Tagged with "Janney Montgomery"

Another Five Firms Ordered to Pay $18M for Mutual Fund Overcharges

Posted on November 4th, 2015 at 1:56 PM
Another Five Firms Ordered to Pay $18M for Mutual Fund Overcharges

The Financial Industry Regulatory Authority (FINRA) continues to fine broker dealers for charging improper fees for mutual funds. The recent firms are Edward Jones, Stifel Nicolaus & Co., Janney Montgomery, AXA Advisors, and Stephens Inc. They were fined a cumulative total of $18.4 million according to FINRA’s most recent announcement.

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