NASD Says Fund Family Paid Improper Fees
690726
NASD has accused an affiliate of American Funds of directing $100 million in trading commissions to the brokerage firms that were top sellers of its funds.
191686
Fidelity Investments is being sued by workers at Deere & Co.  who claim the world's largest mutual fund company charged them "unreasonable" fees and expenses to manage their retirement savings.
718568
Placement fees charged by broker Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) may be unethical and under intense scrutiny by regulators, but that
618450
NEW YORK A federal judge in Manhattan says MCI may have violated a court order by paying more than 25 (m) million dollars in professional services fees as part of its bankruptcy proceedings in excess of caps on such fees.
57534
ALBANY, NY RS Investment Management agreed to pay 30 (m) million dollars to settle allegations it allowed &quot;excessive&quot; market timing in its mutual funds.
720626
Financial services regulator NASD said on Monday it has charged H&R Block Financial Advisors Inc.  with fraud related to the sale of Enron Corp.  bonds immediately preceding Enron's bankruptcy in 2001.
288712
Federal regulators are investigating whether traders at Fidelity Investments improperly steered business to their brothers who work for brokerage firms that execute trades for the mutual fund giant, according to attorneys and others involved in the case.
196867
NEW YORK, Aug. 19 -- National Securities Corp., a Seattle brokerage firm, has agreed to a one-month ban on opening mutual fund accounts and must pay $600,000 in fines and restitution to settle allegations that its employees helped ...
152734
Financial services regulator NASD said  on Monday it has charged H&R Block Financial Advisors Inc.  HRB.N with fraud related to the sale of Enron Corp.  ENRNQ.PK bonds immediately preceding Enron's bankruptcy in  2001.
569117
The Securities and Exchange  Commission said on Thursday it charged a total of 38 traders in  a multi-million dollar scheme that involved phony finder fees  and illegal kickbacks in the &quot;stock loan&quot; industry.
249507
Securities regulators are planning sanctions against a company that sold high-fee mutual funds to military officers, sources familiar with the situation said Friday. Some big fund companies said they may reconsider the "contractual plan" funds.
302698
The NASD on Monday said it fined  Citigroup Global Markets Inc. $250,000 for distributing  inappropriate hedge fund sales literature, in the regulator's  largest fine involving hedge fund sales by broker-dealers.
490404
The possible charges relate to the creation and operation of an internal transfer agent unit to serve primarily the Smith Barney family of funds.
208517
NEW YORK, October 25  - Citigroup Global Markets Inc has been censured and asked to pay a fine of $250,000 by the NASD (National Association of the Securities Dealers), for allegedly distributing inappropriate hedge fund sales literature
610958
AXA Advisors, the United States brokerage unit of AXA of France, agreed to pay a $1.2 million fine and reimburse 1,800 clients after offering them fee-based accounts that did not fit their needs.
334297
The US Securities and Exchange Commission on Thursday charged brokerage firm Raymond James Financial Inc. (RJF.N: Quote, Profile, Research) with fraud over the misconduct of a former broker in 1999 and 2000.
637771
A move to curb sales fees at one of the largest fund providers may be good news for investors, but load funds still scream buyer beware.