Company Name: A.G. Edwards
Problem Type: Financial Institution		12b-1: NA% OER: NA%
Date/Problem:	Publicity Source:	Status-Ongoing Resolution:	Fund Police Opinion:
1/24/2006 The company allegedly received kickbacks from mutual fund companies in 2001 and 2002 in exchange for the marketing of their products to certain retail customers.	Money Management Executive	Not settled.	They claim serving the customer first and professional integrity is at the heart of the company. Looks like the marketing dept. and the brokers never sat down and talked.
5/10/2005 Questionalble sales of the companies Class B and C mutual fund shares has cost investors earnings.	Money Mangement Executive	The NASD has offered a settlement that would result in a fine for A.G. Edwards and will allow customers to switch to Class A shares and a possible reimbursement for lost earnings.	"OK judge, you should not send me to jail because the law does not specifically say that being a jerk is against the law". Throw the bums out.
4/14/2005 Investors have accused A.G. Edward’s brokers of selling preferred funds without full disclosure.	Money Management Executive	The class action suit filed against A.G. Edwards accused the company of withholding tens of millions of dollars of unreported and illegal kickbacks since 2000. Charges of conflicts of interest are also outlined in the suit.	This is why fee-only advisors serve your best interest. Go to www.NAPFA.com for addtional information.
2/22/2005 The Massachusetts Securities Division has subpoenaed 15 banks and broker/dealers for improperly selling annuities to seniors. Customer complaints drove the investigation into whether seniors were being taken advantage of so brokers could collect large commissions.	Money Management Executive	The annuities sold to aging seniors were not appropriate because they had high market risk, high fees and surrender charges, and are not liquid enough should the investor need cash for nursing home and other expenses.	Visit our Annuities section for more info on this type of investment.
2/17/2005 A.G. Edwards was charged with improper trading.	Money Management Executive	The compliance director admitted to the SEC that illegal trading was rampant throughout the company.	They claim serving the customer first and professional integrity is at the heart of the company. Looks like the marketing dept. and the brokers never sat down and talked.
2/3/2005 The company is being sued by MA's Secretary of Commonwealth, William Galvin, for allowing market timing. One of the fund's market timing trades amounted to $2 Billion!	Money Management Executive	Galvin charged the company with ignoring "huge" red flags. The company even had guidlines for creating accounts for market-timing clients! The prospectus for the company stated that market timing was not permissable.	We don't even have to explain ourselves for why we're kicking this company to the curb. Throw the bums out!