under common control with the firm.
THE AFFILIATE IS 100% OWNED BY WACHOVIA CORPORATION. WACHOVIACORPORATION IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
27©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
THE AFFILIATE IS 100% OWNED BY WACHOVIA CORPORATION. WACHOVIACORPORATION IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.
Description:
No
No
No
10/01/2007
123 SOUTH BROAD STREETPHILADELPHIA, PA 19109
WACHOVIA PRIVATE CAPITAL, INC. is under common control with the firm.
THE AFFILIATE IS 100% OWNED BY WACHOVIA CORPORATION. WACHOVIACORPORATION IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
Yes
No
No
10/01/2007
401 SOUTH TRYON STREETCHARLOTTE, NC 28202
133204
WACHOVIA ALTERNATIVE STRATEGIES, INC. is under common control with the firm.
WACHOVIA INVESTORS, INC. IS 100% OWNED BY WACHOVIACORPORATION. WACHOVIA CORPORATION IS THE ULTIMATE PARENT OFBOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
10/01/2007
CLARENDON HOUSE2 CHURCH STREETHAMILTON, BERMUDA HM11
EVERGREEN WORLDWIDE DISTRIBUTORS, LTD. is under common control with the firm.
Effective Date:
Business Address:
28©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
No
Yes
BERMUDA
Yes
10/01/2007
THE AFFILIATE IS OWNED BY AFFILIATES THAT ARE WHOLLY OWNED BYWACHOVIA BANK, N.A. WACHOVIA BANK, N.A. IS 100% OWNED BYWACHOVIA CORPORATION. WACHOVIA CORPORATION IS THE ULTIMATEPARENT OF BOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
No
Yes
No
10/01/2007
11440 SAN VINCENTE BOULEVARD, 3RD FLOORLOS ANGELES, CA 90049
487
EVERGREEN INVESTMENT SERVICES, INC. is under common control with the firm.
THE AFFILIATE IS OWNED BY AFFILIATES THAT ARE WHOLLY OWNED BYWACHOVIA BANK, N.A. WACHOVIA BANK, N.A. IS 100% OWNED BYWACHOVIA CORPORATION. WACHOVIA CORPORATION IS THE ULTIMATEPARENT OF BOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
No
No
10/01/2007
200 BERKELEY STREETBOSTON, MA 02116
104594
EVERGREEN INVESTMENT MANAGEMENT CO is under common control with the firm.
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
29©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
Yes
No
THE AFFILIATE IS OWNED BY AFFILIATES THAT ARE WHOLLY OWNED BYWACHOVIA BANK, N.A. WACHOVIA BANK, N.A. IS 100% OWNED BYWACHOVIA CORPORATION. WACHOVIA CORPORATION IS THE ULTIMATEPARENT OF BOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Yes
Yes
No
10/01/2007
901 EAST BYRD STREETRICHMOND, VA 23219
11025
WACHOVIA SECURITIES FINANCIAL NETWORK, LLC is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA SECURITIES FINANCIALHOLDINGS, LLC. WACHOVIA SECURITIES FINANCIAL HOLDINGS, LLC IS 62%OWNED BY WACHOVIA SECURITIES HOLDINGS, LLC AND 38% OWNED BYPRUDENTIAL SECURITIES GROUP, INC. WACHOVIA SECURITIES HOLDINGS,LLC IS WHOLLY OWNED BY EVEREN CAPITAL CORPORATION. EVERENCAPTIAL CORPORATION IS 100% OWNED BY WACHOVIA CORPORATION ISTHE ULTIMATE PARENT OF BOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
Yes
No
ENGLAND
Yes
10/01/2007
CENTURION HOUSE24 MONUMENT STREET, 4TH FLOORLONDON, ENGLAND EC3R 8A2
FIRST INTERNATIONAL ADVISORS, LLC is under common control with the firm.
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
30©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
Yes
THE AFFILIATE IS OWNED BY AFFILIATES THAT ARE WHOLLY OWNED BYWACHOVIA BANK, N.A. WACHOVIA BANK, N.A. IS 100% OWNED BYWACHOVIA CORPORATION. WACHOVIA CORPORATION IS THE ULTIMATEPARENT OF BOTH THE APPLICANT AND AFFILIATE.
Description:
Investment AdvisoryActivities:
Yes
No
No
10/01/2007
6802 PARAGON PLACE, STE. 200RICHMOND, VA 23230-1720
107923
TATTERSALL ADVISORY GROUP INC is under common control with the firm.
THE AFFILIATE IS WHOLLY OWNED BY WACHOVIA BANK, N.A. WACHOVIABANK, N.A. IS 100% OWNED BY WACHOVIA CORPORATION. WACHOVIACORPORATION IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.
Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
Yes
No
No
10/01/2007
ONE NORTH JEFFERSON AVENUEST. LOUIS, MO 63103
136448
GALLATIN ASSET MANAGEMENT, INC. is under common control with the firm.
UNDER COMMON CONTROLDescription:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
CRD #:
31©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Operations
Organization Affiliates (continued)
Yes
No
No
10/01/2007
ONE NORTH JEFFERSON AVENUEST. LOUIS, MO 63103
A.G. EDWARDS TRUST COMPANY FSB is under common control with the firm.
UNDER COMMON CONTROL WITH BD #4 A.G. EDWARDS & SONS, INC.Description:
Investment AdvisoryActivities:
Securities Activities:
Country:
Foreign Entity:
Effective Date:
Business Address:
This firm is directly or indirectly, controlled by the following:
· bank holding company· national bank· state member bank of the Federal Reserve System· state non-member bank· savings bank or association· credit union· or foreign bank
Effective Date:
Business Address:
Description: APPLICANT'S ULTIMATE PARENT
WACHOVIA CORPORATION is a Bank Holding Company and controls the firm.
10/01/2007
301 S COLLEGE STREETCHARLOTTE, NC 28288
32©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure Events
All firms registered to sell securities or provide investment advice are required to disclose regulatory actions, criminal orcivil judicial proceedings, and certain financial matters in which the firm or one of its control affiliates has been involved.For your convenience, below is a matrix of the number and status of disclosure events involving this brokerage firm orone of its control affiliates. Further information regarding these events can be found in the subsequent pages of thisreport.
Final On AppealPending
Regulatory Event 2 75 0
Arbitration N/A 265 N/A
Bond N/A 3 N/A
33©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure Event Details
What you should know about reported disclosure events:
1. BrokerCheck provides details for any disclosure event that was reported in CRD. It also includessummary information regarding FINRA arbitration awards in cases where the brokerage firm wasnamed as a respondent.
2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a brokerage firm is required to disclose a
particular criminal event.3. Disclosure events in BrokerCheck reports come from different sources:
o Disclosure events for this brokerage firm were reported by the firm and/or regulators. When the firmand a regulator report information for the same event, both versions of the event will appear in theBrokerCheck report. The different versions will be separated by a solid line with the reporting sourcelabeled.
4. There are different statuses and dispositions for disclosure events: o A disclosure event may have a status of pending, on appeal, or final.
§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently
being appealed.§ A "final" event has been concluded and its resolution is not subject to change.
o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter,
or (2) an administrative panel in an action brought by a regulator that is contested by the partycharged with some alleged wrongdoing.
§ A "settled" matter generally involves an agreement by the parties to resolve the matter.Please note that firms may choose to settle customer disputes or regulatory matters forbusiness or other reasons.
§ A "resolved" matter usually involves no payment to the customer and no finding ofwrongdoing on the part of the individual broker. Such matters generally involve customerdisputes.
5. You may wish to contact the brokerage firm to obtain further information regarding any of thedisclosure events contained in this BrokerCheck report.
Regulatory - Final
This type of disclosure event involves (1) a final, formal proceeding initiated by a regulatory authority (e.g., a statesecurities agency, self-regulatory organization, federal regulator such as the U.S. Securities and Exchange Commission,foreign financial regulatory body) for a violation of investment-related rules or regulations; or (2) a revocation orsuspension of the authority of a brokerage firm or its control affiliate to act as an attorney, accountant or federalcontractor.
Disclosure 1 of 75
Reporting Source: Regulator
Allegations: THE ENFORCEMENT SECTION OF THE MISSOURI SECURITIES DIVISIONHAS ALLEGED THAT A.G. EDWARDS & SONS, INC. FAILED TO MAKE,MAINTAIN, AND PRESERVE CERTAIN RECORDS.
Current Status: Final
34©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: MISSOURI SECURITIES DIVISION
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
CONSENT
Date Initiated: 04/18/2011
Docket/Case Number: AP-11-14
URL for Regulatory Action:
Principal Product Type: No Product
Other Product Type(s):
Allegations: THE ENFORCEMENT SECTION OF THE MISSOURI SECURITIES DIVISIONHAS ALLEGED THAT A.G. EDWARDS & SONS, INC. FAILED TO MAKE,MAINTAIN, AND PRESERVE CERTAIN RECORDS.
Resolution Date: 04/18/2011
Resolution:
Other Sanctions Ordered:
Sanction Details: RESPONDENT SHALL PAY TO THE MISSOURI SECRETARY OF STATE'SINVESTOR EDUCATION AND PROTECTION FUND THE SUM OF $325,000IMMEDIATELY UPON THE EFFECTIVE DATE OF THIS ORDER. RESPONDENTSHALL PAY TO THE MISSOURI SECRETARY OF STATE'S INVESTORRESTITUTION FUND $350,449, WHICH AMOUNT WILL BE DISTRIBUTED BYTHAT FUND TO 30 INVESTORS AS IDENTIFIED BY THE SECURITIESDIVISION. RESPONDENT SHALL PAY $50,000 AS THE COST OF THISINVESTIGATION. RESPONDENT SHALL PAY ITS OWN COSTS ANDATTORNEYS' FEES WITH RESPECT TO THIS MATTER.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: Monetary/Fine $725,449.00Disgorgement/Restitution
Consent
Disclosure 2 of 75
i
Reporting Source: Regulator
35©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: FINRA
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 02/11/2009
Docket/Case Number: 2007009063601
Principal Product Type: Other
Other Product Type(s): TRACE-ELIGIBLE SECURITIES
Allegations: NASD RULES 2110, 6230(A) - A.G. EDWARDS & SONS, INC. FAILED TOREPORT TO THE TRADE REPORTING AND COMPLIANCE ENGINE (TRACE)TRANSACTIONS IN TRACE-ELIGIBLE SECURITIES WITHIN 15 MINUTES OFTHE TIME OF EXECUTION.
Current Status: Final
Resolution Date: 02/11/2009
Resolution:
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS;THEREFORE, THE FIRM IS CENSURED AND FINED $7,500.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: CensureMonetary/Fine $7,500.00
Acceptance, Waiver & Consent(AWC)
Disclosure 3 of 75
i
Reporting Source: Regulator
Allegations: MSRB RULES G-23(H), G-27 - A.G. EDWARDS & SONS, INC. FAILED TODISCLOSE ITS STATUS AS A FINANCIAL ADVISOR TO AN ISSUER OFMUNICIPAL SECURITIES TO PUBLIC CUSTOMERS WHO PURCHASEDSECURITIES IN THE ISSUER'S UNDERWRITINGS FROM THE FIRM. THE FIRMFAILED TO HAVE A REASONABLE SUPERVISORY SYSTEM TO MONITOR ITSCOMPLIANCE WITH THE DISCLOSURE REQUIREMENTS IN MSRB RULE G-23(H).
Current Status: Final
36©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: FINRA
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 07/16/2008
Docket/Case Number: 2007007116901
Principal Product Type: Debt - Municipal
Other Product Type(s):
MSRB RULES G-23(H), G-27 - A.G. EDWARDS & SONS, INC. FAILED TODISCLOSE ITS STATUS AS A FINANCIAL ADVISOR TO AN ISSUER OFMUNICIPAL SECURITIES TO PUBLIC CUSTOMERS WHO PURCHASEDSECURITIES IN THE ISSUER'S UNDERWRITINGS FROM THE FIRM. THE FIRMFAILED TO HAVE A REASONABLE SUPERVISORY SYSTEM TO MONITOR ITSCOMPLIANCE WITH THE DISCLOSURE REQUIREMENTS IN MSRB RULE G-23(H).
Resolution Date: 07/16/2008
Resolution:
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS;THEREFORE, THE FIRM IS CENSURED AND FINED $10,000.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: CensureMonetary/Fine $10,000.00
Acceptance, Waiver & Consent(AWC)
Disclosure 4 of 75
i
Reporting Source: Regulator
Allegations: ON OR ABOUT JANUARY 1, 1958, A.G. EDWARDS REGISTERED WITH THESECURITIES COMMISSIONER AS A SECURITIES DEALER, WHICH ISCURRENTLY EFFECTIVE. A.G. EDWARDS FAILED TO COMPLY WITH THEFIRM'S WRITTEN PROCEDURES BY ALLOWING A THIRD PARTY TO EFFECTTHE WITHDRAWALS FROM A CUSTOMER'S ACCOUNT WITHOUT THEREQUIRED DOCUMENTS AS REQUIRED BY A.G. EDWARDS' WRITTENPROCEDURES. A.G. EDWARDS ALSO FAILED TO ENFORCE ITS OWNWRITTEN PROCEDURES.
Current Status: Final
37©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: TEXAS
Principal Sanction(s)/ReliefSought:
Reprimand
Other Sanction(s)/ReliefSought:
Date Initiated: 07/14/2008
Docket/Case Number: IC08-CAF-05
URL for Regulatory Action:
Principal Product Type: Other
Other Product Type(s):
ON OR ABOUT JANUARY 1, 1958, A.G. EDWARDS REGISTERED WITH THESECURITIES COMMISSIONER AS A SECURITIES DEALER, WHICH ISCURRENTLY EFFECTIVE. A.G. EDWARDS FAILED TO COMPLY WITH THEFIRM'S WRITTEN PROCEDURES BY ALLOWING A THIRD PARTY TO EFFECTTHE WITHDRAWALS FROM A CUSTOMER'S ACCOUNT WITHOUT THEREQUIRED DOCUMENTS AS REQUIRED BY A.G. EDWARDS' WRITTENPROCEDURES. A.G. EDWARDS ALSO FAILED TO ENFORCE ITS OWNWRITTEN PROCEDURES.
Resolution Date: 07/14/2008
Resolution:
Other Sanctions Ordered: REPRIMAND
Sanction Details: NO OTHER SANCTIONS FOLLOW.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: Monetary/Fine $5,000.00
Order
Disclosure 5 of 75
i
Reporting Source: Regulator
Allegations: SECTION 17(A) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES17A-3 AND 17A-4; NASD RULES 2110, 3010(A) AND (B) AND 3110; FINRAINCORPORATED NYSE RULE 345(A): BETWEEN 2003 AND 2004, TWOFORMER REGISTERED SECURITIES LENDING REPRESENTATIVES OFEDWARDS FACILITATED IMPROPER STOCK LOAN TRANSACTION WITHCOUNTERPARTIES AT ARTIFICIALLY LOW RATES, DIRECTED ORFACILITATED UNWARRANTED PAYMENTS TO FINDERS, AND PARTICIPATEDIN TRANSACTIONS THAT SERVED NO LEGITIMATE INTERS OF THE FIRMBUT BENEFITED COUNTERPARTIES AND FINDERS WHO MADE PAYMENTSBACK TO EDWARDS' REGISTERED STOCK LOAN REPRESENTATIVES.DURING THE RELEVANT PERIOD, EDWARDS LOANED SECURITIES TO, ORBORROWED SECURITIES FROM, FIRMS THAT PAID FINDERS, ALTHOUGHEDWARDS ITSELF DID NOT PAY FINDERS AND HAD A POLICY PROHIBITINGPAYMENTS TO FINDERS. REGISTERED REPRESENTATIVE CAUSEDEDWARDS TO LEND STOCK TO THESE COUNTERPARTIES AT ARTIFICIALLYLOW RATES WITH THE UNDERSTANDING THAT THESE COUNTERPARTIESWOULD GENERATE PROFITS TO BE PAID TO THE FIRM BY ON-LENDINGTHE SECURITIES TO OTHER FIRMS AT BETTER RATES. FIRM FAILED TOESTABLISH A SEPARATE SYSTEM TO FOLLOW UP AND REVIEW TO ENSURETHAT INDIVIDUAL WAS EFFECTIVELY PERFORMING HIS SUPERVISORYRESPONSIBILITIES OR EXERCISING HIS SUPERVISORY AUTHORITY.EDWARDS DID NOT DOCUMENT ANY SUPERVISORY REVIEWSCONDUCTED BY INDIVIDUAL AND IT DID NOT DOCUMENT ANYSUPERVISORY REVIEW OF INDIVIDUAL'S STOCK LOAN TRANSACTIONS.ITS WRITTEN SUPERVISORY PROCEDURES WERE COMBINED WITHOPERATIONAL PROCEDURES AND RELIED ON THE LOANET SYSTEM TOCONDUCT AND SUPERVISE ITS STOCK LOAN DESK BY UTILIZING REPORTSAUTOMATICALLY. THE SUPERVISORY PROCEDURES DID NOT ADDRESSTHE STEPS INDIVIDUALS WERE TO TAKE IN REVIEWING LOANETREPORTS. ALLEGATIONS CONTINUE IN COMMENT SECTION.
Current Status: Final
38©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: FINRA
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 06/27/2008
Docket/Case Number: 2007011877401
Principal Product Type: No Product
Other Product Type(s):
SECTION 17(A) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES17A-3 AND 17A-4; NASD RULES 2110, 3010(A) AND (B) AND 3110; FINRAINCORPORATED NYSE RULE 345(A): BETWEEN 2003 AND 2004, TWOFORMER REGISTERED SECURITIES LENDING REPRESENTATIVES OFEDWARDS FACILITATED IMPROPER STOCK LOAN TRANSACTION WITHCOUNTERPARTIES AT ARTIFICIALLY LOW RATES, DIRECTED ORFACILITATED UNWARRANTED PAYMENTS TO FINDERS, AND PARTICIPATEDIN TRANSACTIONS THAT SERVED NO LEGITIMATE INTERS OF THE FIRMBUT BENEFITED COUNTERPARTIES AND FINDERS WHO MADE PAYMENTSBACK TO EDWARDS' REGISTERED STOCK LOAN REPRESENTATIVES.DURING THE RELEVANT PERIOD, EDWARDS LOANED SECURITIES TO, ORBORROWED SECURITIES FROM, FIRMS THAT PAID FINDERS, ALTHOUGHEDWARDS ITSELF DID NOT PAY FINDERS AND HAD A POLICY PROHIBITINGPAYMENTS TO FINDERS. REGISTERED REPRESENTATIVE CAUSEDEDWARDS TO LEND STOCK TO THESE COUNTERPARTIES AT ARTIFICIALLYLOW RATES WITH THE UNDERSTANDING THAT THESE COUNTERPARTIESWOULD GENERATE PROFITS TO BE PAID TO THE FIRM BY ON-LENDINGTHE SECURITIES TO OTHER FIRMS AT BETTER RATES. FIRM FAILED TOESTABLISH A SEPARATE SYSTEM TO FOLLOW UP AND REVIEW TO ENSURETHAT INDIVIDUAL WAS EFFECTIVELY PERFORMING HIS SUPERVISORYRESPONSIBILITIES OR EXERCISING HIS SUPERVISORY AUTHORITY.EDWARDS DID NOT DOCUMENT ANY SUPERVISORY REVIEWSCONDUCTED BY INDIVIDUAL AND IT DID NOT DOCUMENT ANYSUPERVISORY REVIEW OF INDIVIDUAL'S STOCK LOAN TRANSACTIONS.ITS WRITTEN SUPERVISORY PROCEDURES WERE COMBINED WITHOPERATIONAL PROCEDURES AND RELIED ON THE LOANET SYSTEM TOCONDUCT AND SUPERVISE ITS STOCK LOAN DESK BY UTILIZING REPORTSAUTOMATICALLY. THE SUPERVISORY PROCEDURES DID NOT ADDRESSTHE STEPS INDIVIDUALS WERE TO TAKE IN REVIEWING LOANETREPORTS. ALLEGATIONS CONTINUE IN COMMENT SECTION.
Resolution Date: 06/27/2008
Resolution:
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: CensureMonetary/Fine $300,000.00
Acceptance, Waiver & Consent(AWC)
39©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, RESPONDENT MEMBERFIRM CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OFFINDINGS; THEREFORE, FIRM IS CENSURED AND FINED $300,000.
Regulator Statement EWARDS FAILED TO ESTABLISH, MAINTAIN AND ENFORCE A SYSTEM,INCLUDING WRITTEN SUPERVISORY PROCEDURES, TO SUPERVISE ITSSECURITIES LENDING BUSINESS AND REGISTERED SECURITIES LENDINGREPRESENTATIVES, IN ORDER TO PREVENT AND DETECT FRAUDULENTSTOCK LOAN TRANSACTIONS AND SUPERVISORY SYSTEM REASONABLYDESIGNED TO ACHIEVE COMPLIANCE WITH APPLICABLE SECURITIESLAWS AND REGULATIONS AND FINRA RULES REQUIRES A MEMBER FIRMTO ESTABLISH AND MAINTAIN A SEPARATE SYSTEM OF FOLLOW-UP ANDREVIEW TO ENSURE THAT DELEGATED SUPERVISORY AUTHORITY ANDRESPONSIBILITY ARE BEING PROPERLY EXERCISED. EDWARDS' WRITTENSUPERVISORY PROCEDURES DID NOT SATISFY NASD'S MINIMUMPROCEDURAL STANDARDS AS OUTLINED IN NOTICE TO MEMBERS 99-45BECAUSE THE PROCEDURES DID NOT INCLUDE A DESCRIPTION OF WHATSTOCK LOAN SUPERVISORS WERE TO LOOK FOR IN REVIEWING LOANETAND OTHER SUPERVISORY REPORS, OR THE STEPS TO BE TAKEN IFSUSPICIOUS ACTIVITY WAS DISCOVERED. AS THE RESULT OFSUPERVISORY DEFICIENCIES, EDWARDS FAILED TO DETECT ANDPREVENT INDIVIDUALS FROM ENGAGING IN FRAUDULENT SCHEMES TOPARTICIPATE IN LOAN TRANSACTIONS WITH OTHER FIRMS AT RATES THATWERE INFERIOR TO THE RATES OTHERWISE AVAILABLE TO LENDER INTHE MARKETPLACE, FOR THEIR OWN BENEFIT AND FOR THE BENEFIT OFFAVORED CONTERPARTIES AND FINDERS WHO HAD NOT PERFORMEDANY SERVICES IN THE TRANSACTIONS FOR WHICH THEY WERE PAID. THEFIRM ALSO PERMITTED A REGISTERED STOCK LOAN REPRESENTATIVE,TO SERVE AS ITS SECURITIES LENDING MANAGER DURING THE RELEVANTPERIOD, ALTHOUGH HE HAD NEVER BEEN REGISTERED, APPROVED ORFOUND QUALIFIED BY THE NEW YORK STOCK EXCHANGE. IN ADDITION,EDWARDS FAILED TO RETAIN COPIES OF ALL FACSIMILE TRANSMISSIONSSENT OR RECEIVED BY THE STOCK LOAN DESK.
Sanctions Ordered: CensureMonetary/Fine $300,000.00
Disclosure 6 of 75
i
Reporting Source: Regulator
Allegations: THE FIRM VIOLATED EXCHANGE RULE 320 DURING THE PERIOD FROMAUGUST 2000 THROUGH APRIL 2001, IN THAT THE FIRM FAILED TO ENSUREADHERENCE TO THE FIRM'S WRITTEN SUPERVISORY PROCEDURESRELATING TO THE APPROVAL OF THE LEVEL OF OPTIONS TRADING IN ACUSTOMER'S ACCOUNT, AND FAILED TO ENSURE ADHERENCE EXCHANGERULES 411 AND 922(A)(I).
Current Status: Final
40©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: AMERICAN STOCK EXCHANGE
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
CENSURE
Date Initiated: 04/12/2005
Docket/Case Number: 05-112
Principal Product Type: Options
Other Product Type(s):
THE FIRM VIOLATED EXCHANGE RULE 320 DURING THE PERIOD FROMAUGUST 2000 THROUGH APRIL 2001, IN THAT THE FIRM FAILED TO ENSUREADHERENCE TO THE FIRM'S WRITTEN SUPERVISORY PROCEDURESRELATING TO THE APPROVAL OF THE LEVEL OF OPTIONS TRADING IN ACUSTOMER'S ACCOUNT, AND FAILED TO ENSURE ADHERENCE EXCHANGERULES 411 AND 922(A)(I).
Resolution Date: 03/19/2008
Resolution:
Other Sanctions Ordered: N/A
Sanction Details: N/A
Regulator Statement N/A
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: CensureMonetary/Fine $5,000.00
Stipulation and Consent
Disclosure 7 of 75
i
Reporting Source: Regulator
Allegations: NASD RULE 2110, NASD INTERPRETATIVE MATERIAL 2110-2 - A.G.EDWARDS & SONS, INC. FAILED TO CONTEMPORANEOUSLY OR PARTIALLYEXECUTE CUSTOMER LIMIT ORDERS IN NASDAQ SECURITIES AFTER ITTRADED EACH SUBJECT SECURITY FOR ITS OWN MARKET-MAKINGACCOUNT AT A PRICE THAT WOULD HAVE SATISFIED EACH CUSTOMER'SLIMIT ORDER.
Current Status: Final
41©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: FINRA
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 03/19/2008
Docket/Case Number: 20050016478-01
Principal Product Type: Other
Other Product Type(s): NASDAQ SECURITIES
NASD RULE 2110, NASD INTERPRETATIVE MATERIAL 2110-2 - A.G.EDWARDS & SONS, INC. FAILED TO CONTEMPORANEOUSLY OR PARTIALLYEXECUTE CUSTOMER LIMIT ORDERS IN NASDAQ SECURITIES AFTER ITTRADED EACH SUBJECT SECURITY FOR ITS OWN MARKET-MAKINGACCOUNT AT A PRICE THAT WOULD HAVE SATISFIED EACH CUSTOMER'SLIMIT ORDER.
Resolution Date: 03/19/2008
Resolution:
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS;THEREFORE, THE FIRM IS FINED $5,000.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: Monetary/Fine $5,000.00
Acceptance, Waiver & Consent(AWC)
iReporting Source: Firm
Initiated By: FINRA
Date Initiated: 03/19/2008
Docket/Case Number: 20050016478-01
Allegations: NASD RULE 2110, NASD INTERPRETATIVE MATERIAL 2110-2 - A.G.EDWARDS & SONS, INC. FAILED TO CONTEMPORANEOUSLY OR PARTIALLYEXECUTE CUSTOMER LIMIT ORDERS IN NASDAQ SECURITIES AFTER ITTRADED EACH SUBJECT SECURITY FOR ITS OWN MARKET-MAKINGACCOUNT AT A PRICE THAT WOULD HAVE SATISFIED EACH CUSTOMER'SLIMIT ORDER.
Current Status: Final
42©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Docket/Case Number: 20050016478-01
Principal Product Type: Other
Other Product Type(s): NASDAQ SECURITIES
Resolution Date: 03/19/2008
Resolution:
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS;THEREFORE, THE FIRM IS FINED $5,000.
Sanctions Ordered: Monetary/Fine $5,000.00
Acceptance, Waiver & Consent(AWC)
Disclosure 8 of 75
i
Reporting Source: Regulator
Initiated By: FINRA
Allegations: NASD RULES 2110, 2440, NASD INTERPRETATIVE MATERIAL-2440, MSRBRULES G-17, G-30(A) - A.G. EDWARDS & SONS, INC. SOLD CORPORATEBONDS TO PUBLIC CUSTOMERS AND FAILED TO SELL SUCH BONDS AT APRICE THAT WAS FAIR, TAKING INTO CONSIDERATION ALL RELEVANTCIRCUMSTANCES, INCLUDING MARKET CONDITIONS WITH RESPECT TOEACH BOND AT THE TIME OF THE TRANSACTION, THE EXPENSE INVOLVEDAND THAT THE FIRM WAS ENTITLED TO A PROFIT. THE FIRM PURCHASEDMUNICIPAL SECURITIES FOR ITS OWN ACCOUNT FROM A CUSTOMERAND/OR SOLD MUNICIPAL SECURITIES FOR ITS OWN ACCOUNT TO ACUSTOMER AT AN AGGREGATE PRICE (INCLUDING ANY MARKDOWN ORMARKUP) THAT WAS NOT FAIR AND REASONABLE, TAKING INTOCONSIDERATION ALL RELEVANT FACTORS, INCLUDING THE BESTJUDGMENT OF THE BROKER, DEALER OR MUNICIPAL SECURITIES DEALERAS TO THE FAIR MARKET VALUE OF THE SECURITIES AT THE TIME OFTRANSACTION AND OF ANY SECURITIES EXCHANGED OR TRADED INCONNECTION WITH THE TRANSACTION, THE EXPENSE INVOLVED INEFFECTING THE TRANSACTION, THE FACT THAT THE BROKER, DEALER,OR MUNICIPAL SECURITIES DEALER IS ENTITLED TO A PROFIT AND THETOTAL DOLLAR AMOUNT OF THE TRANSACTION.
Current Status: Final
43©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: FINRA
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 03/04/2008
Docket/Case Number: 2005000474001
Principal Product Type: Debt - Corporate
Other Product Type(s): MUNICIPAL SECURITIES
Resolution Date: 03/04/2008
Resolution:
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS;THEREFORE, THE FIRM IS CENSURED AND FINED $10,000. THE FIRMPREVIOUSLY COMPENSATED ITS CUSTOMERS IN FULL FOR ANY PRICES ITCHARGED CONCERNING THE SUBJECT TRANSACTIONS THAT WEREUNFAIR.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: CensureMonetary/Fine $10,000.00
Acceptance, Waiver & Consent(AWC)
iReporting Source: Firm
Allegations: NASD RULES 2110, 2440, NASD INTERPRETATIVE MATERIAL-2440, MSRBRULES G-17, G-30(A) - A.G. EDWARDS & SONS, INC. SOLD CORPORATEBONDS TO PUBLIC CUSTOMERS AND FAILED TO SELL SUCH BONDS AT APRICE THAT WAS FAIR, TAKING INTO CONSIDERATION ALL RELEVANTCIRCUMSTANCES, INCLUDING MARKET CONDITIONS WITH RESPECT TOEACH BOND AT THE TIME OF THE TRANSACTION, THE EXPENSE INVOLVEDAND THAT THE FIRM WAS ENTITLED TO A PROFIT. THE FIRM PURCHASEDMUNICIPAL SECURITIES FOR ITS OWN ACCOUNT FROM A CUSTOMERAND/OR SOLD MUNICIPAL SECURITIES FOR ITS OWN ACCOUNT TO ACUSTOMER AT AN AGGREGATE PRICE (INCLUDING ANY MARKDOWN ORMARKUP) THAT WAS NOT FAIR AND REASONABLE, TAKING INTOCONSIDERATION ALL RELEVANT FACTORS, INCLUDING THE BESTJUDGMENT OF THE BROKER, DEALER OR MUNICIPAL SECURITIES DEALERAS TO THE FAIR MARKET VALUE OF THE SECURITIES AT THE TIME OFTRANSACTION AND OF ANY SECURITIES EXCHANGED OR TRADED INCONNECTION WITH THE TRANSACTION, THE EXPENSE INVOLVED INEFFECTING THE TRANSACTION, THE FACT THAT THE BROKER, DEALER,OR MUNICIPAL SECURITIES DEALER IS ENTITLED TO A PROFIT AND THETOTAL DOLLAR AMOUNT OF THE TRANSACTION.
Current Status: Final
44©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: FINRA
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 03/04/2008
Docket/Case Number: 20050004710-01
Principal Product Type: Debt - Corporate
Other Product Type(s): MUNICIPAL SECURITIES
NASD RULES 2110, 2440, NASD INTERPRETATIVE MATERIAL-2440, MSRBRULES G-17, G-30(A) - A.G. EDWARDS & SONS, INC. SOLD CORPORATEBONDS TO PUBLIC CUSTOMERS AND FAILED TO SELL SUCH BONDS AT APRICE THAT WAS FAIR, TAKING INTO CONSIDERATION ALL RELEVANTCIRCUMSTANCES, INCLUDING MARKET CONDITIONS WITH RESPECT TOEACH BOND AT THE TIME OF THE TRANSACTION, THE EXPENSE INVOLVEDAND THAT THE FIRM WAS ENTITLED TO A PROFIT. THE FIRM PURCHASEDMUNICIPAL SECURITIES FOR ITS OWN ACCOUNT FROM A CUSTOMERAND/OR SOLD MUNICIPAL SECURITIES FOR ITS OWN ACCOUNT TO ACUSTOMER AT AN AGGREGATE PRICE (INCLUDING ANY MARKDOWN ORMARKUP) THAT WAS NOT FAIR AND REASONABLE, TAKING INTOCONSIDERATION ALL RELEVANT FACTORS, INCLUDING THE BESTJUDGMENT OF THE BROKER, DEALER OR MUNICIPAL SECURITIES DEALERAS TO THE FAIR MARKET VALUE OF THE SECURITIES AT THE TIME OFTRANSACTION AND OF ANY SECURITIES EXCHANGED OR TRADED INCONNECTION WITH THE TRANSACTION, THE EXPENSE INVOLVED INEFFECTING THE TRANSACTION, THE FACT THAT THE BROKER, DEALER,OR MUNICIPAL SECURITIES DEALER IS ENTITLED TO A PROFIT AND THETOTAL DOLLAR AMOUNT OF THE TRANSACTION.
Resolution Date: 03/04/2008
Resolution:
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTEDTO THE DESCRIBED SANCTIONS AND TO THE ENTRY OF FINDINGS;THEREFORE, THE FIRM IS CENSURED AND FINED $10,000. THE FIRMPREVIOUSLY COMPENSATED ITS CUSTOMERS IN FULL FOR ANY PRICES ITCHARGED CONCERNING THE SUBJECT TRANSACTIONS.
Sanctions Ordered: CensureMonetary/Fine $10,000.00
Acceptance, Waiver & Consent(AWC)
Disclosure 9 of 75
i
Reporting Source: Regulator
Allegations: AGE FAILED TO EXERCISE REASONABLE SUPERVISION OVERREGISTERED REPRESENTATIVE HOWARD "BUCK" MCHUGH ANDPERMITTED MCHUGH TO COLD-CALL RETIREES, TRADE IN CLIENTACCOUNTS WITHOUT AUTHORIZATION. MCHUGH ENGAGED IN CHURNING,DAY-TRADING AND FREE-RIDING IN SUCH ACCOUNTS. AGE FAILED TOFORMALLY DISCIPLINE MCHUGH, PERMITTING HIM TO SWITCH BRANCHESMULTIPLE TIMES AND NOT INFORMING SUBSEQUENT MANAGERS OFMCHUGH'S PRIOR ACTS.
Current Status: Final
45©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: MASSACHUSETTS
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
CEASE & DESIST; CENSURE; COMPENSATION TO INVESTORS FOR LOSSESAS A RESULT OF THE ALLEGED WRONGDOING; INVESTIGATORY COSTS;ANY SUCH FURTHER ACTION DEEMED JUST AND APPROPRIATE FOR THEPROTECTION OF INVESTORS
Date Initiated: 12/05/2007
Docket/Case Number: E-2005-0001
URL for Regulatory Action:
Principal Product Type: No Product
Other Product Type(s):
Allegations: AGE FAILED TO EXERCISE REASONABLE SUPERVISION OVERREGISTERED REPRESENTATIVE HOWARD "BUCK" MCHUGH ANDPERMITTED MCHUGH TO COLD-CALL RETIREES, TRADE IN CLIENTACCOUNTS WITHOUT AUTHORIZATION. MCHUGH ENGAGED IN CHURNING,DAY-TRADING AND FREE-RIDING IN SUCH ACCOUNTS. AGE FAILED TOFORMALLY DISCIPLINE MCHUGH, PERMITTING HIM TO SWITCH BRANCHESMULTIPLE TIMES AND NOT INFORMING SUBSEQUENT MANAGERS OFMCHUGH'S PRIOR ACTS.
Resolution Date: 11/28/2008
Resolution:
Other Sanctions Ordered: ACCOUNTING.
Sanction Details: RESTITUTION TO ALL INVESTORS LISTED IN CONSENT ORDER, EXHIBIT 1.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: CensureDisgorgement/RestitutionCease and Desist/Injunction
Consent
iReporting Source: Firm
Allegations: AGE FAILED TO EXERCISE REASONABLE SUPERVISION OVERREGISTERED REPRESENTATIVE HOWARD "BUCK" MCHUGH ANDPERMITTED MCHUGH TO COLD-CALL RETIREES, TRADE IN CLIENTACCOUNTS WITHOUT AUTHORIZATION. MCHUGH ENGAGED IN CHURNING,DAY-TRADING AND FREE-RIDING IN SUCH ACCOUNTS. AGE FAILED TOFORMALLY DISCIPLINE MCHUGH, PERMITTING HIM TO SWITCH BRANCHESMULTIPLE TIMES AND NOT INFORMING SUBSEQUENT MANAGERS OFMCHUGH'S PRIOR ACTS.
Current Status: Pending
46©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: MASSACHUSETTS
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
CEASE & DESIST; CENSURE; COMPENSATION TO INVESTORS FOR LOSSESAS A RESULT OF THE ALLEGED WRONGDOING; INVESTIGATORY COSTS;ANY SUCH FURTHER ACTION DEEMED JUST AND APPROPRIATE FOR THEPROTECTION OF INVESTORS
Date Initiated: 12/05/2007
Docket/Case Number: E-2005-0001
Principal Product Type: No Product
Other Product Type(s):
Allegations: AGE FAILED TO EXERCISE REASONABLE SUPERVISION OVERREGISTERED REPRESENTATIVE HOWARD "BUCK" MCHUGH ANDPERMITTED MCHUGH TO COLD-CALL RETIREES, TRADE IN CLIENTACCOUNTS WITHOUT AUTHORIZATION. MCHUGH ENGAGED IN CHURNING,DAY-TRADING AND FREE-RIDING IN SUCH ACCOUNTS. AGE FAILED TOFORMALLY DISCIPLINE MCHUGH, PERMITTING HIM TO SWITCH BRANCHESMULTIPLE TIMES AND NOT INFORMING SUBSEQUENT MANAGERS OFMCHUGH'S PRIOR ACTS.
Disclosure 10 of 75
i
Reporting Source: Firm
Initiated By: STATE OF SOUTH CAROLINA
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
CONSENT ORDER
Date Initiated: 09/02/2005
Docket/Case Number: FILE NUMBER 03049
Principal Product Type: Other
Other Product Type(s):
Allegations: ALLEGED THAT CERTAIN REGISTERED REPRESENTATIVES IN THEAUGUSTA, GEORGIA AND SUMTER, SOUTH CAROLINA, BRANCH OFFICESOF A.G. EDWARDS HAD ENGAGED IN ACTS OR PRACTICES CONSTITUTINGVIOLATIONS OF THE ACT.
Current Status: Final
Resolution: Order 47©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Resolution Date: 08/22/2007
Resolution:
Other Sanctions Ordered:
Sanction Details: A.G. EDWARDS SHALL PAY $35,000 TO THE DIVISION AS REIMBURSEMENTOF A PORTION OF THE DIVISION'S INVESTIGATIVE COSTS INCURRED. A.G.EDWARDS SHALL PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF$540,000 TO BE PAID AS FOLLOWS: ONE-THIRD BY SEPTEMBER 1, 2007,ONE-THIRD BY SEPTEMBER 1, 2008, AND THE REMAINING ONE-THIRD BYSEPTEMBER 1, 2009.
Firm Statement FROM 1996 THROUGH 2001 IN THE AUGUSTA, GEORGIA BRANCH ANDFROM 1990 THROUGH 2003 IN THE SUMTER, SOUTH CAROLINA BRANCH,A.G. EDWARDS VIOLATED THE ACT BY ALLOWING ONE OR MORE OF ITSREGISTERED REPRESENTATIVES TO (1)INCORRECTLY COMPLETE NEWACCOUNT DOCUMENTATION, (2)MAKE UNSUITABLE RECOMMENDATIONS,(3)EXECUTE UNAUTHORIZED TRANSACTIONS, (4)OTHERWISE VIOLATETHE ACT, (5)BY FAILING TO SUPERVISE ITS REGISTEREDREPRESENTATIVES IN VIOLATION OF S.C. CODE OF REGULATIONS 113-25A(3),A(4),A(21), AND ARTICLE III, SECTIONS 1,2(A),19(A), NASD RULES OFFAIR PRACTICE.
Sanctions Ordered: Monetary/Fine $540,000.00
Order
Disclosure 11 of 75
i
Reporting Source: Regulator
Initiated By: ILLINOIS
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
NOTICE OF HEARING
1) REVOCATION OR SUSPENSION OF SALESPERSON AND/OR DEALERREGISTRATION
2) ORDER OF PROHIBITION AGAINST OFFER AND SALE OF SECURITIES
3) $10,000 FINE PER VIOLATION
Date Initiated: 05/18/2007
Docket/Case Number: 0600669
URL for Regulatory Action:
Principal Product Type: Equity Listed (Common & Preferred Stock)
Other Product Type(s):
Allegations: ORDER OF DISMISSAL PURSUANT TO SETTLEMENT AGREEMENT.WACHOVIA SECURITIES, LLC PAID A $50,000 MONETARY AMOUNT ANDAGREED TO TAKE CERTAIN REMEDIAL MEASURES. THE MATTER WASSETTLED WITHOUT ANY SANCTIONS AGAINST MS. WIEGAND.
Current Status: Final
48©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanction(s)/ReliefSought:
NOTICE OF HEARING
1) REVOCATION OR SUSPENSION OF SALESPERSON AND/OR DEALERREGISTRATION
2) ORDER OF PROHIBITION AGAINST OFFER AND SALE OF SECURITIES
3) $10,000 FINE PER VIOLATION
Resolution Date: 06/18/2009
Resolution:
Other Sanctions Ordered: UNDER TOOK CHANGES TO TRAINING AND COMPLIANCE RELATED TOPROHIBITED TRANSACTIONS UNDER ERISA
Sanction Details: ORDER OF DISMISSAL
Regulator Statement NOTICE OF HEARING WAS ISSUED MAY 18, 2007. AMENDED NOTICE OFHEARING WAS ISSUED OCTOBER 10, 2007. SECOND AMENDED NOTICE OFHEARING WAS ISSUED JANUARY 4, 2008. THE HEARING IS SCHEDULEDFOR APRIL 15, 2008. ORDER OF DISMISSAL WAS ISSUED JUNE 18, 2009.CONTACT (217) 785-4947
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: Monetary/Fine $50,000.00
Order
iReporting Source: Firm
Allegations: FAILURE TO SUPERVISE DECEPTIVE OR FRAUDULENT SECURITIESTRANSACTIONS.**AMENDED NOTICE OF HEARING SECURITIES FRAUD.ALLEGATIONS ADDED 1/4/2008 - AMENDED NOTICE OF HEARINGSECURITIES FRAUD 1) SUZANNE WIEGAND ENGAGED IN FRAUDULENTAND/OR DECEPTIVE SECURITIES TRANSACTIONS BY ACTING AS THESALESPERSON OR INVESTMENT ADVISOR REP FOR SEVERAL PENSIONFUND ACCOUNTS FOR WHICH HER FATHER WAS THE TRUSTEE AND WHODIRECTED TRANSACTIONS TO HER ACCOUNT FOR PURPOSES OFGENERALING COMMISSION 2) A.G. EDWARDS (NOT KNOW AS WACHOVIASECURITIES, LLC) KNEW OR SHOULD HAVE KNOWN OF THE ABOVEACTIVITIES AND FAILED TO TAKE REASONABLE SUPERVISORY STEPS TOPREVENT OR STOP THE ILLEGAL ACTIVITIES
Current Status: Pending
49©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: STATE OF ILLINOIS
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
NOTICE OF HEARING 1)REVOCATION OR SUSPENSION OF SALESPERSONAND/OR DEALER REGISTRATION 2) ORDER OF PROHIBITION AGAINSTOFFER AND SALE OF SECURITIES 3)10,000 FINE PER VIOLATION.
Date Initiated: 05/18/2007
Docket/Case Number: 0600669
Principal Product Type: Equity Listed (Common & Preferred Stock)
Other Product Type(s):
FAILURE TO SUPERVISE DECEPTIVE OR FRAUDULENT SECURITIESTRANSACTIONS.**AMENDED NOTICE OF HEARING SECURITIES FRAUD.ALLEGATIONS ADDED 1/4/2008 - AMENDED NOTICE OF HEARINGSECURITIES FRAUD 1) SUZANNE WIEGAND ENGAGED IN FRAUDULENTAND/OR DECEPTIVE SECURITIES TRANSACTIONS BY ACTING AS THESALESPERSON OR INVESTMENT ADVISOR REP FOR SEVERAL PENSIONFUND ACCOUNTS FOR WHICH HER FATHER WAS THE TRUSTEE AND WHODIRECTED TRANSACTIONS TO HER ACCOUNT FOR PURPOSES OFGENERALING COMMISSION 2) A.G. EDWARDS (NOT KNOW AS WACHOVIASECURITIES, LLC) KNEW OR SHOULD HAVE KNOWN OF THE ABOVEACTIVITIES AND FAILED TO TAKE REASONABLE SUPERVISORY STEPS TOPREVENT OR STOP THE ILLEGAL ACTIVITIES
Firm Statement NOTICE OF HEARING WAS ISSUED MAY 18, 2007. AMENDED NOTICE OFHEARING WAS ISSUED OCTOBER 10, 2007. SECOND AMENDED NOTICE OFHEARING WAS ISSUED JANUARY 4, 2008. THE HEARING IS SCHEDULEDFOR APRIL 15, 2008. CONTACT (217) 785-4947
Disclosure 12 of 75
i
Reporting Source: Regulator
Allegations: SEC ADMINISTRATIVE PROCEEDING RELEASE NO. 34-55692, MAY 2, 2007;BETWEEN AT LEAST JANUARY 2001 AND SEPTEMBER 2003, A.G. EDWARDS& SONS, INC. ("AG EDWARDS" OR "RESPONDENT") FAILED REASONABLYTO SUPERVISE CERTAIN OF ITS REGISTERED "FINANCIALCONSULTANTS" ("FCS") WITH A VIEW TO PREVENTING THEIR VIOLATIONSOF THE FEDERAL SECURITIES LAWS. DURING THE RELEVANT TIMEPERIOD, REGISTERED FCS IN SEVERAL OF AG EDWARDS' BRANCHOFFICES ENGAGED IN ILLEGAL MARKET TIMING SCHEMES ON BEHALF OFCUSTOMERS, INCLUDING SEVERAL LARGE HEDGE FUNDS.2 THESE FCSDEFRAUDED OVER 200 MUTUAL FUNDS FROM APPROXIMATELY 50DIFFERENT MUTUAL FUND COMPANIES AND THEIR SHAREHOLDERS BYENGAGING IN DECEPTIVE PRACTICES DESIGNED TO CIRCUMVENTRESTRICTIONS THAT THE MUTUAL FUNDS IMPOSED ON MARKET TIMING.THROUGH THESE ACTIVITIES THE FCS VIOLATED THE ANTIFRAUDPROVISIONS OF THE FEDERAL SECURITIES LAWS. AG EDWARDS FAILEDREASONABLY TO SUPERVISE ITS FCS WITH A VIEW TO DETECTING ANDPREVENTING THEIR ILLEGAL MARKET TIMING SCHEMES. AG EDWARDSFAILED TO ADOPT REASONABLE POLICIES, PROCEDURES OR SYSTEMSTO MONITOR MARKET TIMING IN ORDER TO DETECT AND PREVENT ITSFCS' MISCONDUCT. IN PARTICULAR, AG EDWARDS FAILED TO DEVELOPREASONABLE POLICIES, PROCEDURES OR SYSTEMS FOR MONITORINGAND RESPONDING TO RED FLAGS INDICATING THAT ITS FCS WERE USINGDECEPTIVE PRACTICES. IN ADDITION, AG EDWARDS FAILED TOIMPLEMENT REASONABLE POLICIES, PROCEDURES OR SYSTEMS TOMONITOR WHETHER ITS FCS DISCONTINUED THEIR ABUSIVE TRADING INRESPONSE TO REQUESTS BY MUTUAL FUND COMPANIES. AS A RESULT OFTHE CONDUCT DESCRIBED ABOVE, CERTAIN OF AG EDWARDS' FCSWILLFULLY VIOLATED SECTION 17(A) OF THE SECURITIES ACT, SECTION10(B) OF THE EXCHANGE ACT AND RULE 10B-5 THEREUNDER WHICHPROHIBIT FRAUDULENT CONDUCT IN CONNECTION WITH THE OFFER,PURCHASE OR SALE OF SECURITIES. AG EDWARDS ALSO FAILEDREASONABLY TO SUPERVISE ITS FCS WITH A VIEW TO PREVENTING THEIRWILLFUL VIOLATIONS OF THE FEDERAL SECURITIES LAWS.
Current Status: Final
50©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 05/02/2007
Docket/Case Number: FILE NO. 3-12624
Principal Product Type: No Product
Other Product Type(s):
SEC ADMINISTRATIVE PROCEEDING RELEASE NO. 34-55692, MAY 2, 2007;BETWEEN AT LEAST JANUARY 2001 AND SEPTEMBER 2003, A.G. EDWARDS& SONS, INC. ("AG EDWARDS" OR "RESPONDENT") FAILED REASONABLYTO SUPERVISE CERTAIN OF ITS REGISTERED "FINANCIALCONSULTANTS" ("FCS") WITH A VIEW TO PREVENTING THEIR VIOLATIONSOF THE FEDERAL SECURITIES LAWS. DURING THE RELEVANT TIMEPERIOD, REGISTERED FCS IN SEVERAL OF AG EDWARDS' BRANCHOFFICES ENGAGED IN ILLEGAL MARKET TIMING SCHEMES ON BEHALF OFCUSTOMERS, INCLUDING SEVERAL LARGE HEDGE FUNDS.2 THESE FCSDEFRAUDED OVER 200 MUTUAL FUNDS FROM APPROXIMATELY 50DIFFERENT MUTUAL FUND COMPANIES AND THEIR SHAREHOLDERS BYENGAGING IN DECEPTIVE PRACTICES DESIGNED TO CIRCUMVENTRESTRICTIONS THAT THE MUTUAL FUNDS IMPOSED ON MARKET TIMING.THROUGH THESE ACTIVITIES THE FCS VIOLATED THE ANTIFRAUDPROVISIONS OF THE FEDERAL SECURITIES LAWS. AG EDWARDS FAILEDREASONABLY TO SUPERVISE ITS FCS WITH A VIEW TO DETECTING ANDPREVENTING THEIR ILLEGAL MARKET TIMING SCHEMES. AG EDWARDSFAILED TO ADOPT REASONABLE POLICIES, PROCEDURES OR SYSTEMSTO MONITOR MARKET TIMING IN ORDER TO DETECT AND PREVENT ITSFCS' MISCONDUCT. IN PARTICULAR, AG EDWARDS FAILED TO DEVELOPREASONABLE POLICIES, PROCEDURES OR SYSTEMS FOR MONITORINGAND RESPONDING TO RED FLAGS INDICATING THAT ITS FCS WERE USINGDECEPTIVE PRACTICES. IN ADDITION, AG EDWARDS FAILED TOIMPLEMENT REASONABLE POLICIES, PROCEDURES OR SYSTEMS TOMONITOR WHETHER ITS FCS DISCONTINUED THEIR ABUSIVE TRADING INRESPONSE TO REQUESTS BY MUTUAL FUND COMPANIES. AS A RESULT OFTHE CONDUCT DESCRIBED ABOVE, CERTAIN OF AG EDWARDS' FCSWILLFULLY VIOLATED SECTION 17(A) OF THE SECURITIES ACT, SECTION10(B) OF THE EXCHANGE ACT AND RULE 10B-5 THEREUNDER WHICHPROHIBIT FRAUDULENT CONDUCT IN CONNECTION WITH THE OFFER,PURCHASE OR SALE OF SECURITIES. AG EDWARDS ALSO FAILEDREASONABLY TO SUPERVISE ITS FCS WITH A VIEW TO PREVENTING THEIRWILLFUL VIOLATIONS OF THE FEDERAL SECURITIES LAWS.
Resolution Date: 05/02/2007
Resolution:
Other Sanctions Ordered: UNDERTAKINGS
Sanction Details: RESPONDENT HAS SUBMITTED AN OFFER OF SETTLEMENT WITHOUTADMITTING OR DENYING THE FINDINGS, RESPONDENT CONSENTS TO THEENTRY OF THIS ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS,MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS. ACCORDINGLY,PURSUANT TO SECTION 15(B) OF THE EXCHANGE ACT, IT IS ORDEREDTHAT: AG EDWARDS IS CENSURED. IT IS FURTHER ORDERED THAT: AGEDWARDS SHALL, WITHIN 30 DAYS OF THE ENTRY OF THIS ORDER, PAYDISGORGEMENT OF $1,930,000, PREJUDGMENT INTEREST OF $430,000AND A CIVIL MONEY PENALTY OF $1,500,000, FOR A TOTAL PAYMENT OF$3,860,000. AG EDWARDS UNDERTAKES THE FOLLOWING: AG EDWARDSSHALL RETAIN, WITHIN 60 DAYS OF THE DATE OF ENTRY OF THIS ORDER,THE SERVICES OF AN INDEPENDENT CONSULTANT NOT UNACCEPTABLETO THE STAFF OF THE COMMISSION. AG EDWARDS SHALL EXCLUSIVELYBEAR ALL COSTS, INCLUDING COMPENSATION AND EXPENSES,ASSOCIATED WITH THE RETENTION OF THE INDEPENDENT CONSULTANT.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: CensureMonetary/Fine $1,500,000.00Disgorgement/Restitution
Order
51©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
RESPONDENT HAS SUBMITTED AN OFFER OF SETTLEMENT WITHOUTADMITTING OR DENYING THE FINDINGS, RESPONDENT CONSENTS TO THEENTRY OF THIS ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS,MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS. ACCORDINGLY,PURSUANT TO SECTION 15(B) OF THE EXCHANGE ACT, IT IS ORDEREDTHAT: AG EDWARDS IS CENSURED. IT IS FURTHER ORDERED THAT: AGEDWARDS SHALL, WITHIN 30 DAYS OF THE ENTRY OF THIS ORDER, PAYDISGORGEMENT OF $1,930,000, PREJUDGMENT INTEREST OF $430,000AND A CIVIL MONEY PENALTY OF $1,500,000, FOR A TOTAL PAYMENT OF$3,860,000. AG EDWARDS UNDERTAKES THE FOLLOWING: AG EDWARDSSHALL RETAIN, WITHIN 60 DAYS OF THE DATE OF ENTRY OF THIS ORDER,THE SERVICES OF AN INDEPENDENT CONSULTANT NOT UNACCEPTABLETO THE STAFF OF THE COMMISSION. AG EDWARDS SHALL EXCLUSIVELYBEAR ALL COSTS, INCLUDING COMPENSATION AND EXPENSES,ASSOCIATED WITH THE RETENTION OF THE INDEPENDENT CONSULTANT.
iReporting Source: Firm
Allegations: SEC ADMINISTRATIVE PROCEEDING RELEASE NO. 34-55692, MAY 2, 2007;BETWEEN AT LEAST JANUARY 2001 AND SEPTEMBER 2003, A.G. EDWARDS& SONS, INC. ("AG EDWARDS" OR "RESPONDENT") FAILED REASONABLYTO SUPERVISE CERTAIN OF ITS REGISTERED "FINANCIALCONSULTANTS" ("FCS") WITH A VIEW TO PREVENTING THEIR VIOLATIONSOF THE FEDERAL SECURITIES LAWS. DURING THE RELEVANT TIMEPERIOD, REGISTERED FCS IN SEVERAL OF AG EDWARDS' BRANCHOFFICES ENGAGED IN ILLEGAL MARKET TIMING SCHEMES ON BEHALF OFCUSTOMERS, INCLUDING SEVERAL LARGE HEDGE FUNDS.2 THESE FCSDEFRAUDED OVER 200 MUTUAL FUNDS FROM APPROXIMATELY 50DIFFERENT MUTUAL FUND COMPANIES AND THEIR SHAREHOLDERS BYENGAGING IN DECEPTIVE PRACTICES DESIGNED TO CIRCUMVENTRESTRICTIONS THAT THE MUTUAL FUNDS IMPOSED ON MARKET TIMING.THROUGH THESE ACTIVITIES THE FCS VIOLATED THE ANTIFRAUDPROVISIONS OF THE FEDERAL SECURITIES LAWS. AG EDWARDS FAILEDREASONABLY TO SUPERVISE ITS FCS WITH A VIEW TO DETECTING ANDPREVENTING THEIR ILLEGAL MARKET TIMING SCHEMES. AG EDWARDSFAILED TO ADOPT REASONABLE POLICIES, PROCEDURES OR SYSTEMSTO MONITOR MARKET TIMING IN ORDER TO DETECT AND PREVENT ITSFCS' MISCONDUCT. IN PARTICULAR, AG EDWARDS FAILED TO DEVELOPREASONABLE POLICIES, PROCEDURES OR SYSTEMS FOR MONITORINGAND RESPONDING TO RED FLAGS INDICATING THAT ITS FCS WERE USINGDECEPTIVE PRACTICES. IN ADDITION, AG EDWARDS FAILED TOIMPLEMENT REASONABLE POLICIES, PROCEDURES OR SYSTEMS TOMONITOR WHETHER ITS FCS DISCONTINUED THEIR ABUSIVE TRADING INRESPONSE TO REQUESTS BY MUTUAL FUND COMPANIES. AS A RESULT OFTHE CONDUCT DESCRIBED ABOVE, CERTAIN OF AG EDWARDS' FCSWILLFULLY VIOLATED SECTION 17(A) OF THE SECURITIES ACT, SECTION10(B) OF THE EXCHANGE ACT AND RULE 10B-5 THEREUNDER WHICHPROHIBIT FRAUDULENT CONDUCT IN CONNECTION WITH THE OFFER,PURCHASE OR SALE OF SECURITIES. AG EDWARDS ALSO FAILEDREASONABLY TO SUPERVISE ITS FCS WITH A VIEW TO PREVENTING THEIRWILLFUL VIOLATIONS OF THE FEDERAL SECURITIES LAWS.
Current Status: Final
52©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 05/02/2007
Docket/Case Number: FILE NO. 3-12624
Principal Product Type: No Product
Other Product Type(s):
SEC ADMINISTRATIVE PROCEEDING RELEASE NO. 34-55692, MAY 2, 2007;BETWEEN AT LEAST JANUARY 2001 AND SEPTEMBER 2003, A.G. EDWARDS& SONS, INC. ("AG EDWARDS" OR "RESPONDENT") FAILED REASONABLYTO SUPERVISE CERTAIN OF ITS REGISTERED "FINANCIALCONSULTANTS" ("FCS") WITH A VIEW TO PREVENTING THEIR VIOLATIONSOF THE FEDERAL SECURITIES LAWS. DURING THE RELEVANT TIMEPERIOD, REGISTERED FCS IN SEVERAL OF AG EDWARDS' BRANCHOFFICES ENGAGED IN ILLEGAL MARKET TIMING SCHEMES ON BEHALF OFCUSTOMERS, INCLUDING SEVERAL LARGE HEDGE FUNDS.2 THESE FCSDEFRAUDED OVER 200 MUTUAL FUNDS FROM APPROXIMATELY 50DIFFERENT MUTUAL FUND COMPANIES AND THEIR SHAREHOLDERS BYENGAGING IN DECEPTIVE PRACTICES DESIGNED TO CIRCUMVENTRESTRICTIONS THAT THE MUTUAL FUNDS IMPOSED ON MARKET TIMING.THROUGH THESE ACTIVITIES THE FCS VIOLATED THE ANTIFRAUDPROVISIONS OF THE FEDERAL SECURITIES LAWS. AG EDWARDS FAILEDREASONABLY TO SUPERVISE ITS FCS WITH A VIEW TO DETECTING ANDPREVENTING THEIR ILLEGAL MARKET TIMING SCHEMES. AG EDWARDSFAILED TO ADOPT REASONABLE POLICIES, PROCEDURES OR SYSTEMSTO MONITOR MARKET TIMING IN ORDER TO DETECT AND PREVENT ITSFCS' MISCONDUCT. IN PARTICULAR, AG EDWARDS FAILED TO DEVELOPREASONABLE POLICIES, PROCEDURES OR SYSTEMS FOR MONITORINGAND RESPONDING TO RED FLAGS INDICATING THAT ITS FCS WERE USINGDECEPTIVE PRACTICES. IN ADDITION, AG EDWARDS FAILED TOIMPLEMENT REASONABLE POLICIES, PROCEDURES OR SYSTEMS TOMONITOR WHETHER ITS FCS DISCONTINUED THEIR ABUSIVE TRADING INRESPONSE TO REQUESTS BY MUTUAL FUND COMPANIES. AS A RESULT OFTHE CONDUCT DESCRIBED ABOVE, CERTAIN OF AG EDWARDS' FCSWILLFULLY VIOLATED SECTION 17(A) OF THE SECURITIES ACT, SECTION10(B) OF THE EXCHANGE ACT AND RULE 10B-5 THEREUNDER WHICHPROHIBIT FRAUDULENT CONDUCT IN CONNECTION WITH THE OFFER,PURCHASE OR SALE OF SECURITIES. AG EDWARDS ALSO FAILEDREASONABLY TO SUPERVISE ITS FCS WITH A VIEW TO PREVENTING THEIRWILLFUL VIOLATIONS OF THE FEDERAL SECURITIES LAWS.
Resolution Date: 05/02/2007
Resolution:
Other Sanctions Ordered: UNDERTAKINGS
Sanction Details: RESPONDENT HAS SUBMITTED AN OFFER OF SETTLEMENT WITHOUTADMITTING OR DENYING THE FINDINGS, RESPONDENT CONSENTS TO THEENTRY OF THIS ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS,MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS. ACCORDINGLY,PURSUANT TO SECTION 15(B) OF THE EXCHANGE ACT, IT IS ORDEREDTHAT: AG EDWARDS IS CENSURED. IT IS FURTHER ORDERED THAT: AGEDWARDS SHALL, WITHIN 30 DAYS OF THE ENTRY OF THIS ORDER, PAYDISGORGEMENT OF $1,930,000, PREJUDGMENT INTEREST OF $430,000AND A CIVIL MONEY PENALTY OF $1,500,000, FOR A TOTAL PAYMENT OF$3,860,000. AG EDWARDS UNDERTAKES THE FOLLOWING: AG EDWARDSSHALL RETAIN, WITHIN 60 DAYS OF THE DATE OF ENTRY OF THIS ORDER,THE SERVICES OF AN INDEPENDENT CONSULTANT NOT UNACCEPTABLETO THE STAFF OF THE COMMISSION. AG EDWARDS SHALL EXCLUSIVELYBEAR ALL COSTS, INCLUDING COMPENSATION AND EXPENSES,ASSOCIATED WITH THE RETENTION OF THE INDEPENDENT CONSULTANT.
Sanctions Ordered: CensureMonetary/Fine $1,500,000.00Disgorgement/Restitution
Order
Disclosure 13 of 75
i
53©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 13 of 75
Reporting Source: Regulator
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 04/10/2007
Docket/Case Number: 2005001027001
Principal Product Type: No Product
Other Product Type(s):
Allegations: NASD RULES 2110, 2320, 6130(D) - IN TRANSACTIONS FOR OR WITH APUBLIC CUSTOMER, THE FIRM FAILED TO USE REASONABLE DILIGENCETO ASCERTAIN THE BEST INTER-DEALER MARKET AND FAILED TO BUY ORSELL IN SUCH MARKET SO THAT THE RESULTANT PRICE TO ITSCUSTOMER WAS AS FAVORABLE AS POSSIBLE UNDER PREVAILINGMARKET CONDITIONS. THE FINDINGS STATED THAT THE FIRM FAILED TOREPORT TO THE NASDAQ MARKET CENTER (NMC) THE CORRECT SYMBOLINDICATING WHETHER THE TRANSACTION WAS A BUY, SELL, SELL SHORT,SELL SHORT EXEMPT OR CROSS FOR TRANSACTIONS IN ELIGIBLESECURITIES.
Current Status: Final
Resolution Date: 04/10/2007
Resolution:
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, A. G. EDWARDS &SONS, INC., CONSENTED TO THE DESCRIBED SANCTIONS AND TO THEENTRY OF FINDINGS, THEREFORE, THE FIRM IS CENSURED AND FINED$17,500.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: CensureMonetary/Fine $17,500.00
Acceptance, Waiver & Consent(AWC)
54©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
iReporting Source: Firm
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 04/10/2007
Docket/Case Number: 20050010270-01
Principal Product Type: No Product
Other Product Type(s):
Allegations: NASD RULES 2110, 2320, 6130(D) - IN TRANSACTIONS FOR OR WITH APUBLIC CUSTOMER IN EXCHANGE-LISTED PREFERRED STOCK, THE FIRMFAILED TO USE REASONABLE DILIGENCE TO ASCERTAIN THE BEST INTER-DEALER MARKET AND FAILED TO BUY OR SELL IN SUCH MARKET SO THATTHE RESULTANT PRICE TO ITS CUSTOMER WAS AS FAVORABLE ASPOSSIBLE UNDER PREVAILING MARKET CONDITIONS. THE FINDINGSSTATED THAT THE FIRM FAILED TO REPORT TO THE NASDAQ MARKETCENTER (NMC) THE CORRECT SYMBOL INDICATING WHETHER THETRANSACTION WAS A BUY, SELL, SELL SHORT, SELL SHORT EXEMPT ORCROSS FOR TRANSACTIONS IN ELIGIBLE SECURITIES.
Current Status: Final
Resolution Date: 04/10/2007
Resolution:
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, A.G. EDWARDS & SONS,INC., CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OFFINDINGS, THEREFORE, THE FIRM IS CENSURED AND FINED $17,500.
Sanctions Ordered: CensureMonetary/Fine $17,500.00
Acceptance, Waiver & Consent(AWC)
Disclosure 14 of 75
i
Reporting Source: Firm
Allegations: THE COMMONWEALTH OF PENNSYLVANIA ALLEGED THAT A.G. EDWARDSHAD FAILED TO MAINTAIN A COMPLETE CUSTOMER COMPLAINT FILE -VIOLATION OF SEC RULE 17A-3(A)(18) AND NASD RULE 3110(D).
Current Status: Final
55©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: COMMONWEALTH OF PENNSYLVANIA
Principal Sanction(s)/ReliefSought:
Undertaking
Other Sanction(s)/ReliefSought:
Date Initiated: 03/02/2007
Docket/Case Number: 2005-08-18
Principal Product Type: Other
Other Product Type(s):
Allegations: THE COMMONWEALTH OF PENNSYLVANIA ALLEGED THAT A.G. EDWARDSHAD FAILED TO MAINTAIN A COMPLETE CUSTOMER COMPLAINT FILE -VIOLATION OF SEC RULE 17A-3(A)(18) AND NASD RULE 3110(D).
Resolution Date: 03/02/2007
Resolution:
Other Sanctions Ordered: A.G. EDWARDS WILL IN THE FUTURE COMPLY WITH ALL PROVISIONS OFTHE PENNSYLVANIA SECURITIES ACT OF 1972 AND REGULATIONSADOPTED BY THE COMMISSION; AND SHOULD A.G. EDWARDS FAIL TOCOMPLY WITH ANY PROVISIONS OF THIS OFFER AND UNDERTAKINGS, THECOMMISSION MAY IMPOSE ADDITIONAL SANCTIONS AND COSTS ANDSEEK OTHER APPROPRIATE RELIEF SUBJECT TO THE RIGHT TO AHEARING PURSUANT TO THE 1972 ACT.
Sanction Details: A.G. EDWARDS WILL MAKE A MONETARY PAYMENT OF $6,000 TO THECLIENT. WITHIN 30 DAYS OF THE EXECUTION OF THIS OFFER ANDUNDERTAKINGS, A.G. EDWARDS WILL PAY $500 TO THE "COMMONWEALTHOF PENNSYLVANIA," WHICH AMOUNT REPRESENTS THE INVESTIGATIVEAND LEGAL COSTS IN THIS MATTER.
Firm Statement WHILE NEITHER ADMITTING NOR DENYING THE ALLEGATIONS, A.G.EDWARDS AGREES AND UNDERTAKES TO DO THE FOLLOWING:A.G. EDWARDS WILL MAKE A MONETARY PAYMENT OF $6,000 TO THECLIENT. WITHIN 30 DAYS OF THE EXECUTION OF THIS OFFER ANDUNDERTAKINGS, A.G. EDWARDS WILL PAY $500 TO THE "COMMONWEALTHOF PENNSYLVANIA," WHICH AMOUNT REPRESENTS THE INVESTIGATIVEAND LEGAL COSTS IN THIS MATTER. A.G. EDWARDS WILL IN THE FUTURECOMPLY WITH ALL PROVISIONS OF THE PENNSYLVANIA SECURITIES ACTOF 1972 AND REGULATIONS ADOPTED BY THE COMMISSION; AND SHOULDA.G. EDWARDS FAIL TO COMPLY WITH ANY PROVISIONS OF THIS OFFERAND UNDERTAKINGS, THE COMMISSION MAY IMPOSE ADDITIONALSANCTIONS AND COSTS AND SEEK OTHER APPROPRIATE RELIEFSUBJECT TO THE RIGHT TO A HEARING PURSUANT TO THE 1972 ACT.
Sanctions Ordered: Monetary/Fine $6,500.00
Other
56©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
WHILE NEITHER ADMITTING NOR DENYING THE ALLEGATIONS, A.G.EDWARDS AGREES AND UNDERTAKES TO DO THE FOLLOWING:A.G. EDWARDS WILL MAKE A MONETARY PAYMENT OF $6,000 TO THECLIENT. WITHIN 30 DAYS OF THE EXECUTION OF THIS OFFER ANDUNDERTAKINGS, A.G. EDWARDS WILL PAY $500 TO THE "COMMONWEALTHOF PENNSYLVANIA," WHICH AMOUNT REPRESENTS THE INVESTIGATIVEAND LEGAL COSTS IN THIS MATTER. A.G. EDWARDS WILL IN THE FUTURECOMPLY WITH ALL PROVISIONS OF THE PENNSYLVANIA SECURITIES ACTOF 1972 AND REGULATIONS ADOPTED BY THE COMMISSION; AND SHOULDA.G. EDWARDS FAIL TO COMPLY WITH ANY PROVISIONS OF THIS OFFERAND UNDERTAKINGS, THE COMMISSION MAY IMPOSE ADDITIONALSANCTIONS AND COSTS AND SEEK OTHER APPROPRIATE RELIEFSUBJECT TO THE RIGHT TO A HEARING PURSUANT TO THE 1972 ACT.
Disclosure 15 of 75
i
Reporting Source: Firm
Initiated By: STATE OF RHODE ISLAND
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
Date Initiated: 10/30/2006
Docket/Case Number:
Principal Product Type: Annuity(ies) - Variable
Other Product Type(s):
Allegations: RECEIVED NOTICE OF INTENT TO IMPOSE SANCTIONS, IMPOSE CIVILPENALTY, AND OF OPPORTUNITY FOR HEARING - REGARDING ATRANSACTION THAT A.G. EDWARDS APPROVED AND FACILITATEDWITHOUT REASONABLE GROUNDS TO BELIEVE THAT THERECOMMENDATION WAS SUITABLE FOR THE CUSTOMER AFTERREASONABLE INQUIRY CONCERNING THE CUSTOMER'S INVESTMENTOBJECTIVES, FINANCIAL SITUATION AND NEEDS.
Current Status: Final
Resolution Date: 11/26/2007
Resolution:
Other Sanctions Ordered: A.G. EDWARDS SHALL IMPLEMENT AND MAINTAIN A SYSTEM OFSUPERVISION REASONABLY DESIGNED TO COMLPY WITH LAWS, RULESAND REGULATIONS GOVERNING THE SALE OF VARIABLE ANNUITYCONTRACTS INCLUDING PROCEDURES FOR DOCUMENTINGAPPROPRIATE SUITABILITY FACTORS SUCH AS AGE, INCOME, SECURITIESINVESTMENT EXPERIENCE AND LIQUID NET WORTH.
Sanction Details: A.G EDWARDS ENTERED INTO THE OFFER ON 11/26/2007.
Sanctions Ordered: Monetary/Fine $25,000.00Cease and Desist/Injunction
Decision & Order of Offer of Settlement
Disclosure 16 of 75
i
57©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Regulator
Initiated By: AMERICAN STOCK EXCHANGE
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
CENSURE
Date Initiated: 10/25/2006
Docket/Case Number: 04-172
Principal Product Type: Options
Other Product Type(s):
Allegations: THE FIRM WAS CHARGED WITH VIOLATING EXCHANGE RULES 320, 411AND 922 BY FAILING TO DILIGENTLY SUPERVISE A BROKER AND BRANCHMANAGER REGARDING THE TRADING IN SEVERAL CUSTOMER ACCOUNTS.
Current Status: Final
Resolution Date: 02/25/2008
Resolution:
Other Sanctions Ordered:
Sanction Details: FIRM WAS CENSURED AND FINED $25,000 FOR VIOLATIONS OF AMEXRULES 320 AND 411.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
Yes
Sanctions Ordered: CensureMonetary/Fine $25,000.00
Acceptance, Waiver & Consent(AWC)
iReporting Source: Firm
Initiated By: AMERICAN STOCK EXCHANGE
Allegations: THE FIRM WAS CHARGED WITH VIOLATING EXCHANGE RULES 320, 411AND 922 BY FAILING TO DILIGENTLY SUPERVISE A BROKER AND BRANCHMANAGER REGARDING THE TRADING IN SEVERAL CUSTOMER ACCOUNTS.
Current Status: Final
58©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
CENSURE
Date Initiated: 10/25/2006
Docket/Case Number: 04-172
Principal Product Type: Options
Other Product Type(s):
Resolution Date: 02/25/2008
Resolution:
Other Sanctions Ordered:
Sanction Details: FIRM WAS CENSURED AND FINED $25,000 FOR VIOLATIONS OF AMEXRULES 320 AND 411.
Sanctions Ordered: CensureMonetary/Fine $25,000.00
Acceptance, Waiver & Consent(AWC)
Disclosure 17 of 75
i
Reporting Source: Regulator
Initiated By: NASD
Date Initiated: 09/25/2006
Allegations: NASD RULE 2110 AND INTERPRETIVE MATERIAL 3110(F)(4 - BETWEENJUNE 1994 AND AUGUST 1999, THE FIRM INCLUDED IN ITS CUSTOMERAGREEMENTS, AN ATTORNEY'S FEE CLAUSE, WHICH PROVIDED THAT THECUSTOMER WOULD BE RESPONSIBLE FOR THE FIRM'S COSTS ANDATTORNEY'S FEES IN THE EVENT THE CUSTOMER BRINGS A CLAIMAGAINST THE FIRM, REGARDLESS OF WHETHER OR NOT THE CUSTOMERIS SUCCESSFUL IN PURSUING THE CLAIM. THIS PROVISION VIOLATESNASD RULE 2110 AND INTERPRETIVE MATERIAL 3110(F)(4), WHICH STATES, "NO AGREEMENT SHALL INCLUDE ANY CONDITION WHICH LIMITS ORCONTRADICTS THE RULE OF ANY SELF-REGULATORY ORGANIZATION ORLIMITS THE ABILITY OF A PARTY TO FILE A CLAIM IN ARBITRATION ORLIMITS THE ABILITY OF THE ARBITRATORS TO MAKE ANY AWARD." THISATTORNEY'S FEES PROVISION IN THE CUSTOMER AGREEMENTS HAS ACHILLING EFFECT ON CUSTOMERS CONSIDERING OR PURSUING CLAIMSAGAINST THE FIRM.
Current Status: Final
59©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Docket/Case Number: EAF0400790002
Principal Product Type: No Product
Other Product Type(s):
Resolution Date: 09/25/2006
Resolution:
Other Sanctions Ordered: UNDERTAKING
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, A.G. EDWARDS & SONSCONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OFFINDINGS; THEREFORE THE FIRM IS CENSURED, FINED $10,000 ANDREQUIRED TO PROVIDE A REPORT TO NASD ATTESTING THAT IT HASGIVEN NOTICE TO ALL CUSTOMERS WHOSE RELATIONSHIP WITH THEFIRM IS STILL CONTROLLED BY ANY AGREEMENT CONTAINING THECLAUSE AT ISSUE BY LETTER THAT THE FIRM WILL NOT TAKE ANY ACTIONTO ENFORCE THAT CLAUSE AND SETTING FORTH THE DETAILS OFNOTIFICATIONS TO CUSTOMERS.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: CensureMonetary/Fine $10,000.00
Acceptance, Waiver & Consent(AWC)
iReporting Source: Firm
Allegations: NASD RULE 2110 AND INTERPRETIVE MATERIAL 3110(F)(4 - BETWEEN JUNE1994 AND AUGUST 1999, THE FIRM INCLUDED IN ITS CUSTOMERAGREEMENTS, AN ATTORNEY'S FEE CLAUSE, WHICH PROVIDED THAT THECUSTOMER WOULD BE RESPONSIBLE FOR THE FIRM'S COSTS ANDATTORNEY'S FEES IN THE EVENT THE CUSTOMER BRINGS A CLAIMAGAINST THE FIRM, REGARDLESS OF WHETHER OR NOT THE CUSTOMERIS SUCCESSFUL IN PURSUING THE CLAIM. THIS PROVISION VIOLATESNASD RULE 2110 AND INTERPRETIVE MATERIAL 3110(F)(4), WHICH STATES, "NO AGREEMENT SHALL INCLUDE ANY CONDITION WHICH LIMITS ORCONTRADICTS THE RULE OF ANY SELF-REGULATORY ORGANIZATION ORLIMITS THE ABILITY OF A PARTY TO FILE A CLAIM IN ARBITRATION ORLIMITS THE ABILITY OF THE ARBITRATORS TO MAKE ANY AWARD." THISATTORNEY'S FEES PROVISION IN THE CUSTOMER AGREEMENTS HAS ACHILLING EFFECT ON CUSTOMERS CONSIDERING OR PURSUING CLAIMSAGAINST THE FIRM.
Current Status: Final
60©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 09/25/2006
Docket/Case Number: EAF0400790002
Principal Product Type: No Product
Other Product Type(s):
NASD RULE 2110 AND INTERPRETIVE MATERIAL 3110(F)(4 - BETWEEN JUNE1994 AND AUGUST 1999, THE FIRM INCLUDED IN ITS CUSTOMERAGREEMENTS, AN ATTORNEY'S FEE CLAUSE, WHICH PROVIDED THAT THECUSTOMER WOULD BE RESPONSIBLE FOR THE FIRM'S COSTS ANDATTORNEY'S FEES IN THE EVENT THE CUSTOMER BRINGS A CLAIMAGAINST THE FIRM, REGARDLESS OF WHETHER OR NOT THE CUSTOMERIS SUCCESSFUL IN PURSUING THE CLAIM. THIS PROVISION VIOLATESNASD RULE 2110 AND INTERPRETIVE MATERIAL 3110(F)(4), WHICH STATES, "NO AGREEMENT SHALL INCLUDE ANY CONDITION WHICH LIMITS ORCONTRADICTS THE RULE OF ANY SELF-REGULATORY ORGANIZATION ORLIMITS THE ABILITY OF A PARTY TO FILE A CLAIM IN ARBITRATION ORLIMITS THE ABILITY OF THE ARBITRATORS TO MAKE ANY AWARD." THISATTORNEY'S FEES PROVISION IN THE CUSTOMER AGREEMENTS HAS ACHILLING EFFECT ON CUSTOMERS CONSIDERING OR PURSUING CLAIMSAGAINST THE FIRM.
Resolution Date: 09/25/2006
Resolution:
Other Sanctions Ordered: UNDERTAKING
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, A.G. EDWARDS & SONSCONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OFFINDINGS; THEREFORE THE FIRM IS CENSURED, FINED $10,000 ANDREQUIRED TO PROVIDE A REPORT TO NASD ATTESTING THAT IT HASGIVEN NOTICE TO ALL CUSTOMERS WHOSE RELATIONSHIP WITH THEFIRM IS STILL CONTROLLED BY ANY AGREEMENT CONTAINING THECLAUSE AT ISSUE BY LETTER THAT THE FIRM WILL NOT TAKE ANY ACTIONTO ENFORCE THAT CLAUSE AND SETTING FORTH THE DETAILS OFNOTIFICATIONS TO CUSTOMERS.
Sanctions Ordered: CensureMonetary/Fine $10,000.00
Acceptance, Waiver & Consent(AWC)
Disclosure 18 of 75
i
Reporting Source: Regulator
Allegations: **6/19/06**EVENT: STIPULATION AND CONSENT TO PENALTY FILED BYNYSE DIVISION OF ENFORCEMENT AND PENDING. CONSENTED TOFINDINGS WITHOUT ADMITTING OR DENYING GUILT, THE FIRM CONSENTSTO:A.FINDINGS BY A HEARING PANEL OR A HEARING OFFICER ACTINGALONE THAT IT:1. VIOLATED NYSE RULE 401, IN THAT THE FIRM FAILEDTO ADHERE AT ALL TIMES TO THE PRINCIPLES OF GOOD BUSINESSPRACTICE IN THE CONDUCT OF ITS BUSINESS AFFAIRS IN THAT ITINAPPROPRIATELY MAINTAINED CUSTOMERS IN FEE-BASED ACCOUNTS.2.VIOLATED NYSE RULE 476(A)(6) IN THAT THE FIRM ENGAGED INCONDUCT INCONSISTENT WITH JUST AND EQUITABLE PRINCIPLES OFTRADE IN THAT IT:A.CHARGED CUSTOMER ACCOUNTS EXCESSIVE FEES IN LIGHT OF THETRADING ACTIVITY IN THE ACCOUNTS. B.EFFECTED TRADES IN THEACCOUNTS OF CUSTOMERS THROUGH A REGISTERED REPRESENTATIVEOF THE FIRM THAT WERE UNSUITABLE IN VIEW OF THE CUSTOMERS'INVESTMENT OBJECTIVES, PRIOR INVESTMENT EXPERIENCE, ANDFINANCIAL RESOURCES. 3.VIOLATED NYSE RULE 351(D), IN THAT THEFIRM FAILED TO REPORT, FAILED TO TIMELY REPORT, AND/OR FAILED TOPROPERLY CODE AND REPORT, TO THE NYSE REQUIRED STATISTICALINFORMATION REGARDING CUSTOMER COMPLAINTS.4.VIOLATED NYSE RULE 342(A) AND (B), IN THAT THE FIRM FAILED TOESTABLISH REASONABLE PROCEDURES OF SUPERVISION AND CONTROL,INCLUDING A SEPARATE SYSTEM OF FOLLOW-UP AND REVIEW, OVER ITSNON-MANAGED FEE-BASED BROKERAGE BUSINESS, AND WITH RESPECTTO THE SUPERVISION OF CERTAIN OF ITS EMPLOYEES. STIPULATEDSANCTION:B.THE IMPOSITION BY THE NYSE OF A:1.CENSURE; 2. FINE INTHE AMOUNT OF $900,000. (THE PAYMENT PREVIOUSLY MADE BY THEFIRM IN CONNECTION WITH A CONSENT ORDER ENTERED INTO WITH THESTATE OF GEORGIA CONCERNING THE WILLIAM FLOYD GIBBS, SR.MATTER SHALL BE DEEMED TO SATISFY $400,000 OF THIS PENALTY); 3.
REQUIREMENT TO MAKE RESTITUTION TO CUSTOMERS RELATINGTO OVERPAYMENT OF FEES PURSUANT TO THE FOLLOWINGUNDERTAKING: **CONT. #13C**
Current Status: Final
61©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: NEW YORK STOCK EXCHANGE DIVISION OF ENFORCEMENT
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 06/19/2006
Docket/Case Number: HPD# 06-133
Principal Product Type: Other
Other Product Type(s):
Allegations: **6/19/06**EVENT: STIPULATION AND CONSENT TO PENALTY FILED BYNYSE DIVISION OF ENFORCEMENT AND PENDING. CONSENTED TOFINDINGS WITHOUT ADMITTING OR DENYING GUILT, THE FIRM CONSENTSTO:A.FINDINGS BY A HEARING PANEL OR A HEARING OFFICER ACTINGALONE THAT IT:1. VIOLATED NYSE RULE 401, IN THAT THE FIRM FAILEDTO ADHERE AT ALL TIMES TO THE PRINCIPLES OF GOOD BUSINESSPRACTICE IN THE CONDUCT OF ITS BUSINESS AFFAIRS IN THAT ITINAPPROPRIATELY MAINTAINED CUSTOMERS IN FEE-BASED ACCOUNTS.2.VIOLATED NYSE RULE 476(A)(6) IN THAT THE FIRM ENGAGED INCONDUCT INCONSISTENT WITH JUST AND EQUITABLE PRINCIPLES OFTRADE IN THAT IT:A.CHARGED CUSTOMER ACCOUNTS EXCESSIVE FEES IN LIGHT OF THETRADING ACTIVITY IN THE ACCOUNTS. B.EFFECTED TRADES IN THEACCOUNTS OF CUSTOMERS THROUGH A REGISTERED REPRESENTATIVEOF THE FIRM THAT WERE UNSUITABLE IN VIEW OF THE CUSTOMERS'INVESTMENT OBJECTIVES, PRIOR INVESTMENT EXPERIENCE, ANDFINANCIAL RESOURCES. 3.VIOLATED NYSE RULE 351(D), IN THAT THEFIRM FAILED TO REPORT, FAILED TO TIMELY REPORT, AND/OR FAILED TOPROPERLY CODE AND REPORT, TO THE NYSE REQUIRED STATISTICALINFORMATION REGARDING CUSTOMER COMPLAINTS.4.VIOLATED NYSE RULE 342(A) AND (B), IN THAT THE FIRM FAILED TOESTABLISH REASONABLE PROCEDURES OF SUPERVISION AND CONTROL,INCLUDING A SEPARATE SYSTEM OF FOLLOW-UP AND REVIEW, OVER ITSNON-MANAGED FEE-BASED BROKERAGE BUSINESS, AND WITH RESPECTTO THE SUPERVISION OF CERTAIN OF ITS EMPLOYEES. STIPULATEDSANCTION:B.THE IMPOSITION BY THE NYSE OF A:1.CENSURE; 2. FINE INTHE AMOUNT OF $900,000. (THE PAYMENT PREVIOUSLY MADE BY THEFIRM IN CONNECTION WITH A CONSENT ORDER ENTERED INTO WITH THESTATE OF GEORGIA CONCERNING THE WILLIAM FLOYD GIBBS, SR.MATTER SHALL BE DEEMED TO SATISFY $400,000 OF THIS PENALTY); 3.
REQUIREMENT TO MAKE RESTITUTION TO CUSTOMERS RELATINGTO OVERPAYMENT OF FEES PURSUANT TO THE FOLLOWINGUNDERTAKING: **CONT. #13C**
Resolution: Decision 62©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Resolution Date: 08/10/2006
Resolution:
Other Sanctions Ordered:
Sanction Details: **7/10/06**NYSE HEARING BOARD DECISION 06-133 ISSUEDDECISION:VIOLATED NYSE RULE 401 BY INAPPROPRIATELY MAINTAININGCUSTOMERS IN FEE-BASED ACCOUNTS; VIOLATED NYSE RULE 476(A)(6)BY CHARGING CUSTOMER ACCOUNTS EXCESSIVE FEES IN LIGHT OFTRADING ACTIVITY IN ACCOUNTS AND EFFECTING TRADES THAT WEREUNSUITABLE IN VIEW OF CUSTOMERS' INVESTMENT OBJECTIVES, PRIORINVESTMENT EXPERIENCE, AND FINANCIAL RESOURCES; VIOLATED NYSERULE 351(D), BY FAILING TO REPORT, FAILING TO TIMELY REPORT, AND/ORFAILING TO PROPERLY CODE AND REPORT TO NYSE REQUIREDSTATISTICAL INFORMATION REGARDING CUSTOMER COMPLAINTS;VIOLATED NYSE RULE 342(A) AND (B), BY FAILING TO ESTABLISHREASONABLE PROCEDURES OF SUPERVISION AND CONTROL, INCLUDINGA SEPARATE SYSTEM OF FOLLOW-UP AND REVIEW, OVER ITS NON-MANAGED FEE-BASED BROKERAGE BUSINESS, AND WITH RESPECT TOSUPERVISION OF CERTAIN OF ITS EMPLOYEES -- CONSENT TO CENSURE,$900,000 FINE, AND UNDERTAKING.
Regulator Statement **8/10/06**DECISION IS NOW FINAL AND EFFECTIVEIMMEDIATELY.CONTACT: PEGGY GERMINO 212-656-8450
Sanctions Ordered: CensureMonetary/Fine $900,000.00
Decision
iReporting Source: Firm
Allegations: **6/19/06**EVENT: STIPULATION AND CONSENT TO PENALTY FILED BYNYSE DIVISION OF ENFORCEMENT AND PENDING. CONSENTED TOFINDINGS WITHOUT ADMITTING OR DENYING GUILT, THE FIRM CONSENTSTO:A.FINDINGS BY A HEARING PANEL OR A HEARING OFFICER ACTINGALONE THAT IT:1. VIOLATED NYSE RULE 401, IN THAT THE FIRM FAILED TOADHERE AT ALL TIMES TO THE PRINCIPLES OF GOOD BUSINESS PRACTICEIN THE CONDUCT OF ITS BUSINESS AFFAIRS IN THAT IT INAPPROPRIATELYMAINTAINED CUSTOMERS IN FEE-BASED ACCOUNTS. 2.VIOLATED NYSERULE 476(A)(6) IN THAT THE FIRM ENGAGED IN CONDUCT INCONSISTENTWITH JUST AND EQUITABLE PRINCIPLES OF TRADE IN THAT IT: A.CHARGEDCUSTOMER ACCOUNTS EXCESSIVE FEES IN LIGHT OF THE TRADINGACTIVITY IN THE ACCOUNTS. B.EFFECTED TRADES IN THE ACCOUNTS OFCUSTOMERS THROUGH A REGISTERED REPRESENTATIVE OF THE FIRMTHAT WERE UNSUITABLE IN VIEW OF THE CUSTOMERS' INVESTMENTOBJECTIVES, PRIOR INVESTMENT EXPERIENCE, AND FINANCIALRESOURCES. 3.VIOLATED NYSE RULE 351(D), IN THAT THE FIRM FAILED TOREPORT, FAILED TO TIMELY REPORT, AND/OR FAILED TO PROPERLY CODEAND REPORT, TO THE NYSE REQUIRED STATISTICAL INFORMATIONREGARDING CUSTOMER COMPLAINTS. 4.VIOLATED NYSE RULE 342(A) AND(B), IN THAT THE FIRM FAILED TO ESTABLISH REASONABLE PROCEDURESOF SUPERVISION AND CONTROL, INCLUDING A SEPARATE SYSTEM OFFOLLOW-UP AND REVIEW, OVER ITS NON-MANAGED FEE-BASEDBROKERAGE BUSINESS, AND WITH RESPECT TO THE SUPERVISION OFCERTAIN OF ITS EMPLOYEES. STIPULATED SANCTION:B.THE IMPOSITIONBY THE NYSE OF A:1.CENSURE; 2. FINE IN THE AMOUNT OF $900,000. (THEPAYMENT PREVIOUSLY MADE BY THE FIRM IN CONNECTION WITH ACONSENT ORDER ENTERED INTO WITH THE STATE OF GEORGIACONCERNING THE WILLIAM FLOYD GIBBS, SR. MATTER SHALL BE DEEMEDTO SATISFY $400,000 OF THIS PENALTY); 3. REQUIREMENT TO MAKERESTITUTION TO CUSTOMERS RELATING TO OVERPAYMENT OF FEESPURSUANT TO THE FOLLOWING UNDERTAKING: **CONT. #13C**
Current Status: Final
63©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: NEW YORK STOCK EXCHANGE DIVISION OF ENFORCEMENT
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 06/19/2006
Docket/Case Number: HPD #06-133
Principal Product Type: Other
Other Product Type(s):
**6/19/06**EVENT: STIPULATION AND CONSENT TO PENALTY FILED BYNYSE DIVISION OF ENFORCEMENT AND PENDING. CONSENTED TOFINDINGS WITHOUT ADMITTING OR DENYING GUILT, THE FIRM CONSENTSTO:A.FINDINGS BY A HEARING PANEL OR A HEARING OFFICER ACTINGALONE THAT IT:1. VIOLATED NYSE RULE 401, IN THAT THE FIRM FAILED TOADHERE AT ALL TIMES TO THE PRINCIPLES OF GOOD BUSINESS PRACTICEIN THE CONDUCT OF ITS BUSINESS AFFAIRS IN THAT IT INAPPROPRIATELYMAINTAINED CUSTOMERS IN FEE-BASED ACCOUNTS. 2.VIOLATED NYSERULE 476(A)(6) IN THAT THE FIRM ENGAGED IN CONDUCT INCONSISTENTWITH JUST AND EQUITABLE PRINCIPLES OF TRADE IN THAT IT: A.CHARGEDCUSTOMER ACCOUNTS EXCESSIVE FEES IN LIGHT OF THE TRADINGACTIVITY IN THE ACCOUNTS. B.EFFECTED TRADES IN THE ACCOUNTS OFCUSTOMERS THROUGH A REGISTERED REPRESENTATIVE OF THE FIRMTHAT WERE UNSUITABLE IN VIEW OF THE CUSTOMERS' INVESTMENTOBJECTIVES, PRIOR INVESTMENT EXPERIENCE, AND FINANCIALRESOURCES. 3.VIOLATED NYSE RULE 351(D), IN THAT THE FIRM FAILED TOREPORT, FAILED TO TIMELY REPORT, AND/OR FAILED TO PROPERLY CODEAND REPORT, TO THE NYSE REQUIRED STATISTICAL INFORMATIONREGARDING CUSTOMER COMPLAINTS. 4.VIOLATED NYSE RULE 342(A) AND(B), IN THAT THE FIRM FAILED TO ESTABLISH REASONABLE PROCEDURESOF SUPERVISION AND CONTROL, INCLUDING A SEPARATE SYSTEM OFFOLLOW-UP AND REVIEW, OVER ITS NON-MANAGED FEE-BASEDBROKERAGE BUSINESS, AND WITH RESPECT TO THE SUPERVISION OFCERTAIN OF ITS EMPLOYEES. STIPULATED SANCTION:B.THE IMPOSITIONBY THE NYSE OF A:1.CENSURE; 2. FINE IN THE AMOUNT OF $900,000. (THEPAYMENT PREVIOUSLY MADE BY THE FIRM IN CONNECTION WITH ACONSENT ORDER ENTERED INTO WITH THE STATE OF GEORGIACONCERNING THE WILLIAM FLOYD GIBBS, SR. MATTER SHALL BE DEEMEDTO SATISFY $400,000 OF THIS PENALTY); 3. REQUIREMENT TO MAKERESTITUTION TO CUSTOMERS RELATING TO OVERPAYMENT OF FEESPURSUANT TO THE FOLLOWING UNDERTAKING: **CONT. #13C**
Resolution Date: 08/07/2006
Resolution:
Other Sanctions Ordered:
Sanction Details: NYSE HEARING BOARD DECISION 06-133 ISSUED DECISION:VIOLATEDNYSE RULE 401 BY INAPPROPRIATELY MAINTAINING CUSTOMERS IN FEE-BASED ACCOUNTS; VIOLATED NYSE RULE 476(A)(6) BY CHARGINGCUSTOMER ACCOUNTS EXCESSIVE FEES IN LIGHT OF TRADING ACTIVITYIN ACCOUNTS AND EFFECTING TRADES THAT WERE UNSUITABLE IN VIEWOF CUSTOMERS' INVESTMENT OBJECTIVES, PRIOR INVESTMENTEXPERIENCE, AND FINANCIAL RESOURCES; VIOLATED NYSE RULE 351(D),BY FAILING TO REPORT, FAILING TO TIMELY REPORT, AND/OR FAILING TOPROPERLY CODE AND REPORT TO NYSE REQUIRED STATISTICALINFORMATION REGARDING CUSTOMER COMPLAINTS; VIOLATED NYSERULE 342(A) AND (B), BY FAILING TO ESTABLISH REASONABLEPROCEDURES OF SUPERVISION AND CONTROL, INCLUDING A SEPARATESYSTEM OF FOLLOW-UP AND REVIEW, OVER ITS NON-MANAGED FEE-BASED BROKERAGE BUSINESS, AND WITH RESPECT TO SUPERVISION OFCERTAIN OF ITS EMPLOYEES -- CONSENT TO CENSURE, $900,000 FINE,AND UNDERTAKING.
Sanctions Ordered: CensureMonetary/Fine $900,000.00
Consent
64©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
NYSE HEARING BOARD DECISION 06-133 ISSUED DECISION:VIOLATEDNYSE RULE 401 BY INAPPROPRIATELY MAINTAINING CUSTOMERS IN FEE-BASED ACCOUNTS; VIOLATED NYSE RULE 476(A)(6) BY CHARGINGCUSTOMER ACCOUNTS EXCESSIVE FEES IN LIGHT OF TRADING ACTIVITYIN ACCOUNTS AND EFFECTING TRADES THAT WERE UNSUITABLE IN VIEWOF CUSTOMERS' INVESTMENT OBJECTIVES, PRIOR INVESTMENTEXPERIENCE, AND FINANCIAL RESOURCES; VIOLATED NYSE RULE 351(D),BY FAILING TO REPORT, FAILING TO TIMELY REPORT, AND/OR FAILING TOPROPERLY CODE AND REPORT TO NYSE REQUIRED STATISTICALINFORMATION REGARDING CUSTOMER COMPLAINTS; VIOLATED NYSERULE 342(A) AND (B), BY FAILING TO ESTABLISH REASONABLEPROCEDURES OF SUPERVISION AND CONTROL, INCLUDING A SEPARATESYSTEM OF FOLLOW-UP AND REVIEW, OVER ITS NON-MANAGED FEE-BASED BROKERAGE BUSINESS, AND WITH RESPECT TO SUPERVISION OFCERTAIN OF ITS EMPLOYEES -- CONSENT TO CENSURE, $900,000 FINE,AND UNDERTAKING.
Firm Statement **CONT. FROM #7**EVENT: A.WITHIN 30 DAYS FROM THE DATE THEDECISION IN THIS MATTER BECOMES FINAL (THE "FINAL DATE"), THE FIRMWILL RETAIN AN INDEPENDENT CONSULTANT THE "CONSULTANT") NOTUNACCEPTABLE TO ENFORCEMENT, TO (I) PERFORM A REVIEW OF CLIENTCHOICE ACCOUNTS (PURSUANT TO A PROCESS THAT WILL BE SUBJECTTO ENFORCEMENT REVIEW AND APPROVAL) (THE "REVIEW") TODETERMINE WHICH ACCOUNTS ENROLLED IN CLIENT CHOICE BETWEEN2001 AND 2004 REQUIRE RESTITUTION (THE "RESTITUTION ACCOUNTS"),AND TO (II) PREPARE A REPORT OF THE REVIEW (THE "REPORT") WHICHSHALL IDENTIFY THE RESTITUTION ACCOUNTS AND RESTITUTIONAMOUNTS. B.WITHIN 90 DAYS FROM THE FINAL DATE (I) THE REVIEWSHALL BE COMPLETED, AND (II) THE REPORT SHALL BE DELIVERED TOENFORCEMENT AND TO THE FIRM. C. AFTER COMPLETION OF THEREVIEW, BUT NO LATER THAN 120 DAYS AFTER THE FINAL DATE, THE FIRMSHALL MAKE RESTITUTION TO THE RESTITUTION ACCOUNTS IN THEAMOUNTS DETERMINED BY THE CONSULTANT, AND CONCURRENTLYSEND WRITTEN NOTIFICATION TO THE RESTITUTION ACCOUNTS,ADVISING THE ACCOUNT HOLDERS THAT RESTITUTION HAS BEEN MADEBY THE FIRM, WITH AN EXPLANATION WHY.
Disclosure 19 of 75
i
Reporting Source: Regulator
Allegations: SEC ADMINISTRATIVE PROCEEDING RELEASE 33-8684, 34-53888, DATEDMAY 31, 2006, THE SECURITIES AND EXCHANGE COMMISSION COMPLAINTALLEGES THAT RESPONDENT WILLFULLY VIOLATED SECTION 17(A)(2) OFTHE SECURITIES ACT. AS PART OF ITS BROKER-DEALER BUSINESS,RESPONDENT UNDERWRITE, AND MANAGE AUCTIONS FOR, AUCTIONRATE SECURITIES. FROM AT LEAST JANUARY 1, 2003 THROUGH JUNE 30,2004, IN CONNECTION WITH CERTAIN AUCTIONS, RESPONDENT ENGAGEDIN ONE OR MORE OF THE FOLLOWING PRACTICES VIOLATIONS:COMPLETION OF OPEN OR MARKET BIDS, INTERVENTION IN AUCTIONS,BIDS TO PREVENT FAILED AUCTIONS, BIDS TO A SET A "MARKET" RATE,BIDS TO PREVENT ALL-HOLD AUCTIONS, PRIORITIZATION OF BIDS,SUBMISSION OR REVISION OF BIDS AFTER DEADLINES, ALLOCATION OFSECURITIES, PARTIAL ORDERS, EXPRESS OR TACTIC UNDERSTANDING TOPROVIDE HIGHER RETURNS, AND PRICE TALK
Current Status: Final
65©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Principal Sanction(s)/ReliefSought:
Cease and Desist
Other Sanction(s)/ReliefSought:
CENSURE, CIVIL PENALTIES
Date Initiated: 05/31/2006
Docket/Case Number: 3-12310
Principal Product Type: Equity Listed (Common & Preferred Stock)
Other Product Type(s): MUNICIPAL BONDS, CORPORATE BONDS
SEC ADMINISTRATIVE PROCEEDING RELEASE 33-8684, 34-53888, DATEDMAY 31, 2006, THE SECURITIES AND EXCHANGE COMMISSION COMPLAINTALLEGES THAT RESPONDENT WILLFULLY VIOLATED SECTION 17(A)(2) OFTHE SECURITIES ACT. AS PART OF ITS BROKER-DEALER BUSINESS,RESPONDENT UNDERWRITE, AND MANAGE AUCTIONS FOR, AUCTIONRATE SECURITIES. FROM AT LEAST JANUARY 1, 2003 THROUGH JUNE 30,2004, IN CONNECTION WITH CERTAIN AUCTIONS, RESPONDENT ENGAGEDIN ONE OR MORE OF THE FOLLOWING PRACTICES VIOLATIONS:COMPLETION OF OPEN OR MARKET BIDS, INTERVENTION IN AUCTIONS,BIDS TO PREVENT FAILED AUCTIONS, BIDS TO A SET A "MARKET" RATE,BIDS TO PREVENT ALL-HOLD AUCTIONS, PRIORITIZATION OF BIDS,SUBMISSION OR REVISION OF BIDS AFTER DEADLINES, ALLOCATION OFSECURITIES, PARTIAL ORDERS, EXPRESS OR TACTIC UNDERSTANDING TOPROVIDE HIGHER RETURNS, AND PRICE TALK
Resolution Date: 05/31/2006
Resolution:
Other Sanctions Ordered: NOT LATER THAN 6 MONTHS AFTER THE ENTRY OF THIS ORDER,RESPONDENT SHALL PROVIDE ALL OF ITS CUSTOMERS WHO HOLDAUCTION RATE SECURITIES ("HOLDERS") AND THE ISSUERS OF SUCHSECURITIES ("ISSUERS") WITH A WRITTEN DESCRIPTION OF THERESPONDENT'S MATERIAL AUCTION PRACTICES AND PROCEDURES.FURTHERMORE, COMMENCING NOT LATER THAN 3 MONTHS AFTER THEENTRY OF THIS ORDER, RESPONDENT SHALL AT ALL TIMES MAKE ADESCRIPTION OF ITS THEN-CURRENT MATERIAL AUCTION PRACTICESAND PROCEDURES AVAILABLE TO (1) ALL CUSTOMERS AND BROKER-DEALERS WHO ARE PARTICIPATING THROUGH SUCH RESPONDENT IN ANAUCTION OF AUCTION RATE SECURITIES ON THE PORTION OF ITSWEBSITE THAT IS ACCESSIBLE TO SUCH CUSTOMERS AND BROKER-DEALERS AND IS RELATED TO SUCH AUCTION AND (2) THE GENERALPUBLIC ON ANOTHER PORTION OF ITS WEBSITE ACCESSIBLE TO THEGENERAL PUBLIC. NOT LATER THAN 6 MONTHS AFTER THE DATE OF THISORDER, UNLESS OTHERWISE EXTENDED BY THE STAFF OF THECOMMISSION FOR GOOD CAUSE SHOWN, RESPONDENT'S CHIEFEXECUTIVE OFFICER OR GENERAL COUNSEL SHALL CERTIFY IN WRITINGTO THE STAFF OF THE COMMISSION THAT RESPONDENT HASIMPLEMENTED PROCEDURES THAT ARE REASONABLY DESIGNED TOPREVENT AND DETECT FAILURES BY RESPONDENT TO CONDUCT THEAUCTION PROCESS IN ACCORDANCE WITH THE AUCTION PROCEDURESDISCLOSED IN THE DISCLOSURE DOCUMENTS AND ANY SUPPLEMENTALDISCLOSURES AND THAT THE RESPONDENT IS IN COMPLIANCE WITH THISORDER.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: CensureMonetary/Fine $125,000.00Cease and Desist/Injunction
Order
66©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
NOT LATER THAN 6 MONTHS AFTER THE ENTRY OF THIS ORDER,RESPONDENT SHALL PROVIDE ALL OF ITS CUSTOMERS WHO HOLDAUCTION RATE SECURITIES ("HOLDERS") AND THE ISSUERS OF SUCHSECURITIES ("ISSUERS") WITH A WRITTEN DESCRIPTION OF THERESPONDENT'S MATERIAL AUCTION PRACTICES AND PROCEDURES.FURTHERMORE, COMMENCING NOT LATER THAN 3 MONTHS AFTER THEENTRY OF THIS ORDER, RESPONDENT SHALL AT ALL TIMES MAKE ADESCRIPTION OF ITS THEN-CURRENT MATERIAL AUCTION PRACTICESAND PROCEDURES AVAILABLE TO (1) ALL CUSTOMERS AND BROKER-DEALERS WHO ARE PARTICIPATING THROUGH SUCH RESPONDENT IN ANAUCTION OF AUCTION RATE SECURITIES ON THE PORTION OF ITSWEBSITE THAT IS ACCESSIBLE TO SUCH CUSTOMERS AND BROKER-DEALERS AND IS RELATED TO SUCH AUCTION AND (2) THE GENERALPUBLIC ON ANOTHER PORTION OF ITS WEBSITE ACCESSIBLE TO THEGENERAL PUBLIC. NOT LATER THAN 6 MONTHS AFTER THE DATE OF THISORDER, UNLESS OTHERWISE EXTENDED BY THE STAFF OF THECOMMISSION FOR GOOD CAUSE SHOWN, RESPONDENT'S CHIEFEXECUTIVE OFFICER OR GENERAL COUNSEL SHALL CERTIFY IN WRITINGTO THE STAFF OF THE COMMISSION THAT RESPONDENT HASIMPLEMENTED PROCEDURES THAT ARE REASONABLY DESIGNED TOPREVENT AND DETECT FAILURES BY RESPONDENT TO CONDUCT THEAUCTION PROCESS IN ACCORDANCE WITH THE AUCTION PROCEDURESDISCLOSED IN THE DISCLOSURE DOCUMENTS AND ANY SUPPLEMENTALDISCLOSURES AND THAT THE RESPONDENT IS IN COMPLIANCE WITH THISORDER.
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, RESPONDENTCONSENTED TO THE ENTRY OF THIS ORDER; ACCORDINGLY, PURSUANTTO SECTION 8A OF THE SECURITIES ACT AND SECTION 15(B) OF THEEXCHANGE ACT, IS ORDERED THAT RESPONDENT IS CENSURED, SHALLCEASE AND DESIST FROM COMMITTING OR CAUSING ANY VIOLATIONSAND ANY FUTURE VIOLATIONS OF SECTION 17(A)(2) OF THE SECURITIESACT; AND SHALL, WITHIN 10 DAYS OF THE ENTRY OF THIS ORDER, PAY ACIVIL MONEY PENALTY OF $125,000 TO THE UNITED STATES TREASURY.
iReporting Source: Firm
Initiated By: SECURITIES AND EXCHANGE COMMISSION
Date Initiated: 05/31/2006
Docket/Case Number: 3-12310
Principal Product Type: Debt - Municipal
Other Product Type(s): CORPORATE BONDS, PREFERRED STOCK
Allegations: SEC ADMINISTRATIVE PROCEEDING RELEASE 33-8684, 34-53888, DATEDMAY 31, 2006, THE SECURITIES AND EXCHANGE COMMISSION COMPLAINTALLEGES THAT A.G. EDWARDS WILLFULLY VIOLATED SECTION 17(A)(2) OFTHE SECURITIES ACT. AS PART OF ITS BROKER-DEALER BUSINESS, A.G.EDWARDS UNDERWRITE, AND MANAGE AUCTIONS FOR, AUCTION RATESECURITIES. FROM AT LEAST JANUARY 1, 2003 THROUGH JUNE 30, 2004,IN CONNECTION WITH CERTAIN AUCTIONS, A.G. EDWARDS ENGAGED INONE OR MORE OF THE FOLLOWING PRACTICES VIOLATIONS:COMPLETION OF OPEN OR MARKET BIDS, INTERVENTION IN AUCTIONS,BIDS TO PREVENT FAILED AUCTIONS, BIDS TO A SET A "MARKET" RATE,BIDS TO PREVENT ALL-HOLD AUCTIONS, PRIORITIZATION OF BIDS,SUBMISSION OR REVISION OF BIDS AFTER DEADLINES, ALLOCATION OFSECURITIES, PARTIAL ORDERS, EXPRESS OR TACTIC UNDERSTANDING TOPROVIDE HIGHER RETURNS, AND PRICE TALK.
Current Status: Final
67©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
CIVIL PENALTIES, CEASE & DESIST AND CERTAIN UNDERTAKINGS
Other Product Type(s): CORPORATE BONDS, PREFERRED STOCK
Resolution Date: 05/31/2006
Resolution:
Other Sanctions Ordered: NOT LATER THAN 6 MONTHS AFTER THE ENTRY OF THIS ORDER,RESPONDENT SHALL PROVIDE ALL OF ITS CUSTOMERS WHO HOLDAUCTION RATE SECURITIES ("HOLDERS") AND THE ISSUERS OF SUCHSECURITIES ("ISSUERS") WITH A WRITTEN DESCRIPTION OF THERESPONDENT'S MATERIAL AUCTION PRACTICES AND PROCEDURES.FURTHERMORE, COMMENCING NOT LATER THAN 3 MONTHS AFTER THEENTRY OF THIS ORDER, A.G. EDWARDS SHALL AT ALL TIMES MAKE ADESCRIPTION OF ITS THEN-CURRENT MATERIAL AUCTION PRACTICESAND PROCEDURES AVAILABLE TO (1) ALL CUSTOMERS AND BROKER-DEALERS WHO ARE PARTICIPATING THROUGH SUCH RESPONDENT IN ANAUCTION OF AUCTION RATE SECURITIES ON THE PORTION OF ITSWEBSITE THAT IS ACCESSIBLE TO SUCH CUSTOMERS AND BROKER-DEALERS AND IS RELATED TO SUCH AUCTION AND (2) THE GENERALPUBLIC ON ANOTHER PORTION OF ITS WEBSITE ACCESSIBLE TO THEGENERAL PUBLIC. NOT LATER THAN 6 MONTHS AFTER THE DATE OF THISORDER, UNLESS OTHERWISE EXTENDED BY THE STAFF OF THECOMMISSION FOR GOOD CAUSE SHOWN, RESPONDENT'S CHIEFEXECUTIVE OFFICER OR GENERAL COUNSEL SHALL CERTIFY IN WRITINGTO THE STAFF OF THE COMMISSION THAT A.G. EDWARDS HASIMPLEMENTED PROCEDURES THAT ARE REASONABLY DESIGNED TOPREVENT AND DETECT FAILURES BY RESPONDENT TO CONDUCT THEAUCTION PROCESS IN ACCORDANCE WITH THE AUCTION PROCEDURESDISCLOSED IN THE DISCLOSURE DOCUMENTS AND ANY SUPPLEMENTALDISCLOSURES AND THAT THE RESPONDENT IS IN COMPLIANCE WITH THISORDER.
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, A.G. EDWARDSCONSENTED TO THE ENTRY OF THIS ORDER; ACCORDINGLY, PURSUANTTO SECTION 8A OF THE SECURITIES ACT AND SECTION 15(B) OF THEEXCHANGE ACT, IS ORDERED THAT A.G. EDWARDS IS CENSURED, SHALLCEASE AND DESIST FROM COMMITTING OR CAUSING ANY VIOLATIONSAND ANY FUTURE VIOLATIONS OF SECTION 17(A)(2) OF THE SECURITIESACT; AND SHALL, WITHIN 10 DAYS OF THE ENTRY OF THIS ORDER, PAY ACIVIL MONEY PENALTY OF $125,000 TO THE UNITED STATES TREASURY.
Sanctions Ordered: CensureMonetary/Fine $125,000.00Cease and Desist/Injunction
Order
68©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
WITHOUT ADMITTING OR DENYING THE FINDINGS, A.G. EDWARDSCONSENTED TO THE ENTRY OF THIS ORDER; ACCORDINGLY, PURSUANTTO SECTION 8A OF THE SECURITIES ACT AND SECTION 15(B) OF THEEXCHANGE ACT, IS ORDERED THAT A.G. EDWARDS IS CENSURED, SHALLCEASE AND DESIST FROM COMMITTING OR CAUSING ANY VIOLATIONSAND ANY FUTURE VIOLATIONS OF SECTION 17(A)(2) OF THE SECURITIESACT; AND SHALL, WITHIN 10 DAYS OF THE ENTRY OF THIS ORDER, PAY ACIVIL MONEY PENALTY OF $125,000 TO THE UNITED STATES TREASURY.
Disclosure 20 of 75
i
Reporting Source: Regulator
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 07/25/2006
Docket/Case Number: 2005000163102
Principal Product Type: Other
Other Product Type(s): BONDS
Allegations: NASD RULES 1021, 2110, 2320, 3010 - THE FIRM FAILED TO USEREASONABLE DILIGENCE TO ASCERTAIN THE BEST INTER-DEALERMARKET AND FAILED TO BUY OR SELL IN SUCH MARKET SO THAT THERESULTANT PRICE TO ITS CUSTOMERS WAS FAVORABLE AS POSSIBLEUNDER PREVAILING MARKET CONDITIONS. THE FINDINGS STATED THATTHE FIRM FAILED TO ESTABLISH, MAINTAIN AND ENFORCE WRITTENPROCEDURES FOR ITS FIXED INCOME DEPARTMENT, TO SUPERVISE THEACTIVITIES OF ITS ASSOCIATED PERSONS THAT WERE REASONABLYDESIGNED TO ACHIEVE COMPLIANCE WITH THE APPLICABLE LAWS ANDREGULATIONS, AND THE RULES OF NASD. THE FINDINGS ALSO STATEDTHAT THE FIRM FAILED TO REGISTER TWO INDIVIDUALS AS PRINCIPALSOF THE FIRM WHEN EACH WAS ACTIVELY ENGAGED IN THE MANAGEMENTOF ITS SECURITIES BUSINESS AS SUPERVISORS.
Current Status: Final
Resolution Date: 07/25/2006
Resolution:
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: CensureMonetary/Fine $125,000.00Disgorgement/Restitution
Acceptance, Waiver & Consent(AWC)
69©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, A.G. EDWARDS & SONS,INC., CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OFFINDINGS, THEREFORE, THE FIRM IS CENSURED, FINED $125,000 ANDORDERED TO PAY $17,017.50 PLUS INTEREST, IN RESTITUTION TO PUBLICCUSTOMERS.
Sanctions Ordered: CensureMonetary/Fine $125,000.00Disgorgement/Restitution
iReporting Source: Firm
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
NASD INVESTIGATION
Date Initiated: 10/18/2005
Docket/Case Number: 20050001631-02
Principal Product Type: Debt - Corporate
Other Product Type(s):
Allegations: THE NASD IS ALLEGING VIOLATION OF THE BEST EXECUTION RULE,FAILURE TO ESTABLISH AND ENFORCE WRITTEN SUPERVISORYPROCEDURES, AND FAILURE TO REGISTER TWO EMPLOYEES ASPRINCIPALS.
Current Status: Final
Resolution Date: 07/25/2006
Resolution:
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE FINDINGS, A.G. EDWARDS & SONS,INC., CONSENTED TO THE DESCRIBED SANCTIONS AND TO THE ENTRY OFFINDINGS, THEREFORE, THE FIRM IS CENSURED, FINED $125,000 ANDORDERED TO PAY $17,017.50 PLUS INTEREST, IN RESTITUTION TO PUBLICCUSTOMERS.
Sanctions Ordered: CensureMonetary/Fine $125,000.00Disgorgement/Restitution
Acceptance, Waiver & Consent(AWC)
70©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 21 of 75
i
Reporting Source: Regulator
Initiated By: NORTH DAKOTA
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
Date Initiated: 08/11/2005
Docket/Case Number:
URL for Regulatory Action:
Principal Product Type: Options
Other Product Type(s):
Allegations: RESPONDENT, THROUGH ITS AGENT, DANIEL M. SCHMIDT, ENGAGED INUNAUTHORIZED TRADING IN OPTIONS TRANSACTIONS IN THE ACCOUNTOF A NORTH DAKOTA RESIDENT. MANY OF THE TRANSACTIONS WEREALSO IMPROPERLY MARKED "UNSOLICITED".
Current Status: Final
Resolution Date: 01/23/2007
Resolution:
Other Sanctions Ordered:
Sanction Details: $10,000.00 CIVIL PENALTY COLLECTED.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: Monetary/Fine $10,000.00
Consent
iReporting Source: Firm
Allegations: THE STATE OF NORTH DAKOTA HAS FILED AN ORDER FOR AND NOTICE OFCIVIL PENALTY AND NOTICE OF RIGHT TO REQUEST A HEARINGREGARDING ALLEGATIONS OF UNAUTHORIZED TRADING BY A FORMEREMPLOYEE. A.G. EDWARDS HAS REQUESTED A HEARING.
Current Status: Final
71©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: STATE OF NORTH DAKOTA
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
Date Initiated: 08/15/2005
Docket/Case Number: N/A
Principal Product Type: Other
Other Product Type(s):
Allegations: THE STATE OF NORTH DAKOTA HAS FILED AN ORDER FOR AND NOTICE OFCIVIL PENALTY AND NOTICE OF RIGHT TO REQUEST A HEARINGREGARDING ALLEGATIONS OF UNAUTHORIZED TRADING BY A FORMEREMPLOYEE. A.G. EDWARDS HAS REQUESTED A HEARING.
Resolution Date: 01/23/2007
Resolution:
Other Sanctions Ordered: A.G. EDWARDS SHALL PROPERLY SUPERVISE THE ACTIVITIES OF ITSAGENTS WITH REGARD TO ALL SECURITIES RELATED ACTIVITY IN NORTHDAKOTA.
Sanction Details: AS A RESULT OF ITS HEARING, A.G. EDWARDS SHALL PAY A CIVIL PENALTYOF $10,000.
Firm Statement AS A RESULT OF ITS HEARING, A.G. EDWARDS SHALL PAY A CIVIL PENALTYOF $10,000.
Sanctions Ordered: Monetary/Fine $10,000.00
Consent
Disclosure 22 of 75
i
Reporting Source: Regulator
Initiated By: NEW HAMPSHIREBUREAU OF SECURITIES REGULATION
Date Initiated: 02/11/2005
Docket/Case Number: COM02-012
URL for Regulatory Action:
Allegations: SUITABILITY-RESPONDENT RECOMMENDED SEVERAL MUTUAL FUNDINVESTMENTS IN A SHARES WITHOUT THE CORRESPONDING BENEFIT OFBREAKPOINTS. AMOUNT INVESTED WAS $360,000.
Current Status: Final
72©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Restitution
Other Sanction(s)/ReliefSought:
ADMINISTRATIVE FINE AND COSTS.
URL for Regulatory Action:
Principal Product Type: Mutual Fund(s)
Other Product Type(s): NA
Resolution Date: 07/28/2005
Resolution:
Other Sanctions Ordered: $3,000 IN COSTS.
Sanction Details: SAME AS ABOVE.
Regulator Statement SAME AS ABOVE.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: Monetary/Fine $2,000.00Disgorgement/Restitution
Consent
iReporting Source: Firm
Initiated By: STATE OF NEW HAMPSHIRE BUREAU OF SECURITITES REGULATION
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
Date Initiated: 07/28/2005
Docket/Case Number: COM02-012
Principal Product Type: Mutual Fund(s)
Other Product Type(s):
Allegations: ALLEGED UNSUITABLE RECOMMENDATION IN THAT REGISTEREDREPRESENTATIVE FAILED TO RECOMMEND A SHARE RATHER THAN BSHARE PURCHASES OF MUTUAL FUNDS.
Current Status: Final
73©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanction(s)/ReliefSought:
Resolution Date: 07/28/2005
Resolution:
Other Sanctions Ordered: 1.)RESPONDENT PAY COSTS IN THE AMOUNT OF $3,0002.)RESPONDENT PAY RESTITUTION IN THE AMOUNT OF $20,000
Sanction Details: PAID FINE AND RESTITUTION ON 08/03/05.
Sanctions Ordered: Monetary/Fine $2,000.00
Consent
Disclosure 23 of 75
i
Reporting Source: Regulator
Initiated By: MASSACHUSETTS SECURITIES DIVISION
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
CEASE AND DESIST ORDER; COMPENSATION TO MUTUAL FUNDSHAREHOLDERS FOR LOSSES ATTRIBUTABLE TO MARKET TIMINGACTIVITY
Date Initiated: 02/02/2005
Docket/Case Number: E-2004-0019
URL for Regulatory Action:
Principal Product Type: Mutual Fund(s)
Other Product Type(s):
Allegations: RESPONDENT CREATED A SYSTEM AND CULTURE THAT ALLOWEDREPRESENTATIVES TO ENGAGE IN AN ILLEGAL MARKET TIMINGACTIVITIES. RESPONDENT ALLOWED SUPERVISORS TO IGNOREINDICATIONS OF IRREGULARITIES OR "RED FLAGS." RESPONDENT FAILEDTO ADEQUATELY SUPERIVSE REPRESENTATIVES.
Current Status: Final
Resolution Date: 08/25/2009
Resolution:
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Order
74©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanctions Ordered:
Sanction Details: $500,000.00 FINE IMPOSED, NONE OF THE PORTION WAS WAIVED.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: CensureMonetary/Fine $500,000.00Cease and Desist/Injunction
iReporting Source: Firm
Initiated By: STATE OF MASSACHUSETTS
Principal Sanction(s)/ReliefSought:
Cease and Desist
Other Sanction(s)/ReliefSought:
COMPENSATION TO MUTUAL FUND SHAREHOLDERS FOR LOSSESATTRIBUTABLE TO MARKET TIMING ACTIVITY
Date Initiated: 02/02/2005
Docket/Case Number: E-2004-0019
Principal Product Type: Mutual Fund(s)
Other Product Type(s):
Allegations: THE ADMINISTRATIVE COMPLAINT ALLEGES THAT A FORMER BROKER INONE OF THE FIRMS OFFICES ASSISTED TWO CUSTOMERS IN IMPROPERMARKET TIMING ACTIVITIES. THE COMPLAINT FURTHER ALLEGED, AMONGOTHER THINGS, THAT THE FIRM FAILED TO ADEQUATELY SUPERVISE THEBROKER.
Current Status: Pending
Disclosure 24 of 75
i
Reporting Source: Regulator
Allegations: MSRB RULES G-17 AND G-30 (A) – DURING THE PERIOD FROM ON ORABOUT JULY 29,2002 THROUGH ON OR ABOUT MAY 8, 2003, PUBLICCUSTOMERS REQUESTED THAT A. G. EDWARDS & SONS, INC. LIQUIDATEFIVE DIFFERENT MUNICIPAL SECURITY POSITIONS. A. G. EDWARDS &SONS, INC. CONTACTED A BROKER'S BROKER AND OBTAINED BIDS FORTHE CUSTOMERS' SECURITIES. BASED ON THE BIDS PROVIDED BY THEBROKER'S BROKER, THE FIRM PURCHASED THE SECURITIES FROM THECUSTOMERS FOR ITS OWN ACCOUNT AND THEN SOLD THE SECURITIESTO THE BROKER'S BROKER AT A NOMINAL GAIN. IN ALL FIVE INSTANCES,THE PRICES PAID TO THE CUSTOMERS, AND RECEIVED BY THE FIRM,WERE BELOW THE FAIR MARKET VALUE OF THE SECURITY IN AN AMOUNTRANGING FROM 7.15% TO 22.22%. BY RELYING SOLELY ON THE BIDSPROVIDED BY THE BROKER'S BROKER TO DETERMINE THE FAIR MARKETVALUE OF THE SECURITY, A. G. EDWARDS & SONS, INC. FAILED TOENSURE THAT THE TRANSACTIONS WERE EXECUTED AT AGGREGATEPRICES THAT WERE FAIR AND REASONABLE.
Current Status: Final
75©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 07/21/2004
Docket/Case Number: C05040056
Principal Product Type: Debt - Municipal
Other Product Type(s):
MSRB RULES G-17 AND G-30 (A) – DURING THE PERIOD FROM ON ORABOUT JULY 29,2002 THROUGH ON OR ABOUT MAY 8, 2003, PUBLICCUSTOMERS REQUESTED THAT A. G. EDWARDS & SONS, INC. LIQUIDATEFIVE DIFFERENT MUNICIPAL SECURITY POSITIONS. A. G. EDWARDS &SONS, INC. CONTACTED A BROKER'S BROKER AND OBTAINED BIDS FORTHE CUSTOMERS' SECURITIES. BASED ON THE BIDS PROVIDED BY THEBROKER'S BROKER, THE FIRM PURCHASED THE SECURITIES FROM THECUSTOMERS FOR ITS OWN ACCOUNT AND THEN SOLD THE SECURITIESTO THE BROKER'S BROKER AT A NOMINAL GAIN. IN ALL FIVE INSTANCES,THE PRICES PAID TO THE CUSTOMERS, AND RECEIVED BY THE FIRM,WERE BELOW THE FAIR MARKET VALUE OF THE SECURITY IN AN AMOUNTRANGING FROM 7.15% TO 22.22%. BY RELYING SOLELY ON THE BIDSPROVIDED BY THE BROKER'S BROKER TO DETERMINE THE FAIR MARKETVALUE OF THE SECURITY, A. G. EDWARDS & SONS, INC. FAILED TOENSURE THAT THE TRANSACTIONS WERE EXECUTED AT AGGREGATEPRICES THAT WERE FAIR AND REASONABLE.
Resolution Date: 07/21/2004
Resolution:
Other Sanctions Ordered: UNDERTAKINGS
Sanction Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, A. G. EDWARDS &SONS, INC. CONSENTED TO THE DESCRIBED SANCTIONS AND TO THEENTRY OF FINDINGS; THEREFORE, THE FIRM IS CENSURED AND FINED INTHE AMOUNT $5000.00. ADDITIONALLY, A. G. EDWARDS & SONS, INC.SHALL PAY CUSTOMER RESTITUTION IN THE AMOUNT OF $4549.90, PLUSINTEREST. THE IMPOSITION OF A RESTITUTION ORDER OR ANY OTHERMONETARY SANCTION HEREIN DOES NOT PRECLUDE THE CUSTOMERFROM PURSUING ITS OWN ACTION TO OBTAIN RESTITUTION OR OTHERREMEDIES. SATISFACTORY PROOF OF PAYMENT OF RESTITUTION SHALLBE PROVIDED TO NASD NO LATER THAN 90 DAYS AFTER ACCEPTANCE OFTHIS AWC. ADDITIONALLY, WITHIN 90 DAYS OF THE ACCEPTANCE OF THISAWC, THE FIRM SHALL PROVIDE NASD WITH A COPY OF ITS UPDATEDSUPERVISORY PROCEDURES AS THEY RELATE TO THE DETERMINATIONOF THE FAIR MARKET VALUE OF MUNICIPAL SECURITIES BEING BOUGHTOR SOLD FROM A PUBLIC CUSTOMER.
Does the order constitute afinal order based onviolations of any laws orregulations that prohibitfraudulent, manipulative, ordeceptive conduct?
No
Sanctions Ordered: CensureMonetary/Fine $5,000.00Disgorgement/Restitution
Acceptance, Waiver & Consent(AWC)
76©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User GuidanceWITHOUT ADMITTING OR DENYING THE ALLEGATIONS, A. G. EDWARDS &SONS, INC. CONSENTED TO THE DESCRIBED SANCTIONS AND TO THEENTRY OF FINDINGS; THEREFORE, THE FIRM IS CENSURED AND FINED INTHE AMOUNT $5000.00. ADDITIONALLY, A. G. EDWARDS & SONS, INC.SHALL PAY CUSTOMER RESTITUTION IN THE AMOUNT OF $4549.90, PLUSINTEREST. THE IMPOSITION OF A RESTITUTION ORDER OR ANY OTHERMONETARY SANCTION HEREIN DOES NOT PRECLUDE THE CUSTOMERFROM PURSUING ITS OWN ACTION TO OBTAIN RESTITUTION OR OTHERREMEDIES. SATISFACTORY PROOF OF PAYMENT OF RESTITUTION SHALLBE PROVIDED TO NASD NO LATER THAN 90 DAYS AFTER ACCEPTANCE OFTHIS AWC. ADDITIONALLY, WITHIN 90 DAYS OF THE ACCEPTANCE OF THISAWC, THE FIRM SHALL PROVIDE NASD WITH A COPY OF ITS UPDATEDSUPERVISORY PROCEDURES AS THEY RELATE TO THE DETERMINATIONOF THE FAIR MARKET VALUE OF MUNICIPAL SECURITIES BEING BOUGHTOR SOLD FROM A PUBLIC CUSTOMER.
iReporting Source: Firm
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 07/21/2004
Docket/Case Number: C05040056
Principal Product Type: Debt - Municipal
Other Product Type(s):
Allegations: MSRB RULES G-17 AND G-30 (A) – DURING THE PERIOD FROM ON ORABOUT JULY 29,2002 THROUGH ON OR ABOUT MAY 8, 2003, PUBLICCUSTOMERS REQUESTED THAT A. G. EDWARDS & SONS, INC. LIQUIDATEFIVE DIFFERENT MUNICIPAL SECURITY POSITIONS. A. G. EDWARDS &SONS, INC. CONTACTED A BROKER'S BROKER AND OBTAINED BIDS FORTHE CUSTOMERS' SECURITIES. BASED ON THE BIDS PROVIDED BY THEBROKER'S BROKER, THE FIRM PURCHASED THE SECURITIES FROM THECUSTOMERS FOR ITS OWN ACCOUNT AND THEN SOLD THE SECURITIESTO THE BROKER'S BROKER AT A NOMINAL GAIN. IN ALL FIVE INSTANCES,THE PRICES PAID TO THE CUSTOMERS, AND RECEIVED BY THE FIRM,WERE BELOW THE FAIR MARKET VALUE OF THE SECURITY IN AN AMOUNTRANGING FROM 7.15% TO 22.22%. BY RELYING SOLELY ON THE BIDSPROVIDED BY THE BROKER'S BROKER TO DETERMINE THE FAIR MARKETVALUE OF THE SECURITY, A. G. EDWARDS & SONS, INC. FAILED TOENSURE THAT THE TRANSACTIONS WERE EXECUTED AT AGGREGATEPRICES THAT WERE FAIR AND REASONABLE
Current Status: Final
77©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Resolution Date: 07/21/2004
Resolution:
Other Sanctions Ordered: UNDERTAKINGS
Sanction Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, A. G. EDWARDS &SONS, INC. CONSENTED TO THE DESCRIBED SANCTIONS AND TO THEENTRY OF FINDINGS; THEREFORE, THE FIRM IS CENSURED AND FINED INTHE AMOUNT $5000.00. ADDITIONALLY, A. G. EDWARDS & SONS, INC. SHALLPAY CUSTOMER RESTITUTION IN THE AMOUNT OF $4549.90, PLUSINTEREST. THE IMPOSITION OF A RESTITUTION ORDER OR ANY OTHERMONETARY SANCTION HEREIN DOES NOT PRECLUDE THE CUSTOMERFROM PURSUING ITS OWN ACTION TO OBTAIN RESTITUTION OR OTHERREMEDIES. SATISFACTORY PROOF OF PAYMENT OF RESTITUTION SHALLBE PROVIDED TO NASD NO LATER THAN 90 DAYS AFTER ACCEPTANCE OFTHIS AWC. ADDITIONALLY, WITHIN 90 DAYS OF THE ACCEPTANCE OF THISAWC, THE FIRM SHALL PROVIDE NASD WITH A COPY OF ITS UPDATEDSUPERVISORY PROCEDURES AS THEY RELATE TO THE DETERMINATIONOF THE FAIR MARKET VALUE OF MUNICIPAL SECURITIES BEING BOUGHTOR SOLD FROM A PUBLIC CUSTOMER.
Sanctions Ordered: CensureMonetary/Fine $5,000.00Disgorgement/Restitution
Acceptance, Waiver & Consent(AWC)
Disclosure 25 of 75
i
Reporting Source: Firm
Initiated By: STATE OF GEORGIA
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
Date Initiated: 01/09/2004
Docket/Case Number: EN-9284
Principal Product Type: Other
Other Product Type(s):
Allegations: THE STATE OF GEORGIA IS CURRENTLY INVESTIGATING A.G. EDWARDS &SONS, INC. AND TWO OF ITS FORMER AGENTS.
Current Status: Final
Resolution: Order78©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Resolution Date: 04/07/2004
Resolution:
Other Sanctions Ordered: PAY THE COMMISSIONER $200000.00 AS REIMBURSEMENT FORINVESTIGATIVE COSTS AND EXPENSES INCURRED IN CONNECTION WITHTHIS INVESTIGATION.
Sanction Details: SEE ABOVE.
Firm Statement A.G. EDWARDS ENTERED INTO A CONSENT ORDER WITH THE STATE OFGEORGIA REGARDING ALLEGATIONS OF VIOLATIONS OF GEORGIASECURITIES LAWS BY TWO OF ITS EMPLOYEES, WILLIAM GIBBS ANDSUSAN SACCONE.
Sanctions Ordered: Monetary/Fine $500,000.00
Order
Disclosure 26 of 75
i
Reporting Source: Firm
Initiated By: NEBRASKA BUREAU OF SECURITIES
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
Date Initiated: 05/09/2003
Docket/Case Number:
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE#13
Current Status: Final
Resolution Date: 06/11/2003
Resolution:
Other Sanctions Ordered:
Sanction Details: SEE #13
Firm Statement THE NEBRASKA DEPT. OF BANKING AND FINANCE HAD INVESTIGATED THEACTS OF EDWARDS AND AS A RESULT OF THE INVESTIGATION EDWARDSHAS ENTERED INTO A FINDINGS OF FACT, CONCLUSION OF LAW ANDCONSENT ORDER. THIS IS IN RELATION TO AN BRANCH MANAGER AND ANFC IN OUR OMAHA, NE OFFICE.
Sanctions Ordered: Monetary/Fine $20,000.00
Order
79©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
THE NEBRASKA DEPT. OF BANKING AND FINANCE HAD INVESTIGATED THEACTS OF EDWARDS AND AS A RESULT OF THE INVESTIGATION EDWARDSHAS ENTERED INTO A FINDINGS OF FACT, CONCLUSION OF LAW ANDCONSENT ORDER. THIS IS IN RELATION TO AN BRANCH MANAGER AND ANFC IN OUR OMAHA, NE OFFICE.
Disclosure 27 of 75
i
Reporting Source: Firm
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
Date Initiated: 02/26/2003
Docket/Case Number: CMS030009 AWC
Principal Product Type: No Product
Other Product Type(s):
Allegations: FAILURE TO REPORT TO FIPS 28 TRANSACTIONSIN FIPS SECURITIESWITHIN FIVE MINUTES OF EXECUTION.
Current Status: Final
Resolution Date: 03/10/2003
Resolution:
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE ALLEGATION A.G. EDWARDSAGREED TO A $5000 FINE.
Sanctions Ordered: Monetary/Fine $5,000.00
Acceptance, Waiver & Consent(AWC)
Disclosure 28 of 75
i
Reporting Source: Regulator
Allegations: **08/14/2002** STIPULATION AND CONSENT TO PENALTY FILED BY NYSEDIVISION OF ENFORCEMENT AND PENDING CONSENTED TO FINDINGS: (1)VIOLATED EXCHANGE RULE 342 IN THAT THE FIRM FAILED TO ESTABLISHAND MAINTAIN APPROPRIATE PROCEDURES FOR SUPERVISION ANDCONTROL, INCLUDING A SEPARATE SYSTEM OF FOLLOW-UP AND REVIEW,TO ENSURE COMPLIANCE WITH EXCHANGE RULES AND FEDERALSECURITIES LAWS, WITH RESPECT TO: A. THE MARKETING AND SALE OFCALLABLE CDS; B. THE RECOMMENDATION AND SALE OF ONE OR MORESECURITIES TO ONE OR MORE CUSTOMERS WHICH WAS UNSUITABLE INLIGHT OF THE CUSTOMER’S AGE, INVESTMENT OBJECTIVES,FINANCIAL RESOURCES AND/OR THE CONCENTRATION LEVELS OF THESECURITY IN THE CUSTOMER’S ACCOUNT; C. PRODUCING BOMSWHO HANDLED THEIR OWN CUSTOMER ACCOUNTS REVIEWED ANDAPPROVED THEIR OWN CORRESPONDENCE AND COMMUNICATIONS WITHTHE PUBLIC, ACCOUNT DESIGNATION CHANGES, AND ORDER ERRORS; D.MAINTAINING ACCURATE CUSTOMER ACCOUNT INFORMATION; E.EMPLOYEE TRADING OF SECURITIES ON FIRM RESEARCHDEPARTMENT’S RESTRICTED SECURITIES LIST; F. ACCOUNTSTATEMENT PRICING OF BOND AND MUTUAL FUND POSITIONS;G. TIMELY ALLOCATION OF ORDERS; H. EXTENSION OF CREDIT; I.PREVENTING STATUTORILY DISQUALIFIED INDIVIDUALS FROM BEINGASSOCIATED WITH THE FIRM. (2) ENGAGED IN CONDUCT INCONSISTENTWITH JUST AND EQUITABLE PRINCIPLES OF TRADE IN THAT IT: (I)RECOMMENDED AND SOLD SECURITIES TO CUSTOMERS WHICH WEREUNSUITABLE IN VIEW OF THE CUSTOMERS’ AGE, INVESTMENTOBJECTIVES, INVESTMENT EXPERIENCE, FINANCIAL RESOURCES AND/ORTHE CONCENTRATION LEVELS OF THE SECURITY IN THECUSTOMERS’ ACCOUNT, AND (II) MADE MISREPRESENTATIONSAND/OR OMITTED TO DISCLOSE MATERIAL FACTS TO CUSTOMERS, INCONNECTION WITH THE SOLICITATION AND/OR SALE OF SECURITIES TOCUSTOMERS. (3) VIOLATED EXCHANGE RULE 410 IN THAT THE FIRMEFFECTED ACCOUNT DESIGNATION CHANGES AND ORDER ERRORSWITHOUT PRIOR WRITTEN AUTHORIZATION BY A PERSON DESIGNATEDUNDER RULE 342(B)(1).
Current Status: Final
80©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: NEW YORK STOCK EXCHANGE
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 08/14/2002
Docket/Case Number: HPD# 02-196
Principal Product Type: Other
Other Product Type(s):
**08/14/2002** STIPULATION AND CONSENT TO PENALTY FILED BY NYSEDIVISION OF ENFORCEMENT AND PENDING CONSENTED TO FINDINGS: (1)VIOLATED EXCHANGE RULE 342 IN THAT THE FIRM FAILED TO ESTABLISHAND MAINTAIN APPROPRIATE PROCEDURES FOR SUPERVISION ANDCONTROL, INCLUDING A SEPARATE SYSTEM OF FOLLOW-UP AND REVIEW,TO ENSURE COMPLIANCE WITH EXCHANGE RULES AND FEDERALSECURITIES LAWS, WITH RESPECT TO: A. THE MARKETING AND SALE OFCALLABLE CDS; B. THE RECOMMENDATION AND SALE OF ONE OR MORESECURITIES TO ONE OR MORE CUSTOMERS WHICH WAS UNSUITABLE INLIGHT OF THE CUSTOMER’S AGE, INVESTMENT OBJECTIVES,FINANCIAL RESOURCES AND/OR THE CONCENTRATION LEVELS OF THESECURITY IN THE CUSTOMER’S ACCOUNT; C. PRODUCING BOMSWHO HANDLED THEIR OWN CUSTOMER ACCOUNTS REVIEWED ANDAPPROVED THEIR OWN CORRESPONDENCE AND COMMUNICATIONS WITHTHE PUBLIC, ACCOUNT DESIGNATION CHANGES, AND ORDER ERRORS; D.MAINTAINING ACCURATE CUSTOMER ACCOUNT INFORMATION; E.EMPLOYEE TRADING OF SECURITIES ON FIRM RESEARCHDEPARTMENT’S RESTRICTED SECURITIES LIST; F. ACCOUNTSTATEMENT PRICING OF BOND AND MUTUAL FUND POSITIONS;G. TIMELY ALLOCATION OF ORDERS; H. EXTENSION OF CREDIT; I.PREVENTING STATUTORILY DISQUALIFIED INDIVIDUALS FROM BEINGASSOCIATED WITH THE FIRM. (2) ENGAGED IN CONDUCT INCONSISTENTWITH JUST AND EQUITABLE PRINCIPLES OF TRADE IN THAT IT: (I)RECOMMENDED AND SOLD SECURITIES TO CUSTOMERS WHICH WEREUNSUITABLE IN VIEW OF THE CUSTOMERS’ AGE, INVESTMENTOBJECTIVES, INVESTMENT EXPERIENCE, FINANCIAL RESOURCES AND/ORTHE CONCENTRATION LEVELS OF THE SECURITY IN THECUSTOMERS’ ACCOUNT, AND (II) MADE MISREPRESENTATIONSAND/OR OMITTED TO DISCLOSE MATERIAL FACTS TO CUSTOMERS, INCONNECTION WITH THE SOLICITATION AND/OR SALE OF SECURITIES TOCUSTOMERS. (3) VIOLATED EXCHANGE RULE 410 IN THAT THE FIRMEFFECTED ACCOUNT DESIGNATION CHANGES AND ORDER ERRORSWITHOUT PRIOR WRITTEN AUTHORIZATION BY A PERSON DESIGNATEDUNDER RULE 342(B)(1).
Resolution Date: 11/08/2002
Resolution:
Sanctions Ordered: CensureMonetary/Fine $400,000.00
Decision
81©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanctions Ordered:
Sanction Details: (4) VIOLATED EXCHANGE RULE 405(2) IN THAT THE FIRM FAILED TOSUPERVISE DILIGENTLY ALL ACCOUNTS HANDLED BY REGISTEREDREPRESENTATIVES IN CONNECTION WITH THE MARKETING AND SALE OFCALLABLE CDS AND HIGH YIELD BONDS, ACCOUNT DESIGNATIONCHANGES, ORDER ERRORS AND CORRESPONDENCE, COMMUNICATIONSWITH THE PUBLIC, AND EXTENSIONS OF CREDIT. (5) VIOLATED EXCHANGERULES 405 AND 401 IN THAT THE FIRM FAILED TO USE DUE DILIGENCE TOLEARN ESSENTIAL FACTS RELATIVE TO CUSTOMERS’ ACCOUNTSAND FAILED TO ADHERE TO PRINCIPLES OF GOOD BUSINESS PRACTICE INTHE CONDUCT OF ITS BUSINESS AFFAIRS IN CONNECTION WITH: (A) THEMARKETING AND SALE OF CALLABLE CDS; (B) MAINTAINING ACCURATECUSTOMER ACCOUNT INFORMATION; (C) THE PRICING OF CERTAINSECURITIES ON CUSTOMER ACCOUNT STATEMENTS; (D) POLICIES ANDPROCEDURES REGARDING EMPLOYEE TRADING OF SECURITIES ONFIRM’S RESEARCH RESTRICTED LIST; AND (E) EXTENSIONS OFCREDIT.
Regulator Statement (6) VIOLATED EXCHANGE RULES 410 AND 440, AND SEC RULES 17A-3 AND17A-4 IN THAT THE FIRM FAILED TO MAKE AND PRESERVE REQUIRED ANDTIMELY RECORDS RELATING TO DESIGNATION AND EXECUTION OFCUSTOMER ORDERS. (7) VIOLATED SECTION 220.8(B) AND (C) OFREGULATION T, IN THAT THE FIRM FAILED TO ADEQUATELY ADHERE TOREQUIREMENTS WITH RESPECT TO THE IMPOSITION OF 90 DAYRESTRICTIONS ON CERTAIN CUSTOMER ACCOUNTS AS REQUIRED BYREGULATION T. STIPULATED SANCTION: CENSURE, A FINE OF $400,000AND AN UNDERTAKING TO RETAIN AN OUTSIDE CONSULTANT, NOTUNACCEPTABLE TO THE EXCHANGE, TO CONDUCT A REVIEW OF THEFIRM’S POLICIES, PROCEDURES, PRACTICES, AND SUPERVISORYSYSTEMS RELATING TO THE VIOLATIONS DESCRIBED HEREIN, ANDPREPARE A REPORT OF SUCH SYSTEMS AND PROCEDURES, INCLUDINGRECOMMENDATIONS FOR ADDITIONAL SYSTEMS AND PROCEDURES, IFNECESSARY, REASONABLY DESIGNED TO ENSURE COMPLIANCE WITHFEDERAL SECURITIES LAWS AND EXCHANGE RULES AND TO PREVENTRECURRENCE OF THE VIOLATIONS DESCRIBED HEREIN, AND SUBMITSUCH REPORT AND RECOMMENDATIONS, IF NECESSARY, TO THEEXCHANGE WITHIN 120 DAYS FROM THE DATE THAT A DECISION ON THISSTIPULATION AND CONSENT BECOMES FINAL. **11/08/2002** THEDECISION IS NOW FINAL AND IS EFFECTIVE IMMEDIATELY. CONTACT:PEGGY GERMINO (212) 656-8450.
CensureMonetary/Fine $400,000.00
iReporting Source: Firm
Current Status: Final
82©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: NYSE
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 08/14/2002
Docket/Case Number: HPD # 02-196
Principal Product Type: Other
Other Product Type(s):
Allegations: **08/14/2002**STIPULATION AND CONSENT TO PENALTY FILED BY NYSEDIVISION OF ENFORCEMENT AND PENDING CONSENTED TO FINDINGS: (1)VIOLATED EXCHANGE RULE 342 IN THAT THE FIRM FAILED TO ESTABLISHAND MAINTAIN APPROPRIATE PROCEDURES FOR SUPERVISION ANDCONTROL, INCLUDING A SEPARATE SYSTEM OF FOLLOW-UP AND REVIEW,TO ENSURE COMPLIANCE WHAT EXCHANGE RULES AND FEDERALSECURITIES LAWS, WITH RESPECT TO: A. THE MARKETING AND SALE OFCALLABLE CDS; B. THE RECOMMENDATION AND SALE OF ONE OR MORESECURITIES TO ONE OR MORE CUSTOMERS WHICH WAS UNSUITABLE INLIGHT OF THE CUSTOMER'S AGE, INVESTMENT OBJECTIVES, FINANCIALRESOURCES AND/OR THE CONCENTRATION LEVELS OF THE SECURITY INTHE CUSTOMER'S ACCOUNT; C. PRODUCING BOMS WHO HANDLED THEIROWN CUSTOMER ACCOUNTS REVIEWED AND APPROVED THEIR OWNCORRESPONDENCE AND COMMUNICATIONS WITH THE PUBLIC, ACCOUNTDESIGNATION CHANGES AND ORDER ERRORS; D. MAINTAININGACCURATE CUSTOMER ACCOUNT INFORMATION; E. EMPLOYEE TRADINGOF SECURITIES ON FIRM RESEARCH DEPARTMENT'S RESTRICTEDSECURITIES LIST; F. ACCOUNT STATEMENT PRICING OF BOND ANDMUTUAL FUND POSITIONS; G. TIMELY ALLOCATION OF ORDERS; H.EXTENSION OF CREDIT; I. PREVENTING STATUTORILY DISQUALIFIEDINDIVIDUALS FROM BEING ASSOCIATED WITH THE FIRM. (2) ENGAGED INCONDUCT INCONSISTENT WITH JUST AND EQUITABLE PRINCIPLES OFTRADE IN THAT IT: (I) RECOMMENDED AND SOLD SECURITIES TOCUSTOMERS WHICH WERE UNSUITABLE IN VIEW OF THE CUSTOMER'SACCOUNTS, AND (II) MADE MISREPRESENTATIONS AND/OR OMITTED TODISCLOSE MATERIAL FACTS TO CUSTOMERS, IN CONNECTION WTH THESOLICITATION AND/OR SALE OF SECURITIES TO CUSTOMERS. (3)VIOLATED EXCHANGE RULE 410 IN THAT THE FIRM EFFECTED ACCOUNTDESIGNATION CHANGES AND ORDER ERRORS WITHOUT PRIOR WRITTENAUTHORIZATION BY A PERSON DESIGNATED UNDER RULE 342(B)(1).
Resolution Date: 11/08/2002
Resolution: Decision
83©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Resolution Date: 11/08/2002
Other Sanctions Ordered:
Sanction Details: (4) VIOLATED EXCHANGE RULE 405(2) IN THAT THE FIRM FAILED TOSUPERVISE DILIGENTLY ALL ACCOUNTS HANDLED BY REGISTEREDREPRESENTATIVES IN CONNECTION WITH THE MARKETING AND SALE OFCALLABLE CDS AND HIGH YIELD BONDS, ACCOUNT DESIGNATIONCHANGES, ORDER ERRORS AND CORRESPONDENCE, COMMUNICATIONSWITH THE PUBLIC, AND EXTENSIONS OF CREDIT. (5) VIOLATED EXCHANGERULES 405 AND 401 IN THAT THE FIRM FAILED TO USE DUE DILIGENCE TOLEARN ESSENTIAL FACTS RELATIVE TO CUSTOMERS'S ACCOUNTS ANDFAILED TO ADHERE TO PRINCIPLES OF GOOD BUSINESS PRACTICE IN THECONDUCT OF ITS BUSINESS AFFAIRS IN CONNECTION WITH: (A) THEMARKETING AND SALE OF CALLABLE CDS; (B) MAINTAINING ACCURATECUSTOMER ACCOUNT INFORMATION; (C) POLICIES AND PROCEDURESREGARDING EMPLOYEE TRADING OF SECURITIES ON FIRM'S RESEARCHRESTRICTED LIST; AND (E) EXTENSIONS OF CREDIT.
Firm Statement (6) VIOLATED EXCHANGE RULES 410 AND 440, AND SEC RULES 17A-3 AND17A-4 IN THAT THE FIRM FAILED TO MAKE AND PRESERVE REQUIRED ANDTIMELY RECORDS RELATING TO DESIGNATION AND EXECUTION OFCUSTOMER ORDERS. (7) VIOLATED SECTION 220.8(B) AND (C)REGULATION T., IN THAT THE FIRM FAILED TO ADEQUATELY ADHERE TOCERTAIN CUSTOMER ACCOUNTS AS REQUIRED BY REGULATION T.STIPULATED SECTION: CENSURE, A FINE OF $400,000 AND ANUNDERTAKING TO RETAIN AN OUTSIDE CONSULTANT, NOTUNACCEPTABLE TO THE EXCHANGE, TO CONDUCT A REVIEW OF THEFIRM'S POLICIES, PROCEDURES, PRACTICES, AND SUPERVISORYSYSTEMS RELATING TO VIOLATIONS DESCRIBED HEREIN, AND PREPARE AREPORT OF SUCH SYSTEMS AND PROCEDURES, INCLUDINGRECOMMENDATIONS FOR ADDITIONAL SYSTEMS AND PROCEDURES, IFNECESSARY, REASONABLY DESIGNED TO ENSURE COMPLIANCE WITHFEDERAL SECURITIES LAWS AND EXCHANGE RULES AND TO PREVENTRECURRENCE OF THE VIOLATIONS DESCRIBED HEREIN, AND SUBMITSUCH REPORT AND RECOMMENDATIONS, IF NECESSARY, TO THEEXCHANGE WITHIN 120 DAYS FROM THE DATE THAT A DECISION ON THISSTIPULATION AND CONSENT BECOMES FINAL. **11/08/2002** THEDECISION IS NOW FINAL AND IS EFFECTIVE IMMEDIATELY. CONTACT:PEGGY GERMINO (212) 656-8450.
Sanctions Ordered: CensureMonetary/Fine $400,000.00
Disclosure 29 of 75
i
Reporting Source: Regulator
84©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: VIRGINIA - DIVISION OF SECURITIES
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
Date Initiated: 10/16/2001
Docket/Case Number: SEC010057
URL for Regulatory Action:
Principal Product Type: No Product
Other Product Type(s):
Allegations: DIVISION ALLEGED THAT FIRM FAILED TO ADEQUATELY DISCLOSE THEFACT THAT 2 VIRGINIA RESIDENTS WERE INVESTING IN LONG TERMCERTIFICATE OF DEPOSITS; FAILED TO EXERCISE DILIGENTSUPERVISIOIN; RECOMMENDED SECURITIES WITHOUT REASONABLEGROUNDS TO BELIEVE THAT THE RECOMMENDATIONS WERE SUITABLEFOR THE CUSTOMERS.
Current Status: Final
Resolution Date: 10/16/2001
Resolution:
Other Sanctions Ordered: PAID $5,000.00 FINE.
Sanction Details: PAID $5,000.00 FINE.
Regulator Statement FIRM WAS REQUIRED TO PAY A MONETARY PENALTY IN THE AMOUNT OF$5,000.00, REIMBURSE THE DIVISION FOR ITS COST OF INVESTIGATIONAND MAKE AN OFFER OF RESTITUTION TO 2 VIRGINIA RESIDENTS.
Sanctions Ordered: Monetary/Fine $5,000.00
Decision & Order of Offer of Settlement
iReporting Source: Firm
Initiated By: COMMONWEALTH OF VIRGINIA
Date Initiated: 10/08/2001
Docket/Case Number: SEC010057
Allegations: ALLEGED VIOLATIONS OF THE VIRGINIA SECURITIES ACT REGARDING THESALES OF CD(S).
Current Status: Final
85©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
SETTLEMENT ORDER
Principal Product Type: CD(s)
Other Product Type(s):
Resolution Date: 10/08/2001
Resolution:
Other Sanctions Ordered: PAY PENALTY OF $5000 TO COMMONWEALTH LITERACY FUND. REQUIRETHE TWO AGENTS TO COMPLETE FORMAL TRAINING IN THE AREA OFSUITABILITY AND PRODUCT KNOWLEDGE PERTAINING TO LONG-TERMCERTIFICATES OF DEPOSIT.
Sanction Details: TRAINING MUST BE COMPLETED WITHIN 30 DAYS OF THE ORDER.
Sanctions Ordered:
Settled
Disclosure 30 of 75
i
Reporting Source: Firm
Initiated By: MASSACHUSETTS SECURITIES DIVISION
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 05/23/2000
Docket/Case Number: E-2000-1
Principal Product Type: Options
Other Product Type(s):
Allegations: ALLEGED VIOLATION OF M.G.L. C.110A SECTIONS 101, 204(A)(2)(J) AND 204(A)(2)(G).
Current Status: Final
Resolution Date: 09/28/2000
Resolution:
Other Sanctions Ordered: NONE
Sanctions Ordered:
Order
86©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanctions Ordered: NONE
Sanction Details: SEE ITEM 13.
Firm Statement UNDER AN ORDER AND OFFER OF SETTLEMENT, A.G. EDWARDS & SONS,INC. AGREED TO IMPLEMENT ENHANCED COMPLIANCE PROCEDURES INIT'S PITTSFIELD, MA OFFICE AND CONTRIBUTE TO THE COMMONWEALTHOF MASSACHUSETTS INVESTOR PROTECTION AND EDUCATION TRUSTFUND. THERE WERE NO FINDINGS OF VIOLATIONS, FINES OR PENALTIES.
Disclosure 31 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 04/05/2000
Docket/Case Number: C05000013
Principal Product Type: Other
Other Product Type(s):
Allegations: 04-10-00, SEC RULES 17(A)(2),(3), NASD RULE 2110 - RESPONDENTMEMBER EFFECTED DEFEASANCE ESCROW TRANSACTIONS WITHMUNICIPALITIES AT PRICES NOT REASONABLY RELATED TO THE CURRENTWHOLESALE MARKET PRICES FOR THE SECURITIES UNDER THEPARTICULAR FACTS AND CIRCUMSTANCES, INCLUDING THE PERTINENTTAX REGULATIONS. THE FIRM KNEW, OR SHOULD HAVE KNOWN, THAT THEPRICES IT CHARGED WERE NOT REASONABLY RELATED TO THEPREVAILING WHOLESALE MARKET PRICES OF THE SECURITIES. THEEXCESSIVE MARKUPS ALSO JEOPARDIZED THE TAX-EXEMPT STATUS OFTHOSE MUNICIPALITIES REFUNDING BONDS AND DIVERTED MONEY FROMTHE U.S. TREASURY TO THE FIRM WHEN THE TRANSACTION WAS INPOSITIVE ARBITRAGE OR REDUCED THE SAVINGS AVAILABLE TO THEMUNICIPALITIES FROM THE REFUNDINGS WHEN THE TRANSACTION WASIN NEGATIVE ARBITRAGE.
Current Status: Final
Resolution Date: 04/05/2000
Resolution:
Sanctions Ordered: Censure
Acceptance, Waiver & Consent(AWC)
87©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanctions Ordered: WITHIN 10 BUSINESS DAYS, MAKE PAYMENTS TOTALING $124,164.12RELATED TO SALES OF DEFEASANCE ESCROW SECURITIES TO CERTAINMUNICIPAL ISSUERS IN CONNECTION WITH ADVANCE REFUNDINGS INNEGATIVE ARBITRAGE. PAY $6,113,284.81 TO THE U.S. TREASURY UNDERAN AGREEMENT SIMULTANEOUSLY ENTERED INTO AMONG THE FIRM, THEIRS, AND THE U.S. ATTORNEY FOR THE SOUTHERN DISTRICT OF NEWYORK.AT THE TIME PAYMENTS ARE MADE TO MUNICIPALITIES AND THEIRS, COPIES OF ANY PAYMENTS AND ANY COVER LETTERS SHALLE BESENT TO DISTRICT NO. 5.
Sanction Details: CENSURED
09-18-00, $352,000 PAID 4/17/00
Sanctions Ordered: Censure
iReporting Source: Firm
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
SEE ITEM 13
Date Initiated: 04/03/2000
Docket/Case Number: AWC #C05000013
Principal Product Type: Debt - Municipal
Other Product Type(s):
Allegations: ALLEGED VIOLATION OF SECTIONS 17(A)(2) AND 17(A)(3) OF THESECURITIES ACT AND VIOLATION OF NASD CONDUCT RULE 2110.
Current Status: Final
Resolution Date: 04/13/2000
Resolution:
Other Sanctions Ordered:
Sanction Details: $6,113,284.82 PAID ON 04/13/2000.
Firm Statement A.G. EDWARDS & SONS, INC. PAID THE ABOVE AS A TOTAL SETTLEMENTAMOUNT UNDER SIMULTANEOUS ENTRY OF SETTLEMENT AGREEMENTSIN THE CIVIL CASE 00 CIV 2656 US VS A.G. EDWARDS & SONS, INC. ANDTHE NASDR'S LETTER OF ACCEPTANCE, WAIVER & CONSENT.
Sanctions Ordered: CensureMonetary/Fine $6,113,284.81
Acceptance, Waiver & Consent(AWC)
88©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Statement A.G. EDWARDS & SONS, INC. PAID THE ABOVE AS A TOTAL SETTLEMENTAMOUNT UNDER SIMULTANEOUS ENTRY OF SETTLEMENT AGREEMENTSIN THE CIVIL CASE 00 CIV 2656 US VS A.G. EDWARDS & SONS, INC. ANDTHE NASDR'S LETTER OF ACCEPTANCE, WAIVER & CONSENT.
Disclosure 32 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 02/11/2000
Docket/Case Number: CMS000014
Principal Product Type: Equity - OTC
Other Product Type(s):
Allegations: NASD RULE 2320 AND SEC RULE 11AC1-4 - IN CONNECTION WITHCUSTOMER ORDERS, THE FIRM FAILED TO USE REASONABLE DILIGENCETO ASCERTAIN THE BEST INTER-DEALER MARKET FOR THE FIRM THATTHE RESULTANT PRICE TO ITS CUSTOMERS WAS AS FAVORABLE ASPOSSIBLE UNDER PREVAILING MARKET CONDITIONS; AND, FAILED TODISPLAY IMMEDIATELY EIGHT CUSTOMER LIMIT ORDERS IN NASDAQSECURITIES IN ITS PUBLIC QUOTATION, WHEN EACH SUCH ORDER WAS ATA PRICE THAT WOULD HAVE IMPROVED THE FIRM?S BID OR OFFER INEACH SUCH SECURITY.
Current Status: Final
Resolution Date: 02/11/2000
Resolution:
Other Sanctions Ordered:
Sanction Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, RESPONDENTMEMBER CONSENTED TO THE DESCRIBED SANCTIONS AND TO THEENTRY OF FINDINGS, THEREFORE THE FIRM IS CENSURED AND FINED$7,500.
Sanctions Ordered: CensureMonetary/Fine $7,500.00
Acceptance, Waiver & Consent(AWC)
iReporting Source:
89©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Firm
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
$7500 FINE
Date Initiated: 02/11/2000
Docket/Case Number: AWC #CMS000014
Principal Product Type: Equity - OTC
Other Product Type(s):
Allegations: SEE ITEM 13
Current Status: Final
Resolution Date: 02/11/2000
Resolution:
Other Sanctions Ordered:
Sanction Details: A.G. EDWARDS & SONS, INC. CONSENTED TO A MAXIMUM $7500 FINE PAID03/22/2000.
Firm Statement ON FEBRUARY 11, 2000, A.G. EDWARDS CENSURED AND FINED $7500 BYTHE NASD FOR RULE VIOLATIONS.
Sanctions Ordered: CensureMonetary/Fine $7,500.00
Acceptance, Waiver & Consent(AWC)
Disclosure 33 of 75
i
Reporting Source: Firm
Initiated By: COMMONWEALTH OF MASSACHUSETTS
Principal Sanction(s)/ReliefSought:
Censure
Date Initiated: 06/30/1986
Docket/Case Number: NONE
Principal Product Type: Other
Other Product Type(s): UNREGISTERED SECURITY
Allegations: SEE ITEM 13.
Current Status: Final
90©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
NONE
Resolution Date: 06/30/1986
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: N/A
Firm Statement JUNE 30, 1986, A.G. EDWARDS & SONS, INC. CENSURED BY THECOMMONWEALTH OF MASSACHUSETTS FOR SELLING AN UNREGISTEREDSECURITY TO A MASSACHUSETTS RESIDENT.
Sanctions Ordered: Censure
Order
Disclosure 34 of 75
i
Reporting Source: Firm
Initiated By: AMEX
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 04/29/1970
Docket/Case Number: NONE
Principal Product Type: Equity Listed (Common & Preferred Stock)
Other Product Type(s):
Allegations: SEE ITEM 13
Current Status: Final
Resolution Date: 04/29/1970
Resolution:
Other Sanctions Ordered:
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $7500.00. DATE PAID IS UNAVAILABLEBUT BELIEVED TO BE WITHIN 30 DAYS OF 04/29/1970.
Sanctions Ordered: CensureMonetary/Fine $7,500.00
Order
91©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $7500.00. DATE PAID IS UNAVAILABLEBUT BELIEVED TO BE WITHIN 30 DAYS OF 04/29/1970.
Firm Statement APRIL 29, 1970, A.G. EDWARDS & SONS, INC. CENSURED AND FINED $7500BY THE AMERICAN STOCK EXCHANGE FOR FAILURE TO SUPERVISE INRELATION TO TRANSACTIONS IN STOCK OF WESTEC CORPORATIONDURING 1966.
Disclosure 35 of 75
i
Reporting Source: Firm
Initiated By: STATE OF SOUTH DAKOTA
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 10/25/1994
Docket/Case Number: NONE
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13
Current Status: Final
Resolution Date: 10/25/1994
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $2000.00 ON 10/25/1994
Firm Statement OCTOBER 25, 1994, A.G. EDWARDS & SONS, INC. PAID $2000 FINE TO THESTATE OF SOUTH DAKOTA. NO RULE VIOLATIONS WERE CITED.
Sanctions Ordered: Monetary/Fine $2,000.00
Consent
Disclosure 36 of 75
i
Reporting Source: Firm
Initiated By: NORTH DAKOTA COMMISSIONER OF SECURITIES
Allegations: SEE ITEM 13.
Current Status: Final
92©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
INVESTIGATION DECISION & ORDER
Date Initiated: 01/03/1997
Docket/Case Number: N/A
Principal Product Type: No Product
Other Product Type(s):
Resolution Date: 01/03/1997
Resolution:
Other Sanctions Ordered: SEE ITEM 13.
Sanction Details: A.G. EDWARDS & SONS, INC. AGREED TO REFUND A CUSTOMER $3472.00PLUS INTEREST. DATE PAID IS UNAVAILABLE BUT BELIEVED TO BE WITHIN30 DAYS OF 01/03/1997.
Firm Statement JANUARY 3, 1997, A.G. EDWARDS & SONS, INC. FOUND IN ANINVESTIGATION DECISION AND ORDER TO HAVE VIOLATED SECTION 10-04-11(1)(M) OF THE NORTH DAKOTA CENTURY CODE, NORTH DAKOTAADMINISTRATIVE RULE 73-02-09-02(29) AND ARTICLE III, SECTION 27(A) INPARAGRAPH 2177 OF THE RULES OF FAIR PRACTICE OF THE NATIONALASSOCIATION OF SECURITIES DEALERS, INC. AND AGREED TO REFUND ACUSTOMER $3472 PLUS INTEREST.
Sanctions Ordered: Disgorgement/Restitution
Order
Disclosure 37 of 75
i
Reporting Source: Firm
Initiated By: WYOMING SECRETARY OF STATE
Principal Sanction(s)/ReliefSought:
Other
Date Initiated: 10/12/1994
Docket/Case Number: 93-02
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13
Current Status: Final
93©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
ADMINISTRATIVE PENALTY
Resolution Date: 10/12/1994
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $3270.82. DATE PAID IS UNAVAILABLEBUT BELIEVED TO BE WITHIN 30 DAYS OF 10/12/1994.
Firm Statement OCTOBER 12, 1994, A.G. EDWARDS & SONS, INC. TO PAY ANADMINISTRATIVE PENALTY OF $3270.82 TO THE STATE OF WYOMING,SECRETARY OF STATE.
Sanctions Ordered: Monetary/Fine $3,720.82
Settled
Disclosure 38 of 75
i
Reporting Source: Firm
Initiated By: COMMODITY EXCHANGE, INC.
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 01/27/1981
Docket/Case Number: NONE
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 01/27/1981
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $5000. DATE PAID IS UNAVAILABLE BUTBELIEVED TO BE WITHIN 30 DAYS OF 1/27/1981.
Sanctions Ordered: CensureMonetary/Fine $5,000.00
Order
94©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $5000. DATE PAID IS UNAVAILABLE BUTBELIEVED TO BE WITHIN 30 DAYS OF 1/27/1981.
Firm Statement JANUARY 27, 1981, A.G. EDWARDS & SONS, INC. CENSURED AND FINED$5000 BY COMMODITY EXCHANGE, INC. FOR VIOLATION OF SILVER RULE7(A) RELATING TO FAILURE TO FILE REQUIRED REPORTS.
Disclosure 39 of 75
i
Reporting Source: Firm
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 02/19/1982
Docket/Case Number: KC-251-SC
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 02/19/1982
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: A.G. EDWARDS PAID $350. DATE PAID IS UNAVAILABLE BUT BELIVED TO BEWITHIN 6 MONTHS OF 02/19/1982.
Firm Statement FEBRUARY 19, 1982, A.G. EDWARDS & SONS, INC. CENSURED AND FINED$350 BY NASD FOR VIOLATION OF ARTICLE III, SECTION 1, NASD RULES OFFAIR PRACTICE.
Sanctions Ordered: CensureMonetary/Fine $350.00
Order
Disclosure 40 of 75
i
Reporting Source: Firm
Allegations: SEE ITEM 13.
Current Status: Final
95©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: NEW YORK COTTON EXCHANGE
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 06/20/1982
Docket/Case Number: NONE
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Resolution Date: 06/20/1982
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $2000. DATE PAID IS UNAVAILABLE BUTBELIEVED TO BE WITHIN 30 DAYS OF 6/20/1982.
Firm Statement JUNE 20, 1982, A.G. EDWARDS & SONS, INC. FINED $2000 BY THE CITRUSASSOCIATES OF THE NEW YORK COTTON EXCHANGE RELATING TO TIMESTAMPING OF PHONE ORDERS.
Sanctions Ordered: Monetary/Fine $2,000.00
Other
Disclosure 41 of 75
i
Reporting Source: Firm
Initiated By: PACIFIC STOCK EXCHANGE
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
CONSENT AGREEMENT
Date Initiated: 08/06/1996
Docket/Case Number: NONE
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
96©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanction(s)/ReliefSought:
CONSENT AGREEMENT
Resolution Date: 08/06/1996
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: NONE
Firm Statement AUGUST 6, 1996, A.G. EDWARDS & SONS, INC. ENTERED INTO A CONSENTAGREEMENT WITH THE PACIFIC STOCK EXCHANGE WHEREBY EDWARDSWAS FOUND TO HAVE VIOLATED PSE RULE 4.6(A).
Sanctions Ordered:
Consent
Disclosure 42 of 75
i
Reporting Source: Firm
Initiated By: COMMONWEALTH OF MASSACHUSETTS
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
ADMINISTRATIVE FEE
Date Initiated: 10/02/1989
Docket/Case Number: E-89-165
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 10/02/1989
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $5000 ADMINISTRATIVE FEE. DATE PAIDIS UNAVAILABLE BUT BELIEVED TO BE WITHIN 30 DAYS OF 10/02/1989.
Firm Statement OCTOBER 2, 1989, COMMONWEALTH OF MASSACHUSETTS CONSENTORDER (DOCKET E-89-165) REQUIRING A.G. EDWARDS & SONS, INC. TOPAY AN ADMINISTRATIVE FEE OF $5000 TO THE COMMONWEALTH AND TOADOPT AND MAINTAIN POLICIES TO REASONABLY ENSURE COMPLIANCEWITH ALL RQUIREMENTS OF MASSACHUSETTS LAW AND REGULATIONSRELATING TO TRANSACTIONS IN SECURITIES. NO EXEMPTION UNDER402(B)9, (B)11 AND (B)13, IS DENIED BY VIRTUE OF THESE PROCEEDINGS.
Sanctions Ordered: Monetary/Fine $5,000.00
Decision & Order of Offer of Settlement
97©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
OCTOBER 2, 1989, COMMONWEALTH OF MASSACHUSETTS CONSENTORDER (DOCKET E-89-165) REQUIRING A.G. EDWARDS & SONS, INC. TOPAY AN ADMINISTRATIVE FEE OF $5000 TO THE COMMONWEALTH AND TOADOPT AND MAINTAIN POLICIES TO REASONABLY ENSURE COMPLIANCEWITH ALL RQUIREMENTS OF MASSACHUSETTS LAW AND REGULATIONSRELATING TO TRANSACTIONS IN SECURITIES. NO EXEMPTION UNDER402(B)9, (B)11 AND (B)13, IS DENIED BY VIRTUE OF THESE PROCEEDINGS.
Disclosure 43 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date Initiated: 06/30/1999
Allegations: RESPONDENT MEMBER FIRM: FAILED TO CONTEMPORANEOUSLYEXECUTE NUMEROUS CUSTOMER LIMIT ORDERS AFTER IT TRADED EACHSUCH SUBJECT SECURITY FOR ITS OWN MARKET-MAKING ACCOUNT AT APRICE THAT WOULD SATISFY EACH SUCH CUSTOMER LIMIT ORDER;FAILED TO PRESERVE FOR A PERIOD OF NOT LESS THAN SIX YEARSMEMORANDA OF BROKERAGE ORDERS RECEIVED FROM OTHERDEALERS THAT SHOWED THE TERMS AND CONDITIONS OF THE ORDERSAND THE TIME THE ORDERS WERE ENTERED; INCORRECTLY REPORTEDTRANSACTIONS IN NASDAQ NATIONAL MARKET (NNM) SECURITIES TO ACTTHAT WERE NEVER EXECUTED, FAILED TO REPORT A TRANSACTION IN ANNNM SECURITY, AND FAILED TO DESIGNATE NUMEROUS TRANSACTIONSIN NNM SECURITIES AS LATE TO ACT; REPORTED TO ACT AN INCORRECTEXECUTION TIME IN A TRANSACTION IN A NNM SECURITY AND FAILED TOREPORT TO ACT THE CORRECT PRICE FOR TRANSACTIONS IN NNMSECURITIES; FAILED TO ACCEPT OR DECLINE A TRANSACTION IN ANELIGIBLE SECURITY WITHIN 20 MINUTES OF EXECUTION; FAILED TOREPORT TO ACT THE CORRECT VOLUME FOR A TRANSACTION IN AN OTCEQUITY SECURITY; FAILED TO REPORT CORRECTLY TO ACT THE CAPACITYIN WHICH IT EXECUTED TRANSACTIONS IN ELIGIBLE SECURITIES ANDFAILED TO REPORT TO ACT THE CONTRA SIDE EXECUTING BROKER FORTRANSACTIONS IN ELIGIBLE SECURITIES; FAILED TO DISPLAYIMMEDIATELY CUSTOMER LIMIT ORDERS, WHEN THE ORDERS WERE AT APRICE THAT WOULD HAVE IMPROVED THE MEMBER FIRM'S BID OR OFFERIN EACH SECURITY RELATED TO THOSE ORDERS; AND FAILED TOESTABLISH, MAINTAIN, AND ENFORCE WRITTEN SUPERVISORYPROCEDURES REASONABLY DESIGNED TO ACHIEVE COMPLIANCE WITHTHE APPLICABLE RULES RELATING TO THE LIMIT ORDER PROTECTIONINTERPRETATION, RECORD KEEPING, TRADE REPORTING, SEC RULE 10B-10, AND THE LIMIT ORDER DISPLAY RULE. (NASD CONDUCT RULES 2110,3010; IM-2110-2; NASD MARKETPLACE RULES 4632(A) & (C), 6130(B),6620(C), 6130(D); AND SEC RULES 11AC1-4 & 17A-4.)
Current Status: Final
98©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
FINE OF $9500.00
Docket/Case Number: CMS990062
Principal Product Type: No Product
Other Product Type(s):
Resolution Date: 06/30/1999
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: CENSURE; FINE OF $9500.00
Regulator Statement 02-04-00, $9,500 PAID ON 7/30/99, INVOICE #99-MS-647
Sanctions Ordered: CensureMonetary/Fine $9,500.00
Acceptance, Waiver & Consent(AWC)
iReporting Source: Firm
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
Date Initiated: 06/28/1999
Docket/Case Number: AWC NO. CMS990062
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 06/28/1999
Resolution:
Other Sanctions Ordered:
Sanctions Ordered: CensureMonetary/Fine $9,500.00
Acceptance, Waiver & Consent(AWC)
99©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanctions Ordered:
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $9500.00. DATE PAID IS UNAVAILABLEBUT BELIEVED TO HAVE BEEN WITHIN 30 DAYS OF 06/28/1999.
Firm Statement ON JUNE 28, 1999, A.G. EDWARDS CENSURED AND FINED $9500 BY NASDFOR RULE VIOLATIONS.
Disclosure 44 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 07/27/1967
Docket/Case Number: K-87
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
Resolution Date: 12/03/1968
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement COMPLAINT K-87 FILED 07/27/67.DECISION 07/16/68. CENSURED ANDFINED $12,000. ASSESSED COSTS OF$304.30. BOARD OF GOVERNORSAFFIRMED DECISION 12/03/68
Sanctions Ordered: CensureMonetary/Fine $12,000.00
Order
iReporting Source: Firm
100©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Suspension
Other Sanction(s)/ReliefSought:
CENSURE, FINE, COSTS
Date Initiated: 01/24/1969
Docket/Case Number: K-87
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 01/24/1969
Resolution:
Other Sanctions Ordered:
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $12000.00. DATE IS UNAVAILABLE BUTBELIEVED TO BE APPROXIMATELY 2/21/69. THE FIRM WAS SUSPENDED 5DAYS BEGINNING 2/17/69.
Firm Statement JANUARY 24, 1969, A.G. EDWARDS & SONS, INC. AND BENJAMIN F.EDWARDS, III WERE FINED $12000 JOINTLY AND SEVERALLY ANDSUSPENDED FIVE BUSINESS DAYS BY NASD FOR VIOLATION OF NASDFREERIDING RULES AND RULES RELATING TO REVIEW AND INITIALING OFTRADES AND CORRESPONDENCE.
Sanctions Ordered: Monetary/Fine $12,000.00Suspension
Order
Disclosure 45 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date Initiated: 02/17/1969
Docket/Case Number:
Principal Product Type:
Allegations:
Current Status: Final
101©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Principal Product Type:
Other Product Type(s):
Resolution Date: 02/21/1969
Resolution:
Regulator Statement SUSPENDED BY THE B/G FOR FIVE (5) DAYSCOMMENCING AT THE OPENING OF BUSINESS FEB. 17,1969 AND CONCLUDING AT THE CLOSE OF BUSINESSFEBRUARY 21, 1969. W. L. 02/14/69
Order
iReporting Source: Firm
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS
Principal Sanction(s)/ReliefSought:
Suspension
Other Sanction(s)/ReliefSought:
Date Initiated: 02/17/1969
Docket/Case Number: NONE
Principal Product Type: Other
Other Product Type(s):
Allegations: SEE #13
Current Status: Final
Resolution Date: 02/21/1969
Resolution:
Other Sanctions Ordered:
Sanction Details: SUSPENDED BY THE B/G FOR FIVE (5) DAYS COMMENCING AT THEOPENING OF BUSINESS FEBRUARY 17, 1969 AND CONCLUDING AT THECLOSE OF BUSINESS FEBRUARY 21, 1969. W.L. 02/14/1969
Firm Statement THIS DRP IS IN RESPONSE TO A U-6 REFLECTED ON THE BD. PLEASENOTE THAT RECORDS ARE NO LONGER AVAILABLE DUE TO THE AGE OFTHE MATTER.
Sanctions Ordered: Suspension
Decision
102©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Statement THIS DRP IS IN RESPONSE TO A U-6 REFLECTED ON THE BD. PLEASENOTE THAT RECORDS ARE NO LONGER AVAILABLE DUE TO THE AGE OFTHE MATTER.
Disclosure 46 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 03/03/1998
Docket/Case Number: CAF980008
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
Resolution Date: 03/03/1998
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement ON MARCH 3, 1998, THE DEPARTMENT OF ENFORCEMENT NOTIFIEDRESPONDENT A.G. EDWARDS & SONS, INC. THAT THE LETTER OFACCEPTANCE, WAIVER AND CONSENT NO. CAF980008 WAS ACCEPTED;THEREFORE, RESPONDENT MEMBER IS CENSURED AND FINED $7,500,PAYABLE TO NASD WITHIN 10 DAYS OF FINAL NAC APPROVAL OF THE AWC- (NASD RULE 2110 AND MSRB RULE G-8 - RESPONDENT MEMBER'SRECORDS REGARDING EXPENSES INACCURATELY REFLECTED THAT$8,632HAD BEEN PAID TO A FIRM FOR CONSULTING SERVICES INCURRED INCONNECTION WITH A SECURITIES TRANSACTION, AND RESPONDENTMEMBERS' RECORDS REGARDING DISBURSEMENTS OF CASH AND DEBITSFORTHAT SECURITIES TRANSACTION ALSO INACCURATELY REFLECTED THAT$8,632 WAS PAID TO THE FIRM AS A "CONSULTING EXPENSE" FOR THATTRANSACTION, WHEN, IN FACT, THE FIRM DID NOT PROVIDE CONSULTINGSERVICES OR ADVICE TO ANYONE IN CONNECTION WITH THETRANSACTION, IN VIOLATION OF SEC RULE 17a-3).
04-13-99, $7,500 PAID ON 11/06/98, INVOICE #98-AF-821
Sanctions Ordered: CensureMonetary/Fine $7,500.00
Acceptance, Waiver & Consent(AWC)
103©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
ON MARCH 3, 1998, THE DEPARTMENT OF ENFORCEMENT NOTIFIEDRESPONDENT A.G. EDWARDS & SONS, INC. THAT THE LETTER OFACCEPTANCE, WAIVER AND CONSENT NO. CAF980008 WAS ACCEPTED;THEREFORE, RESPONDENT MEMBER IS CENSURED AND FINED $7,500,PAYABLE TO NASD WITHIN 10 DAYS OF FINAL NAC APPROVAL OF THE AWC- (NASD RULE 2110 AND MSRB RULE G-8 - RESPONDENT MEMBER'SRECORDS REGARDING EXPENSES INACCURATELY REFLECTED THAT$8,632HAD BEEN PAID TO A FIRM FOR CONSULTING SERVICES INCURRED INCONNECTION WITH A SECURITIES TRANSACTION, AND RESPONDENTMEMBERS' RECORDS REGARDING DISBURSEMENTS OF CASH AND DEBITSFORTHAT SECURITIES TRANSACTION ALSO INACCURATELY REFLECTED THAT$8,632 WAS PAID TO THE FIRM AS A "CONSULTING EXPENSE" FOR THATTRANSACTION, WHEN, IN FACT, THE FIRM DID NOT PROVIDE CONSULTINGSERVICES OR ADVICE TO ANYONE IN CONNECTION WITH THETRANSACTION, IN VIOLATION OF SEC RULE 17a-3).
04-13-99, $7,500 PAID ON 11/06/98, INVOICE #98-AF-821
iReporting Source: Firm
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 11/18/1997
Docket/Case Number: CAF980008
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 11/18/1997
Resolution:
Other Sanctions Ordered:
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $7500 WITHIN 10 DAYS OF 11/18/1997.
Firm Statement NOVEMBER 18, 1997, NASD LETTER OF ACCEPTANCE, WAIVER & CONSENTWHEREBY A.G. EDWARDS & SONS, INC. IS CENSURD AND FINED $7500FOR VIOLATIONS OF SECTION 17(A) OF THE SECURITIES EXCHANGE ACTOF 1934 AND RULE 17A-3 THEREUNDER, MUNICIPAL SECURITIESRULEMAKING BOARD RULE 6-8 AND NASD CONDUCT RULE 2110.
Sanctions Ordered: CensureMonetary/Fine $7,500.00
Acceptance, Waiver & Consent(AWC)
Disclosure 47 of 75
i
Reporting Source: Regulator
104©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: VIRGINIA - STATE CORPORATION COMMISSIONDIVISION OF SECURITIES
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 03/23/1998
Docket/Case Number: SEC980015
URL for Regulatory Action:
Principal Product Type:
Other Product Type(s):
Allegations: A.G. EDWARDS VIOLATED THE COMMISSION'SSECURITIES ACT RULES 21 VAC 5-20-260 D.2. 21 VAC 5-20-260 D.3AND 21 VAC 5-20-260 E.1. PERTAINING TO AGENT SUPERVISION.
Current Status: Final
Resolution Date: 03/23/1998
Resolution:
Other Sanctions Ordered:
Sanction Details: A.G. EDWARDS & SONS, INC. WAS FINED A MONETARYPENALTY IN THE AMOUNT OF $5,000.00 FOR ITS ALLEGED VIOLATIONSOF THE COMMISSION'S RULES PERTAINING TO ACT AND ASSESSED$1,000.00 INVESTIGATION COSTS. A.G. EDWARDS & SONS, INC.REQUIRED TO REVIEW AND EVALUATE ITS CURRENT WRITTENSUPERVISORYPOLICIES, PROCEDURES AND INTERNAL CONTROLS WITH RESPECT TOTHESAFEGUARDING OF CASH AND SECURITIES, CUSTOMERDISBURSEMENTS,REVIEW OF NON-EMPLOYEE, EMPLOYEE AND RELATED ACCOUNTS, ANDPROCEDURES APPLICABLE TO SUPERVISION AND REVIEW OVERDESIGNATEDSUPERVISORS TO ENSURE THEY FULFILL THEIR SUPERVISORYOBLIGATIONS AS REQUIRED. A.G. EDWARDS & SONS, INC. IS REQUIREDTO REVISE AND REPORT TO THE DIVISION, UPDATES AND IMPROVEMENTSOF THE INTERNAL CONTROLS AND PROCEDURES IN THESE AREAS.
Regulator Statement SUSAN WATTS KREITER A SALES ASSISTANT EMPLOYEDBY A.G. EDWARDS & SONS, INC. DEFRAUDED VIRGINIA INVESTORS OFFUNDS TOTALING OVER $278,000. CONTACT: HAZEL STEWART,BROKER-DEALER EXAMINER, 804-371-9685.
Sanctions Ordered: Monetary/Fine $5,000.00
Decision
105©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Regulator Statement SUSAN WATTS KREITER A SALES ASSISTANT EMPLOYEDBY A.G. EDWARDS & SONS, INC. DEFRAUDED VIRGINIA INVESTORS OFFUNDS TOTALING OVER $278,000. CONTACT: HAZEL STEWART,BROKER-DEALER EXAMINER, 804-371-9685.
iReporting Source: Firm
Initiated By: COMMONWEALTH OF VIRGINIA SECURITIES DIVISION
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 03/23/1998
Docket/Case Number: SEC980015
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 03/23/1998
Resolution:
Other Sanctions Ordered: $1000 REIMBURSEMENT FOR COSTS OF INVESTIGATION.
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $6000. DATE PAID IS UNAVAILABLE BUTBELIEVED TO BE WITHIN 30 DAYS OF 3/23/1998.
Firm Statement A.G. EDWARDS & SONS, INC. NAMED IN OFFER OF SETTLEMENT WITH THECOMMONWEALTH OF VIRGINIA WHEREBY EDWARDS AGREES TO PAY APENALTY OF $5000 AND $1000 AS REIMBURSEMENT FOR THE COSTS OFTHE DIVISION'S INVESTIGATION INTO THE ACTIVITIES OF A FORMER BACKOFFICE EMPLOYEE.
Sanctions Ordered: Monetary/Fine $5,000.00
Decision & Order of Offer of Settlement
Disclosure 48 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Allegations:
Current Status: Final
106©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 03/10/1998
Docket/Case Number: C04980005
Principal Product Type:
Other Product Type(s):
Resolution Date: 03/10/1998
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement ON MARCH 10, 1998, DISTRICT NO. 4 NOTIFIED RESPONDENT A.G.EDWARDS & SONS, INC. THAT THE LETTER OF ACCEPTANCE, WAIVER ANDCONSENT NO. C04980005 WAS ACCEPTED; THEREFORE, THE FIRM ISCENSURED AND FINED $250 - (MSRB RULE G-37 - RESPONDENT MEMBERFAILED TO REFLECT NEGOTIATED UNDERWRITINGS ON FORM G-37/G-38).
*** $250.00 PAID ON 4/27/98, INVOICE NO. 98-04-318 ***
Sanctions Ordered: CensureMonetary/Fine $250.00
Acceptance, Waiver & Consent(AWC)
iReporting Source: Firm
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Censure
Date Initiated: 03/10/1998
Docket/Case Number: CO 4980005
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
107©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
$250 FINE
Resolution Date: 03/10/1998
Resolution:
Other Sanctions Ordered:
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $250.00. DATE PAID IS UNAVAILABLEBUT BELIEVED TO BE WITHIN 30 DAYS OF 3/10/98.
Firm Statement MARCH 10, 1998, NASD LETTER OF ACCEPTANCE, WAIVER & CONSENTWHEREBY EDWARDS IS CENSURED AND FINED $250.00 FOR VIOLATIONSOF MSRB RULE G-37.
Sanctions Ordered: CensureMonetary/Fine $250.00
Acceptance, Waiver & Consent(AWC)
Disclosure 49 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 09/11/1997
Docket/Case Number: CMS 970029 AWC
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
Resolution Date: 09/11/1997
Resolution:
Other Sanctions Ordered:
Sanction Details:
Sanctions Ordered: Monetary/Fine $2,000.00
Acceptance, Waiver & Consent(AWC)
108©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sanction Details:
Regulator Statement LETTER OF ACCEPTANCE, WAIVER & CONSENT NO. CMS970029 AWC.
ON SEPTEMBER 11, 1997, A.G. EDWARDS & SONS, INC. (AGED) WASNOTIFIED THAT THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT(AWC) IT SUBMITTED WAS ACCEPTED BY THE MARKET REGULATION ANDTHE NATIONAL BUSINESS CONDUCT COMMITTEES. THE AWC ALLEGESTHATAGED VIOLATED SEC RULES 10b-10(a)(2) AND 17a-3, AND NASDCONDUCT RULES 3110 AND 3110(b)(2) FOR THE FOLLOWING ACTIVITY:
AGED FAILED TO PROVIDE, ON TWO OCCASIONS, WRITTEN NOTIFICATIONTO ITS CUSTOMERS OF THE REPORTED TRADE PRICE, AND THEDIFFERENCE BETWEEN THE REPORTED REPORTED TRADE PRICE ANDTHEPRICE TO EACH SUCH CUSTOMER; FAILED TO INDICATE ON THEMEMORANDUM FOR EIGHT TRANSACTIONS IN NON-NASDAQ SECURITIESTHENAME OF EACH DEALER CONTACTED AND THE QUOTATIONS RECEIVED TODETERMINE THE BEST INTER-DEALER MARKET; AND FAILED TO TIMESTAMP THE EXECUTION TIME ON ELEVEN ORDER TICKETS. AGED WASFINED $2,000.
******* $2,000 PAID ON 10/16/97, INVOICE NO. 97-MS-878 *******
iReporting Source: Firm
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 09/11/1997
Docket/Case Number: CMS970029
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution: Acceptance, Waiver & Consent(AWC)
109©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Resolution Date: 09/18/1997
Resolution:
Other Sanctions Ordered:
Sanction Details: A.G. EDWARDS & SONS,INC. PAID $2000 ON A DATE BELIEVED TO BEWITHIN 30 DAYS OF 09/18/1997.
Firm Statement SEPTEMBER 18, 1997, NASD LETTER OF ACCEPTANCE, WAIVER &CONSENT, WHEREBY A.G. EDWARDS & SONS, INC. IS FINED $2000 FORVIOLATIONS OF SEC RULE 10B-10(A)(2) AND CONDUCT RULE 3100(B)(2),SEC RULE 17-A-3(6) AND CONDUCT RULE 3110.
Sanctions Ordered: Monetary/Fine $2,000.00
Acceptance, Waiver & Consent(AWC)
Disclosure 50 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 06/18/1997
Docket/Case Number: C3A970045
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
Resolution Date: 06/18/1997
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement ON JUNE 18, 1997, DISTRICT NO. 3 NOTIFIED RESPONDENTS A.G.EDWARDS & SONS, INC. AND BRUCE REED THAT THE LETTER OFACCEPTANCE, WAIVER AND CONSENT NO. C3A970045 WAS ACCEPTED;THEREFORE, THEY ARE CENSURED AND FINED $15,000, JOINTLY ANDSEVERALLY AND RESPONDENT REED IS REQUIRED TO REQUALIFY AS ABRANCH MANAGER BY TAKING THE SERIES 8 EXAM WITHIN 120 DAYS OFTHE DATE UPON WHICH THIS AWC BECOMES FINAL OR CEASE TOFUNCTIONAS A BRANCH MANAGER UNTIL HE SO REQUALIFIES - (NASD RULE 3010 -RESPONDENT MEMBER, ACTING THROUGH RESPONDENT REED, FAILEDTOSUPERVISE A REPRESENTATIVE IN A MANNER REASONABLY DESIGNED TOACHIEVE COMPLIANCE WITH NASD RULES PERTAINING TO PRIVATESECURITIES TRANSACTIONS).
**$15,000.00 PAID J&S ON 8/07/97, INVOICE #97-3A-609**
Sanctions Ordered: CensureMonetary/Fine $15,000.00
Acceptance, Waiver & Consent(AWC)
110©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
ON JUNE 18, 1997, DISTRICT NO. 3 NOTIFIED RESPONDENTS A.G.EDWARDS & SONS, INC. AND BRUCE REED THAT THE LETTER OFACCEPTANCE, WAIVER AND CONSENT NO. C3A970045 WAS ACCEPTED;THEREFORE, THEY ARE CENSURED AND FINED $15,000, JOINTLY ANDSEVERALLY AND RESPONDENT REED IS REQUIRED TO REQUALIFY AS ABRANCH MANAGER BY TAKING THE SERIES 8 EXAM WITHIN 120 DAYS OFTHE DATE UPON WHICH THIS AWC BECOMES FINAL OR CEASE TOFUNCTIONAS A BRANCH MANAGER UNTIL HE SO REQUALIFIES - (NASD RULE 3010 -RESPONDENT MEMBER, ACTING THROUGH RESPONDENT REED, FAILEDTOSUPERVISE A REPRESENTATIVE IN A MANNER REASONABLY DESIGNED TOACHIEVE COMPLIANCE WITH NASD RULES PERTAINING TO PRIVATESECURITIES TRANSACTIONS).
**$15,000.00 PAID J&S ON 8/07/97, INVOICE #97-3A-609**
iReporting Source: Firm
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 06/18/1997
Docket/Case Number: C3A970045
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 06/18/1997
Resolution:
Other Sanctions Ordered: SEE 12C
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $15,000 FINE WITHIN 30 DAYS OF 6/18/97.
Firm Statement JUNE 18, 1997, NASD LETTER OF ACCEPTANCE, WAIVER & CONSENT FORVIOLATION OF CONDUCT RULE 3010.
Sanctions Ordered: CensureMonetary/Fine $15,000.00
Acceptance, Waiver & Consent(AWC)
Disclosure 51 of 75
i
111©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 51 of 75
Reporting Source: Regulator
Initiated By: UNITED STATES COMMODITY FUTURES TRADE COMMISSION
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 11/13/1996
Docket/Case Number: 97-2
Principal Product Type: Futures - Commodity
Other Product Type(s):
Allegations: THE CFTC PROCEEDINGS BULLETIN DATED DECEMBER 31, 1996,PAGE 1, DISCLOSES: THE COMMODITY FUTURES TRADINGCOMMISSION ("CFTC") FILED A COMPLAINT AGAINST A. G. EDWARDS &SONS INC. UNDER THE PROVISIONS OF CFTC ACTS 4(A), 4C(B), 4M(1),4O(1), 4B AND 4C(B) AND REGULATIONS 33.10, 4.13(B), 4.31(A) AND 166.2.
Current Status: Final
Resolution Date: 06/20/2003
Resolution:
Other Sanctions Ordered:
Sanction Details: CFTC DOCKET NO. 97-2, DATED JUNE 20, 2003: THE CFTC ANNOUNCEDTHAT THE RESPONDENT HAS SUBMITTED AN OFFER OF SETTLEMENTWITHOUT ADMITTING OR DENYING THE ALLEGATIONS; THEREFORE, IT ISORDERED THAT RESPONDENT SHALL PAY A CIVIL MONETARY PENALTY INTHE AMOUNT OF $45,000 WITHIN FIVE DAYS OF THE DATE OF THIS ORDER.IN ACCORDANCE WITH SECTION 6(E)(2) OF THE ACT, 7 U.S.C. SECTION9A(2), IF RESPONDENT FAILS TO MAKE PAYMENT OF THE PENALTY WITHINFIFTEEN (15) DAYS OF THE RESPECTIVE DUE DATE, IT SHALL BEAUTOMATICALLY PROHIBITED FROM TRADING ON OR SUBJECT TO THERULES OF ANY REGISTERED ENTITY, AS DEFINED IN SECTION 1A(29) OFTHE ACT, 7 U.S.C. SECTION 1A(29), AND ITS REGISTRATION SHALL BEAUTOMATICALLY SUSPENDED UNTIL IT SHOWS TO THE SATISFACTION OFTHE CFTC THAT PAYMENT OF THE FULL AMOUNT OF THE PENALTY WITHINTEREST THEREON TO THE DATE OF PAYMENT HAD BEEN MADE.
Sanctions Ordered: Monetary/Fine $45,000.00
Decision & Order of Offer of Settlement
iReporting Source: 112©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Firm
Initiated By: CFTC
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
COMPLAINT & NOTICE OF HEARING
Date Initiated: 11/13/1996
Docket/Case Number: 97-2
Principal Product Type: Commodity Option(s)
Other Product Type(s):
Allegations: SEE ITEM 13
Current Status: Final
Resolution Date: 06/23/2003
Resolution:
Other Sanctions Ordered:
Sanction Details: OFFER OF SETTLEMENT
Firm Statement NOVEMBER 13, 1996, A.G. EDWARDS & SONS, INC. IS NAMED IN A "COMPLAINT & NOTICE OF HEARING" BY THE COMMODITY FUTURESTRADE COMMISSION FOR ALLEGED VIOLATIONS OF SECTION 4M(1) OFTHE COMMODITY EXCHANGE ACT AND OF REGULATION 166.2 BY ANAGENT OF EDWARDS.
Sanctions Ordered: Monetary/Fine $45,000.00
Order
Disclosure 52 of 75
i
Reporting Source: Regulator
Initiated By: CONNECTICUT DEPT. OF BANKING
Date Initiated: 11/22/1996
Docket/Case Number: 96-2954-CO
URL for Regulatory Action:
Allegations: ALLEGED FAILURE TO SUPERVISE CERTAIN BRANCHOFFICE OPERATIONS IN CONJUNCTION WITH THE HAND-DELIVERY OFCLIENT CHECKS AND THE REVIEW OF DOUBLE-ENDORSED CHECKS.
Current Status: Final
113©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
URL for Regulatory Action:
Principal Product Type:
Other Product Type(s):
Resolution Date: 11/22/1996
Resolution:
Other Sanctions Ordered:
Sanction Details: CONSENT ORDER ENTERED 11/22/96. IN FURTHERANCEOF ITS DESIRE TO INFORMALLY RESOLVE THE MATTER WITH THE DEPT.THE FIRM MADE A $5,000 CONTRIBUTION TO THE AGENCY'S INVESTOREDUCATION FUND. THE CONSENT ORDER DIRECTED THE FIRM TO ISSUEACOMPLIANCE ALERT TO ITS CONNECTICUT BRANCHES. THE COMPLIANCEALERT WOULD FOCUS ON THE HAND-DELIVERY OF CHECKS BY AGENTSANDTHE FIRM'S REVIEW OF DOUBLE ENDORSED CHECKS. IN ADDITION, FOR1 YEAR, THE FIRM'S INTERNAL AUDIT DEPT. WOULD BE REQUIRED TOCONDUCT QUARTERLY REVIEWS OF CONNECTICUT BRANCH OFFICECOMPLIANCE WITH THE COMPLIANCE ALERT'S POLICIES ANDPROCEDURES. THE CONSENT ORDER ALSO CONTEMPLATED THAT THE FIRM WOULDHOLD ACOMPLIANCE SEMINAR FOR ALL CT BRANCH MANAGERS WITHIN 120DAYS.IN ADDITION, SATISFACTION OF THE REGULATORY ELEMENT OF THENASD'S CONTINUING EDUCATION PROGRAM WOULD BE REQUIRED FORBRANCH OFFICE MANAGERS OF THE FIRM'S WILTON, CT AND DANBURY,CTOFFICES, AS WELL AS ALL CT BRANCH OFFICE MANAGERS WHO WOULDOTHERWISE BE REQUIRED TO COMPLETE THE PROGRAM. THE CONSENTORDER ALSO FINED THE FIRM $10,000 AND REQUIRED THAT IT PAY ANADDITIONAL $5,000 AS REIMBURSEMENT FOR AGENCY INVESTIGATIVECOSTS (TOTAL: $15,000).
Regulator Statement CONTACT: SID IGDALSKY, 860-240-8234.
Sanctions Ordered: Monetary/Fine $10,000.00
Consent
iReporting Source: 114©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Firm
Initiated By: CONNECTICUT DEPARTMENT OF BANKING
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
SEE ITEM 13
Date Initiated: 11/22/1996
Docket/Case Number: 96-2954-CO
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 11/22/1996
Resolution:
Other Sanctions Ordered: $5000 COSTS
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $15,000. DATE PAID IS UNAVAILABLEBUT BELIEVED TO BE WITHIN 30 DAYS OF 11/22/1996.
Firm Statement NOVEMBER 22, 1996, A.G. EDWARDS & SONS, INC. WITHOUT ADMITTINGOR DENYING WRONGDOING, AND SOLELY TO OBVIATE THE NEED FORFORMAL ADMINISTRATIVE PROCEEDINGS, ENTERED INTO A CONSENTORDER WITH THE STATE OF CONNECTICUT WHEREBY A.G. EDWARDS ISFINED $10,000 AND COSTS, AND A.G. EDWARDS AGREES TO TAKE CERTAINOTHER ACTIONS IN RELATIONS TO MANAGEMENT AWARENESS ANDPOLICY REVIEW. NO RULE VIOLATIONS WERE CITED.
Sanctions Ordered: Monetary/Fine $10,000.00
Consent
Disclosure 53 of 75
i
Reporting Source: Regulator
Initiated By: ARKANSAS SECURITIES DEPARTMENT
Allegations: FAILURE TO SUPERVISE AGENT AND FAILURE TOTAKE REASONABLE MEASURES TO PREVENT UNAUTHORIZED,UNSUITABLE,MISLEADING AND UNETHICAL SALES PRACTICES
Current Status: Final
115©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 12/20/1995
Docket/Case Number: 95-71-S
URL for Regulatory Action:
Principal Product Type:
Other Product Type(s):
Resolution Date: 12/20/1995
Resolution:
Other Sanctions Ordered:
Sanction Details: ORDER NO. 95-71-S ENTERED IN THE MATTER OF A. G.EDWARDS & SONS, INC. AND WILFORD ROBERT TAYLOR. TAYLOR WASCENSURED FOR VIOLATING THE ARKANSAS SECURITIES ACT.A.G.EDWARDSWAS FINED $5,000 AND ORDERED TO MAKE FULL RESTITUTION TO TWOCUSTOMERS ,MORRISS AND WALLACE, IN THE AMOUNT OF $65,000 AND$3,739 RESPECTIVELY. BOTH TAYLOR AND A.G.EDWARDS SUBMITTEDPLANS TO IMPROVE SUPERVISION OF THE ARKANSAS BRANCH OFFICE OFWHICH TAYLOR WAS SUPERVISOR.
Regulator Statement MICHAEL SCOTT AKIN (#1994539) WAS REGISTERED ASAN AGENT OF A.G. EDWARDS & SONS, INC. FROM 11/27/89 UNTIL8/21/95. DURING A PERIOD FROM 10/22/92 UNTIL 12/30/94, AKINENGAGED IN DISHONEST AND UNETHICAL PRACTICES IN THE ACCOUNTSOFTWO CUSTOMERS OF A.G. EDWARDS. WILFORD ROBERT TAYLOR(#443552)WAS THE PERSON NAMED BY A.G. EDWARDS AS THE PERSON WITHIMMEDIATE SUPERVISORY AUTHORITY OVER AGENTS IN THE EUREKASPRINGS, ARKANSAS BRANCH OFFICE, WHICH INCLUDED AKIN. BASEDUPON ITS INVESTIGATION, THE STAFF OF THE DEPARTMENT CONCLUDEDTHAT TAYLOR AND A.G. EDWARDS FAILED TO SUPERVISE AKIN'SACTIVITIES AND FAILED TO EXERCISE MEASURES TO PREVENT THEUNSUITABLE RECOMMENDATIONS, UNAUTHORIZED TRANSACTIONS, ANDOTHER UNFAIR, MISLEADING AND UNETHICAL PRACTICES ENGAGED IN BYAKIN. CONTACT: BRUCE BOKONY, CHIEF COUNSEL, 501-324-9260
Sanctions Ordered: Monetary/Fine $5,000.00
Consent
116©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
iReporting Source: Firm
Initiated By: ARKANSAS SECURITIES DEPARTMENT
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
ADMINISTRATIVE PENALTY
Date Initiated: 12/20/1995
Docket/Case Number: 95-71-S
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 12/20/1995
Resolution:
Other Sanctions Ordered:
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $5000 ADMINISTRATIVE PENALTY ANDRESTITUTION TO TWO CUSTOMERS IN THE AMOUNTS OF $65,000 AND$3739. DATE PAID IS UNAVAILABLE BUT BELIEVED TO BE WITHIN 30 DAYSOF 12/20/1995.
Firm Statement DECEMBER 20, 1995, A.G. EDWARDS & SONS, INC. ENTERED INTO ACONSENT ORDER WITH THE ARKANSAS SECURITIES DEPARTMENTWHEREBY A.G. EDWARDS IS TO PAY AN ADMINISTRATIVE PENALTY OF$5000 TO THE DEPARTMENT FOR VIOLATION OF ARKANSAS CODE 23-42-308(A)(2)(J).
Sanctions Ordered: Monetary/Fine $5,000.00Disgorgement/Restitution
Consent
Disclosure 54 of 75
i
Reporting Source: Regulator
Initiated By: FLORIDA DIVISION OF SECURITIES
Date Initiated: 06/26/1991
Allegations: NOT PROVIDED
Current Status: Final
117©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 06/26/1991
Docket/Case Number: 1498-S-5/91
URL for Regulatory Action:
Principal Product Type: Other
Other Product Type(s): UNKNOWN CRD DATA CONVERSION
Resolution Date: 10/09/1991
Resolution:
Other Sanctions Ordered:
Sanction Details: ON OCTOBER 9, 1991, THE FLORIDA DEPARTMENT OFBANKING AND FINANCE, DIVISION OF SECURITIES AND INVESTORPROTECTION ENTERED INTO A STIPULATION AND CONSENT AGREEMENTWITH RESPONDENT A. G. EDWARDS AND SONS INC. WHEREBY A. G.EDWARDS HAS AGREED TO REIMBURSE THE DEPARTMENT $500.00 INCOSTSAND IN CONJUNCTION WITH RESPONDENT FLAMMIO, REIMBURSE DORA L.CLANCY $11,000.00.
Regulator Statement NOT PROVIDED
Sanctions Ordered: Disgorgement/Restitution
Stipulation and Consent
iReporting Source: Firm
Initiated By: FLORIDA DIVISION OF SECURITIES
Principal Sanction(s)/ReliefSought:
Other
Date Initiated: 11/01/1991
Docket/Case Number: 1498-S-5/91 AND 1498A-S-5/91
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
118©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanction(s)/ReliefSought:
FINAL ORDER
Resolution Date: 11/01/1991
Resolution:
Other Sanctions Ordered: REIMBURSE CLIENT $11,000
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $500 REIMBURSEMENT FOR COSTS AND$11,000 REIMBURSED TO CLIENT. DATE PAID IS NOT AVAILABLE BUTBELIEVED TO BE WITHIN 30 DAYS OF 11/1/1991.
Firm Statement NOVEMBER 1, 1991, A.G. EDWARDS & SONS, INC. SOLELY FOR THEPURPOSE OF RESOLVING THE ACTION AGREED, WITHOUT ADMITTING THEALLEGATIONS OF THE COMPLAINT, TO ENTRY OF A FINAL ORDER WITH NOFINDINGS OF VIOLATIONS REGARDING THE FLORIDA ADMINISTRATIVEPROCEEDING #1498-S-5/91 AND #1498A-S-5/91.
Sanctions Ordered: Monetary/Fine $500.00Disgorgement/Restitution
Order
Disclosure 55 of 75
i
Reporting Source: Regulator
Initiated By: ALABAMA
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 02/18/1982
Docket/Case Number: Unknown
URL for Regulatory Action:
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
Resolution Date: 02/18/1982
Resolution:
Other Sanctions Ordered:
Sanctions Ordered: Cease and Desist/Injunction
Consent
119©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanctions Ordered:
Sanction Details:
Regulator Statement ALABAMA SECURITIES COMMISSIONER VS. A.G. EDWARDS & SONS, INC.TEMPORARY CEASE AND DESIST ORDER ISSUED FEBRUARY 18, 1982,PROHIBITING FURTHER OFFERS OR SALES OF SECURITIES BY NONREGISTERED PERSONNEL; THIS ADMINISTRATIVE ORDER WASTERMINATED AT THE SIGNING OF A CONSENT ORDER, AGREEING TOABIDE BY THE SECURITIES ACT OF ALABAMA.
iReporting Source: Firm
Initiated By: ALABAMA SECURITIES COMMISSION
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
CONSENT ORDER
Date Initiated: 02/18/1982
Docket/Case Number: CS-82-2
Principal Product Type: No Product
Other Product Type(s): OFFER OR SALE OF SECURITIES BY UNREGISTERED INDIVIDUALS
Allegations: OFFER OR SALE OF SECURITIES BY UNREGISTERED INDIVIDUALS
Current Status: Final
Resolution Date: 08/25/1982
Resolution:
Other Sanctions Ordered: SEE #13
Sanction Details: SEE #13
Firm Statement TEMPORARY CEASE AND DESIST ORDER ISSUED FEBRUARY 18, 1982PROHIBITING FURTHUR OFFER OFFER OR SALES OF SECURITIES BY NON-REGISTERED PERSONNEL; THIS ADMINISTRATIVE ORDER WASTERMINATED AT THE SIGNING OF A CONSENT ORDER AGREEING TO ABIDEBY THE SECURITIES ACT OF ALABAMA.
Sanctions Ordered:
Order
Disclosure 56 of 75
i
120©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 08/06/1968
Docket/Case Number: TEX-125
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
Resolution Date: 07/11/1969
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement COMPLAINT TEX-125 FILED 08/06/68.DECISION 07/11/69 CENSURED ANDFINE $1000, ASSESSED COSTSDECISION FINAL 08/10/69.FINES AND COSTS PAID
Sanctions Ordered: CensureMonetary/Fine $1,000.00
Decision
iReporting Source: Firm
Initiated By: NASD
Date Initiated: 07/11/1969
Docket/Case Number: TEX-125
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
121©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
FINE, COSTS
Other Product Type(s):
Resolution Date: 07/11/1969
Resolution:
Other Sanctions Ordered: $937 COSTS
Sanction Details: A.G. EDWARDS PAID $1937 ON 8/10/1969.
Firm Statement JULY 11, 1969, A.G. EDWARDS & SONS, INC. CENSURED, FINED $1000 ANDASSIGNED COSTS OF PROCEEDING BY NASD FOR VIOLATION OFSECTIONS 1 & 27 OF ARTICLE III, NASD RULES OF FAIR PRACTICE.
Sanctions Ordered: CensureMonetary/Fine $1,000.00
Order
Disclosure 57 of 75
i
Reporting Source: Regulator
Initiated By: VERMONT SECURITIES DIVISION
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 04/24/1994
Docket/Case Number: 94-003-S
URL for Regulatory Action:
Principal Product Type:
Other Product Type(s):
Allegations: EMPLOYING UNREGISTERED SALES REPRESENTATIVESIN VERMONT AND FAILING TO SUPERVISE SAID REPRESENTATIVES TOPREVENT UNREGISTERED ACTIVITY.
Current Status: Final
Resolution Date: 04/24/1994
Resolution: Consent
122©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanctions Ordered:
Sanction Details: RESPONDENT ENTERED INTO A CONSENT ORDER WHEREINIT NEITHER ADMITTED NOR DENIED THE DIVISION'S ALLEGATIONS THATIT EMPLOYED UNREGISTERED SALES REPRESENTATIVES IN VIUOLATIONOF9 VSA 4213(b) AND FAILED TO REASONABLY SUPERVISE SAIDREPRESENTATIVES IN VIOLATION OF 9 VSA 4221a(a)(11) TO PREVENTUNREGISTERED ACTIVITY. A FINE OF $1500.00 AND COSTS OF $250WERE PAID. SALES REPRESENTATIVES MARY ANN MCLAUGHLIN CRD#708820, AND JOHN T. MATWEY, CRD# 2319524 WERE NAMEDRESPONDENTSIN THE ORDER. THEIR PORTION OF THE FINE AMOUNTED TOCOMMISSIONSEARNED ON THE TRANSACTIONS EFFECTED WHILE UNREGISTERD INVERMONT.
Regulator Statement CONTACT: ENFORCEMENT ATTORNEY 802-828-3420
Sanctions Ordered: Monetary/Fine $1,500.00
iReporting Source: Firm
Initiated By: VERMONT SECURITIES DIVISION
Principal Sanction(s)/ReliefSought:
Prohibition
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 04/24/1994
Docket/Case Number: 94-003-S
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 04/24/1994
Resolution:
Other Sanctions Ordered: $250 ADMINISTRATIVE COSTS
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $1750. DATE PAID IS UNAVAILABLE BUTBELIEVED TO BE WITHIN 30 DAYS OF 04/24/1994.
Sanctions Ordered: Monetary/Fine $1,500.00
Order
123©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $1750. DATE PAID IS UNAVAILABLE BUTBELIEVED TO BE WITHIN 30 DAYS OF 04/24/1994.
Firm Statement VERMONT SECURITIES DIVISION ALLEGED VIOLATION OF SECTION 9 V.S.A.4213 AND 4221. A.G. EDWARDS ENTERED INTO A CONSENT ORDERWHEREBY WITHOUT FINDINGS OR ADMISSIONS OF VIOLATIONS, A.G.EDWARDS PAID AN ADMINISTRATIVE PENALTY OF $1500 PLUS $250 INADMINISTRATIVE COSTS.
Disclosure 58 of 75
i
Reporting Source: Regulator
Initiated By: IDAHO DEPARTMENT OF FINANCE
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 11/22/1993
Docket/Case Number: 1993-7-71
URL for Regulatory Action:
Principal Product Type:
Other Product Type(s):
Allegations: RESPONDENT GERALD MYERS, A REGISTEREDREPRESENTATIVE FOR A G EDWARDS & SONS, INC., RECOMMENDED TOCUSTOMERS THAT THEY SELL THEIR RJR NABISCO COMMON STOCK ANDBUYRJR NABISCO PREFERRED CONVERTIBLE STOCK. CUSTOMERS WERETOLDTHIS WOULD GENERATE HIGHER DIVIDENDS. IN ACTUALITY,COMMISSIONSCHARGED EXCEEDED DIVIDENDS.
Current Status: Final
Resolution Date: 11/22/1993
Resolution:
Other Sanctions Ordered:
Sanction Details: A G EDWARDS PAID A $1,000 FINE, SENT A LETTER OFAPOLOGY, OFFERED RESCISSION AND AGREED TO CONDUCT SPECIALSUPERVISION OF MYERS FOR A PERIOD OF SIX (6) MONTHS. AG EDWARDSADMITS THAT THE CONDUCT OF RESPONDENT MYERS WASINAPPROPRIATE.
Sanctions Ordered: Monetary/Fine $1,000.00
Decision
124©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sanction Details: A G EDWARDS PAID A $1,000 FINE, SENT A LETTER OFAPOLOGY, OFFERED RESCISSION AND AGREED TO CONDUCT SPECIALSUPERVISION OF MYERS FOR A PERIOD OF SIX (6) MONTHS. AG EDWARDSADMITS THAT THE CONDUCT OF RESPONDENT MYERS WASINAPPROPRIATE.
Regulator Statement EXPECTATIONS CONVEYED TO THE CUSTOMERS FOR THERECOMMENDATIONS MYERS MADE COULD NOT BE FULFILLED BECAUSETHECOMMISIONS TO BE CHARGED AND THE PRICE SPREAD BETWEEN THECOMMON AND PREFERRED STOCK EXCEEDED THE INCOME EXPECTEDFROMTHE HIGHER DIVIDENDS. AG EDWARDS MANAGEMENT PERSONNELFAILED TOINVESTIGATE AND HALT THE SWITCHES. CONTACT: BILL BLESSING -208/334-3684
iReporting Source: Firm
Initiated By: IDAHO SECURITIES BUREAU
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 11/22/1993
Docket/Case Number: 1993-7-1
Principal Product Type: Equity Listed (Common & Preferred Stock)
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 11/22/1993
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $1000. DATE PAID IS UNAVAILABLE BUTBELIEVED TO BE WITHIN 30 DAYS OF 11/22/1993.
Firm Statement NOVEMBER 22,1993, A.G. EDWARDS & SONS, INC. ENTERED INTO ANORDER WITH THE IDAHO SECURITIES BUREAU WHERE A.G. EDWARDS ISTO PAY A $1000 FINE TO THE DEPARTMENT OF FINANCE. THERE WERE NOFINDINGS OF VIOLATIONS.
Sanctions Ordered: Monetary/Fine $1,000.00
Order
125©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
NOVEMBER 22,1993, A.G. EDWARDS & SONS, INC. ENTERED INTO ANORDER WITH THE IDAHO SECURITIES BUREAU WHERE A.G. EDWARDS ISTO PAY A $1000 FINE TO THE DEPARTMENT OF FINANCE. THERE WERE NOFINDINGS OF VIOLATIONS.
Disclosure 59 of 75
i
Reporting Source: Regulator
Initiated By: CBOE
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 06/20/1990
Docket/Case Number: 88-0109B
Principal Product Type:
Other Product Type(s):
Allegations: See summary
Current Status: Final
Resolution Date: 06/20/1990
Resolution:
Other Sanctions Ordered:
Sanction Details: A censure.
Regulator Statement An Edwards' Branch Office Manager and thereforeEdwards failed adequately to supervise a RR of Edwards' byallowing the RR to effect numerous option transactions inseveral public customer accounts on a discretionary basiswithout prior written authorization from each customer and theprior approval of Edwards. (CBOE Rules 4.2 and 9.8)
Sanctions Ordered: Censure
Decision
iReporting Source: Firm
Initiated By: CBOE
Date Initiated: 06/20/1990
Allegations: SEE ITEM 13.
Current Status: Final
126©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
NONE
Date Initiated: 06/20/1990
Docket/Case Number: 88-0109B
Principal Product Type: No Product
Other Product Type(s):
Resolution Date: 06/20/1990
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: NONE
Firm Statement JUNE 20, 1980, A.G. EDWARDS & SONS, INC. ACCEPTED THROUGH ANOFFER OF SETTLEMENT,A CENSURE BY THE CBOE IN RELATION TOEXCHANGE RULES 4.2 AND 9.8.
Sanctions Ordered: Censure
Settled
Disclosure 60 of 75
i
Reporting Source: Regulator
Initiated By: CBOE
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 08/21/1991
Docket/Case Number: 89-0127
Principal Product Type:
Other Product Type(s):
Allegations: Not Provided
Current Status: Final
Resolution Date: 08/21/1991
Resolution: Consent
127©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Resolution Date: 08/21/1991
Other Sanctions Ordered:
Sanction Details: A $2,500 fine and a censure.
Regulator Statement AGE failed adequately to supervise a RegisteredRepresentative at its Newton, Kansas branch office by allowingthe RR: 1) to effect numerous transactions in AGE stock andoptions on a solicited basis for several public customeraccounts; 2) to effect numerous unsuitable index optiontransactions for a public customer account; and 3) to effectnumerous excessive option transctions for several publiccustomer accounts. In addition, AGE reported to the CentralRegistration Depository ("CRD") a Voluntary Consent andUndertaking entered into between its Newton, Kansas branchoffice manager and the State of Kansas Securities Commission,but failed to report the aforementioned consent and Undertakingto the Exchange in writing within a reasonable time. (CBOERules 4.2, 4.9 and 9.8)
Sanctions Ordered: CensureMonetary/Fine $2,500.00
iReporting Source: Firm
Initiated By: CBOE
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 07/25/1991
Docket/Case Number: 89-0127
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 07/25/1991
Resolution:
Sanctions Ordered: CensureMonetary/Fine $2,500.00
Settled
128©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanctions Ordered: NONE
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $2500 WITHIN 30 DAYS OF 07/25/1991.
Firm Statement JULY 25,1991, A.G. EDWARDS & SONS, INC. ACCEPTED, THROUGH ANOFFER OF SETTLEMENT, A CENSURE AND $2500 FINE BY THE CBOE INRELATION TO EXCHANGE RULES 4.2, 4.9 AD 9.8.
Sanctions Ordered: CensureMonetary/Fine $2,500.00
Disclosure 61 of 75
i
Reporting Source: Regulator
Initiated By: CBOE
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 03/09/1992
Docket/Case Number: 90-0058 & 90-0058(A)
Principal Product Type:
Other Product Type(s):
Allegations: Not Provided
Current Status: Final
Resolution Date: 03/09/1992
Resolution:
Other Sanctions Ordered:
Sanction Details: Censure of each respondant and a joint andseveral fine of $7,500.
Regulator Statement This matter was resolved wherein the Respondentssubmitted an offer of settlement in which they agreed tothe following stipulation of facts and findings withoutadmitting or denying that Exchange rules have been\ violated inwhich A. G. Edwards & Sons, Inc., an Exchange memberorganization, and Harold T. Morrow, a Branch Office Manager atthe firm's Brownsville, Texas branch office, were each censuredand jointly and severally fined $7,500 due to their failure toadequately supervise Dennis Frank, a Registered Representativeof AGE, who 1) effected numerous options transactions in apublic customer's accounts which were excessive in size andfrequently; and 2) effected numerous unsuitable optiontransactions for the customer's accounts.In accepting the offerof settlement, the BCC considered the fact that AGE contributedapproximately $1,000,000 toward settlement with the publiccustomer. (CBOE Rules 4.2 and 9.8)
Sanctions Ordered: CensureMonetary/Fine $7,500.00
Decision & Order of Offer of Settlement
129©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
This matter was resolved wherein the Respondentssubmitted an offer of settlement in which they agreed tothe following stipulation of facts and findings withoutadmitting or denying that Exchange rules have been\ violated inwhich A. G. Edwards & Sons, Inc., an Exchange memberorganization, and Harold T. Morrow, a Branch Office Manager atthe firm's Brownsville, Texas branch office, were each censuredand jointly and severally fined $7,500 due to their failure toadequately supervise Dennis Frank, a Registered Representativeof AGE, who 1) effected numerous options transactions in apublic customer's accounts which were excessive in size andfrequently; and 2) effected numerous unsuitable optiontransactions for the customer's accounts.In accepting the offerof settlement, the BCC considered the fact that AGE contributedapproximately $1,000,000 toward settlement with the publiccustomer. (CBOE Rules 4.2 and 9.8)
iReporting Source: Firm
Initiated By: CBOE
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 03/09/1992
Docket/Case Number: 90-0058 & 90-0058(A)
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 03/09/1992
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $7500 WITHIN 30 DAYS OF 03/09/1992.
Firm Statement MARCH 9, 1992, A.G. EDWARDS & SONS, INC. ACCEPTED, THROUGH ANOFFER OF SETTLEMENT, A CENSURE AND $7500 FINE BY THE CBOE INRELATION TO EXCHANGE RULES 4.2 AND 9.8.
Sanctions Ordered: CensureMonetary/Fine $7,500.00
Decision & Order of Offer of Settlement
Disclosure 62 of 75
i
Reporting Source: Regulator
130©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: SOUTH CAROLINA
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 03/01/1985
Docket/Case Number:
URL for Regulatory Action:
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
Resolution Date: 03/01/1985
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement SOUTH CAROLINA CHIEF INSURANCE COMMISSIONER VS. A.G. EDWARDS& SONS, INC. CONSENT ORDER DATED MARCH 1, 1985 AGREEING TO PAYPENALTY OF $6,000 AND ITS EMPLOYEES TO REFRAIN FROM ACTING ASINSURANCE AGENTS WITHOUT PROPER LICENSING.
Sanctions Ordered: Cease and Desist/Injunction
Consent
iReporting Source: Firm
Initiated By: SOUTH CAROLINA CHIEF INSURANCE COMMISSIONER
Principal Sanction(s)/ReliefSought:
Other
Date Initiated: 03/01/1985
Docket/Case Number: N/A
Principal Product Type: Insurance
Other Product Type(s):
Allegations: CONSENT ORDER
Current Status: Final
131©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
CONSENT ORDER
Resolution Date: 03/01/1985
Resolution:
Other Sanctions Ordered:
Sanction Details: CONSENT ORDER AND FINE
Sanctions Ordered: Monetary/Fine $6,000.00
Order
Disclosure 63 of 75
i
Reporting Source: Regulator
Initiated By: GEORGIA
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 02/25/1985
Docket/Case Number: EX=BU-84-13
URL for Regulatory Action:
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
Resolution Date: 02/25/1985
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement GEORGIA COMMISSIONER OF INSURANCE VS. A.G. EDWARDS & SONS,INC.CONSENT ORDER NO. EX=BU-84-13, FEBRUARY 25, 1985, AGREEING TOPAY PENALTY OF $7,500 AND TO REFRAIN FROM VIOLATING THEGEORGIA INSURANCE CODE.
Sanctions Ordered: Monetary/Fine $7,500.00
Consent
132©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
GEORGIA COMMISSIONER OF INSURANCE VS. A.G. EDWARDS & SONS,INC.CONSENT ORDER NO. EX=BU-84-13, FEBRUARY 25, 1985, AGREEING TOPAY PENALTY OF $7,500 AND TO REFRAIN FROM VIOLATING THEGEORGIA INSURANCE CODE.
iReporting Source: Firm
Initiated By: GEORGIA
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
CONSENT ORDER
Date Initiated: 02/25/1985
Docket/Case Number: EX=BU-84-13
Principal Product Type: Insurance
Other Product Type(s):
Allegations: VIOLATION OF GEORGIA INSURANCE CODE
Current Status: Final
Resolution Date: 02/25/1985
Resolution:
Other Sanctions Ordered: CEASE AND DESIST ANY FURTHER VIOLATIONS OF THE GEORGIAINSURANCE CODE.
Sanction Details: $7500 FINE.
Sanctions Ordered: Monetary/Fine $7,500.00
Order
Disclosure 64 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Date Initiated: 01/30/1975
Docket/Case Number: N-VS-90
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
133©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Other Product Type(s):
Resolution Date: 03/31/1975
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement NASDAQ COMPLAINT #N-VS-90FILED 1-30-75ACCEPTED 2-4-75, PAID $25.00FINAL 3-31-75
Sanctions Ordered: Monetary/Fine $25.00
Consent
iReporting Source: Firm
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
Date Initiated: 01/30/1975
Docket/Case Number: N-VS-90
Principal Product Type: Other
Other Product Type(s):
Allegations: SEE #13
Current Status: Final
Resolution Date: 03/31/1975
Resolution:
Other Sanctions Ordered:
Sanction Details: NASDAQ COMPLAINT N-VS-90 FILED 1/30/75 ACCEPTED 2/4/75, FINAL3/31/75.
Sanctions Ordered: Monetary/Fine $25.00
Settled
134©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sanction Details: NASDAQ COMPLAINT N-VS-90 FILED 1/30/75 ACCEPTED 2/4/75, FINAL3/31/75.
Firm Statement THIS DRP IS IN RESPONSE TO A U-5 REFLECTED ON THE BD. PLEASENOTE THAT RECORDS ARE NO LONGER AVAILABLE DUE TO THE AGE OFTHIS MATTER.
Disclosure 65 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 02/18/1982
Docket/Case Number: KC-252
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
Resolution Date: 06/23/1983
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement COMPLAINT KC-252 FILED 02/18/82DIST. #4DECISION 06/23/83: CENSURED AND FINED $137.50, J&SFINES & COSTS PAID IN FULL #8486 07/15/83FC 8495 - 07/26/83
Sanctions Ordered: CensureMonetary/Fine $137.50
Decision
iReporting Source: Firm
Allegations: SEE ITEM 13.
Current Status: Final
135©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 06/23/1983
Docket/Case Number: KC-252
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Resolution Date: 06/23/1983
Resolution:
Other Sanctions Ordered: COSTS
Sanction Details: A.G. EDWARDS PAID $198.75 ON 07/15/1983.
Firm Statement JUNE 23, 1983, A.G. EDWARDS & SONS, INC. CENSURED AND FINEDJOINTLY AND SEVERALLY WITH THREE INDIVIDUALS FOR A TOTAL OF$198.75 BY NASD FOR VIOLATION OF ARTICLE III, SECTION 1 OF THERULES OF FAIR PRACTICE.
Sanctions Ordered: CensureMonetary/Fine $137.50
Order
Disclosure 66 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 08/11/1982
Docket/Case Number: NEW-335
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
136©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanction(s)/ReliefSought:
Resolution Date: 04/26/1983
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement COMPLAINT #NEW-335 FILED 08/11/82DIST. #5DECISION 04/26/83: CENSURED, FINED $3,500, J&S, ANDASSESSED COSTS OF $90.FINES & COSTS FC #8457 PAID IN FULL 06/22/83
Sanctions Ordered: CensureMonetary/Fine $3,500.00
Decision
iReporting Source: Firm
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
FINE & COSTS
Date Initiated: 08/11/1982
Docket/Case Number: NEW-355
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 08/11/1982
Resolution:
Other Sanctions Ordered: COSTS $90
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $3590 ON 6/22/1983
Firm Statement AUGUST 11, 1982, A.G. EDWARDS & SONS, INC. CENSURED AND FINED$3500 FOR FAILURE TO SUPERVISE.
Sanctions Ordered: CensureMonetary/Fine $3,500.00
Decision
137©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Statement AUGUST 11, 1982, A.G. EDWARDS & SONS, INC. CENSURED AND FINED$3500 FOR FAILURE TO SUPERVISE.
Disclosure 67 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 08/19/1981
Docket/Case Number: SC-32
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
Resolution Date: 08/19/1981
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement COMPLAINT: #SC-32 FILED 08/19/81DIST. 4FINES & COSTS FC-SC32 J & S PAID IN FULL 09/30/81APPEAL ACTION-APPEALED B/G
Sanctions Ordered: Monetary/Fine
Decision
iReporting Source: Firm
Initiated By: NASD
Date Initiated: 08/19/1981
Docket/Case Number: KC-32
Allegations: SEE ITEM 13.
Current Status: Final
138©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
FINE
Docket/Case Number: KC-32
Principal Product Type: No Product
Other Product Type(s):
Resolution Date: 08/19/1981
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $700 9/30/1981
Firm Statement AUGUST 19, 1981, A.G. EDWARDS & SONS, INC. FINED JOINTLY ANDSEVERALLY $700 BY NASD FOR VIOLATION OF SECTION 1, ARTICLE III, OFNASD RULES OF FAIR PRACTICE.
Sanctions Ordered: Monetary/Fine $700.00
Order
Disclosure 68 of 75
i
Reporting Source: Regulator
Initiated By: CHICAGO BOARD OPTIONS EXCHANGE
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 03/06/1981
Docket/Case Number: 81-0026
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
Resolution Date: 03/06/1981
Resolution:
Sanctions Ordered: Monetary/Fine $1,000.00
Decision & Order of Offer of Settlement
139©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanctions Ordered:
Sanction Details:
Regulator Statement CBOE #81-0026 03/06/81 OFFER OF SETTLEMENT03/06/81: FINED $1,00003/06/81: ALL RIGHTS WAIVED03/06/81: FINAL
Sanctions Ordered: Monetary/Fine $1,000.00
iReporting Source: Firm
Initiated By: CBOE
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 03/06/1981
Docket/Case Number: 81-0026
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 03/06/1981
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $1000. DATE IS UNAVAILABLE BUTBELIEVED TO BE WITHIN 30 DAYS OF 3/6/81.
Firm Statement MARCH 6, 1981, A.G. EDWARDS & SONS, INC. FINED $1000 BY CBOE FORVIOLATION OF EXCHANGE RULES 9.7(A).
Sanctions Ordered: Monetary/Fine $1,000.00
Settled
Disclosure 69 of 75
i
Reporting Source: Regulator
Current Status: Final
140©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 11/26/1980
Docket/Case Number: K-235
Principal Product Type:
Other Product Type(s):
Allegations:
Resolution Date: 11/26/1980
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement COMPLAINT #K-235 FILED 11/26/80DIST. #4DECISION: FINEDFINES & COSTS: FC# SC-251-K J & S PAID IN FULL 03/24/82
Sanctions Ordered: Monetary/Fine
Decision
iReporting Source: Firm
Initiated By: NATIONAL ASSOCATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanction(s)/ReliefSought:
Date Initiated: 11/26/1980
Docket/Case Number: K-235
Principal Product Type: Other
Other Product Type(s): UNKNOWN, SEE #13
Allegations: SEE #13
Current Status: Final
141©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanction(s)/ReliefSought:
Resolution Date: 11/26/1980
Resolution:
Other Sanctions Ordered:
Sanction Details: COMPLAINT #K-235 11/26/80 DIST. #4 DECISION: FINED FINES & COSTS FC#SC-251-K J & S PAID IN FULL 03/24/1982.
Firm Statement THIS DRP IS IN RESPONSE TO A U-6 REFLECTED ON THE BD. PLEASENOTE THAT RECORDS ARE NO LONGER AVAILABLE DUE TO THE AGE OFTHE MATTER.
Sanctions Ordered: Monetary/Fine $0.00
Settled
Disclosure 70 of 75
i
Reporting Source: Regulator
Initiated By: SECURITIES AND EXCHANGE COMMISSION
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 08/05/1980
Docket/Case Number:
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
Resolution Date: 08/05/1980
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement SEC ND - 80-152 - REL. 34-17010AUGUST 5, 1980PUBLIC ADMINISTRATIVE PROCEEDINGS INSTITUTED. COMMISSIONACCEPTED OFFERS OF SETTLEMENT.DEFENDANT CONSENTED TO ENTRY OF FINDINGS AND ORDER IMPOSINGREMEDIAL SANCTIONSWITHOUT ADMITTING OR DENYING THE ALLEGATIONS CONTAINED IN THEORDER. CENSURED.
Sanctions Ordered: Censure
Consent
142©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
SEC ND - 80-152 - REL. 34-17010AUGUST 5, 1980PUBLIC ADMINISTRATIVE PROCEEDINGS INSTITUTED. COMMISSIONACCEPTED OFFERS OF SETTLEMENT.DEFENDANT CONSENTED TO ENTRY OF FINDINGS AND ORDER IMPOSINGREMEDIAL SANCTIONSWITHOUT ADMITTING OR DENYING THE ALLEGATIONS CONTAINED IN THEORDER. CENSURED.
iReporting Source: Firm
Initiated By: SEC
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
Date Initiated: 07/25/1980
Docket/Case Number: 3-5947, RELEASE #17011
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13
Current Status: Final
Resolution Date: 07/25/1980
Resolution:
Other Sanctions Ordered: N/A
Sanction Details: N/A
Firm Statement A.G. EDWARDS & SONS, INC. CENSURED BY THE SECURITIES &EXCHANGE COMMISSION FOR FAILURE TO SUPERVISE.
Sanctions Ordered: Censure
Order
Disclosure 71 of 75
i
Reporting Source: Regulator
Initiated By: OKLAHOMA
Date Initiated: 03/30/1979
Allegations:
Current Status: Final
143©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 03/30/1979
Docket/Case Number:
URL for Regulatory Action:
Principal Product Type:
Other Product Type(s):
Resolution Date: 06/24/1979
Resolution:
Regulator Statement STATE OF OK: 03/30/79NOTICE OF INTENTION TO REVOKE OR SUSPENDLICENSES WAS ISSUED.
STATE OF OK: 05/09/79JULY 1979 STATE BULLETINORDER GRANTING HEARING.
STATE OF OK: 05/25/79JULY 1979 STATE BULLETINORDER SETTING DATE, TIME AND LOCATIONOF HEARING AND DESIGNATING HEARINGOFFICER.
STATE OF OK: 06/24/79JULY 1979 STATE BULLETINGIVEN ONE YEAR DEFERMENT OF SANCTION ONTHE CONDITIONS LISTED IN STATE BULLETINMENTIONED ABOVE.
STATE OF OK: 08/13/79OCTOBER 1979 STATE BULLETINFILE PROPOSED FINDINGS OF FACT BYHEARING OFFICER WITH ADMINISTRATOR. 08/27/79FILE DEPARTMENT'S PROPOSED FINDINGS OFFACT WITH HEARING OFFICER.
Decision
iReporting Source: Firm
144©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: OKLAHOMA DEPARTMENT OF SECURITIES
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
ORDER
Date Initiated: 10/10/1978
Docket/Case Number: N/A
Principal Product Type: No Product
Other Product Type(s):
Allegations: ALLEGED CERTAIN AGENTS SOLICITED THE PURCHASE OF STOCK OROPTIONS USING FALSE, MISLEADING OR UNTRUE STATEMENTS CLAIMINGPRIVILEGED OR INSIDE INFORMATION;PURCHASED STOCK OPTIONSDIFFERENT FROM THOSE AUTHORIZED; SOLICITED UNSUITABLEPURCHASES; MADE UNAUTHORIZED PURCHASES AND SALES;PARTICIPATED IN THE EXCESSIVE TURNOVER OF AN ACCOUNT, AND THATTHE RESIDENT MANAGER FAILED TO PROPERLY SUPERVISE THE AGENTSUNDER HIS SUPERVISION.
Current Status: Final
Resolution Date: 06/26/1979
Resolution: Order
Disclosure 72 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 06/15/1978
Docket/Case Number: N-253
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
145©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanction(s)/ReliefSought:
Resolution Date: 01/30/1979
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement COMPLAINT #N-253 FILED 06/15/78DIST. #5DECISION 01/30/79: OFFER OF SETTLEMENT WAS ACCEPTED:CENSURED.ALL RIGHTS WAIVED.01/30/79: TO BE FINALFINES & COSTS 01/30/79: FINAL
Sanctions Ordered: Censure
Decision & Order of Offer of Settlement
iReporting Source: Firm
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Undertaking
Other Sanction(s)/ReliefSought:
Date Initiated: 06/15/1978
Docket/Case Number: N-253
Principal Product Type: No Product
Other Product Type(s):
Allegations: ALLEGED VIOLATIONS OF ARTICLE III, SECTION 1, 2 15 AND 27 OF THEASSOCIATION'S RULES OF FAIR PRACTICE.
Current Status: Final
Resolution Date: 01/30/1979
Resolution:
Other Sanctions Ordered: OFFER OF SETTLEMENT WAS ACCEPTED. CENSURED ALL RIGHTSWAIVED.
Sanctions Ordered: Censure
Other
146©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sanction Details: OFFER OF SETTLEMENT WAS ACCEPTED. CENSURED ALL RIGHTSWAIVED.
Firm Statement 06-15-78 FILED #N-253 DIST. #5: 01-30-79 OFFER OF SETTLEMENT WASACCEPTED. CENSURED ALL RIGHTS WAIVED. 01-30-79 TO BE FINAL 01-30-79 FINAL
Disclosure 73 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 09/04/1975
Docket/Case Number: AWC-14
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
Resolution Date: 09/04/1975
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement COMPLAINT #AWC-14 FILED 09/04/75DIST. #6DECISION 09/04/75: CENSURED &FINED $250.09/04/75: FINALFINES & COSTS 09/17/75: FC6347-PAID
Sanctions Ordered: CensureMonetary/Fine $250.00
Consent
iReporting Source: Firm
147©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Cease and Desist
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 05/19/1975
Docket/Case Number: AWC-14
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 05/19/1975
Resolution:
Other Sanctions Ordered: NONE
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $250 09/17/1975
Firm Statement MAY 19, 1975, A.G. EDWARDS & SONS, INC. FINED $250 BY NASD FORVIOLATION OF SECTION 1, 15(B), AND 19(A) OF ARTICLE III OF THE NASDRULES OF FAIR PRACTICE.
Sanctions Ordered: CensureMonetary/Fine $250.00
Acceptance, Waiver & Consent(AWC)
Disclosure 74 of 75
i
Reporting Source: Regulator
Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.
Principal Sanction(s)/ReliefSought:
Date Initiated: 06/26/1974
Docket/Case Number: N-223
Principal Product Type:
Other Product Type(s):
Allegations:
Current Status: Final
148©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Resolution Date: 10/21/1974
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement NASD COMPLAINT #N-223 - DISTRICT #5, FILED JUNE 26, 1974,AGAINST RESPONDENTS A.G. EDWARDS & SONS, INC., PAUL M. SHATZ,JOHN (JACK) R. BOLIN, DAVID M. SISLER AND SIEBE R. FORTENBERRYALLEGING VIOLATIONS OF SECTIONS 1, 2, 15(a) AND (b), 18, 19(a)AND 27 OF ARTICLE III OF THE RULES OF FAIR PRACTICE IN THATRESPONDENT FORTENBERRY EFFECTED A SERIES OF PURCHASE ANDSALETRANSACTIONS FOR A CUSTOMER WHICH WERE UNSUITABLE ANDEXCESSIVEIN SIZE AND IN RELATIONSHIP TO THE INVESTMENT OBJECTIVES ANDFINANCIAL NEEDS OF THE CUSTOMER; EXECUTED DISCRETIONARYTRANSACTIONS WITHOUT PRIOR WRITTEN AUTHORIZATION FROM SAIDCUSTOMER; ENGAGED IN "CHURNING" IN THAT TRANSACTIONS WEREEFFECTED FOR A CUSTOMER WHICH WERE EXCESSIVE IN SIZE ANDFREQUENCY AND WERE UNSUITABLE IN VIEW OF THE CUSTOMERSINVESTMENT OBJECTIVES AND FINANCIAL NEEDS; MADE IMPROPER USEOFA CUSTOMER'S SECURITIES IN THAT TRANSACTIONS EFFECTED FOR THECUSTOMER WERE SOLD WITHOUT HIS PRIOR PERMISSION ORKNOWLEDGE,AND THEREAFTER UTILIZED THE PROCEEDS FOR THE PURCHASE OFOTHERSECURITIES WHICH WERE EVENTUALLY SOLD FOR THE ACCOUNT OF THECUSTOMER AT A LOSS; AND RESPONDENT MEMBER AND RESPONDENTSSHATZ, BOLIN AND SISLER FAILED TO PROPERLY SUPERVISE THEACTIVITIES OF RESPONDENT FORTENBERRY.
DECISION RENDERED OCTOBER 21, 1974, WHEREIN THE OFFER OFSETTLEMENT SUBMITTED BY RESPONDENTS WAS ACCEPTED;THEREFORERESPONDENT MEMBER IS CENSURED, FINED $2,500; RESPONDENTFORTENBERRY IS CENSURED; FINED $2,500; AND SUSPENDED FROMASSOCIATION FOR FIVE (5) BUSINESS DAYS. THE COMPLAINT ISDISMISSED AS TO RESPONDENTS SHATZ, BOLIN AND SISLER. AS ALLRIGHTS OF APPEAL AND REVIEW HAVE BEEN WAIVED, DECISION IS FINALAS OF OCTOBER 21, 1974.
FC PD 10/29/74 $2500 FC#5910
Sanctions Ordered: CensureMonetary/Fine $2,500.00
Consent
149©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
NASD COMPLAINT #N-223 - DISTRICT #5, FILED JUNE 26, 1974,AGAINST RESPONDENTS A.G. EDWARDS & SONS, INC., PAUL M. SHATZ,JOHN (JACK) R. BOLIN, DAVID M. SISLER AND SIEBE R. FORTENBERRYALLEGING VIOLATIONS OF SECTIONS 1, 2, 15(a) AND (b), 18, 19(a)AND 27 OF ARTICLE III OF THE RULES OF FAIR PRACTICE IN THATRESPONDENT FORTENBERRY EFFECTED A SERIES OF PURCHASE ANDSALETRANSACTIONS FOR A CUSTOMER WHICH WERE UNSUITABLE ANDEXCESSIVEIN SIZE AND IN RELATIONSHIP TO THE INVESTMENT OBJECTIVES ANDFINANCIAL NEEDS OF THE CUSTOMER; EXECUTED DISCRETIONARYTRANSACTIONS WITHOUT PRIOR WRITTEN AUTHORIZATION FROM SAIDCUSTOMER; ENGAGED IN "CHURNING" IN THAT TRANSACTIONS WEREEFFECTED FOR A CUSTOMER WHICH WERE EXCESSIVE IN SIZE ANDFREQUENCY AND WERE UNSUITABLE IN VIEW OF THE CUSTOMERSINVESTMENT OBJECTIVES AND FINANCIAL NEEDS; MADE IMPROPER USEOFA CUSTOMER'S SECURITIES IN THAT TRANSACTIONS EFFECTED FOR THECUSTOMER WERE SOLD WITHOUT HIS PRIOR PERMISSION ORKNOWLEDGE,AND THEREAFTER UTILIZED THE PROCEEDS FOR THE PURCHASE OFOTHERSECURITIES WHICH WERE EVENTUALLY SOLD FOR THE ACCOUNT OF THECUSTOMER AT A LOSS; AND RESPONDENT MEMBER AND RESPONDENTSSHATZ, BOLIN AND SISLER FAILED TO PROPERLY SUPERVISE THEACTIVITIES OF RESPONDENT FORTENBERRY.
DECISION RENDERED OCTOBER 21, 1974, WHEREIN THE OFFER OFSETTLEMENT SUBMITTED BY RESPONDENTS WAS ACCEPTED;THEREFORERESPONDENT MEMBER IS CENSURED, FINED $2,500; RESPONDENTFORTENBERRY IS CENSURED; FINED $2,500; AND SUSPENDED FROMASSOCIATION FOR FIVE (5) BUSINESS DAYS. THE COMPLAINT ISDISMISSED AS TO RESPONDENTS SHATZ, BOLIN AND SISLER. AS ALLRIGHTS OF APPEAL AND REVIEW HAVE BEEN WAIVED, DECISION IS FINALAS OF OCTOBER 21, 1974.
FC PD 10/29/74 $2500 FC#5910
iReporting Source: Firm
Initiated By: NASD
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
FINE
Date Initiated: 10/21/1974
Docket/Case Number: N-223
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Final
Resolution Date: 10/21/1974
Resolution:
Other Sanctions Ordered:
Sanction Details: A.G. EDWARDS & SONS, INC. PAID $2500 ON 10/29/74.
Firm Statement OCTOBER 21, 1974, A.G. EDWARDS & SONS, INC. CENSURED AND FINED$2500 FOR VIOLATION OF SECTIONS 1,2 15(B), 18, 19(A), AND 25 OFARTICLE III OF NASD RULES OF FAIR PRACTICE.
Sanctions Ordered: CensureMonetary/Fine $2,500.00
Decision & Order of Offer of Settlement
Disclosure 75 of 75
i
Reporting Source: Regulator
Allegations:
Current Status: Final
150©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Initiated By: NEW YORK STOCK EXCHANGE
Principal Sanction(s)/ReliefSought:
Other Sanction(s)/ReliefSought:
Date Initiated: 05/12/1972
Docket/Case Number: Unknown
Principal Product Type:
Other Product Type(s):
Allegations:
Resolution Date: 05/12/1972
Resolution:
Other Sanctions Ordered:
Sanction Details:
Regulator Statement NYSE-CENSURED-VIOLATIONS OFEXCHANGE RULES AS IN PARAGRAPHS2471 AND 2474A. NYSE BULLETIN05/12/72
Sanctions Ordered: Censure
Decision
iReporting Source: Firm
Initiated By: NEW YORK STOCK EXCHANGE
Principal Sanction(s)/ReliefSought:
Censure
Other Sanction(s)/ReliefSought:
Date Initiated: 05/12/1972
Docket/Case Number: UNKNOWN
Principal Product Type: Other
Other Product Type(s):
Allegations: VIOLATIONS OF EXCHANGE RULES AS IN PARAGRAPHS 2471 AND2474A.
Current Status: Final
151©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Other Sanction(s)/ReliefSought:
Resolution Date: 05/12/1972
Resolution:
Other Sanctions Ordered:
Sanction Details: NYSE-CENSURED-VIOLATIONS OF EXCHANGE RULES AS IN PARAGRAPHS2471 NAD 2474A. NYSE BULLENTIN 05/12/72.
Sanctions Ordered: Censure
Decision
152©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Regulatory - Pending
This type of disclosure event may include a pending formal proceeding initiated by a regulatory authority (e.g., a statesecurities agency, self-regulatory organization, federal regulatory agency such as the Securities and ExchangeCommission, foreign financial regulatory body) for alleged violations of investment-related rules or regulations.
Disclosure 1 of 2
Reporting Source: Firm
Initiated By: NEW YORK STOCK EXCHANGE
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
Date Initiated: 03/13/2003
Docket/Case Number:
Principal Product Type: Equity - OTC
Other Product Type(s):
Allegations: INVESTIGATION INTO TRANSACTIONS INVOLVING GENESIS INTERMEDIA,INC. DURING THE PERIOD MARCH 2001 THROUGH SEPTEMBER 2001 BYTHE FIRM'S STOCK LOAN DEPARTMENT.
Current Status: Pending
Disclosure 2 of 2
i
Reporting Source: Firm
Initiated By: COMMONWEALTH OF VIRGINIA
Principal Sanction(s)/ReliefSought:
Other
Other Sanction(s)/ReliefSought:
PROPOSED ORDER OF SETTLEMENT
Date Initiated: 04/03/2000
Docket/Case Number: NONE
Principal Product Type: No Product
Other Product Type(s):
Allegations: SEE ITEM 13.
Current Status: Pending
153©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Firm Statement THE COMMONWEALTH OF VIRGINIA HAS PROPOSED A SETTLEMENTORDER FOR ALLEGED VIOLATIONS OF SECURITIES RULE 21 VAC 5-20-260BAND 5-20-260D.
154©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Award - Award / Judgment
Brokerage firms are not required to report arbitration claims filed against them by customers; however, BrokerCheckprovides summary information regarding FINRA arbitration awards involving securities and commodities disputesbetween public customers and registered securities firms in this section of the report. The full text of arbitration awards issued by FINRA is available at www.finra.org/awardsonline.
Disclosure 1 of 265
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/17/2000
00-00234
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
ANNUITIES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$392,582.97
AWARD AGAINST PARTY
02/02/2001
$12,292.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 2 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
NASD
02/02/2000
00-00266
ACCOUNT RELATED-ERRORS-CHARGES; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$138,930.00 155©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
$138,930.00
AWARD AGAINST PARTY
04/09/2001
$144,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 3 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/01/2000
00-00592
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS; DO NOTUSE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$14,909.25
AWARD AGAINST PARTY
10/30/2000
$5,187.99
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 4 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
NASD
03/20/2000
00-00717
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; DONOT USE-EXECUTIONS-FAILURE TO EXECUTE
156©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
00-00717
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$685,000.00
AWARD AGAINST PARTY
10/05/2001
$392,921.06
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 5 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/07/2000
00-01327
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNTRELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$457,865.37
AWARD AGAINST PARTY
03/14/2001
$95,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 6 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT RELATED-NEGLIGENCE
157©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/10/2000
00-01343
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT RELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$4,093,389.26
AWARD AGAINST PARTY
09/17/2002
$1,165,619.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 7 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/12/2000
00-02139
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-OTHER
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$5,600,001.00
AWARD AGAINST PARTY
01/02/2002
$520,662.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 8 of 265
i
Reporting Source: Regulator
158©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/24/2000
00-02681
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$100,000.00
AWARD AGAINST PARTY
01/22/2002
$0.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 9 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/17/2000
00-02690
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$30,000.00
AWARD AGAINST PARTY
08/23/2001
$1.01
There may be a non-monetary award associated with this arbitration.
159©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Please select the Case Number above to view more detailed information.
Disclosure 10 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/21/2000
00-02754
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNTRELATED-MARGIN CALLS
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$40,000.00
AWARD AGAINST PARTY
05/24/2002
$28,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 11 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
07/24/2000
00-02786
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-TRANSFER; DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$3,925.88
AWARD AGAINST PARTY
03/12/2001160©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition Date:
Sum of All Relief Awarded:
03/12/2001
$1,356.36
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 12 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/18/2000
00-03880
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-OTHER
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$100,000.00
AWARD AGAINST PARTY
09/24/2001
$10,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 13 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
NASD
10/25/2000
00-04364
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-OTHER
ANNUITIES; COMMODITIES FUTURES; MUTUAL FUNDS; STOCK INDEXFUTURES 161©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
ANNUITIES; COMMODITIES FUTURES; MUTUAL FUNDS; STOCK INDEXFUTURES
$1,005,747.00
AWARD AGAINST PARTY
03/21/2002
$25,000.04
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 14 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/24/2000
00-05149
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNTRELATED-FAILURE TO SUPERVISE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$500,000.00
AWARD AGAINST PARTY
11/19/2001
$135,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 15 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE
162©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/14/2000
00-05483
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$339,818.00
AWARD AGAINST PARTY
09/07/2001
$388,648.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 16 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/14/2001
01-00005
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$15,675.00
AWARD AGAINST PARTY
01/11/2002
$2,025.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 17 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-MANIPULATION; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER; ACCOUNT RELATED-FAILURE TO SUPERVISE
163©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/30/2001
01-01223
ACCOUNT ACTIVITY-MANIPULATION; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER; ACCOUNT RELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$450,000.00
AWARD AGAINST PARTY
06/04/2002
$303,381.94
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 18 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/22/2001
01-01372
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-BREACH OF CONTRACT;DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$231,797.21
AWARD AGAINST PARTY
03/01/2002
$231,797.21
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 19 of 265
i
164©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 19 of 265
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/08/2001
01-01817
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING;ACCOUNT RELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$991,535.00
AWARD AGAINST PARTY
04/11/2002
$353,354.22
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 20 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/19/2001
01-01931
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING;ACCOUNT RELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$1,200,000.00
AWARD AGAINST PARTY
11/05/2002
$140,205.01
165©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 21 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/19/2001
01-01962
ACCOUNT RELATED-MARGIN CALLS; DO NOT USE-EXECUTIONS-EXECUTION PRICE; DO NOT USE-EXECUTIONS-LIMIT V MRKT ORDR; DONOT USE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$9,537.59
AWARD AGAINST PARTY
12/03/2001
$9,862.59
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 22 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
06/14/2001
01-02768
ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
CORPORATE BONDS; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$12,354.73
AWARD AGAINST PARTY
02/27/2002 166©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition Date:
Sum of All Relief Awarded:
02/27/2002
$2,425.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 23 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
08/24/2001
01-03269
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNT RELATED-OTHER
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$78,846.50
AWARD AGAINST PARTY
11/14/2002
$72,953.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 24 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
NASD
07/02/2001
01-03439
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
ANNUITIES; COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SECINVOLVE
$1,020,000.00 167©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
$1,020,000.00
AWARD AGAINST PARTY
02/05/2003
$128,710.50
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 25 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
08/29/2001
01-04350
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT RELATED-NEGLIGENCE
UNKNOWN TYPE OF SECURITIES
$169,300.00
AWARD AGAINST PARTY
08/08/2002
$19,300.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 26 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
NASD
09/13/2001
01-04402
ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHER CONTROVERSYINVOLVED
168©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
01-04402
ANNUITIES; COMMON STOCK; MUNICIPAL BONDS; MUTUAL FUNDS
$120,000.00
AWARD AGAINST PARTY
12/16/2002
$30,300.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 27 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
08/30/2001
01-04609
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$9,699,897.36
AWARD AGAINST PARTY
12/31/2002
$65,735.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 28 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Allegations:
NASD
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-NEGLIGENCE; EMPLOYMENT-BREACH OF CONTRACT
169©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/13/2001
01-04675
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$1,000,000.00
AWARD AGAINST PARTY
12/08/2003
$445,000.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 29 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/24/2001
01-04914
ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY;ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNT RELATED-MARGINCALLS
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$362,126.98
AWARD AGAINST PARTY
09/05/2002
$10,300.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 30 of 265
i
Reporting Source: Regulator
170©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/24/2001
01-04929
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$142,000.00
AWARD AGAINST PARTY
10/03/2002
$77,511.23
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 31 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/16/2001
01-06085
ACCOUNT RELATED-COLLECTION; ACCOUNT RELATED-MARGIN CALLS; DONOT USE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
Unspecified Damages
AWARD AGAINST PARTY
01/10/2003
$50,000.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
i171©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 32 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/13/2001
01-06388
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-MARGIN CALLS; ACCOUNTRELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$275,000.00
AWARD AGAINST PARTY
12/02/2002
$90,158.33
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 33 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/06/2001
01-06495
ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TOSUPERVISE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$200,000.00
AWARD AGAINST PARTY
02/14/2003
$90,000.00
172©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 34 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/20/2001
01-06676
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-MARGIN CALLS
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$9,738.94
AWARD AGAINST PARTY
04/16/2002
$2,500.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 35 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
01/24/2002
02-00300
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$1,652,000.00
AWARD AGAINST PARTY
03/14/2003 173©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition Date:
Sum of All Relief Awarded:
03/14/2003
$311,762.50
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 36 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/01/2002
02-00492
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$3,000,000.00
AWARD AGAINST PARTY
09/26/2003
$125,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 37 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
NASD
02/25/2002
02-00849
ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE; DO NOTUSE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$20,000.00 174©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
$20,000.00
AWARD AGAINST PARTY
05/30/2002
$1,183.93
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 38 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/25/2002
02-01019
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-NEGLIGENCE
ANNUITIES; COMMON STOCK; CORPORATE BONDS; DO NOT USE-NOOTHER TYPE OF SEC INVOLVE
$795,946.00
AWARD AGAINST PARTY
05/21/2004
$130,375.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 39 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Allegations:
NASD
03/07/2002
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE
175©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
03/07/2002
02-01185
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$129,716.31
AWARD AGAINST PARTY
04/09/2003
$25,300.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 40 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/07/2002
02-01245
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$586,640.00
AWARD AGAINST PARTY
07/25/2003
$160,525.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 41 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE 176©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/05/2002
02-01330
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE
CERTIFICATE OF DEPOSIT; DO NOT USE-NO OTHER TYPE OF SECINVOLVE; OTHER TYPES OF SECURITIES
$22,425.00
AWARD AGAINST PARTY
08/21/2002
$11,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 42 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/26/2002
02-01675
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$6,000,000.00
AWARD AGAINST PARTY
11/04/2004
$345,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 43 of 265
i
177©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/06/2002
02-01765
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$87,261.00
AWARD AGAINST PARTY
06/27/2003
$13,321.06
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 44 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/08/2002
02-01906
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$300,000.00
AWARD AGAINST PARTY
04/25/2005
$200,000.00
178©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 45 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/06/2002
02-02248
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-FAILURETO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NOOTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$45,800,000.00
AWARD AGAINST PARTY
09/26/2003
$140,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 46 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
NASD
06/12/2002
02-02484
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;OPTIONS; WARRANTS/RIGHTS
$7,400,000.00
AWARD AGAINST PARTY 179©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition:
Disposition Date:
Sum of All Relief Awarded:
AWARD AGAINST PARTY
04/07/2004
$700,000.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 47 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/13/2002
02-02843
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TOSUPERVISE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$120,334.19
AWARD AGAINST PARTY
09/02/2003
$28,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 48 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
NASD
05/23/2002
02-02955
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
180©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
02-02955
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$89,893.76
AWARD AGAINST PARTY
07/30/2003
$56,625.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 49 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/20/2002
02-03479
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNTACTIVITY-SUITABILITY
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUNICIPAL BONDS; MUTUAL FUNDS
$597,984.00
AWARD AGAINST PARTY
08/08/2003
$35,700.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 50 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-FAILURETO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE 181©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/29/2002
02-03900
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-FAILURETO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$235,000.00
AWARD AGAINST PARTY
02/17/2004
$4,484.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 51 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/25/2002
02-04211
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$139,053.10
AWARD AGAINST PARTY
08/22/2003
$50,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 52 of 265
i
182©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/17/2002
02-04348
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$235,531.00
AWARD AGAINST PARTY
09/11/2003
$219,685.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 53 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
08/01/2002
02-04403
ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-FAILURETO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-TRANSFER
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$27,472.00
AWARD AGAINST PARTY
07/25/2003
$9,727.00
There may be a non-monetary award associated with this arbitration.
183©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Please select the Case Number above to view more detailed information.
Disclosure 54 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/15/2003
02-04525
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER; DO NOT USE-NOOTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$64,004.07
AWARD AGAINST PARTY
05/18/2004
$60,842.46
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 55 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
NASD
08/30/2002
02-05032
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURETO SUPERVISE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$97,040.00
AWARD AGAINST PARTY184©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition:
Disposition Date:
Sum of All Relief Awarded:
AWARD AGAINST PARTY
12/16/2003
$26,400.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 56 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/24/2002
02-05035
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-TRANSFER
ANNUITIES; COMMON STOCK; LIMITED PARTNERSHIPS; MUTUAL FUNDS
$25,000.00
AWARD AGAINST PARTY
05/14/2003
$8,303.08
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 57 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
NASD
09/23/2002
02-05060
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE 185©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$500,000.00
AWARD AGAINST PARTY
12/17/2003
$281,988.03
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 58 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/13/2002
02-05147
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY
COMMON STOCK; CORPORATE BONDS; GINNIE MAES; MUTUAL FUNDS
$266,000.00
AWARD AGAINST PARTY
08/12/2003
$471,630.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 59 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Allegations:
NASD
10/28/2002
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-OTHER; ACCOUNT RELATED-FAILURE TOSUPERVISE
186©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
10/28/2002
02-05878
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
Unspecified Damages
AWARD AGAINST PARTY
03/18/2004
$0.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 60 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
10/28/2002
02-06101
ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-MARGIN CALLS; ACCOUNTRELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$784,000.00
AWARD AGAINST PARTY
11/19/2004
$450,000.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 61 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURETO SUPERVISE
187©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/25/2002
02-06275
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURETO SUPERVISE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$100,000.00
AWARD AGAINST PARTY
03/08/2005
$27,357.55
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 62 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/25/2002
02-06286
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURETO SUPERVISE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$100,000.00
AWARD AGAINST PARTY
01/18/2005
$74,886.02
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 63 of 265
i
Reporting Source: Regulator
188©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/04/2002
02-06393
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZEDTRADING
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;OPTIONS
$4,025,000.00
AWARD AGAINST PARTY
01/05/2004
$3,000,600.04
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 64 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/13/2002
02-06431
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-OTHER; ACCOUNT RELATED-MARGIN CALLS
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$40,979,352.00
AWARD AGAINST PARTY
07/02/2004
$315,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
189©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 65 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/05/2002
02-06460
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$172,150.00
AWARD AGAINST PARTY
01/07/2005
$66,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 66 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/05/2002
02-07282
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNTRELATED-FAILURE TO SUPERVISE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$14,382.00
AWARD AGAINST PARTY
05/09/2003
$8,630.00190©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Awarded: $8,630.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 67 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/02/2003
02-07726
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
Unspecified Damages
AWARD AGAINST PARTY
09/26/2003
$0.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 68 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
NASD
02/10/2003
02-07779
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-OTHER;DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$35,100.00
AWARD AGAINST PARTY
191©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition:
Disposition Date:
Sum of All Relief Awarded:
AWARD AGAINST PARTY
06/15/2004
$5,650.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 69 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/15/2003
03-00025
ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;OPTIONS
$1,709,373.00
AWARD AGAINST PARTY
04/21/2006
$221,373.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 70 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
NASD
01/28/2003
03-00110
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-NEGLIGENCE
192©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
03-00110
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$2,855,717.00
AWARD AGAINST PARTY
06/21/2004
$255,500.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 71 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/11/2003
03-00418
ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY;ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE
CORPORATE BONDS; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS; PREFERRED STOCK
$577,881.70
AWARD AGAINST PARTY
06/29/2004
$12,375.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 72 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE 193©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/10/2003
03-00452
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; OPTIONS
$99,600.00
AWARD AGAINST PARTY
03/30/2004
$33,716.02
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 73 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/10/2003
03-00743
ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TOSUPERVISE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$686,438.00
AWARD AGAINST PARTY
01/28/2005
$103,075.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 74 of 265
i
Reporting Source: Regulator
194©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/24/2003
03-01046
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$375,000.00
AWARD AGAINST PARTY
01/25/2005
$25,000.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 75 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/24/2003
03-01249
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
UNKNOWN TYPE OF SECURITIES
$80,000.10
AWARD AGAINST PARTY
04/15/2004
$12,786.51
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
195©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 76 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/14/2003
03-01718
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
COMMON STOCK; CORPORATE BONDS; DO NOT USE-NO OTHER TYPE OFSEC INVOLVE
$25,000.00
AWARD AGAINST PARTY
12/04/2003
$20,751.36
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 77 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
04/23/2003
03-01876
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TO SUPERVISE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
ANNUITIES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUALFUNDS
$274,809.00
AWARD AGAINST PARTY
05/27/2005196©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition Date:
Sum of All Relief Awarded:
05/27/2005
$33,200.04
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 78 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/01/2003
03-02165
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS; OTHERTYPES OF SECURITIES
$2,414,649.00
AWARD AGAINST PARTY
07/07/2004
$185,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 79 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
NASD
06/04/2003
03-02593
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-FAILURETO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS; REAL ESTATE INVESTMENT TRUST 197©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS; REAL ESTATE INVESTMENT TRUST
$400,000.00
AWARD AGAINST PARTY
07/15/2004
$10,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 80 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/02/2003
03-02603
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MANIPULATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$77,495.00
AWARD AGAINST PARTY
09/10/2004
$6,874.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 81 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
198©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/22/2003
03-02690
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$500,000.00
AWARD AGAINST PARTY
07/21/2005
$44,512.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 82 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/01/2003
03-03765
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$400,000.00
AWARD AGAINST PARTY
07/19/2004
$100,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 83 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-NEGLIGENCE
199©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/11/2003
03-04043
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
Unspecified Damages
AWARD AGAINST PARTY
12/03/2004
$275,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 84 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
10/10/2003
03-04924
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNTACTIVITY-SUITABILITY
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$2,235,000.00
AWARD AGAINST PARTY
11/25/2005
$314,611.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
200©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 85 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/16/2003
03-05075
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TO SUPERVISE; DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$384,327.00
AWARD AGAINST PARTY
08/25/2004
$100,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 86 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
07/22/2003
03-05118
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$5,000,600.00
AWARD AGAINST PARTY
12/08/2004
201©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Awarded: $76,499.57
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 87 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/25/2003
03-05315
ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-TRANSFER
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$43,009.44
AWARD AGAINST PARTY
12/19/2003
$2,425.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 88 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
NASD
08/20/2003
03-05682
ACCOUNT ACTIVITY-OTHER; ACCOUNT RELATED-BREACH OF CONTRACT;DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$500,000.00
202©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition:
Disposition Date:
Sum of All Relief Awarded:
AWARD AGAINST PARTY
09/07/2004
$246,987.03
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 89 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
08/19/2003
03-05862
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; OPTIONS
$1,605,000.00
AWARD AGAINST PARTY
08/23/2004
$1,655,551.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 90 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
NASD
10/28/2003
03-07024
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE 203©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$300,000.00
AWARD AGAINST PARTY
11/01/2004
$170,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 91 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/01/2003
03-07989
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-BREACH OF CONTRACT
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS; OTHER TYPES OF SECURITIES
$552,000.00
AWARD AGAINST PARTY
01/03/2005
$179,994.44
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 92 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Allegations:
NASD
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE
204©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/12/2003
03-08260
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS; OTHER TYPES OF SECURITIES
$25,000.00
AWARD AGAINST PARTY
11/03/2004
$25,600.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 93 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/24/2003
03-08328
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$700,000.00
AWARD AGAINST PARTY
08/24/2005
$442,925.04
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 94 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-OTHER; ACCOUNT ACTIVITY-SUITABILITY
205©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/20/2004
03-08340
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-OTHER; ACCOUNT ACTIVITY-SUITABILITY
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$500,000.00
AWARD AGAINST PARTY
05/19/2005
$243,940.21
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 95 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/06/2004
04-00028
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MANIPULATION; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$7,112,548.00
AWARD AGAINST PARTY
07/31/2006
$150,000.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
206©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 96 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/23/2004
04-00736
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY;ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-FAILURETO SUPERVISE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUNICIPAL BONDS;MUTUAL FUNDS
$320,845.00
AWARD AGAINST PARTY
07/25/2005
$40,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 97 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
02/25/2004
04-00807
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY
ANNUITIES; COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SECINVOLVE; MUTUAL FUNDS
$375,000.00
AWARD AGAINST PARTY
02/25/2005207©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition Date:
Sum of All Relief Awarded:
02/25/2005
$95,300.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 98 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/25/2004
04-00918
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$318,413.00
AWARD AGAINST PARTY
01/11/2005
$17,562.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 99 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
NASD
04/12/2004
04-01563
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-BREACH OF CONTRACT
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$465,533.04 208©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
$465,533.04
AWARD AGAINST PARTY
03/16/2005
$40,300.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 100 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/08/2004
04-01964
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$223,757.84
AWARD AGAINST PARTY
04/22/2005
$111,037.44
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 101 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
NASD
05/19/2004
04-03313
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE
209©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
04-03313
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$1,500,000.00
AWARD AGAINST PARTY
08/01/2005
$500,500.02
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 102 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/21/2004
04-03445
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY
ANNUITIES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUALFUNDS
$178,146.00
AWARD AGAINST PARTY
08/18/2006
$145,000.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 103 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE
210©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/18/2004
04-03537
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$500,000.00
AWARD AGAINST PARTY
08/10/2005
$13,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 104 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/15/2004
04-04115
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$1,350,000.00
AWARD AGAINST PARTY
08/24/2005
$85,692.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 105 of 265
i
211©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
08/02/2004
04-04790
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS; DO NOTUSE-EXECUTIONS-FAILURE TO EXECUTE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$1,300,000.00
AWARD AGAINST PARTY
03/06/2006
$260,856.83
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 106 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
08/18/2004
04-05786
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$220,000.00
AWARD AGAINST PARTY
09/13/2005
$130,300.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
212©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 107 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/09/2004
04-05884
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
Unspecified Damages
AWARD AGAINST PARTY
01/30/2006
$34,425.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 108 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
09/21/2004
04-06107
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNTRELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$600,000.00
AWARD AGAINST PARTY
10/07/2005213©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition Date:
Sum of All Relief Awarded:
10/07/2005
$93,059.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 109 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/22/2004
04-06264
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-BREACH OF CONTRACT
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$875,000.00
AWARD AGAINST PARTY
09/27/2005
$164,581.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 110 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
NASD
09/16/2004
04-06520
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
Unspecified Damages 214©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
Unspecified Damages
AWARD AGAINST PARTY
01/19/2006
$447,500.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 111 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
10/21/2004
04-07272
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$271,000.00
AWARD AGAINST PARTY
10/10/2005
$75,300.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 112 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Allegations:
NASD
11/12/2004
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
215©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
11/12/2004
04-07806
ANNUITIES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUALFUNDS
$307,043.62
AWARD AGAINST PARTY
05/17/2006
$25,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 113 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/02/2004
04-08110
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY
ANNUITIES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$180,000.00
AWARD AGAINST PARTY
08/26/2005
$170,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 114 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACHOF CONTRACT
216©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/04/2005
04-08365
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACHOF CONTRACT
ANNUITIES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; OTHERTYPES OF SECURITIES
$1,098,274.00
AWARD AGAINST PARTY
10/16/2006
$1,202,813.74
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 115 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/15/2004
04-08409
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-MARGIN CALLS
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUNICIPAL BONDS; OPTIONS
$1,600,000.00
AWARD AGAINST PARTY
06/30/2006
$475,103.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 116 of 265
i
217©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 116 of 265
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/04/2005
04-08817
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURETO SUPERVISE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$420,000.00
AWARD AGAINST PARTY
11/23/2005
$338,612.58
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 117 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/02/2005
05-00512
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$550,000.00
AWARD AGAINST PARTY
02/14/2006
$35,000.00218©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Awarded: $35,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 118 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/21/2005
05-01300
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER; ACCOUNT RELATED-FAILURE TO SUPERVISE
ANNUITIES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$70,000.00
AWARD AGAINST PARTY
04/13/2006
$339,974.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 119 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
NASD
03/29/2005
05-01552
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT RELATED-FAILURE TO SUPERVISE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$150,000.00219©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
$150,000.00
AWARD AGAINST PARTY
03/15/2006
$25,000.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 120 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/31/2005
05-01652
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$17,110.00
AWARD AGAINST PARTY
01/20/2006
$10,212.50
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 121 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
NASD
04/08/2005
05-01685
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE
220©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
05-01685
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$540,673.00
AWARD AGAINST PARTY
11/10/2006
$450,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 122 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/02/2005
05-02227
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MANIPULATION; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNTACTIVITY-UNAUTHORIZED TRADING
COMMON STOCK; MUTUAL FUNDS; OPTIONS; PREFERRED STOCK
$420,306.00
AWARD AGAINST PARTY
06/08/2007
$58,800.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 123 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE
221©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/09/2005
05-02375
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$3,440,000.00
AWARD AGAINST PARTY
11/06/2006
$179,100.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 124 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/10/2005
05-02412
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$1,037,806.24
AWARD AGAINST PARTY
07/31/2006
$92,210.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 125 of 265
i
222©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/02/2005
05-02803
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$2,532,000.00
AWARD AGAINST PARTY
03/22/2007
$89,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 126 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/02/2005
05-02821
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$120,000.00
AWARD AGAINST PARTY
02/24/2006
$50,465.00
223©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 127 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/27/2005
05-03229
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$447,546.12
AWARD AGAINST PARTY
11/16/2006
$25,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 128 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
07/18/2005
05-03583
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$416,600.00
AWARD AGAINST PARTY
06/07/2006224©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition Date:
Sum of All Relief Awarded:
06/07/2006
$172,500.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 129 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/15/2005
05-03606
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$1,700,000.00
AWARD AGAINST PARTY
06/30/2006
$150,000.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 130 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
NASD
08/30/2005
05-04490
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
225©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$2,061,500.00
AWARD AGAINST PARTY
10/02/2006
$210,088.55
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 131 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/14/2005
05-05318
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; CORPORATE BONDS; DO NOT USE-NO OTHER TYPE OFSEC INVOLVE; MUNICIPAL BOND FUNDS
$2,761,666.84
AWARD AGAINST PARTY
07/20/2007
$412,500.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 132 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Allegations:
NASD
11/08/2005
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE
226©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
11/08/2005
05-05647
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$123,331.17
AWARD AGAINST PARTY
12/10/2007
$130,600.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 133 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/16/2005
05-05823
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNTRELATED-FAILURE TO SUPERVISE
ANNUITIES; COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SECINVOLVE; MUTUAL FUNDS
$248,076.64
AWARD AGAINST PARTY
11/30/2006
$250,000.02
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 134 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING;ACCOUNT RELATED-BREACH OF CONTRACT
227©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/15/2006
06-00686
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING;ACCOUNT RELATED-BREACH OF CONTRACT
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$1,925,000.00
AWARD AGAINST PARTY
12/01/2006
$420,000.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 135 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/11/2006
06-01793
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-FAILURE TO SUPERVISE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
ANNUITIES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$232,763.81
AWARD AGAINST PARTY
07/05/2007
$258,300.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 136 of 265
i
228©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
08/22/2006
06-03335
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TO SUPERVISE; DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$58,000.00
AWARD AGAINST PARTY
05/02/2008
$7,725.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 137 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/20/2006
06-04978
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-FAILURETO SUPERVISE; ACCOUNT RELATED-MARGIN CALLS; ACCOUNT RELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$237,000.00
AWARD AGAINST PARTY
03/07/2008
$99,000.00
229©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 138 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/08/2006
06-05197
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
Unspecified Damages
AWARD AGAINST PARTY
03/05/2008
$497,071.27
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 139 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
NASD
04/10/2007
06-05382
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT RELATED-FAILURE TO SUPERVISE; DONOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
Unspecified Damages
AWARD AGAINST PARTY 230©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition:
Disposition Date:
Sum of All Relief Awarded:
AWARD AGAINST PARTY
08/21/2008
$0.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 140 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/07/2007
07-00339
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$1,800,000.00
AWARD AGAINST PARTY
01/11/2008
$200,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 141 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
NASD
02/09/2007
07-00380
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NOOTHER CONTROVERSY INVOLVED
231©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
07-00380
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$217,385.00
AWARD AGAINST PARTY
05/23/2008
$43,136.35
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 142 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/24/2007
07-01583
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$558,375.00
AWARD AGAINST PARTY
03/26/2008
$87,600.41
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 143 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Allegations:
NASD
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE; DO NOTUSE-NO OTHER CONTROVERSY INVOLVED
232©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/06/2007
07-01982
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; HEDGE FUND
$15,505.00
AWARD AGAINST PARTY
03/14/2008
$10,212.50
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 144 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
FINRA
09/05/2007
07-02499
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
Unspecified Damages
AWARD AGAINST PARTY
07/18/2008
$177,002.86
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 145 of 265
i
Reporting Source: Regulator
233©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
FINRA
04/09/2008
08-00824
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-OTHER
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;UNKNOWN TYPE OF SECURITIES
$1,278,538.75
AWARD AGAINST PARTY
05/22/2009
$46,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 146 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
FINRA
12/09/2008
08-04027
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; OPTIONS
$8,400,000.00
AWARD AGAINST PARTY
03/29/2010
$82,837.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
234©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 147 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
FINRA
01/27/2009
09-00360
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-ERRORS-CHARGES
ANNUITIES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
Unspecified Damages
AWARD AGAINST PARTY
04/28/2010
$0.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 148 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
FINRA
12/31/2009
09-07137
ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-OTHER
OTHER TYPES OF SECURITIES
$809,677.92
AWARD AGAINST PARTY
03/24/2011
$292,952.71
235©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 149 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
FINRA
03/02/2012
12-00512
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE
$585,940.00
AWARD AGAINST PARTY
06/19/2015
$40,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 150 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
08/29/1986
86-00985
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; OPTIONS
$289,352.00
AWARD AGAINST PARTY
04/25/1991 236©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition Date:
Sum of All Relief Awarded:
04/25/1991
$228,004.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 151 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/01/1987
87-02042
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$420,000.00
AWARD AGAINST PARTY
05/22/1989
$28,616.98
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 152 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
NASD
01/01/1988
88-00007
ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$12,523.34
237©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
$12,523.34
AWARD AGAINST PARTY
10/30/1989
$0.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 153 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/01/1988
88-01094
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY;ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$190,406.00
AWARD AGAINST PARTY
01/31/1990
$20,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 154 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
NASD
01/01/1988
88-01557
DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
238©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
88-01557
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$45,001.04
AWARD AGAINST PARTY
07/25/1989
$24,900.52
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 155 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/21/1988
88-01784
DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; OPTIONS
$184,145.00
AWARD AGAINST PARTY
09/11/1991
$185,609.61
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 156 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Allegations:
NASD
01/01/1988
ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-EXECUTIONS-FAILURE TOEXECUTE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
239©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
88-02067
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$890.82
AWARD AGAINST PARTY
06/02/1989
$596.26
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 157 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/01/1988
88-02906
ACCOUNT ACTIVITY-OTHER; ACCOUNT ACTIVITY-UNAUTHORIZEDTRADING; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$14,850.57
AWARD AGAINST PARTY
09/08/1989
$1,787.50
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 158 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Allegations:
NASD
01/01/1988
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
240©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
01/01/1988
88-03168
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$44,280.00
AWARD AGAINST PARTY
07/31/1990
$12,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 159 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/10/1988
88-03197
DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$23,391.00
AWARD AGAINST PARTY
06/13/1991
$13,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 160 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNTRELATED-FAILURE TO SUPERVISE
241©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/01/1988
88-99910
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNTRELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS; OPTIONS
$2,067,119.00
AWARD AGAINST PARTY
03/14/1990
$3,616.10
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 161 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/05/1989
89-00163
DO NOT USE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$120,000.00
AWARD AGAINST PARTY
10/19/1990
$18,083.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 162 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-MISREPRESENTATION; DO NOT USE-NO OTHERCONTROVERSY INVOLVED 242©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/01/1989
89-01384
ACCOUNT ACTIVITY-MISREPRESENTATION; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; GOVERNMENTSECURITIES
$5,721.00
AWARD AGAINST PARTY
03/20/1990
$2,860.50
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 163 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/01/1989
89-03244
DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$75,000.00
AWARD AGAINST PARTY
10/29/1990
$42,500.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 164 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: DO NOT USE-NO OTHER CONTROVERSY INVOLVED 243©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/26/1990
90-00160
DO NOT USE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$148,847.00
AWARD AGAINST PARTY
01/23/1992
$27,475.76
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 165 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/12/1990
90-00182
ACCOUNT ACTIVITY-MISREPRESENTATION; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$100,000.00
AWARD AGAINST PARTY
07/18/1991
$16,415.26
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 166 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
244©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/12/1990
90-00988
DO NOT USE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$4,770.68
AWARD AGAINST PARTY
01/30/1991
$1,962.30
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 167 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/14/1990
90-01304
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-UNAUTHORIZEDTRADING; ACCOUNT RELATED-OTHER; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; GOVERNMENTSECURITIES; MUTUAL FUNDS
$271,787.00
AWARD AGAINST PARTY
03/15/1991
$13,821.03
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 168 of 265
i
245©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/19/1990
90-01657
ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZEDTRADING; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; REAL ESTATEINVESTMENT TRUST
$30,000.00
AWARD AGAINST PARTY
06/28/1991
$30,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 169 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/20/1990
90-01994
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NOOTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$690,000.00
AWARD AGAINST PARTY
12/18/1991
$300,000.00
246©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 170 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/14/1990
90-02154
ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZEDTRADING; ACCOUNT RELATED-BREACH OF CONTRACT; DO NOT USE-NOOTHER CONTROVERSY INVOLVED
PREFERRED STOCK; UNKNOWN TYPE OF SECURITIES
$99,158.00
AWARD AGAINST PARTY
01/28/1992
$12,690.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 171 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
12/11/1990
90-03047
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-UNAUTHORIZEDTRADING; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUNICIPAL BOND FUNDS
$143,068.00
AWARD AGAINST PARTY
03/23/1993
247©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Awarded: $39,360.82
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 172 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/12/1990
90-03111
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$10,835.00
AWARD AGAINST PARTY
07/19/1991
$7,883.38
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 173 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
NASD
02/26/1991
91-00297
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$1,085,000.00
248©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition:
Disposition Date:
Sum of All Relief Awarded:
AWARD AGAINST PARTY
11/27/1991
$34,309.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 174 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/11/1991
91-00427
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$68,120.00
AWARD AGAINST PARTY
01/29/1992
$67,739.38
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 175 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
NASD
06/12/1991
91-00466
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNTRELATED-OTHER
ANNUITIES; MUTUAL FUNDS; UNKNOWN TYPE OF SECURITIES 249©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
ANNUITIES; MUTUAL FUNDS; UNKNOWN TYPE OF SECURITIES
$9,000.00
AWARD AGAINST PARTY
02/13/1992
$2,393.79
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 176 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/06/1991
91-00839
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NOOTHER CONTROVERSY INVOLVED
LIMITED PARTNERSHIPS; UNKNOWN TYPE OF SECURITIES
$56,000.00
AWARD AGAINST PARTY
06/24/1992
$61,950.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 177 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Allegations:
NASD
03/27/1991
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER; ACCOUNT ACTIVITY-SUITABILITY
250©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
03/27/1991
91-00910
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; OPTIONS
$100,000.00
AWARD AGAINST PARTY
09/14/1991
$15,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 178 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/12/1991
91-00964
ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-OTHER; DO NOT USE-EXECUTIONS-OTHER
MUNICIPAL BOND FUNDS; UNKNOWN TYPE OF SECURITIES
$1,050.00
AWARD AGAINST PARTY
02/26/1992
$1,050.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 179 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-OTHER; ACCOUNTACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE
251©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/23/1991
91-01542
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-OTHER; ACCOUNTACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$871,769.00
AWARD AGAINST PARTY
09/23/1992
$59,375.75
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 180 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/29/1991
91-01578
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
CORPORATE BONDS; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$60,571.00
AWARD AGAINST PARTY
07/16/1992
$15,564.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 181 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-NEGLIGENCE
252©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/07/1991
91-01628
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-NEGLIGENCE
ANNUITIES; COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SECINVOLVE
$150,000.00
AWARD AGAINST PARTY
01/27/1993
$20,483.70
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 182 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/03/1991
91-01750
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER;ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TOSUPERVISE
LIMITED PARTNERSHIPS; OPTIONS; REAL ESTATE INVESTMENT TRUST;UNKNOWN TYPE OF SECURITIES
$467,601.20
AWARD AGAINST PARTY
07/08/1992
$4,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
253©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 183 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/09/1991
91-02049
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; UNKNOWN TYPEOF CONTROVERSIES
ANNUITIES; COMMON STOCK; OTHER TYPES OF SECURITIES; UNKNOWNTYPE OF SECURITIES
$120,873.87
AWARD AGAINST PARTY
08/14/1992
$105,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 184 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
09/20/1991
91-02232
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$4,403.00
AWARD AGAINST PARTY
03/19/1992
254©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Awarded: $4,403.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 185 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
08/26/1991
91-02502
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE
COMMODITIES FUTURES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;OPTIONS
$97,697.00
AWARD AGAINST PARTY
08/04/1993
$21,945.68
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 186 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
NASD
08/21/1991
91-02533
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; GOVERNMENTSECURITIES
$37,303.00255©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
$37,303.00
AWARD AGAINST PARTY
04/06/1992
$22,500.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 187 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/24/1991
91-02905
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; OPTIONS
$9,412.00
AWARD AGAINST PARTY
12/01/1992
$6,983.68
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 188 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
NASD
10/08/1991
91-03095
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-OTHER; ACCOUNT RELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;OPTIONS 256©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;OPTIONS
$496,600.00
AWARD AGAINST PARTY
08/17/1992
$42,500.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 189 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/02/1991
91-03288
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-BREACH OF CONTRACT
COMMON STOCK; GINNIE MAES; LIMITED PARTNERSHIPS; UNKNOWN TYPEOF SECURITIES
$272,000.00
AWARD AGAINST PARTY
09/18/1992
$40,725.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 190 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TOSUPERVISE
257©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/24/1992
91-03734
COMMON STOCK; UNKNOWN TYPE OF SECURITIES
$600,000.00
AWARD AGAINST PARTY
03/22/1993
$53,113.50
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 191 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/20/1992
92-00208
ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-TRANSFER; DONOT USE-EXECUTIONS-FAILURE TO EXECUTE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$4,051.33
AWARD AGAINST PARTY
11/10/1992
$3,826.33
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 192 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
258©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/15/1992
92-00948
ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUNICIPAL BONDS
$5,000.00
AWARD AGAINST PARTY
09/28/1992
$5,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 193 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/28/1992
92-01303
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NOOTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$146,019.81
AWARD AGAINST PARTY
02/17/1994
$295,905.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 194 of 265
i
259©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/20/1992
92-02139
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURETO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;OPTIONS
$1,400,000.00
AWARD AGAINST PARTY
08/13/1993
$218,269.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 195 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/05/1992
92-02563
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
ANNUITIES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$549,000.00
AWARD AGAINST PARTY
12/27/1993
$55,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
260©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 196 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/11/1992
92-02855
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTACTIVITY-UNAUTHORIZED TRADING
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$111,764.00
AWARD AGAINST PARTY
12/09/1993
$4,318.75
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 197 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/25/1993
93-00436
ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$10,066.52
AWARD AGAINST PARTY
08/26/1993
$4,261.00
261©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 198 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/10/1993
93-01439
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$158,892.36
AWARD AGAINST PARTY
03/25/1994
$87,987.25
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 199 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
NASD
07/13/1993
93-01500
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNTRELATED-FAILURE TO SUPERVISE
COMMON STOCK; GOVERNMENT SECURITIES; OPTIONS; PREFERREDSTOCK
$134,747.00
AWARD AGAINST PARTY262©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition:
Disposition Date:
Sum of All Relief Awarded:
AWARD AGAINST PARTY
09/27/1994
$15,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 200 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/13/1993
93-02113
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$50,000.00
AWARD AGAINST PARTY
03/31/1994
$28,842.55
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 201 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
NASD
08/03/1993
93-02777
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACHOF CONTRACT
COMMODITIES FUTURES; COMMON STOCK; DO NOT USE-NO OTHER TYPEOF SEC INVOLVE; OPTIONS
263©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
COMMODITIES FUTURES; COMMON STOCK; DO NOT USE-NO OTHER TYPEOF SEC INVOLVE; OPTIONS
$12,000,000.00
AWARD AGAINST PARTY
03/13/1996
$55,444.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 202 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/29/1993
93-04353
DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$7,500.00
AWARD AGAINST PARTY
08/16/1994
$1,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 203 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Allegations:
NASD
01/06/1994
ACCOUNT ACTIVITY-OTHER; ACCOUNT ACTIVITY-UNAUTHORIZEDTRADING; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
264©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
01/06/1994
93-04868
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$179,726.00
AWARD AGAINST PARTY
09/13/1994
$66,281.82
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 204 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/19/1994
94-00157
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-ERRORS-CHARGES; DO NOT USE-NOOTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; GOVERNMENTSECURITIES; MUTUAL FUNDS
$2,312.93
AWARD AGAINST PARTY
06/27/1994
$2,312.93
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 205 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-NEGLIGENCE
265©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
08/01/1994
94-02460
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$9,979.00
AWARD AGAINST PARTY
04/17/1995
$4,485.48
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 206 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/26/1994
94-02779
ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-TRANSFER;DO NOT USE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$1,250,000.00
AWARD AGAINST PARTY
11/14/1995
$375,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 207 of 265
i
266©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/06/1994
94-03186
ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHER CONTROVERSYINVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$4,558.88
AWARD AGAINST PARTY
05/30/1995
$3,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 208 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
11/09/1994
94-03352
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$110,000.00
AWARD AGAINST PARTY
06/06/1996
$117,720.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
267©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 209 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/09/1994
94-03616
ACCOUNT ACTIVITY-OTHER; ACCOUNT ACTIVITY-UNAUTHORIZEDTRADING; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-FAILURE TO SUPERVISE
COMMODITIES FUTURES; COMMON STOCK; DO NOT USE-NO OTHER TYPEOF SEC INVOLVE; OTHER TYPES OF SECURITIES
$900,000.00
AWARD AGAINST PARTY
04/03/1996
$5,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 210 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/13/1995
95-00634
ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHER CONTROVERSYINVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$10,000.00
AWARD AGAINST PARTY
10/23/1995
$3,830.00268©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Awarded: $3,830.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 211 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/13/1995
95-00685
ACCOUNT RELATED-OTHER; DO NOT USE-NO OTHER CONTROVERSYINVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$10,000.00
AWARD AGAINST PARTY
09/29/1995
$10,150.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 212 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
NASD
03/16/1995
95-01153
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; OTHER TYPES OFSECURITIES
$19,183.12
AWARD AGAINST PARTY
269©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition Date:
Sum of All Relief Awarded:
10/30/1995
$2,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 213 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/05/1995
95-01227
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTACTIVITY-UNAUTHORIZED TRADING
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;MUTUAL FUNDS
$33,226.52
AWARD AGAINST PARTY
10/13/1995
$490,471.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 214 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
NASD
04/27/1995
95-01593
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE270©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$177,000.00
AWARD AGAINST PARTY
04/08/1996
$20,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 215 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/28/1995
95-01680
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY
ANNUITIES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUALFUNDS; OTHER TYPES OF SECURITIES
Unspecified Damages
AWARD AGAINST PARTY
04/25/1996
$6,325.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 216 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Allegations:
NASD
05/18/1995
ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
271©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
05/18/1995
95-02368
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$31,550.98
AWARD AGAINST PARTY
08/28/1996
$717.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 217 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/31/1995
95-02512
ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
ANNUITIES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$80,977.49
AWARD AGAINST PARTY
04/19/1996
$18,923.20
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 218 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-BREACH OF CONTRACT
272©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/16/1995
95-02678
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-BREACH OF CONTRACT
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;OPTIONS
$500,001.00
AWARD AGAINST PARTY
06/17/1996
$130,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 219 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
08/24/1995
95-02702
ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHER CONTROVERSYINVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$9,400.00
AWARD AGAINST PARTY
01/17/1996
$1,500.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 220 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE
273©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/22/1995
95-03011
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$100,000.00
AWARD AGAINST PARTY
04/24/1997
$56,450.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 221 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
10/19/1995
95-03553
ACCOUNT ACTIVITY-OMISSION OF FACTS; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$1,954.60
AWARD AGAINST PARTY
05/08/1996
$1,650.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 222 of 265
i
274©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/02/1996
95-04002
ACCOUNT RELATED-ERRORS-CHARGES; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUNICIPAL BOND FUNDS
$816.08
AWARD AGAINST PARTY
03/28/1996
$272.88
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 223 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
12/12/1995
95-05689
DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$1,827.11
AWARD AGAINST PARTY
07/02/1996
$777.11
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 224 of 265
i
275©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 224 of 265
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/26/1996
95-05737
ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-EXECUTIONS-FAILURE TOEXECUTE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$60,000.00
AWARD AGAINST PARTY
02/25/1997
$14,277.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 225 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
02/07/1996
96-00097
ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY;ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS
$90,000.00
AWARD AGAINST PARTY
11/26/1996
$135,000.00
There may be a non-monetary award associated with this arbitration.
276©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Please select the Case Number above to view more detailed information.
Disclosure 226 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/25/1996
96-00233
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING;ACCOUNT RELATED-FAILURE TO SUPERVISE
ANNUITIES; COMMODITIES FUTURES; COMMON STOCK; OPTIONS
$348,721.44
AWARD AGAINST PARTY
04/07/1997
$89,041.34
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 227 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
04/25/1996
96-00950
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; FANNIE MAE; MUNICIPAL BONDS; OTHER TYPES OFSECURITIES
$4,772.54
AWARD AGAINST PARTY
09/27/1996277©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition Date:
Sum of All Relief Awarded:
09/27/1996
$1,513.02
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 228 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/27/1996
96-01936
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; MUTUAL FUNDS; OPTIONS
$7,207.13
AWARD AGAINST PARTY
03/10/1997
$1,372.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 229 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
NASD
06/07/1996
96-02350
ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$10,150.00
AWARD AGAINST PARTY278©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition:
Disposition Date:
Sum of All Relief Awarded:
AWARD AGAINST PARTY
10/09/1996
$8,239.23
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 230 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/11/1996
96-02351
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; LIMITEDPARTNERSHIPS
Unspecified Damages
AWARD AGAINST PARTY
01/06/1997
$150.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 231 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
NASD
06/27/1996
96-02454
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY;ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-FAILURE TO SUPERVISE
279©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
96-02454
ANNUITIES; COMMON STOCK; OPTIONS; WARRANTS/RIGHTS
Unspecified Damages
AWARD AGAINST PARTY
02/12/1999
$40,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 232 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/08/1996
96-02834
ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZEDTRADING; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; GOVERNMENTSECURITIES; MUTUAL FUNDS
$7,320.40
AWARD AGAINST PARTY
01/14/1997
$4,141.40
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 233 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Allegations:
NASD
ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-FAILURE TO SUPERVISE; DONOT USE-NO OTHER CONTROVERSY INVOLVED
280©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/12/1996
96-03654
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$15,332.50
AWARD AGAINST PARTY
02/13/1997
$4,850.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 234 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
10/29/1996
96-04559
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURETO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;OPTIONS; OTHER TYPES OF SECURITIES
$123,333.00
AWARD AGAINST PARTY
10/07/1997
$30,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 235 of 265
i
Reporting Source: Regulator
281©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/09/1997
97-00017
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;OPTIONS
$49,855.00
AWARD AGAINST PARTY
01/15/1998
$3,500.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 236 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/18/1997
97-00506
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-MARGIN CALLS
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$96,750.00
AWARD AGAINST PARTY
04/03/1998
$5,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
282©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 237 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/17/1997
97-00991
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER; DONOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; OPTIONS
$131,000.00
AWARD AGAINST PARTY
05/11/1998
$112,721.32
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 238 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/27/1997
97-01449
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-OTHER; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
Unspecified Damages
AWARD AGAINST PARTY
05/13/1998
$5,000.00
283©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 239 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/03/1997
97-01475
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; LIMITED PARTNERSHIPS
$1,916,495.00
AWARD AGAINST PARTY
10/29/1998
$459,605.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 240 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
06/25/1997
97-01840
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$1,030,717.53
AWARD AGAINST PARTY
08/21/1998 284©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition Date:
Sum of All Relief Awarded:
08/21/1998
$48,750.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 241 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/30/1997
97-02194
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$400,000.00
AWARD AGAINST PARTY
02/11/1998
$32,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 242 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
NASD
09/04/1997
97-03441
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$78,313.00 285©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
$78,313.00
AWARD AGAINST PARTY
07/07/1998
$37,600.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 243 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
08/15/1997
97-03675
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-OTHER; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$300,000.00
AWARD AGAINST PARTY
12/18/1998
$50,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 244 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
NASD
08/21/1997
97-03851
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE
286©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
97-03851
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$55,145.79
AWARD AGAINST PARTY
07/16/1998
$67,145.79
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 245 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
09/23/1997
97-04031
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-BREACH OF CONTRACT
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$40,000.00
AWARD AGAINST PARTY
07/15/1998
$35,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 246 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Allegations:
NASD
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY;ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE
287©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
10/28/1997
97-04894
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$250,000.00
AWARD AGAINST PARTY
08/24/1999
$206,629.35
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 247 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/21/1998
98-00183
DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; OPTIONS
$4,145.00
AWARD AGAINST PARTY
07/23/1998
$4,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 248 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY 288©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/18/1998
98-00232
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$71,000.00
AWARD AGAINST PARTY
02/12/1999
$29,600.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 249 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
03/18/1998
98-00394
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-OTHER; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
COMMON STOCK; CORPORATE BONDS; FANNIE MAE; GINNIE MAES
$1,673,913.00
AWARD AGAINST PARTY
12/14/2001
$20,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 250 of 265
i
Reporting Source: Regulator
289©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/21/1998
98-01166
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$158,257.85
AWARD AGAINST PARTY
03/18/1999
$18,750.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 251 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
10/28/1998
98-02495
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;OPTIONS; PREFERRED STOCK
$141,000.00
AWARD AGAINST PARTY
12/15/1999
$55,224.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
290©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disclosure 252 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/19/1999
98-04960
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$500,000.00
AWARD AGAINST PARTY
08/18/2000
$263,225.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 253 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
03/30/1999
99-01160
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$356,368.00
AWARD AGAINST PARTY
01/24/2000
291©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Sum of All Relief Awarded: $170,332.50
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 254 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/22/1999
99-01238
ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY;ACCOUNT RELATED-FAILURE TO SUPERVISE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$171,000.00
AWARD AGAINST PARTY
12/05/2000
$69,161.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 255 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
NASD
06/03/1999
99-01422
DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; OPTIONS
$10,874.90
AWARD AGAINST PARTY 292©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition:
Disposition Date:
Sum of All Relief Awarded:
AWARD AGAINST PARTY
08/09/2000
$6,738.81
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 256 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
04/29/1999
99-01432
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE
COMMODITIES FUTURES; COMMON STOCK; DO NOT USE-NO OTHER TYPEOF SEC INVOLVE; OPTIONS
$865,000.00
AWARD AGAINST PARTY
12/21/2000
$190,659.54
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 257 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
NASD
05/26/1999
99-01604
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NOOTHER CONTROVERSY INVOLVED
293©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
99-01604
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$132,000.00
AWARD AGAINST PARTY
06/05/2000
$36,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 258 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
05/20/1999
99-01708
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE; DO NOTUSE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$15,777.86
AWARD AGAINST PARTY
05/18/2000
$1,125.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 259 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE
294©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Arbitration Forum:
Case Initiated:
Case Number:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
06/11/1999
99-02230
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$125,000.00
AWARD AGAINST PARTY
08/17/2000
$57,900.02
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 260 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/19/1999
99-02593
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$181,504.00
AWARD AGAINST PARTY
05/24/2000
$300,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 261 of 265
i
295©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
07/19/1999
99-02593
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$181,504.00
AWARD AGAINST PARTY
05/24/2000
$300,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 262 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
10/04/1999
99-03471
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT; DONOT USE-NO OTHER CONTROVERSY INVOLVED
DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; UNKNOWN TYPE OFSECURITIES
$120,000.00
AWARD AGAINST PARTY
10/30/2000
$20,150.00
296©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 263 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/04/2000
99-04848
ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-FAILURE TO SUPERVISE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$243,884.00
AWARD AGAINST PARTY
07/25/2001
$16,000.01
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 264 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
NASD
11/22/1999
99-05003
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$159,282.19
AWARD AGAINST PARTY
04/30/2001 297©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Disposition Date:
Sum of All Relief Awarded:
04/30/2001
$153,753.52
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
Disclosure 265 of 265
i
Reporting Source: Regulator
Type of Event: ARBITRATION
Arbitration Forum:
Case Initiated:
Case Number:
Allegations:
Disputed Product Type:
Sum of All Relief Requested:
Disposition:
Disposition Date:
Sum of All Relief Awarded:
NASD
01/10/2000
99-05313
ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE
COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE
$325,000.00
AWARD AGAINST PARTY
03/21/2001
$88,000.00
There may be a non-monetary award associated with this arbitration.Please select the Case Number above to view more detailed information.
298©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Civil Bond
This type of disclosure event involves a civil bond for the brokerage firm that has been denied, paid, or revoked by abonding company.
Disclosure 1 of 3
Reporting Source: Firm
Policy Holder: FIRST UNION SECURITIES, INC.
Bonding Company Name: THE HARTFORD
Disposition: Payout
Disposition Date: 12/11/1985
Payout Details: 243,375.16 DATE PAID DECEMBER 11, 1985
Firm Statement THE ACTUAL POLICY HOLDER OF THIS BOND WAS WHEAT FIRSTSECURITIES, INC. WHEAT FIRST SECURITIES , INC. CHANGED ITS NAME TOFIRST UNION CAPITAL MARKETS CORP., WHICH MERGED INTO FIRSTUNION SECURITIES, INC. ON OCTOBER 1, 1999. SETTLEMENT OF INSURERARISING FOR WHEAT FIRST SECURITIES, INC. PAYMENTS TO CLIENTSBECAUSE OF A FRAUDULENT CONDUCT OF A REGISTEREDREPRESENTATIVE. THE REGISTERED REPRESENTATIVE, JOHN K.MERICAL, WAS PERMANENTLY BARRED BY THE NEW YOURK STOCKEXCHANGE, INC. ON NOVEMBER 15, 1985, NYSE DEC. NO. 85-126 ANDPLED GUILTY TO FEDERAL FRAUD VIOLATIONS AND SERVED A THREE (3)YEAR SENTENCE IMPOSED BY THE FEDERAL COURT. US V JOHN K.MERICAL (NO.1:8500071) US DIST SD WVA.
Disclosure 2 of 3
i
Reporting Source: Firm
Policy Holder: A.G. EDWARDS & SONS, INC.
Bonding Company Name: AETNA
Disposition: Payout
Disposition Date: 01/01/1992
Payout Details: $371,625.00 PAID IN JANUARY, 1992.
Firm Statement DISHONEST ACTS BY FORMER EMPLOYEE RICHARD K. PEMBERTON.
Disclosure 3 of 3
i
Reporting Source: Firm
299©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
Policy Holder: A.G. EDWARDS & SONS, INC.
Bonding Company Name: NATIONAL UNION FIRE INSURANCE OF PENNSYLVANIA
Disposition: Payout
Disposition Date: 12/01/1989
Payout Details: THE TERMS OF THE SETTLEMENT ARE SUBJECT TO A CONFIDENTIALITYAGREEMENT.
Firm Statement DISHONEST ACTS BY FORMER EMPLOYEE BILLY BOB HARRIS.
300©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
www.finra.org/brokercheck User Guidance
End of Report
This page is intentionally left blank.
301©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.
top related