{"id":2497,"date":"2017-06-06T00:00:00","date_gmt":"2017-06-06T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/cetera-mutual-fund-sales-charge-violations\/"},"modified":"2018-10-08T12:37:25","modified_gmt":"2018-10-08T16:37:25","slug":"cetera-mutual-fund-sales-charge-violations","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/cetera-mutual-fund-sales-charge-violations\/","title":{"rendered":"FINRA Fines Cetera Almost $2 Million for Mutual Fund Sales Charge Violations"},"content":{"rendered":"<\/p>\n

\"Morgan<\/a>FINRA entered into a settlement with Cetera Advisor Networks LLC (CRD# 13572)<\/a> over improprieties related to mutual sales fund charge waivers.<\/p>\n

According to the Acceptance, Waiver and Consent (\u201cAWC\u2019)<\/a> entered into between Cetera and FINRA, Cetera disadvantaged certain retirement plan and charitable organization customers that were eligible to purchase certain shares in mutual funds without a front-end sales charge.\u00a0 Instead, Cetera sold these customers shares with front-end or back-end sales charges and higher ongoing fees and expenses.<\/p>\n

Cetera did not waive the additional mutual fund sales charge even though customers qualified for it and, according to the AWC, Cetera carried on this conduct between July 2009 and January 2017.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

FINRA entered into a settlement with Cetera Advisor Networks LLC (CRD# 13572) over improprieties related to mutual sales fund charge waivers. According to the Acceptance, Waiver and Consent (\u201cAWC\u2019) entered into between Cetera and FINRA, Cetera disadvantaged certain retirement plan and charitable organization customers that were eligible to purchase certain shares in mutual funds without […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[586,577,587],"tags":[105,106,107],"class_list":["post-2497","post","type-post","status-publish","format-standard","hentry","category-cetera-financial-group","category-finra-disciplinary-actions","category-mutual-funds","tag-cetera-advisor-networks","tag-cetera-financial-group","tag-mutual-fund-sales-charges"],"yoast_head":"\nFINRA Fines Cetera Almost $2 Million for Mutual Fund Sales Charge Violations — Securities Arbitration Lawyers Blog — June 6, 2017<\/title>\n<meta name=\"description\" content=\"If you've lost money investing with Cetera Advisor Networks or any firms under the Cetera Financial Group umbrella, contact our firm to try and recover.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/cetera-mutual-fund-sales-charge-violations\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Fines Cetera Almost $2 Million for Mutual Fund Sales Charge Violations — Securities Arbitration Lawyers Blog — June 6, 2017\" \/>\n<meta name=\"twitter:description\" content=\"If you've lost money investing with Cetera Advisor Networks or any firms under the Cetera Financial Group umbrella, contact our firm to try and recover.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Morgan-Stanley-Discharges-and-FINRA-Permanently-Bars-Broker-Samuel-Wylie-Sloane.jpg\" 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