The firm was appealing a judge’s decision to grant the matter class action status prior to announcing that it had agreed to the settlement.
Estimated reading time: 0 minutes, 21 seconds
Raymond James Agrees to $15M Settlement
Raymond James has agreed to a $15 million settlement to resolve a lawsuit originally filed in 2015. The lawsuit claimed the firm had inflated its fees by up to 10 times in its passport accounts, which are self-directed. So reports Financial Planning.
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