Stockbroker Misconduct and Investment Fraud Blog

79 firms to Pay SEC $125M Restitution for 12b-1 Fees

79 firms to Pay SEC $125M Restitution for 12b-1 Fees

The U.S. Securities and Exchange Commission (SEC) has announced that clients from 79 investment firms who were sold high-fee mutual funds will get their money back. The restitution, totaling $125 million, will go back to retail investors who were...