In spite of the best efforts of fund companies, B-share abuses still occur by way of circumventing maximum purchase limits the good people at Ignites
report. The Utah Department of Commerce’s Securities Division wants to put an end to that by revoking the licenses of First Western and certain individual reps and leveling fines. First Western of course denies they heard of, saw, were privy to, or even know what a B-share is.
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