State Auditor James Brown Announces Multi-State Settlements Over Excessive Broker Commissions
Montana Commissioner of Securities and Insurance James Brown announced Tuesday a series of national settlements with five major broker-dealer firms over allegations they charged excessive commissions on small retail equity transactions, in violation of state securities laws. The firms—Edward D. Jones & Co., L.P. (Edward Jones), LPL Financial LLC, RBC Capital Markets, LLC, Stifel, Nicolaus Read More…