A. G. EDWARDS & SONS, INC. · A. G. EDWARDS & SONS, INC. CRD# 4 SEC# 8-13580 Main Office Location...

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

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CRD# 4

SEC# 8-13580

Main Office Location

ONE NORTH JEFFERSON AVE.ST. LOUIS, MO 63103

Mailing Address


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.


http://www.finra.org/brokercheck

http://www.finra.org/brokercheck_reports


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?






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.


SEC#

4

8-13580

Main Office Location

Mailing Address

Business Telephone Number

Doing business as A. G. EDWARDS & SONS, INC.

314 955-3000








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



Position Start Date


ATKIN, MARY MARGARET

DIRECTOR, EXECUTIVE VICE PRESIDENT

Less than 5%

No

Individual

09/1993

Yes

863962



Position


Position Start Date

BAGBY, ROBERT LEE

CHAIRMAN OF BOARD OF DIRECTORS

Less than 5%

Individual

10/2007

9985








Direct Owners and Executive Officers (continued)

Firm Profile




Less than 5%

No

Yes

Position



Position Start Date


BIEBEL, PETER ALAN

SENIOR REGISTERED OPTIONS PRINCIPAL

Less than 5%

No

Individual

03/2005

Yes

722143



Position



Position Start Date


GRUMKE, CLAY LEONARD

CHIEF LEGAL COUNSEL, VICE PRESIDENT

Less than 5%

No

Individual

03/2007

No

2199350



HOPKINS, DAVID RICHARD

4802877








Firm Profile

Position



Position Start Date


EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER, TREASURER

Less than 5%

No

Individual

10/2007

Yes

4802877


Position



Position Start Date


KELLY, DOUGLAS LAIRD

CORPORATE SECRETARY, DIRECTOR, EXECUTIVE VP; CHIEF OPERATINGOF

Less than 5%

No

Individual

10/2007

Yes

2428802



Position


Position Start Date


LUDEMAN, DANIEL JAMES

PRESIDENT AND CHIEF EXECUTIVE OFFICER

Less than 5%

Individual

10/2007

Yes

874126









Firm Profile



No

Yes

Position



Position Start Date


MAHAT, MARC ALAN

COMPLIANCE REGISTERED OPTIONS PRINCIPAL

Less than 5%

No

Individual

04/2007

No

1967091



Position



Position Start Date


UNDERWOOD, BRIAN CLINTON

DIRECTOR, CHIEF COMPLIANCE OFFICER, SENIOR VICE PRESIDENT

Less than 5%

No

Individual

08/1989

Yes

1229168








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



Company through whichindirect ownership isestablished

Relationship to Direct Owner

Relationship Established









Firm History

This section provides information relating to any successions (e.g., mergers, acquisitions) involving the firm.

No information reported.






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.






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






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.





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.






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






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:



Country:

Foreign Entity:

Effective Date:

Business Address:

CRD #:






Firm Operations

Organization Affiliates (continued)


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.


Description:



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:



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.





Firm Operations


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:



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:



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:






Firm Operations


No

No

No


Description:



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:



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.



Country:

Foreign Entity:

Effective Date:

Business Address:






Firm Operations


Yes

THE AFFILATE IS 100% OWNED BY WACHOVIA CORPORATION. WACHOVIACORPORATION IS THE ULTIMATE PARENT OF BOTH THE APPLICANT ANDAFFILIATE.

Description:


No

No

No

10/01/2007


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:



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:



Country:

Foreign Entity:

Effective Date:

Business Address:

CRD #:






Firm Operations


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:



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:



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 #:






Firm Operations


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:



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.


Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

CRD #:

No

No

10/01/2007




Country:

Foreign Entity:

Effective Date:

Business Address:






Firm Operations


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:



No

No

No

10/01/2007


WACHOVIA CAPITAL PARTNERS, INC. is under common control with the firm.


Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

No

No

No

10/01/2007

ONE WACHOVIA CENTERCHARLOTTE, NC 28288



Description:



Country:

Foreign Entity:

Effective Date:

Business Address:






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




Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

No

No

No

10/01/2000




Description:



Country:

Foreign Entity:

Effective Date:

Business Address:



Business Address:






Firm Operations


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:



Country:

Foreign Entity:

Effective Date:

No

No

No

10/01/2007




Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

No

No

No

10/01/2007


WACHOVIA CAPITAL PARTNERS 1998-II, LLC is under common control with the firm.



Country:

Foreign Entity:

Effective Date:

Business Address:






Firm Operations


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:


No

No

No

10/01/2007




Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

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 AFFILIATE.

Description:



Country:

Foreign Entity:

Effective Date:

Business Address:






Firm Operations


No

No

No

10/01/2007


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:



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.


Description:



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.


Country:

Foreign Entity:

Effective Date:

Business Address:






Firm Operations


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:



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.


Description:



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.


Description:



Country:

Foreign Entity:

Effective Date:

Business Address:

CRD #:






Firm Operations



Description:

No

No

No

10/01/2007

123 SOUTH BROAD STREETPHILADELPHIA, PA 19109

WACHOVIA PRIVATE CAPITAL, INC. is under common control with the firm.


Description:



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:



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:






Firm Operations


No

Yes

BERMUDA

Yes

10/01/2007


Description:



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.


Description:



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.


Country:

Foreign Entity:

Effective Date:

Business Address:

CRD #:






Firm Operations


Yes

No


Description:



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:



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.



Country:

Foreign Entity:

Effective Date:

Business Address:






Firm Operations


Yes


Description:


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.


Description:



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:



Country:

Foreign Entity:

Effective Date:

Business Address:

CRD #:






Firm Operations


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:



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






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






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






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

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Initiated By: FINRA




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.



Resolution:


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.


No

Sanctions Ordered: CensureMonetary/Fine $7,500.00

Acceptance, Waiver & Consent(AWC)

Disclosure 3 of 75

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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).







Initiated By: FINRA





Principal Product Type: Debt - Municipal


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:


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.


No



Disclosure 4 of 75

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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.






https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions?search=2007007116901


Initiated By: TEXAS


Reprimand



Docket/Case Number: IC08-CAF-05




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:

Other Sanctions Ordered: REPRIMAND

Sanction Details: NO OTHER SANCTIONS FOLLOW.


No

Sanctions Ordered: Monetary/Fine $5,000.00

Order

Disclosure 5 of 75

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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.







Initiated By: FINRA







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:


No










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.


Disclosure 6 of 75

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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).







Initiated By: AMERICAN STOCK EXCHANGE


Civil and Administrative Penalt(ies) /Fine(s)


CENSURE


Docket/Case Number: 05-112

Principal Product Type: Options


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:

Other Sanctions Ordered: N/A

Sanction Details: N/A

Regulator Statement N/A


No


Stipulation and Consent

Disclosure 7 of 75

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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.







Initiated By: FINRA






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:


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.


No



iReporting Source: Firm

Initiated By: FINRA



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.











Other Product Type(s): NASDAQ SECURITIES


Resolution:


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.



Disclosure 8 of 75

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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.







Initiated By: FINRA





Principal Product Type: Debt - Corporate

Other Product Type(s): MUNICIPAL SECURITIES


Resolution:


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.


No




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.








Initiated By: FINRA






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:


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.



Disclosure 9 of 75

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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.







Initiated By: MASSACHUSETTS




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


Docket/Case Number: E-2005-0001






Resolution:

Other Sanctions Ordered: ACCOUNTING.

Sanction Details: RESTITUTION TO ALL INVESTORS LISTED IN CONSENT ORDER, EXHIBIT 1.


No

Sanctions Ordered: CensureDisgorgement/RestitutionCease and Desist/Injunction

Consent



Current Status: Pending






Initiated By: MASSACHUSETTS




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






Disclosure 10 of 75

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Reporting Source: Firm

Initiated By: STATE OF SOUTH CAROLINA




CONSENT ORDER


Docket/Case Number: FILE NUMBER 03049



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.


Resolution: Order 47©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.






Resolution:


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.


Order

Disclosure 11 of 75

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Initiated By: ILLINOIS


Other


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




Principal Product Type: Equity Listed (Common & Preferred Stock)


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.








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:

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


No


Order


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







Initiated By: STATE OF ILLINOIS


Other


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.





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

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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.







Initiated By: UNITED STATES SECURITIES AND EXCHANGE COMMISSION




Docket/Case Number: FILE NO. 3-12624



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:

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.


No

Sanctions Ordered: CensureMonetary/Fine $1,500,000.00Disgorgement/Restitution

Order






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.


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.











Docket/Case Number: FILE NO. 3-12624



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:


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

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Disclosure 13 of 75


Initiated By: NASD







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.



Resolution:


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.


No










Initiated By: NASD







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.



Resolution:


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.



Disclosure 14 of 75

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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).







Initiated By: COMMONWEALTH OF PENNSYLVANIA


Undertaking



Docket/Case Number: 2005-08-18



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:

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.


Other






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

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Initiated By: STATE OF RHODE ISLAND


Other



Docket/Case Number:

Principal Product Type: Annuity(ies) - Variable


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.



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

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CENSURE





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.



Resolution:


Sanction Details: FIRM WAS CENSURED AND FINED $25,000 FOR VIOLATIONS OF AMEXRULES 320 AND 411.


Yes





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.










CENSURE






Resolution:


Sanction Details: FIRM WAS CENSURED AND FINED $25,000 FOR VIOLATIONS OF AMEXRULES 320 AND 411.



Disclosure 17 of 75

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Initiated By: NASD


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.









Docket/Case Number: EAF0400790002




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.


No




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.






https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions?search=EAF0400790002


Initiated By: NASD




Docket/Case Number: EAF0400790002



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:

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.



Disclosure 18 of 75

i


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**






https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions?search=EAF0400790002


Initiated By: NEW YORK STOCK EXCHANGE DIVISION OF ENFORCEMENT




Docket/Case Number: HPD# 06-133



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.






Resolution:


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


Decision


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**







Initiated By: NEW YORK STOCK EXCHANGE DIVISION OF ENFORCEMENT




Docket/Case Number: HPD #06-133



**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:


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.


Consent






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

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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









Cease and Desist


CENSURE, CIVIL PENALTIES




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:

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.


No

Sanctions Ordered: CensureMonetary/Fine $125,000.00Cease and Desist/Injunction

Order






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.


Initiated By: SECURITIES AND EXCHANGE COMMISSION




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.








Censure


CIVIL PENALTIES, CEASE & DESIST AND CERTAIN UNDERTAKINGS

Other Product Type(s): CORPORATE BONDS, PREFERRED STOCK


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.


Order






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

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Initiated By: NASD






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.



Resolution:


No

Sanctions Ordered: CensureMonetary/Fine $125,000.00Disgorgement/Restitution









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.



Initiated By: NASD


Other


NASD INVESTIGATION





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.



Resolution:


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.








Disclosure 21 of 75

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Initiated By: NORTH DAKOTA





Docket/Case Number:




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".



Resolution:


Sanction Details: $10,000.00 CIVIL PENALTY COLLECTED.


No


Consent


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.







Initiated By: STATE OF NORTH DAKOTA


Other



Docket/Case Number: N/A



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:

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.


Consent

Disclosure 22 of 75

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Initiated By: NEW HAMPSHIREBUREAU OF SECURITIES REGULATION


Docket/Case Number: COM02-012


Allegations: SUITABILITY-RESPONDENT RECOMMENDED SEVERAL MUTUAL FUNDINVESTMENTS IN A SHARES WITHOUT THE CORRESPONDING BENEFIT OFBREAKPOINTS. AMOUNT INVESTED WAS $360,000.








Restitution


ADMINISTRATIVE FINE AND COSTS.


Principal Product Type: Mutual Fund(s)

Other Product Type(s): NA


Resolution:

Other Sanctions Ordered: $3,000 IN COSTS.

Sanction Details: SAME AS ABOVE.

Regulator Statement SAME AS ABOVE.


No


Consent


Initiated By: STATE OF NEW HAMPSHIRE BUREAU OF SECURITITES REGULATION





Docket/Case Number: COM02-012



Allegations: ALLEGED UNSUITABLE RECOMMENDATION IN THAT REGISTEREDREPRESENTATIVE FAILED TO RECOMMEND A SHARE RATHER THAN BSHARE PURCHASES OF MUTUAL FUNDS.









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.


Consent

Disclosure 23 of 75

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Initiated By: MASSACHUSETTS SECURITIES DIVISION




CEASE AND DESIST ORDER; COMPENSATION TO MUTUAL FUNDSHAREHOLDERS FOR LOSSES ATTRIBUTABLE TO MARKET TIMINGACTIVITY






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.



Resolution:


No

Order







Sanction Details: $500,000.00 FINE IMPOSED, NONE OF THE PORTION WAS WAIVED.


No



Initiated By: STATE OF MASSACHUSETTS


Cease and Desist


COMPENSATION TO MUTUAL FUND SHAREHOLDERS FOR LOSSESATTRIBUTABLE TO MARKET TIMING ACTIVITY





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.


Disclosure 24 of 75

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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.







Initiated By: NASD




Docket/Case Number: C05040056



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:


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.


No







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.


Initiated By: NASD







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








Resolution:


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.



Disclosure 25 of 75

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Initiated By: STATE OF GEORGIA


Other



Docket/Case Number: EN-9284



Allegations: THE STATE OF GEORGIA IS CURRENTLY INVESTIGATING A.G. EDWARDS &SONS, INC. AND TWO OF ITS FORMER AGENTS.


Resolution: Order78©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.






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.


Order

Disclosure 26 of 75

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Initiated By: NEBRASKA BUREAU OF SECURITIES





Docket/Case Number:



Allegations: SEE#13



Resolution:


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.


Order






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

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Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS





Docket/Case Number: CMS030009 AWC



Allegations: FAILURE TO REPORT TO FIPS 28 TRANSACTIONSIN FIPS SECURITIESWITHIN FIVE MINUTES OF EXECUTION.



Resolution:


Sanction Details: WITHOUT ADMITTING OR DENYING THE ALLEGATION A.G. EDWARDSAGREED TO A $5000 FINE.



Disclosure 28 of 75

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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).







Initiated By: NEW YORK STOCK EXCHANGE




Docket/Case Number: HPD# 02-196



**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:


Decision







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








Initiated By: NYSE


Censure


FINE


Docket/Case Number: HPD # 02-196



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: Decision








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.


Disclosure 29 of 75

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Initiated By: VIRGINIA - DIVISION OF SECURITIES





Docket/Case Number: SEC010057




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.



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.




Initiated By: COMMONWEALTH OF VIRGINIA



Allegations: ALLEGED VIOLATIONS OF THE VIRGINIA SECURITIES ACT REGARDING THESALES OF CD(S).








Other


SETTLEMENT ORDER

Principal Product Type: CD(s)



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

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Initiated By: MASSACHUSETTS SECURITIES DIVISION







Allegations: ALLEGED VIOLATION OF M.G.L. C.110A SECTIONS 101, 204(A)(2)(J) AND 204(A)(2)(G).



Resolution:

Other Sanctions Ordered: NONE

Sanctions Ordered:

Order







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

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Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.







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.



Resolution:

Sanctions Ordered: Censure







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





Other


SEE ITEM 13


Docket/Case Number: AWC #C05000013



Allegations: ALLEGED VIOLATION OF SECTIONS 17(A)(2) AND 17(A)(3) OF THESECURITIES ACT AND VIOLATION OF NASD CONDUCT RULE 2110.



Resolution:


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







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

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Docket/Case Number: CMS000014

Principal Product Type: Equity - OTC


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.



Resolution:


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.



iReporting Source:







Initiated By: NASD


Censure


$7500 FINE


Docket/Case Number: AWC #CMS000014



Allegations: SEE ITEM 13



Resolution:


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.



Disclosure 33 of 75

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Initiated By: COMMONWEALTH OF MASSACHUSETTS


Censure


Docket/Case Number: NONE


Other Product Type(s): UNREGISTERED SECURITY

Allegations: SEE ITEM 13.








Censure


NONE


Resolution:



Firm Statement JUNE 30, 1986, A.G. EDWARDS & SONS, INC. CENSURED BY THECOMMONWEALTH OF MASSACHUSETTS FOR SELLING AN UNREGISTEREDSECURITY TO A MASSACHUSETTS RESIDENT.


Order

Disclosure 34 of 75

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Initiated By: AMEX


Censure


FINE








Resolution:


Sanction Details: A.G. EDWARDS & SONS, INC. PAID $7500.00. DATE PAID IS UNAVAILABLEBUT BELIEVED TO BE WITHIN 30 DAYS OF 04/29/1970.


Order







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

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Initiated By: STATE OF SOUTH DAKOTA


Other


FINE








Resolution:


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.


Consent

Disclosure 36 of 75

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Initiated By: NORTH DAKOTA COMMISSIONER OF SECURITIES









Other


INVESTIGATION DECISION & ORDER






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

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Initiated By: WYOMING SECRETARY OF STATE


Other













Other


ADMINISTRATIVE PENALTY


Resolution:



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.


Settled

Disclosure 38 of 75

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Initiated By: COMMODITY EXCHANGE, INC.


Censure


FINE








Resolution:


Sanction Details: A.G. EDWARDS & SONS, INC. PAID $5000. DATE PAID IS UNAVAILABLE BUTBELIEVED TO BE WITHIN 30 DAYS OF 1/27/1981.


Order







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

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Initiated By: NASD


Censure


FINE


Docket/Case Number: KC-251-SC






Resolution:


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

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Initiated By: NEW YORK COTTON EXCHANGE


Other


FINE







Resolution:



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.


Other

Disclosure 41 of 75

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Initiated By: PACIFIC STOCK EXCHANGE


Other


CONSENT AGREEMENT













CONSENT AGREEMENT


Resolution:


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

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Initiated By: COMMONWEALTH OF MASSACHUSETTS


Other


ADMINISTRATIVE FEE








Resolution:


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.








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

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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.)








Censure


FINE OF $9500.00





Resolution:


Sanction Details: CENSURE; FINE OF $9500.00

Regulator Statement 02-04-00, $9,500 PAID ON 7/30/99, INVOICE #99-MS-647




Initiated By: NASD


Other



Docket/Case Number: AWC NO. CMS990062






Resolution:










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

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Docket/Case Number: K-87

Principal Product Type:


Allegations:



Resolution:


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


Order







Initiated By: NASD


Suspension


CENSURE, FINE, COSTS








Resolution:


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

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Docket/Case Number:


Allegations:












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




Suspension






Allegations: SEE #13



Resolution:


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







Disclosure 46 of 75

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Docket/Case Number: CAF980008



Allegations:



Resolution:


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








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


Initiated By: NASD


Censure


FINE


Docket/Case Number: CAF980008






Resolution:


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.



Disclosure 47 of 75

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Initiated By: VIRGINIA - STATE CORPORATION COMMISSIONDIVISION OF SECURITIES








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.



Resolution:


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.


Decision






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.


Initiated By: COMMONWEALTH OF VIRGINIA SECURITIES DIVISION


Other


FINE








Resolution:

Other Sanctions Ordered: $1000 REIMBURSEMENT FOR COSTS OF INVESTIGATION.


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.



Disclosure 48 of 75

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Allegations:















Resolution:


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 ***




Initiated By: NASD


Censure


Docket/Case Number: CO 4980005











Censure


$250 FINE


Resolution:



Firm Statement MARCH 10, 1998, NASD LETTER OF ACCEPTANCE, WAIVER & CONSENTWHEREBY EDWARDS IS CENSURED AND FINED $250.00 FOR VIOLATIONSOF MSRB RULE G-37.



Disclosure 49 of 75

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Docket/Case Number: CMS 970029 AWC



Allegations:



Resolution:


Sanction Details:








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 *******


Initiated By: NASD


Other


FINE







Resolution: Acceptance, Waiver & Consent(AWC)







Resolution:


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.



Disclosure 50 of 75

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Docket/Case Number: C3A970045



Allegations:



Resolution:


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**








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**


Initiated By: NASD


Other


FINE


Docket/Case Number: C3A970045






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.



Disclosure 51 of 75

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Disclosure 51 of 75


Initiated By: UNITED STATES COMMODITY FUTURES TRADE COMMISSION





Principal Product Type: Futures - Commodity


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.



Resolution:


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.



iReporting Source: 112©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.






Initiated By: CFTC


Other


COMPLAINT & NOTICE OF HEARING



Principal Product Type: Commodity Option(s)





Resolution:


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.


Order

Disclosure 52 of 75

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Initiated By: CONNECTICUT DEPT. OF BANKING


Docket/Case Number: 96-2954-CO


Allegations: ALLEGED FAILURE TO SUPERVISE CERTAIN BRANCHOFFICE OPERATIONS IN CONJUNCTION WITH THE HAND-DELIVERY OFCLIENT CHECKS AND THE REVIEW OF DOUBLE-ENDORSED CHECKS.













Resolution:


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.


Consent

iReporting Source: 114©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.






Initiated By: CONNECTICUT DEPARTMENT OF BANKING


Other


SEE ITEM 13


Docket/Case Number: 96-2954-CO






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.


Consent

Disclosure 53 of 75

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Initiated By: ARKANSAS SECURITIES DEPARTMENT

Allegations: FAILURE TO SUPERVISE AGENT AND FAILURE TOTAKE REASONABLE MEASURES TO PREVENT UNAUTHORIZED,UNSUITABLE,MISLEADING AND UNETHICAL SALES PRACTICES










Docket/Case Number: 95-71-S





Resolution:


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


Consent







Initiated By: ARKANSAS SECURITIES DEPARTMENT


Other


ADMINISTRATIVE PENALTY








Resolution:


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).


Consent

Disclosure 54 of 75

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Initiated By: FLORIDA DIVISION OF SECURITIES


Allegations: NOT PROVIDED










Docket/Case Number: 1498-S-5/91



Other Product Type(s): UNKNOWN CRD DATA CONVERSION


Resolution:


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


Initiated By: FLORIDA DIVISION OF SECURITIES


Other


Docket/Case Number: 1498-S-5/91 AND 1498A-S-5/91











FINAL ORDER


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

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Initiated By: ALABAMA




Docket/Case Number: Unknown




Allegations:



Resolution:


Sanctions Ordered: Cease and Desist/Injunction

Consent







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.


Initiated By: ALABAMA SECURITIES COMMISSION


Other


CONSENT ORDER


Docket/Case Number: CS-82-2


Other Product Type(s): OFFER OR SALE OF SECURITIES BY UNREGISTERED INDIVIDUALS

Allegations: OFFER OR SALE OF SECURITIES BY UNREGISTERED INDIVIDUALS



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

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Docket/Case Number: TEX-125



Allegations:



Resolution:


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


Decision


Initiated By: NASD


Docket/Case Number: TEX-125











Censure


FINE, COSTS



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.


Order

Disclosure 57 of 75

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Initiated By: VERMONT SECURITIES DIVISION








Allegations: EMPLOYING UNREGISTERED SALES REPRESENTATIVESIN VERMONT AND FAILING TO SUPERVISE SAID REPRESENTATIVES TOPREVENT UNREGISTERED ACTIVITY.



Resolution: Consent







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



Initiated By: VERMONT SECURITIES DIVISION


Prohibition


FINE








Resolution:

Other Sanctions Ordered: $250 ADMINISTRATIVE COSTS



Order







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

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Initiated By: IDAHO DEPARTMENT OF FINANCE








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.



Resolution:


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.


Decision






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


Initiated By: IDAHO SECURITIES BUREAU


Other


FINE








Resolution:



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.


Order






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

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Initiated By: CBOE




Docket/Case Number: 88-0109B



Allegations: See summary



Resolution:


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)


Decision


Initiated By: CBOE










Censure


NONE


Docket/Case Number: 88-0109B




Resolution:


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.


Settled

Disclosure 60 of 75

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Initiated By: CBOE







Allegations: Not Provided



Resolution: Consent








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)



Initiated By: CBOE


Censure


FINE








Resolution:


Settled








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.


Disclosure 61 of 75

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Initiated By: CBOE




Docket/Case Number: 90-0058 & 90-0058(A)



Allegations: Not Provided



Resolution:


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)








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)


Initiated By: CBOE


Censure


FINE


Docket/Case Number: 90-0058 & 90-0058(A)






Resolution:



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.



Disclosure 62 of 75

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Initiated By: SOUTH CAROLINA




Docket/Case Number:




Allegations:



Resolution:


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


Initiated By: SOUTH CAROLINA CHIEF INSURANCE COMMISSIONER


Other



Principal Product Type: Insurance


Allegations: CONSENT ORDER








Other


CONSENT ORDER


Resolution:


Sanction Details: CONSENT ORDER AND FINE


Order

Disclosure 63 of 75

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Initiated By: GEORGIA




Docket/Case Number: EX=BU-84-13




Allegations:



Resolution:


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.


Consent






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.


Initiated By: GEORGIA


Other


CONSENT ORDER


Docket/Case Number: EX=BU-84-13

Principal Product Type: Insurance


Allegations: VIOLATION OF GEORGIA INSURANCE CODE



Resolution:

Other Sanctions Ordered: CEASE AND DESIST ANY FURTHER VIOLATIONS OF THE GEORGIAINSURANCE CODE.

Sanction Details: $7500 FINE.


Order

Disclosure 64 of 75

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Docket/Case Number: N-VS-90



Allegations:











Resolution:


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







Docket/Case Number: N-VS-90






Resolution:


Sanction Details: NASDAQ COMPLAINT N-VS-90 FILED 1/30/75 ACCEPTED 2/4/75, FINAL3/31/75.


Settled






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

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Docket/Case Number: KC-252



Allegations:



Resolution:


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


Decision









Initiated By: NASD


Censure


FINE







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.


Order

Disclosure 66 of 75

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Docket/Case Number: NEW-335



Allegations:









Resolution:


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


Decision


Initiated By: NASD


Censure


FINE & COSTS


Docket/Case Number: NEW-355






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.


Decision






Firm Statement AUGUST 11, 1982, A.G. EDWARDS & SONS, INC. CENSURED AND FINED$3500 FOR FAILURE TO SUPERVISE.

Disclosure 67 of 75

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Docket/Case Number: SC-32



Allegations:



Resolution:


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


Initiated By: NASD











Other


FINE





Resolution:


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.


Order

Disclosure 68 of 75

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Initiated By: CHICAGO BOARD OPTIONS EXCHANGE







Allegations:



Resolution:









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



Initiated By: CBOE


Other


FINE








Resolution:


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).


Settled

Disclosure 69 of 75

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Allegations:


Resolution:


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


Initiated By: NATIONAL ASSOCATION OF SECURITIES DEALERS, INC.







Other Product Type(s): UNKNOWN, SEE #13










Resolution:


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.



Settled

Disclosure 70 of 75

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Initiated By: SECURITIES AND EXCHANGE COMMISSION




Docket/Case Number:



Allegations:



Resolution:


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.


Consent






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.


Initiated By: SEC


Censure



Docket/Case Number: 3-5947, RELEASE #17011






Resolution:

Other Sanctions Ordered: N/A


Firm Statement A.G. EDWARDS & SONS, INC. CENSURED BY THE SECURITIES &EXCHANGE COMMISSION FOR FAILURE TO SUPERVISE.


Order

Disclosure 71 of 75

i


Initiated By: OKLAHOMA


Allegations:










Docket/Case Number:





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







Initiated By: OKLAHOMA DEPARTMENT OF SECURITIES


Other


ORDER





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.



Resolution: Order

Disclosure 72 of 75

i






Docket/Case Number: N-253



Allegations:









Resolution:


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






Undertaking






Allegations: ALLEGED VIOLATIONS OF ARTICLE III, SECTION 1, 2 15 AND 27 OF THEASSOCIATION'S RULES OF FAIR PRACTICE.



Resolution:

Other Sanctions Ordered: OFFER OF SETTLEMENT WAS ACCEPTED. CENSURED ALL RIGHTSWAIVED.


Other






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






Docket/Case Number: AWC-14



Allegations:



Resolution:


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


Consent







Initiated By: NASD


Cease and Desist


FINE


Docket/Case Number: AWC-14






Resolution:


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.



Disclosure 74 of 75

i








Allegations:










Resolution:


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


Consent






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


Initiated By: NASD


Censure


FINE








Resolution:


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.



Disclosure 75 of 75

i


Allegations:











Docket/Case Number: Unknown



Allegations:


Resolution:


Sanction Details:

Regulator Statement NYSE-CENSURED-VIOLATIONS OFEXCHANGE RULES AS IN PARAGRAPHS2471 AND 2474A. NYSE BULLETIN05/12/72


Decision




Censure



Docket/Case Number: UNKNOWN



Allegations: VIOLATIONS OF EXCHANGE RULES AS IN PARAGRAPHS 2471 AND2474A.









Resolution:


Sanction Details: NYSE-CENSURED-VIOLATIONS OF EXCHANGE RULES AS IN PARAGRAPHS2471 NAD 2474A. NYSE BULLENTIN 05/12/72.


Decision






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




Other



Docket/Case Number:



Allegations: INVESTIGATION INTO TRANSACTIONS INVOLVING GENESIS INTERMEDIA,INC. DURING THE PERIOD MARCH 2001 THROUGH SEPTEMBER 2001 BYTHE FIRM'S STOCK LOAN DEPARTMENT.


Disclosure 2 of 2

i


Initiated By: COMMONWEALTH OF VIRGINIA


Other


PROPOSED ORDER OF SETTLEMENT












Firm Statement THE COMMONWEALTH OF VIRGINIA HAS PROPOSED A SETTLEMENTORDER FOR ALLEGED VIOLATIONS OF SECURITIES RULE 21 VAC 5-20-260BAND 5-20-260D.






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


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



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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/awardsonline

https://www.finra.org/arbitration-mediation/arbitration-awards-online?search=00-00234




Disposition:

Disposition Date:


$138,930.00

AWARD AGAINST PARTY

04/09/2001

$144,000.00


Disclosure 3 of 265

i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$14,909.25

AWARD AGAINST PARTY

10/30/2000

$5,187.99


Disclosure 4 of 265

i



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








Case Number:



Disposition:

Disposition Date:


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


Disclosure 5 of 265

i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

04/07/2000

00-01327

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNTRELATED-FAILURE TO SUPERVISE


$457,865.37

AWARD AGAINST PARTY

03/14/2001

$95,000.00


Disclosure 6 of 265

i



Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT RELATED-NEGLIGENCE








Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


NASD

04/10/2000

00-01343

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT RELATED-NEGLIGENCE


$4,093,389.26

AWARD AGAINST PARTY

09/17/2002

$1,165,619.01


Disclosure 7 of 265

i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

06/12/2000

00-02139

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-OTHER


$5,600,001.00

AWARD AGAINST PARTY

01/02/2002

$520,662.01


Disclosure 8 of 265

i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

07/24/2000

00-02681



$100,000.00

AWARD AGAINST PARTY

01/22/2002

$0.01


Disclosure 9 of 265

i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$30,000.00

AWARD AGAINST PARTY

08/23/2001

$1.01

There may be a non-monetary award associated with this arbitration.








Please select the Case Number above to view more detailed information.

Disclosure 10 of 265

i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

09/21/2000

00-02754

ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNTRELATED-MARGIN CALLS


$40,000.00

AWARD AGAINST PARTY

05/24/2002

$28,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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.







Disposition Date:


03/12/2001

$1,356.36



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

09/18/2000

00-03880

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACHOF CONTRACT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-OTHER


$100,000.00

AWARD AGAINST PARTY

09/24/2001

$10,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:


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.









Disposition:

Disposition Date:


ANNUITIES; COMMODITIES FUTURES; MUTUAL FUNDS; STOCK INDEXFUTURES

$1,005,747.00

AWARD AGAINST PARTY

03/21/2002

$25,000.04



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

11/24/2000

00-05149

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNTRELATED-FAILURE TO SUPERVISE


$500,000.00

AWARD AGAINST PARTY

11/19/2001

$135,000.00



i



Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE







Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$15,675.00

AWARD AGAINST PARTY

01/11/2002

$2,025.00



i



Allegations: ACCOUNT ACTIVITY-MANIPULATION; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER; ACCOUNT RELATED-FAILURE TO SUPERVISE








Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

03/30/2001

01-01223

ACCOUNT ACTIVITY-MANIPULATION; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER; ACCOUNT RELATED-FAILURE TO SUPERVISE


$450,000.00

AWARD AGAINST PARTY

06/04/2002

$303,381.94



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$231,797.21

AWARD AGAINST PARTY

03/01/2002

$231,797.21



i











Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

05/08/2001

01-01817

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING;ACCOUNT RELATED-FAILURE TO SUPERVISE


$991,535.00

AWARD AGAINST PARTY

04/11/2002

$353,354.22



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

04/19/2001

01-01931

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING;ACCOUNT RELATED-NEGLIGENCE


$1,200,000.00

AWARD AGAINST PARTY

11/05/2002

$140,205.01










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$9,537.59

AWARD AGAINST PARTY

12/03/2001

$9,862.59



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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.







Disposition Date:


02/27/2002

$2,425.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

08/24/2001

01-03269

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNT RELATED-OTHER


$78,846.50

AWARD AGAINST PARTY

11/14/2002

$72,953.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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.








Disposition:

Disposition Date:


$1,020,000.00

AWARD AGAINST PARTY

02/05/2003

$128,710.50



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

08/29/2001

01-04350


UNKNOWN TYPE OF SECURITIES

$169,300.00

AWARD AGAINST PARTY

08/08/2002

$19,300.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:

NASD

09/13/2001

01-04402

ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHER CONTROVERSYINVOLVED








Case Number:



Disposition:

Disposition Date:


01-04402

ANNUITIES; COMMON STOCK; MUNICIPAL BONDS; MUTUAL FUNDS

$120,000.00

AWARD AGAINST PARTY

12/16/2002

$30,300.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

08/30/2001

01-04609

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE


$9,699,897.36

AWARD AGAINST PARTY

12/31/2002

$65,735.00



i



Arbitration Forum:

Allegations:

NASD

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-NEGLIGENCE; EMPLOYMENT-BREACH OF CONTRACT








Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


NASD

09/13/2001

01-04675


$1,000,000.00

AWARD AGAINST PARTY

12/08/2003

$445,000.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

09/24/2001

01-04914

ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY;ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNT RELATED-MARGINCALLS


$362,126.98

AWARD AGAINST PARTY

09/05/2002

$10,300.00



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

09/24/2001

01-04929



$142,000.00

AWARD AGAINST PARTY

10/03/2002

$77,511.23



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

11/16/2001

01-06085

ACCOUNT RELATED-COLLECTION; ACCOUNT RELATED-MARGIN CALLS; DONOT USE-NO OTHER CONTROVERSY INVOLVED


Unspecified Damages

AWARD AGAINST PARTY

01/10/2003

$50,000.01


i171©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.








i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

12/13/2001

01-06388

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-MARGIN CALLS; ACCOUNTRELATED-NEGLIGENCE


$275,000.00

AWARD AGAINST PARTY

12/02/2002

$90,158.33



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

12/06/2001

01-06495

ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TOSUPERVISE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED


$200,000.00

AWARD AGAINST PARTY

02/14/2003

$90,000.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

12/20/2001

01-06676

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-MARGIN CALLS


$9,738.94

AWARD AGAINST PARTY

04/16/2002

$2,500.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:

NASD

01/24/2002

02-00300



$1,652,000.00

AWARD AGAINST PARTY








Disposition Date:


03/14/2003

$311,762.50



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/01/2002

02-00492

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE


$3,000,000.00

AWARD AGAINST PARTY

09/26/2003

$125,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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










Disposition:

Disposition Date:


$20,000.00

AWARD AGAINST PARTY

05/30/2002

$1,183.93



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



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







Case Initiated:

Case Number:



Disposition:

Disposition Date:


03/07/2002

02-01185


$129,716.31

AWARD AGAINST PARTY

04/09/2003

$25,300.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

03/07/2002

02-01245



$586,640.00

AWARD AGAINST PARTY

07/25/2003

$160,525.00



i



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.







Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

03/26/2002

02-01675



$6,000,000.00

AWARD AGAINST PARTY

11/04/2004

$345,000.00



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

05/06/2002

02-01765

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY


$87,261.00

AWARD AGAINST PARTY

06/27/2003

$13,321.06



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$300,000.00

AWARD AGAINST PARTY

04/25/2005

$200,000.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$45,800,000.00

AWARD AGAINST PARTY

09/26/2003

$140,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

NASD

06/12/2002

02-02484


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.







Disposition:

Disposition Date:


AWARD AGAINST PARTY

04/07/2004

$700,000.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

06/13/2002

02-02843

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TOSUPERVISE


$120,334.19

AWARD AGAINST PARTY

09/02/2003

$28,000.00



i



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








Case Number:



Disposition:

Disposition Date:


02-02955


$89,893.76

AWARD AGAINST PARTY

07/30/2003

$56,625.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



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.







Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$235,000.00

AWARD AGAINST PARTY

02/17/2004

$4,484.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

07/25/2002

02-04211



$139,053.10

AWARD AGAINST PARTY

08/22/2003

$50,000.00



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

09/17/2002

02-04348



$235,531.00

AWARD AGAINST PARTY

09/11/2003

$219,685.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

08/01/2002

02-04403

ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-FAILURETO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-TRANSFER


$27,472.00

AWARD AGAINST PARTY

07/25/2003

$9,727.00











i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

01/15/2003

02-04525

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER; DO NOT USE-NOOTHER CONTROVERSY INVOLVED


$64,004.07

AWARD AGAINST PARTY

05/18/2004

$60,842.46



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

NASD

08/30/2002

02-05032

ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURETO SUPERVISE


$97,040.00

AWARD AGAINST PARTY184©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.







Disposition:

Disposition Date:


AWARD AGAINST PARTY

12/16/2003

$26,400.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:


NASD

09/23/2002

02-05060


COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE 185©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.









Disposition:

Disposition Date:



$500,000.00

AWARD AGAINST PARTY

12/17/2003

$281,988.03



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

09/13/2002

02-05147


COMMON STOCK; CORPORATE BONDS; GINNIE MAES; MUTUAL FUNDS

$266,000.00

AWARD AGAINST PARTY

08/12/2003

$471,630.01



i



Arbitration Forum:

Case Initiated:

Allegations:

NASD

10/28/2002

ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-OTHER; ACCOUNT RELATED-FAILURE TOSUPERVISE







Case Initiated:

Case Number:



Disposition:

Disposition Date:


10/28/2002

02-05878


Unspecified Damages

AWARD AGAINST PARTY

03/18/2004

$0.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

10/28/2002

02-06101

ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-MARGIN CALLS; ACCOUNTRELATED-NEGLIGENCE


$784,000.00

AWARD AGAINST PARTY

11/19/2004

$450,000.01



i



Allegations: ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURETO SUPERVISE








Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

11/25/2002

02-06275



$100,000.00

AWARD AGAINST PARTY

03/08/2005

$27,357.55



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

11/25/2002

02-06286



$100,000.00

AWARD AGAINST PARTY

01/18/2005

$74,886.02



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

12/13/2002

02-06431

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-OTHER; ACCOUNT RELATED-MARGIN CALLS


$40,979,352.00

AWARD AGAINST PARTY

07/02/2004

$315,000.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

11/05/2002

02-06460



$172,150.00

AWARD AGAINST PARTY

01/07/2005

$66,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

12/05/2002

02-07282

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNTRELATED-FAILURE TO SUPERVISE


$14,382.00

AWARD AGAINST PARTY

05/09/2003

$8,630.00190©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.







Sum of All Relief Awarded: $8,630.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

01/02/2003

02-07726

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED


Unspecified Damages

AWARD AGAINST PARTY

09/26/2003

$0.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

NASD

02/10/2003

02-07779

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-OTHER;DO NOT USE-NO OTHER CONTROVERSY INVOLVED


$35,100.00

AWARD AGAINST PARTY








Disposition:

Disposition Date:


AWARD AGAINST PARTY

06/15/2004

$5,650.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

01/15/2003

03-00025

ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-NEGLIGENCE


$1,709,373.00

AWARD AGAINST PARTY

04/21/2006

$221,373.00



i



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








Case Number:



Disposition:

Disposition Date:


03-00110


$2,855,717.00

AWARD AGAINST PARTY

06/21/2004

$255,500.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



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.







Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/10/2003

03-00452


DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; OPTIONS

$99,600.00

AWARD AGAINST PARTY

03/30/2004

$33,716.02



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/10/2003

03-00743

ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TOSUPERVISE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED


$686,438.00

AWARD AGAINST PARTY

01/28/2005

$103,075.00



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/24/2003

03-01046

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-NEGLIGENCE


$375,000.00

AWARD AGAINST PARTY

01/25/2005

$25,000.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/24/2003

03-01249


UNKNOWN TYPE OF SECURITIES

$80,000.10

AWARD AGAINST PARTY

04/15/2004

$12,786.51










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

03/14/2003

03-01718


COMMON STOCK; CORPORATE BONDS; DO NOT USE-NO OTHER TYPE OFSEC INVOLVE

$25,000.00

AWARD AGAINST PARTY

12/04/2003

$20,751.36



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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








Disposition Date:


05/27/2005

$33,200.04



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

04/01/2003

03-02165


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:


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.









Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

06/02/2003

03-02603

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MANIPULATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TO SUPERVISE


$77,495.00

AWARD AGAINST PARTY

09/10/2004

$6,874.00



i



Allegations: ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE







Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


NASD

04/22/2003

03-02690


$500,000.00

AWARD AGAINST PARTY

07/21/2005

$44,512.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

07/01/2003

03-03765



$400,000.00

AWARD AGAINST PARTY

07/19/2004

$100,000.00



i



Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-NEGLIGENCE








Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

06/11/2003

03-04043



Unspecified Damages

AWARD AGAINST PARTY

12/03/2004

$275,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

10/10/2003

03-04924

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNTACTIVITY-SUITABILITY


$2,235,000.00

AWARD AGAINST PARTY

11/25/2005

$314,611.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$384,327.00

AWARD AGAINST PARTY

08/25/2004

$100,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:

NASD

07/22/2003

03-05118



$5,000,600.00

AWARD AGAINST PARTY

12/08/2004











i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

07/25/2003

03-05315

ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-FAILURE TO SUPERVISE;ACCOUNT RELATED-TRANSFER


$43,009.44

AWARD AGAINST PARTY

12/19/2003

$2,425.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



NASD

08/20/2003

03-05682

ACCOUNT ACTIVITY-OTHER; ACCOUNT RELATED-BREACH OF CONTRACT;DO NOT USE-NO OTHER CONTROVERSY INVOLVED


$500,000.00








Disposition:

Disposition Date:


AWARD AGAINST PARTY

09/07/2004

$246,987.03



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

08/19/2003

03-05862

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-NEGLIGENCE


$1,605,000.00

AWARD AGAINST PARTY

08/23/2004

$1,655,551.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:


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.









Disposition:

Disposition Date:



$300,000.00

AWARD AGAINST PARTY

11/01/2004

$170,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Allegations:

NASD








Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

11/24/2003

03-08328

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-FAILURE TO SUPERVISE


$700,000.00

AWARD AGAINST PARTY

08/24/2005

$442,925.04



i



Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-OTHER; ACCOUNT ACTIVITY-SUITABILITY








Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/20/2004

03-08340

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-OTHER; ACCOUNT ACTIVITY-SUITABILITY


$500,000.00

AWARD AGAINST PARTY

05/19/2005

$243,940.21



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

01/06/2004

04-00028

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MANIPULATION; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING


$7,112,548.00

AWARD AGAINST PARTY

07/31/2006

$150,000.01










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:

NASD

02/25/2004

04-00807


ANNUITIES; COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SECINVOLVE; MUTUAL FUNDS

$375,000.00

AWARD AGAINST PARTY








Disposition Date:


02/25/2005

$95,300.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/25/2004

04-00918



$318,413.00

AWARD AGAINST PARTY

01/11/2005

$17,562.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



NASD

04/12/2004

04-01563











Disposition:

Disposition Date:


$465,533.04

AWARD AGAINST PARTY

03/16/2005

$40,300.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

04/08/2004

04-01964



$223,757.84

AWARD AGAINST PARTY

04/22/2005

$111,037.44



i



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








Case Number:



Disposition:

Disposition Date:


04-03313


$1,500,000.00

AWARD AGAINST PARTY

08/01/2005

$500,500.02



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

05/21/2004

04-03445



$178,146.00

AWARD AGAINST PARTY

08/18/2006

$145,000.01



i











Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


NASD

05/18/2004

04-03537



$500,000.00

AWARD AGAINST PARTY

08/10/2005

$13,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

06/15/2004

04-04115



$1,350,000.00

AWARD AGAINST PARTY

08/24/2005

$85,692.00



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$1,300,000.00

AWARD AGAINST PARTY

03/06/2006

$260,856.83



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

08/18/2004

04-05786

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE


$220,000.00

AWARD AGAINST PARTY

09/13/2005

$130,300.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

09/09/2004

04-05884

ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE


Unspecified Damages

AWARD AGAINST PARTY

01/30/2006

$34,425.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:

NASD

09/21/2004

04-06107

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNTRELATED-NEGLIGENCE


$600,000.00

AWARD AGAINST PARTY








Disposition Date:


10/07/2005

$93,059.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

09/22/2004

04-06264

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-BREACH OF CONTRACT


$875,000.00

AWARD AGAINST PARTY

09/27/2005

$164,581.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



NASD

09/16/2004

04-06520



Unspecified Damages 214©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.








Disposition:

Disposition Date:


Unspecified Damages

AWARD AGAINST PARTY

01/19/2006

$447,500.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

10/21/2004

04-07272

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED


$271,000.00

AWARD AGAINST PARTY

10/10/2005

$75,300.00



i



Arbitration Forum:

Case Initiated:

Allegations:

NASD

11/12/2004








Case Initiated:

Case Number:



Disposition:

Disposition Date:


11/12/2004

04-07806


$307,043.62

AWARD AGAINST PARTY

05/17/2006

$25,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

12/02/2004

04-08110



$180,000.00

AWARD AGAINST PARTY

08/26/2005

$170,000.00



i



Allegations: ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACHOF CONTRACT








Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i











Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

01/04/2005

04-08817



$420,000.00

AWARD AGAINST PARTY

11/23/2005

$338,612.58



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/02/2005

05-00512



$550,000.00

AWARD AGAINST PARTY

02/14/2006











i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

03/21/2005

05-01300

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER; ACCOUNT RELATED-FAILURE TO SUPERVISE


$70,000.00

AWARD AGAINST PARTY

04/13/2006

$339,974.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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










Disposition:

Disposition Date:


$150,000.00

AWARD AGAINST PARTY

03/15/2006

$25,000.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

03/31/2005

05-01652

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-FAILURE TO SUPERVISE


$17,110.00

AWARD AGAINST PARTY

01/20/2006

$10,212.50



i



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








Case Number:



Disposition:

Disposition Date:


05-01685


$540,673.00

AWARD AGAINST PARTY

11/10/2006

$450,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE








Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


NASD

05/09/2005

05-02375



$3,440,000.00

AWARD AGAINST PARTY

11/06/2006

$179,100.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

05/10/2005

05-02412



$1,037,806.24

AWARD AGAINST PARTY

07/31/2006

$92,210.00



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

06/02/2005

05-02803

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-NEGLIGENCE


$2,532,000.00

AWARD AGAINST PARTY

03/22/2007

$89,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

06/02/2005

05-02821



$120,000.00

AWARD AGAINST PARTY

02/24/2006

$50,465.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

06/27/2005

05-03229



$447,546.12

AWARD AGAINST PARTY

11/16/2006

$25,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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


$416,600.00

AWARD AGAINST PARTY








Disposition Date:


06/07/2006

$172,500.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

07/15/2005

05-03606

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-NEGLIGENCE


$1,700,000.00

AWARD AGAINST PARTY

06/30/2006

$150,000.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:


NASD

08/30/2005

05-04490












Disposition:

Disposition Date:



$2,061,500.00

AWARD AGAINST PARTY

10/02/2006

$210,088.55



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

12/14/2005

05-05318


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



i



Arbitration Forum:

Case Initiated:

Allegations:

NASD

11/08/2005

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE







Case Initiated:

Case Number:



Disposition:

Disposition Date:


11/08/2005

05-05647


$123,331.17

AWARD AGAINST PARTY

12/10/2007

$130,600.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING;ACCOUNT RELATED-BREACH OF CONTRACT








Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$1,925,000.00

AWARD AGAINST PARTY

12/01/2006

$420,000.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$232,763.81

AWARD AGAINST PARTY

07/05/2007

$258,300.00



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$58,000.00

AWARD AGAINST PARTY

05/02/2008

$7,725.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

11/20/2006

06-04978

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT RELATED-FAILURETO SUPERVISE; ACCOUNT RELATED-MARGIN CALLS; ACCOUNT RELATED-NEGLIGENCE


$237,000.00

AWARD AGAINST PARTY

03/07/2008

$99,000.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

12/08/2006

06-05197



Unspecified Damages

AWARD AGAINST PARTY

03/05/2008

$497,071.27



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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


Unspecified Damages








Disposition:

Disposition Date:


AWARD AGAINST PARTY

08/21/2008

$0.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/07/2007

07-00339

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE


$1,800,000.00

AWARD AGAINST PARTY

01/11/2008

$200,000.00



i



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








Case Number:



Disposition:

Disposition Date:


07-00380


$217,385.00

AWARD AGAINST PARTY

05/23/2008

$43,136.35



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

05/24/2007

07-01583

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED


$558,375.00

AWARD AGAINST PARTY

03/26/2008

$87,600.41



i



Arbitration Forum:

Allegations:

NASD

ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-EXECUTIONS-FAILURE TO EXECUTE; DO NOTUSE-NO OTHER CONTROVERSY INVOLVED








Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


FINRA

09/05/2007

07-02499



Unspecified Damages

AWARD AGAINST PARTY

07/18/2008

$177,002.86



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


FINRA

12/09/2008

08-04027



$8,400,000.00

AWARD AGAINST PARTY

03/29/2010

$82,837.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


FINRA

01/27/2009

09-00360

ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSIONOF FACTS; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNTRELATED-ERRORS-CHARGES


Unspecified Damages

AWARD AGAINST PARTY

04/28/2010

$0.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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


$289,352.00

AWARD AGAINST PARTY








Disposition Date:


04/25/1991

$228,004.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

01/01/1987

87-02042

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING


$420,000.00

AWARD AGAINST PARTY

05/22/1989

$28,616.98



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



NASD

01/01/1988

88-00007

ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; DO NOT USE-NO OTHERCONTROVERSY INVOLVED


$12,523.34









Disposition:

Disposition Date:


$12,523.34

AWARD AGAINST PARTY

10/30/1989

$0.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

01/01/1988

88-01094

ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY;ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; DO NOT USE-NO OTHERCONTROVERSY INVOLVED


$190,406.00

AWARD AGAINST PARTY

01/31/1990

$20,000.00



i



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








Case Number:



Disposition:

Disposition Date:


88-01557


$45,001.04

AWARD AGAINST PARTY

07/25/1989

$24,900.52



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

06/21/1988

88-01784

DO NOT USE-NO OTHER CONTROVERSY INVOLVED


$184,145.00

AWARD AGAINST PARTY

09/11/1991

$185,609.61



i



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








Case Number:



Disposition:

Disposition Date:


88-02067


$890.82

AWARD AGAINST PARTY

06/02/1989

$596.26



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

01/01/1988

88-02906

ACCOUNT ACTIVITY-OTHER; ACCOUNT ACTIVITY-UNAUTHORIZEDTRADING; DO NOT USE-NO OTHER CONTROVERSY INVOLVED


$14,850.57

AWARD AGAINST PARTY

09/08/1989

$1,787.50



i



Arbitration Forum:

Case Initiated:

Allegations:

NASD

01/01/1988

ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHER CONTROVERSY INVOLVED








Case Initiated:

Case Number:



Disposition:

Disposition Date:


01/01/1988

88-03168


$44,280.00

AWARD AGAINST PARTY

07/31/1990

$12,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

11/10/1988

88-03197


DO NOT USE-NO OTHER TYPE OF SEC INVOLVE

$23,391.00

AWARD AGAINST PARTY

06/13/1991

$13,000.00



i



Allegations: ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNTRELATED-FAILURE TO SUPERVISE








Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

04/05/1989

89-00163



$120,000.00

AWARD AGAINST PARTY

10/19/1990

$18,083.00



i



Allegations: ACCOUNT ACTIVITY-MISREPRESENTATION; DO NOT USE-NO OTHERCONTROVERSY INVOLVED 242©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.







Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

12/01/1989

89-03244



$75,000.00

AWARD AGAINST PARTY

10/29/1990

$42,500.00



i



Allegations: DO NOT USE-NO OTHER CONTROVERSY INVOLVED 243©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.







Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

01/26/1990

90-00160



$148,847.00

AWARD AGAINST PARTY

01/23/1992

$27,475.76



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/12/1990

90-00182

ACCOUNT ACTIVITY-MISREPRESENTATION; DO NOT USE-NO OTHERCONTROVERSY INVOLVED


$100,000.00

AWARD AGAINST PARTY

07/18/1991

$16,415.26



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

04/12/1990

90-00988



$4,770.68

AWARD AGAINST PARTY

01/30/1991

$1,962.30



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

09/20/1990

90-01994

ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NOOTHER CONTROVERSY INVOLVED


$690,000.00

AWARD AGAINST PARTY

12/18/1991

$300,000.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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











i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

11/12/1990

90-03111

ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED


$10,835.00

AWARD AGAINST PARTY

07/19/1991

$7,883.38



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



NASD

02/26/1991

91-00297

ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED


$1,085,000.00








Disposition:

Disposition Date:


AWARD AGAINST PARTY

11/27/1991

$34,309.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/11/1991

91-00427



$68,120.00

AWARD AGAINST PARTY

01/29/1992

$67,739.38



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:


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.









Disposition:

Disposition Date:


ANNUITIES; MUTUAL FUNDS; UNKNOWN TYPE OF SECURITIES

$9,000.00

AWARD AGAINST PARTY

02/13/1992

$2,393.79



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

05/06/1991

91-00839


LIMITED PARTNERSHIPS; UNKNOWN TYPE OF SECURITIES

$56,000.00

AWARD AGAINST PARTY

06/24/1992

$61,950.00



i



Arbitration Forum:

Case Initiated:

Allegations:

NASD

03/27/1991

ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER; ACCOUNT ACTIVITY-SUITABILITY







Case Initiated:

Case Number:



Disposition:

Disposition Date:


03/27/1991

91-00910


$100,000.00

AWARD AGAINST PARTY

09/14/1991

$15,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Allegations: ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-OTHER; ACCOUNTACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE








Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


NASD

07/23/1991

91-01542

ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-OTHER; ACCOUNTACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE


$871,769.00

AWARD AGAINST PARTY

09/23/1992

$59,375.75



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

05/29/1991

91-01578


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



i



Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-NEGLIGENCE








Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

06/07/1991

91-01628


ANNUITIES; COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SECINVOLVE

$150,000.00

AWARD AGAINST PARTY

01/27/1993

$20,483.70



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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


$4,403.00

AWARD AGAINST PARTY

03/19/1992











i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

08/26/1991

91-02502


COMMODITIES FUTURES; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE;OPTIONS

$97,697.00

AWARD AGAINST PARTY

08/04/1993

$21,945.68



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



NASD

08/21/1991

91-02533


DO NOT USE-NO OTHER TYPE OF SEC INVOLVE; GOVERNMENTSECURITIES









Disposition:

Disposition Date:


$37,303.00

AWARD AGAINST PARTY

04/06/1992

$22,500.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

09/24/1991

91-02905

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-NEGLIGENCE


$9,412.00

AWARD AGAINST PARTY

12/01/1992

$6,983.68



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:


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.









Disposition:

Disposition Date:



$496,600.00

AWARD AGAINST PARTY

08/17/1992

$42,500.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

12/02/1991

91-03288


COMMON STOCK; GINNIE MAES; LIMITED PARTNERSHIPS; UNKNOWN TYPEOF SECURITIES

$272,000.00

AWARD AGAINST PARTY

09/18/1992

$40,725.00



i



Allegations: ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURE TOSUPERVISE







Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


NASD

02/24/1992

91-03734

COMMON STOCK; UNKNOWN TYPE OF SECURITIES

$600,000.00

AWARD AGAINST PARTY

03/22/1993

$53,113.50



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/20/1992

92-00208

ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-TRANSFER; DONOT USE-EXECUTIONS-FAILURE TO EXECUTE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED


$4,051.33

AWARD AGAINST PARTY

11/10/1992

$3,826.33



i



Allegations: ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED








Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

04/28/1992

92-01303



$146,019.81

AWARD AGAINST PARTY

02/17/1994

$295,905.00



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

07/20/1992

92-02139

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-FAILURETO SUPERVISE


$1,400,000.00

AWARD AGAINST PARTY

08/13/1993

$218,269.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

11/05/1992

92-02563

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-NO OTHER CONTROVERSY INVOLVED


$549,000.00

AWARD AGAINST PARTY

12/27/1993

$55,000.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

09/11/1992

92-02855

ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTACTIVITY-UNAUTHORIZED TRADING


$111,764.00

AWARD AGAINST PARTY

12/09/1993

$4,318.75



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/25/1993

93-00436



$10,066.52

AWARD AGAINST PARTY

08/26/1993

$4,261.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

05/10/1993

93-01439



$158,892.36

AWARD AGAINST PARTY

03/25/1994

$87,987.25



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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








Disposition:

Disposition Date:


AWARD AGAINST PARTY

09/27/1994

$15,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

07/13/1993

93-02113

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-BREACH OF CONTRACT;ACCOUNT RELATED-NEGLIGENCE


$50,000.00

AWARD AGAINST PARTY

03/31/1994

$28,842.55



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:


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










Disposition:

Disposition Date:



$12,000,000.00

AWARD AGAINST PARTY

03/13/1996

$55,444.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

12/29/1993

93-04353



$7,500.00

AWARD AGAINST PARTY

08/16/1994

$1,000.00



i



Arbitration Forum:

Case Initiated:

Allegations:

NASD

01/06/1994

ACCOUNT ACTIVITY-OTHER; ACCOUNT ACTIVITY-UNAUTHORIZEDTRADING; ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNTRELATED-NEGLIGENCE







Case Initiated:

Case Number:



Disposition:

Disposition Date:


01/06/1994

93-04868


$179,726.00

AWARD AGAINST PARTY

09/13/1994

$66,281.82



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

01/19/1994

94-00157

ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-ERRORS-CHARGES; DO NOT USE-NOOTHER CONTROVERSY INVOLVED


$2,312.93

AWARD AGAINST PARTY

06/27/1994

$2,312.93



i



Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-NEGLIGENCE








Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

08/01/1994

94-02460



$9,979.00

AWARD AGAINST PARTY

04/17/1995

$4,485.48



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

09/26/1994

94-02779

ACCOUNT RELATED-ERRORS-CHARGES; ACCOUNT RELATED-TRANSFER;DO NOT USE-NO OTHER CONTROVERSY INVOLVED


$1,250,000.00

AWARD AGAINST PARTY

11/14/1995

$375,000.00



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

12/06/1994

94-03186



$4,558.88

AWARD AGAINST PARTY

05/30/1995

$3,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

11/09/1994

94-03352

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;DO NOT USE-NO OTHER CONTROVERSY INVOLVED


$110,000.00

AWARD AGAINST PARTY

06/06/1996

$117,720.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/13/1995

95-00634



$10,000.00

AWARD AGAINST PARTY

10/23/1995











i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

03/13/1995

95-00685

ACCOUNT RELATED-OTHER; DO NOT USE-NO OTHER CONTROVERSYINVOLVED


$10,000.00

AWARD AGAINST PARTY

09/29/1995

$10,150.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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








Disposition Date:


10/30/1995

$2,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

04/05/1995

95-01227

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTACTIVITY-UNAUTHORIZED TRADING


$33,226.52

AWARD AGAINST PARTY

10/13/1995

$490,471.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:


NASD

04/27/1995

95-01593


COMMON STOCK; DO NOT USE-NO OTHER TYPE OF SEC INVOLVE270©2021 FINRA. All rights reserved. Report about A. G. EDWARDS & SONS, INC.









Disposition:

Disposition Date:



$177,000.00

AWARD AGAINST PARTY

04/08/1996

$20,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

04/28/1995

95-01680


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



i



Arbitration Forum:

Case Initiated:

Allegations:

NASD

05/18/1995

ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; DO NOT USE-NO OTHERCONTROVERSY INVOLVED







Case Initiated:

Case Number:



Disposition:

Disposition Date:


05/18/1995

95-02368


$31,550.98

AWARD AGAINST PARTY

08/28/1996

$717.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

05/31/1995

95-02512



$80,977.49

AWARD AGAINST PARTY

04/19/1996

$18,923.20



i



Allegations: ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-BREACH OF CONTRACT








Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


NASD

06/16/1995

95-02678



$500,001.00

AWARD AGAINST PARTY

06/17/1996

$130,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

08/24/1995

95-02702



$9,400.00

AWARD AGAINST PARTY

01/17/1996

$1,500.00



i



Allegations: ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE








Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

06/22/1995

95-03011

ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-FAILURE TO SUPERVISE


$100,000.00

AWARD AGAINST PARTY

04/24/1997

$56,450.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

10/19/1995

95-03553

ACCOUNT ACTIVITY-OMISSION OF FACTS; DO NOT USE-NO OTHERCONTROVERSY INVOLVED


$1,954.60

AWARD AGAINST PARTY

05/08/1996

$1,650.00



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

12/12/1995

95-05689



$1,827.11

AWARD AGAINST PARTY

07/02/1996

$777.11



i











Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

04/26/1996

95-05737

ACCOUNT ACTIVITY-SUITABILITY; DO NOT USE-EXECUTIONS-FAILURE TOEXECUTE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED


$60,000.00

AWARD AGAINST PARTY

02/25/1997

$14,277.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

02/07/1996

96-00097

ACCOUNT ACTIVITY-OMISSION OF FACTS; ACCOUNT ACTIVITY-SUITABILITY;ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-NEGLIGENCE


$90,000.00

AWARD AGAINST PARTY

11/26/1996

$135,000.00











i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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








Disposition Date:


09/27/1996

$1,513.02



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

NASD

06/07/1996

96-02350

ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE; DO NOT USE-NO OTHER CONTROVERSY INVOLVED


$10,150.00








Disposition:

Disposition Date:


AWARD AGAINST PARTY

10/09/1996

$8,239.23



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



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








Case Number:



Disposition:

Disposition Date:


96-02454

ANNUITIES; COMMON STOCK; OPTIONS; WARRANTS/RIGHTS

Unspecified Damages

AWARD AGAINST PARTY

02/12/1999

$40,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

07/08/1996

96-02834

ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT ACTIVITY-UNAUTHORIZEDTRADING; DO NOT USE-NO OTHER CONTROVERSY INVOLVED


$7,320.40

AWARD AGAINST PARTY

01/14/1997

$4,141.40



i



Arbitration Forum:

Allegations:

NASD

ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-FAILURE TO SUPERVISE; DONOT USE-NO OTHER CONTROVERSY INVOLVED








Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


NASD

09/12/1996

96-03654


$15,332.50

AWARD AGAINST PARTY

02/13/1997

$4,850.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

01/09/1997

97-00017



$49,855.00

AWARD AGAINST PARTY

01/15/1998

$3,500.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

03/18/1997

97-00506

ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-SUITABILITY; ACCOUNTRELATED-MARGIN CALLS


$96,750.00

AWARD AGAINST PARTY

04/03/1998

$5,000.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

04/17/1997

97-00991

ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OTHER; DONOT USE-NO OTHER CONTROVERSY INVOLVED


$131,000.00

AWARD AGAINST PARTY

05/11/1998

$112,721.32



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

03/27/1997

97-01449

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-OTHER; DO NOT USE-NO OTHERCONTROVERSY INVOLVED


Unspecified Damages

AWARD AGAINST PARTY

05/13/1998

$5,000.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



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


$1,030,717.53

AWARD AGAINST PARTY








Disposition Date:


08/21/1998

$48,750.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

05/30/1997

97-02194

ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-MISREPRESENTATION; ACCOUNT ACTIVITY-OMISSION OF FACTS;ACCOUNT ACTIVITY-SUITABILITY


$400,000.00

AWARD AGAINST PARTY

02/11/1998

$32,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



NASD

09/04/1997

97-03441











Disposition:

Disposition Date:


$78,313.00

AWARD AGAINST PARTY

07/07/1998

$37,600.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

08/15/1997

97-03675

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-OTHER; DO NOT USE-NO OTHERCONTROVERSY INVOLVED


$300,000.00

AWARD AGAINST PARTY

12/18/1998

$50,000.00



i



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








Case Number:



Disposition:

Disposition Date:


97-03851


$55,145.79

AWARD AGAINST PARTY

07/16/1998

$67,145.79



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

09/23/1997

97-04031

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT ACTIVITY-UNAUTHORIZED TRADING; ACCOUNT RELATED-BREACH OF CONTRACT


$40,000.00

AWARD AGAINST PARTY

07/15/1998

$35,000.00



i



Arbitration Forum:

Allegations:

NASD

ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY;ACCOUNT RELATED-FAILURE TO SUPERVISE; ACCOUNT RELATED-NEGLIGENCE








Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


NASD

10/28/1997

97-04894


$250,000.00

AWARD AGAINST PARTY

08/24/1999

$206,629.35



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

01/21/1998

98-00183



$4,145.00

AWARD AGAINST PARTY

07/23/1998

$4,000.00



i



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.







Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

03/18/1998

98-00232



$71,000.00

AWARD AGAINST PARTY

02/12/1999

$29,600.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$158,257.85

AWARD AGAINST PARTY

03/18/1999

$18,750.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

10/28/1998

98-02495


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










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

07/19/1999

98-04960

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT ACTIVITY-SUITABILITY; ACCOUNT RELATED-NEGLIGENCE


$500,000.00

AWARD AGAINST PARTY

08/18/2000

$263,225.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:

NASD

03/30/1999

99-01160



$356,368.00

AWARD AGAINST PARTY

01/24/2000











i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

04/22/1999

99-01238

ACCOUNT ACTIVITY-CHURNING; ACCOUNT ACTIVITY-SUITABILITY;ACCOUNT RELATED-FAILURE TO SUPERVISE; DO NOT USE-NO OTHERCONTROVERSY INVOLVED


$171,000.00

AWARD AGAINST PARTY

12/05/2000

$69,161.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

NASD

06/03/1999

99-01422



$10,874.90








Disposition:

Disposition Date:


AWARD AGAINST PARTY

08/09/2000

$6,738.81



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

04/29/1999

99-01432

ACCOUNT ACTIVITY-BRCH OF FIDUCIARY DT; ACCOUNT ACTIVITY-OTHER;ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT RELATED-NEGLIGENCE


$865,000.00

AWARD AGAINST PARTY

12/21/2000

$190,659.54



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:

NASD

05/26/1999

99-01604









Case Number:



Disposition:

Disposition Date:


99-01604


$132,000.00

AWARD AGAINST PARTY

06/05/2000

$36,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$15,777.86

AWARD AGAINST PARTY

05/18/2000

$1,125.00



i











Arbitration Forum:

Case Initiated:

Case Number:



Disposition:

Disposition Date:


NASD

06/11/1999

99-02230



$125,000.00

AWARD AGAINST PARTY

08/17/2000

$57,900.02



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

07/19/1999

99-02593



$181,504.00

AWARD AGAINST PARTY

05/24/2000

$300,000.00



i










Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

07/19/1999

99-02593



$181,504.00

AWARD AGAINST PARTY

05/24/2000

$300,000.00



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$120,000.00

AWARD AGAINST PARTY

10/30/2000

$20,150.00










i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


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


$243,884.00

AWARD AGAINST PARTY

07/25/2001

$16,000.01



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:

NASD

11/22/1999

99-05003



$159,282.19

AWARD AGAINST PARTY








Disposition Date:


04/30/2001

$153,753.52



i



Arbitration Forum:

Case Initiated:

Case Number:

Allegations:



Disposition:

Disposition Date:


NASD

01/10/2000

99-05313



$325,000.00

AWARD AGAINST PARTY

03/21/2001

$88,000.00








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


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


Policy Holder: A.G. EDWARDS & SONS, INC.

Bonding Company Name: AETNA

Disposition: Payout


Payout Details: $371,625.00 PAID IN JANUARY, 1992.

Firm Statement DISHONEST ACTS BY FORMER EMPLOYEE RICHARD K. PEMBERTON.

Disclosure 3 of 3

i







Policy Holder: A.G. EDWARDS & SONS, INC.

Bonding Company Name: NATIONAL UNION FIRE INSURANCE OF PENNSYLVANIA

Disposition: Payout


Payout Details: THE TERMS OF THE SETTLEMENT ARE SUBJECT TO A CONFIDENTIALITYAGREEMENT.

Firm Statement DISHONEST ACTS BY FORMER EMPLOYEE BILLY BOB HARRIS.






End of Report

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