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Edward Jones, Cambridge and Osaic to Pay Clients $8.2M Over Excess Fees
December 20, 2024 at 01:20 PM
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What You Need To Know
- The firms failed to provide available mutual fund sales charge waivers and fee rebates on mutual fund purchases.
- None of the firms had a supervisory system reasonably designed to supervise whether eligible clients got fee waivers.
- As a result, customers did not receive the rights of reinstatement benefits to which they were entitled.
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