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Raymond James Settles Charges of High Fees for $12M

July 27, 2023 by Louis Chunovic

Raymond James Settles Charges of High Fees for $12M

Raymond James & Associates, Inc., and Raymond James Financial Services, Inc. have been ordered to “return $8.25 million, plus interest, to customers who were charged unreasonably high fees.” That is the top-line conclusion of a multi-state investigation of brokers who overcharged investors. Massachusetts Secretary of the Commonwealth William F. Galvin, spearheaded the investigation, which also… Read More >>

Filed Under: Securities Operations, Data Management, Ops Automation, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Standards, Performance Measurement, KYC, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting Tagged With: Alabama, and Washington, California, compliance, FINRA, Illinois, Massachusetts, Montana, North American Securities Administrators Association, operational risk

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