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AIG To Pay $9.5 Million For Steering People Into Pricey Mutual Funds
FYI: It’s looking like AIG did the right thing in getting out of the broker-dealer business. On Monday, three broker-dealers under American International Group agreed to pay $9.5 million to settle charges that they steered clients into more expensive share classes of mutual funds in order to maximize fees. Regards, Ted http://www.forbes.com/sites/laurengensler/2016/03/14/aig-sec-pricier-mutual-fund-share-classes/print/
