A. G. Edwards controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile3 entries
2008
Investigation involving Boston Edison retirees
Massachusetts authorities investigated complaints alleging that former broker William McHugh had steered Boston Edison retirees into failed investments and improperly taken money from client accounts. Wachovia later settled claims by A. G. Edwards customers under an agreement with the state.
2007
Market-timing violation settlement
The firm paid nearly $4 million in connection with a market-timing violation.
2006
Excessive account-fee settlement
A. G. Edwards agreed to pay $900,000 to settle claims that it had charged customers excessive account fees.