MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Two B-Ds To Pay $1 Million For Overcharging Clients On Mutual Fund

TedTed
in The Bullpen
FYI: Two broker-dealers agreed to pay about $1 million in restitution to settle Finra allegations that they overcharged clients on mutual fund sales.

The charges against the firms are part of a multiyear focus by Finra on mutual fund sales violations that has led to settlements with 56 broker-dealers and $89 million in restitution for nearly 110,000 charitable and retirement accounts, Finra said.
Regards,
Ted
https://www.fa-mag.com/news/two-b-ds-to-pay--1-million-for-overcharging-clients-on-mutual-funds-50592.html?print
Sign In or Register to comment.