{"id":2554,"date":"2017-03-14T00:00:00","date_gmt":"2017-03-14T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/investors-capital-corp-uit-fine\/"},"modified":"2018-10-08T12:37:48","modified_gmt":"2018-10-08T16:37:48","slug":"investors-capital-corp-uit-fine","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/investors-capital-corp-uit-fine\/","title":{"rendered":"Cetera Brokerage Firm Investors Capital Corp Fined $1.1 Million Over Sales of Unit Investment Trusts"},"content":{"rendered":"

Cetera Brokerage Firm Investors Capital Corp Fined $1.1 Million Over Sales of Unit Investment Trusts<\/strong><\/h2>\n<\/p>\n

Silver Law Group is investigating investor claims against Cetera Financial Group-owned Investors Capital Corp. (CRD# 30613)<\/a> after FINRA fined the firm and ordered it to pay restitution of over $1.1 million for allegations of short-term trading of unit investment trusts (\u201cUITs\u201d).<\/p>\n

According to the Acceptance, Waiver & Consent (\u201cAWC\u201d)<\/a> Investors Capital Corp. (\u201cInvestors Capital\u201d) and FINRA entered into in October 2016, FINRA found that Investors Capital recommended unsuitable short-term trading of UITs and Steepener Notes (\u201cSteepener Notes\u201d) in 74 customer accounts.\u00a0 Additionally, Investors Capital failed to apply sales charge discounts to certain customers\u2019 purchases of UITs, according to the AWC.\u00a0 The misconduct occurred between June 2010 and September 2015.<\/p>\n

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

Cetera Brokerage Firm Investors Capital Corp Fined $1.1 Million Over Sales of Unit Investment Trusts Silver Law Group is investigating investor claims against Cetera Financial Group-owned Investors Capital Corp. (CRD# 30613) after FINRA fined the firm and ordered it to pay restitution of over $1.1 million for allegations of short-term trading of unit investment trusts […]<\/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],"tags":[106,139,125],"class_list":["post-2554","post","type-post","status-publish","format-standard","hentry","category-cetera-financial-group","category-finra-disciplinary-actions","tag-cetera-financial-group","tag-investors-capital-corp","tag-unit-investment-trusts"],"yoast_head":"\nCetera Brokerage Firm Investors Capital Corp Fined $1.1 Million Over Sales of Unit Investment Trusts — Securities Arbitration Lawyers Blog — March 14, 2017<\/title>\n<meta name=\"description\" content=\"If you have lost money investing in unit investment trusts (UITs) with Investors Capital Corp, contact our firm to learn how you can try and 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