The regulator claims Cetera used mutual funds that paid the advisor more compensation than identical funds with lower fees.
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SEC Alleges Cetera Conducted $10M Scam
- Friday, Sep 13 2019
- Regulatory & Compliance
- Written by PFA News
The Securities and Exchange Commission has charged Cetera Advisors with defrauding retail advisory clients in a scam that generated more than $10 million in undisclosed fees. So reports FA Magazine.