FINRA Announces Interim Progress of Voluntary 529 Plan Share Class Initiative


This PRESS RELEASE was originally published on THIS SITE

$2.7 Million in Restitution to Customers; Two Matters Resolved Through Settlements and 17 Matters Resolved Through Cautionary Actions, Resulting in Remediation to Customers and Correction of Supervisory Deficiencies

WASHINGTON—FINRA today announced initial results of its voluntary self-reporting 529 Plan Share Class Initiative (529 initiative), which include more than $2.7 million in restitution and interest to customers owning approximately 3,900 accounts, arising from settlements with two firms and 17 matters resolved through cautionary action letters.

Author: Admin
We aggregate press releases from federal, state and local government offices for publishing purposes and a network of news sites. We call this news source as "direct source news". We are unbiased, and politically neutral. It is America and people have the "freedom" to support and vote for the candidates of their own choice supported by their personal beliefs. We do however support America!