August 06, 2020 BY Steffy Bogdanova
WBI Investments and Millington Securities to pay $1 million for misleading clients
SEC also alleged that the brokerage firms executing WBI’s client trades boosted the execution prices by $0.02 to $0.03 per share for client buy orders and lowered them the same amount for client sell orders. WBI and Millington also falsely assured the boards of the mutual funds and the ETFs that these institutional payment for…
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