The Securities Exchange Commission is investigating the parent company of the Edward D. Jones stock brokerage company, looking into allegations the company did not tell customers that some mutual fund companies were paying promotional fees to agents who pushed their funds. The filing says the federal prosecutor in Eastern Missouri, the National Association of Securities Dealers, and other agencies also are investigating the deals. Edward D. Jones and its parent company, Jones Financial Group, are based in Des Peres. The SEC says the company got about $90-Million last year in so-called revenue sharing agreements with mutual funds.
