Firms to Pay $125 Million to Clients Over Fee-Disclosure Practices

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Firms to Pay $125 Million to Clients Over Fee-Disclosure Practices
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Nearly 80 investment advisory firms agreed to pay settlements to clients who were steered into higher-cost mutual funds without adequate disclosure

WASHINGTON—Almost 80 investment advisory firms—including divisions of Wells Fargo & Co. and Deutsche Bank AG—agreed Monday to pay back over $125 million to clients who were steered into higher-cost mutual funds without adequate disclosure.

The Securities and Exchange Commission announced the settlements as part of an initiative that asked...

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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