The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Raymond James In Settlement Talks Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, February 10, 2004

Raymond James In Settlement Talks

by: Nicole Halsey

Raymond James Financial said talks have begun with the SEC and NASD to settle allegations that it overcharged its clients to buy mutual funds, Reuters reports.

In an SEC filing, the company said it anticipated paying as $14.8 million for failing to give appropriate discounts to investors making big fund purchases and has already earmarked $2.5 million for its possible settlement.

The company also estimated that its customers are due $12.3 million as of December 26 for having failed to receive appropriate breakpoint discounts since Jan. 1, 1999. In September, the company estimated customers were due $6.88 million. Raymond James added that it expects to recover $6.2 million of the new amount from financial advisers.


Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use