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Edward Jones

St. Louis-based financial services firm Edward D. Jones currently is facing state investigations and allegations and charges of stockbroker misconduct, conflict of interest and breach of fiduciary duties over the sale of Lehman Principal Protected Notes and other structured products.

Specifically, investors contend Edward Jones failed to disclose material facts about the structured notes and, specifically, that they were unsecured obligations of Lehman Brothers and therefore tied to the credit risk of the company. On Sept. 15, 2008, Lehman Brothers filed for bankruptcy protection. In doing so, the “100 percent principal protection” initially promised by Edward Jones and other brokerage firms that sold Lehman Principal Protected Notes became null and void. Instead, the notes (also known as guaranteed linked notes) ended up being worth pennies on the dollar.

If you are an individual or institutional investor and have concerns or questions about Edward Jones investments, contact Mark Maddox. We can evaluate your situation to determine if you have a claim.

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