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

Published on 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.

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

December 20, 2024
The firms failed to give clients mutual fund sales charge waivers and fee rebates, FINRA says.      Related StoriesMorningstar's Rekenthaler Retires; Praises 'Miracle' of StocksMore Than 60 Brokers Hit With FINRA Sanctions Over CE CheatingNew Bill Allows U.S. Expats to Be Taxed as 'Non-Residents'

Z1: Enhanced Financial Accounts projects updated

December 20, 2024
The most recent data are available online at https://www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm. The following projects have been updated with the most recently available data: Issuer-to-Holder (From-Whom-To-Whom) Data; Distributional Financial Accounts; Household Debt by State, County, and MSA; Depository Institutions: Consolidated Balance Sheet; Depository Institutions: