December 05, 2013 BY Gerald Segal

FINRA fines broker $700K for churning

84 customers affected by the company's misleading statements on leveraged and inverse ETFs The Financial Industry Regulatory Authority (FINRA) has made an announcement today that it has mandated Atlanta-based brokerage J.P. Turner to pay back $707,559 to 84 customers who were sold leveraged and inverse exchange traded funds (ETFs) plus for excessive mutual fund switches.…

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