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Raymond James To Pay $15 Million For Overcharging Investors

TedTed
in The Bullpen
FYI: Raymond James has agreed to pay $15 million to settle charges that three of its subsidiaries improperly charged retail investors, costing them millions, the regulatory agency said today.

The improper charges happened from 2013 to 2018 and all involved instances where clients were charged higher advisory and brokerage fees than were necessary, according to the SEC.
Regards,
Ted
https://www.fa-mag.com/news/sec--raymond-james-to-pay--15-million-for-overcharging-investors-51696.html?print
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