June 17, 2026
Client Alert: The Compliance Problem Inside a Fraction of a Share
Edward D. Jones & Co. agreed to a $125,000 fine and a censure to settle FINRA charges that it had failed to report approximately 2.7 million fractional-share liquidations to a FINRA trade reporting facility. The matter resolved through a Letter of Acceptance, Waiver, and Consent, the negotiated procedure by which a firm consents to FINRA’s findings to resolve a disciplinary action without litigating it. The firm also paid the regulatory transaction fees owed on the unreported trades.