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SEC Alleges Cetera Conducted $10M Scam

Thursday, Sep 12 2019

Regulatory & Compliance

Written by PFA News

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SEC Alleges Cetera Conducted $10M Scam

The Securities and Exchange Commission has charged Cetera Advisors with defrauding retail advisory clients in a scam that generated more than $10 million in undisclosed fees. So reports FA Magazine.

The regulator claims Cetera used mutual funds that paid the advisor more compensation than identical funds with lower fees.

Read the full article from FA Magazine.

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