Skip to Primary Navigation

Broker-dealer fined $1.1m for failure to produce phone records

FINRA HQ from street
Photo: Getty Images

Eight-month gap between discovering and reporting error.

A finding against broker-dealer Edward Jones stands out from FINRA’s February disciplinary actions update.

According to the regulator’s investigation, Jones stored call detail records in two locations. The firm implemented a purge protocol, deleting records older than 18 months in the primary location.

At this primary location a hold was not