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SEC Hits Edward Jones For $20M For Muni Bond Overcharges

By Ed Beeson ( August 13, 2015, 10:46 AM EDT) -- The U.S. Securities and Exchange Commission on Thursday sanctioned Edward D. Jones & Co. LP and and its former head of municipal underwriting for $20 million to settle claims that they overcharged retail customers for new municipal bonds, in what the agency described as a first-of-its-kind case....

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