Financial Advisor IQ – FA Suing Edward Jones Hires Giant-Killer Law Firm

On May 24, an African-American financial advisor filed a class-action race discrimination lawsuit against Edward Jones, his former employer.

Wayne Bland, who filed the lawsuit and worked for Edward Jones for two years, is represented by Stowell & Friedman. That law firm previously won more than $300 million in class action settlements based on discrimination lawsuits it filed against other firms, including wirehouses Merrill Lynch and Wells Fargo.

The new lawsuit alleges Edward Jones discriminates against African-American financial advisors and trainees by denying them opportunities to participate in programs to develop their careers and client rosters. Specifically, Edward Jones denies them participation in a mentor-assigning program, and another program through which managers transfer…

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