Although this is against Edward Jone's policies, they sold a huge annuity to my Father at age 90. The rep got a trip to Sweden and another to the Virgin Islands.
I need a complaint form pronto, and will file a complaint with the SEC asap !!!! I will also file a complaint on the salesman who sold this annuity to a 90 year old man and seek damages. This is a criminal action that needs to be brought to the public's attention. The guy also sold my Dad a bunch of loades mutual funds with huge 12b 1 fees and 8 and 1/2 percent loads, not to mention the yearly fees that reduces his principle to zero in short order.
Redemption fees are off the chart too, leaving the remaining pennies in the account for his heirs. This criminal act will not go away as lawsuits will be filed upon my Father's death.
Product or Service Mentioned: Edward Jones Investment Service.
Reason of review: criminal activity involved .
Preferred solution: Full refund.
I didn't like: Entire investment scams sold.