Volume IV Issue 8 | Legislative Intelligence - Case Closed or Prequel?

This month’s column reviews a recent court case in which a U.S. district court dismissed a putative securities class-action lawsuit against St. Louis-based brokerage firm Edward D. Jones & Co. (Edward Jones) alleging unsuitable account changes. The Edward Jones litigation is helpful by shedding light on some of the key issues involving account recommendations when Regulation Best Interest (Reg BI) goes into effect.