My BH just got turned down for a job interview with an office of Edward Jones because they have a rule that employees AND their spouses have to have all of their investments with Edward Jones. I am not going to move all of my retirement investments to them. I am happy with my current investment company.
I have never heard of this rule before. The interviewer claimed it is required by law.
Anybody know about this sort of rule? It seems coercive and intrusive to me.
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Unless the FTC has an established hard and binding rule, Edward Jones can go pound sand.