Raymond James, Wells Fargo and LPL Financial Ordered to Pay More Than $30,000,000.00 in Restitution to Retirement Accounts and Charities Which Were Overcharged for Mutual Funds
On Monday, July 6, 2015 the Financial Industry Regulatory Authority (FINRA) announced that Wells Fargo,
Raymond James and LPL Financial were ordered to pay $15,000,000.00, $8.7 Million, and $6.3 Million
Dollars, respectively in restitution, including interest, with payments to be made to customers effected
by the firms’ failure to waive mutual funds sales charges for certain retirement and charitable
Read the full story here: http://www.finra.org/newsroom/2015/finra-sanctions-wells-fargo-raymond-james-and-lpl-30-million
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