(May 13, 2013) We were gratified last autumn that as a result of our reporting (http://kronstantinople.blogspot.com/p/edward-jones-saga.html), the Federal Industry
Regulatory Authority (FINRA) launched an investigation into the policies and practices of financial-services firm Edward Jones.
Today, after all these many months, we have received a stunningly terse letter from FINRA, the financial services industry's "self-regulatory" agency, that says simply, "Based on our assessment of the information (you provided), FINRA has closed its investigation of this matter." No explanation or elaboration whatsoever was provided. Our serious allegations were not confronted or even acknowledged.
Today, after all these many months, we have received a stunningly terse letter from FINRA, the financial services industry's "self-regulatory" agency, that says simply, "Based on our assessment of the information (you provided), FINRA has closed its investigation of this matter." No explanation or elaboration whatsoever was provided. Our serious allegations were not confronted or even acknowledged.