Former broker sues Edward Jones for ‘systemic’ racial discrimination

A former broker is suing Edward Jones over allegations of “systemic, intentional race discrimination” and policies that “unlawfully segregate its workforce.”

Wayne Bland is asking the eastern division of the U.S. District Court for the Northern District Court of Illinois to put a halt to the alleged discriminatory practices at the firm in a class-action suit filed on behalf of himself and other African-American advisors at Edward Jones.

Bland “alleges that Edward Jones employs companywide policies and practices regarding training, compensation, partnerships and the assignment of territories, business opportunities and sales support that unlawfully segregate its workforce and deny African-Americans the income and advancement opportunities because of their race.”

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