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SunTrust Investment Services Hit by Charges of ‘Avoidable Fees’

September 20, 2017 by Louis Chunovic

SunTrust Investment Services (STIS), the investment services subsidiary of SunTrust Banks, an American bank holding company, has agreed to pay a penalty of more than $1.1 million to settle the SEC’s charges that it “collected more than $1.1 million in avoidable fees from clients by improperly recommending more expensive share classes of various mutual funds… Read More >>

Filed Under: Securities Operations, Industry News, General Interest, Diversity, Equity, and Inclusion (DEI), AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Industry News Tagged With: investment adviser representatives, mutual funds, penalty, SEC, SunTrust, SunTrust Bank

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