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Raymond James to pay more than $12m over ‘unreasonable’ commissions

Por: The Boston Globe Business July 12, 2023

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Raymond James & Associates Inc., the giant investments brokerage and asset management firm, has agreed to pay $8.2 million in restitution to settle allegations that it overcharged some customers for commissions on trades of stocks and other equities.In addition to restitution, Raymond James & Associates and an affiliate, Raymond James Financial Services Inc., will pay $4.2 million in fines and penalties, according to the office of Secretary of... + full article



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