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Raymond James to Pay Nearly $2M for Failure to Report Complaints, Mutual Fund Transactions
News September 03, 2024 at 02:23 PM
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What You Need To Know
- Raymond James failed to reasonably supervise the timely reporting of customer complaints, FINRA finds.
- RJFS also failed to reasonably supervise at least 4.7 million mutual fund purchases.
- Raymond James also failied to configure the firms' automated surveillance systems to review certain types of direct business transactions.
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