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International Business Times UK
International Business Times UK
Business
Christian Nogot Puno

Man Shocked by $15,000 in Edward Jones Commissions Switches to Schwab: 'This Is a Complete Scam'

A Reddit poster says one Edward Jones trade cost $472 in commission, and close to $15,000 in charges overall. AI-generated. (Credit: IBTimes UK)

An Edward Jones client made a shocking revelation, wherein he lost close to $15,000 (about £11,000) in commission charges, all of which came out of his life savings and his children's savings. The client has moved what is left to a rival, Charles Schwab, after nobody told him what each trade was costing at Edward Jones.

The client set out what happened publicly online, and Edward Jones has not commented.

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