September 15, 2017 BY Valentina Kirilova
SEC charges SunTrust with improperly recommending higher-fee mutual funds
The Securities and Exchange Commission (SEC) announced that has charged the investment services subsidiary of SunTrust Banks with collecting more than $1.1 million in avoidable fees from clients by improperly recommending more expensive share classes of various mutual funds when cheaper shares of the same funds were available. SunTrust Investment Services has agreed to pay…
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