Edward Jones Contract

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Dec 1, 2012 10:10 pm


I recently left Jones after 6 months for a variety of reasons. Has anyone had any experience dealing with the non compete and the 75k fine for "Training Costs". I would like to use my licenses elsewhere because it certainly makes me more empoyable. I certainly dont need to get sued 75k of which I dont have just trying to obtain a new job elsewhere. I am new to the industry and looking for input thanks.

Jan 17, 2013 10:03 am

I was at Jones but for over 7 years. In my experience they will come after you for the training costs unless they fire you. If you leave on your own and attempt to use that license you will get served with a lawsuit.

Jan 25, 2013 11:20 pm

I have heard you can negotiate those costs down. Just a rumor...

Nov 5, 2013 12:46 pm

I left Jones after 7 yrs with them in 1999 to LPL. They sent 2 form letters from Legal Dept. LPL legal dept told me to ignor them. I did. Nothing happened.