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Cetera Advisors Charged With Defrauding Clients

FYI: The Securities and Exchange Commission charged Cetera Advisors Thursday with breaching its fiduciary duty and defrauding its retail advisory clients in connection with the sales of mutual funds, earning more than $10 million to which it was not entitled.

The SEC said that the firm failed to disclose conflicts of interest related to its receipt of undisclosed compensation.
Regards,
Ted
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