FINRA Issues Mutual Fund Breakpoint Alert

FINRA has issued an investor alert informing investors that they may be eligible to receive partial refunds of the front-end sales charges paid on Class A mutual fund shares. According to FINRA, an “industry-wide survey” found that investors failed to receive discounts in roughly “one out of every five” eligible transactions. While front-end sales load…

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FINRA Approves Amendment for Simplified Arbitration

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on July 31, 2018, as well as a news article on The National Law Review report that FINRA has amended its rules to offer investors a new option for simplified arbitration proceedings. According to Regulatory Notice 18-21, which FINRA published on July…

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