This week’s roundup highlights the five most-read stories, offering a mix of impactful local news and updates. These stories captured the community’s attention, from a $17M settlement involving Edward Jones to Racine’s efforts to address housing shortages and a tragic incident at the county jail. Dive in to catch up on these top headlines and stay informed!
Edward Jones has agreed to a $17 million settlement following a four-year investigation by state securities regulators, including Wisconsin’s DFI. The investigation revealed the firm moved clients’ investments from upfront-commission Class A mutual fund shares to fee-based accounts prematurely, causing them to pay unnecessary, overlapping fees. Edward Jones has implemented new policies to address supervisory gaps and reaffirmed its commitment to investor protection.
The Wisconsin Elections Commission has launched its first-ever investigation into the mishandling of 193 absentee ballots during Madison’s November 2024 election. The probe will examine whether Madison Clerk Maribeth Witzel-Behl violated procedures or laws after ballots were left uncounted due to errors at two polling sites and a lack of tracking systems. With spring primary elections weeks away, the commission aims to quickly identify what went wrong and issue guidance to prevent similar mistakes…