Edward Jones Settlement Checks

Mar 3, 2009 2:52 pm

Two checks for those that work there. Hmmmm...could they be keeping tabs on their current employees?

Mar 3, 2009 3:52 pm

I'm a former and I received my checks (plural) yesterday. I was part of the settlement period for 53 months so one check was for $700 and change and the other check, where they withheld the taxes, was for approximately $450.

You guys all need to watch the movie "Conspiracy Theory", you are all starting to sound a little too much like Mel Gibson's character in the movie.

Lapide

Mar 3, 2009 4:02 pm

Actually one of Mel’s worst movies. But I’ll agree I get a little conspiracy theorist at times. You know we’ve never been back to the moon!

Mar 3, 2009 5:45 pm

Woohoo! I got mine yesterday, too. I took my family out to dinner and almost used the whole amount.

Mar 3, 2009 5:51 pm

Does the amount vary?

I got a check for $691.42. I didn’t really know what to expect. How much are we supposed to receive?

Today’s my anniversary, and I figured I’d take my wife out somewhere nice, but if there’s another one coming, maybe I’ll get a little something extra.

Mar 3, 2009 5:57 pm

Happy Anniversary!

Mar 3, 2009 6:00 pm

The amount varies by the amount of time you were at (participated) Edward Jones. The maximum amount of months you could participate in the settlement was 55 months. The maximum amount you would be paid out per month was $27.67. Half of the amount awarded was considered “damages” and the other half was considered lost wages.

Lapide

Mar 3, 2009 8:17 pm

As stated, it looks like Jonesers get 2 checks; one for the liquidation part of the settlement issued by the administrator........and the second sent out by Jones for the wages part. When I was at EJ, I thought all info sent in was anonymous....wrong! From what I hear, take a look at your personal info on Jonesnet. The wages check is reflected on your income. So much for getting in anonymously......everybody's pegged now. Good Luck

Mar 3, 2009 11:58 pm

what was the date range? from 2003 to 2007? I got mine notarized but have no check- are they all out?

Mar 4, 2009 12:04 am

Always remember, there is no such thing as anonymous at EDJ, big brother IS watching! That is a fact.

Mar 4, 2009 2:28 am

Couldn't have come at a better time!

Mar 4, 2009 3:24 am

newnew:

what was the date range? from 2003 to 2007? I got mine notarized but have no check- are they all out?

Mar 4, 2009 3:17 pm

if you were a GP, your check is significantly reduced. SIGNIFICANTLY, most likely b/c of the partnership you held.