Edward Jones, Cambridge and Osaic to Pay Clients $8.2M Over Excess Fees

Published on December 20, 2024

The firms failed to give clients mutual fund sales charge waivers and fee rebates, FINRA says.

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FINRA Fines Edward Jones, Osaic, Cambridge $8.2M to Settle Mutual Fund Fee Charges

December 20, 2024
According to FINRA, the firms failed to supervise whether clients could benefit from fee waivers or rebates on certain mutual fund purchases. The settlements stemmed from a targeted exam launched in 2020.