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3 mutual funds were fined for charging clients too much money

2015-07-08 13:59:58| Apparel - Topix.net

Wells Fargo , Raymond James and LPL Financial have been fined more than $30 million combined for overcharging clients on Class A shares from July 2009 through 2014. Investment News reports, "The firms either passed along the charges improperly or put investors into Class B or C shares, which come with high back-end and ongoing fees."

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