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Edward Jones Fee-Based Account Suit Paused Pending Review Bid

May 24, 2021, 8:09 PM

Edward D. Jones & Co. clients will have to wait for a new chance at their fee-based account push suit after the Ninth Circuit granted the company’s stay request while it seeks U.S. Supreme Court review.

Clients who accuse the financial services firm of pushing them to move to fee-based investment accounts won a revival of their would-be class case in March. The case is stayed through at least Oct. 11, the U.S. Court of Appeals for the Ninth Circuit said.

A district judge dismissed the case on jurisdictional grounds in 2019. But the Securities Litigation Uniform Standards Act, ...