Edward Jones, Cambridge and Osaic to Pay Clients $8.2M Over Excess Fees

What You Need To Know

• The firms failed to provide available mutual fund sales charge waivers and fee rebates on mutual fund purchases.
• None of the firms had a supervisory system reasonably designed to supervise whether eligible clients got fee waivers.
• As a result, customers did not receive the rights of reinstatement benefits to which they were entitled.