Dozens of Brokerages Miscalculated Breakpoints
January 22, 2007
Dozens of brokerages failed to fully compensate mutual fund investors for breakpoints owed to them for purchases in 2001 and 2002, and the NASD may take enforcement action against them. While the NASD won't bring fraud charges, it is considering charging the companies with negligence, failure to provide accurate information and recordkeeping violations.
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