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Recent Finance Advising Reviews in Buckfield

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    Edward Jones
    All went ok for several years until I read on the front page of the Wall Street Journal that the SEC fined Edward Jones 75 million $$ for making extra commissions ,"revenue sharing", they called it,  by selling  certain mutual funds.    Edward Jones purchased mutual funds from 7 mutual fund "families"  that  paid out to Edward Jones, revenue sharing  commissions  for selling their mutual funds to Edward Jones clients, like me.  This is on top of  the normal commissions paid to all stock brokers. (see explanations at online addresses  listed below) The fine from the SEC was for Edward Jones not  informing their clients about this revenue sharing....... which they now are required  to do.       In the Wall Street Journal  it listed the 7 families.   Every one of the mutual funds I owned ,  Doug Curtis selected from those families and no others.   When I called Doug Curtis  and asked him about the Wall St. Journal headline , he said he knew nothing about it.     I lost my trust  and left Edward Jones.       A couple of years later, 2008, 3 of my corporate bonds picked out by Doug Curtis,......  Lehman Brothers, General Motors & City Group.......  all collapsed.   A  very big loss for me.    Clearly, I would not take advice from Doug Curtis or anyone working for Edward Jones again.   Their  2012 TV ads saying how trust worthy Edward Jones is makes my skin crawl.  II flip to another channel as fast as I can.
    - Maxine S.
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Financial Advisors in Buckfield

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