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Raymond James to pay $8.7 million to customers for overcharges

2015-07-06 22:24:53| Apparel - Topix.net

Tampa Bay's largest financial services firm is among several companies required by the Financial Industry Regulatory Authority to pay back $30 million to customers for mutual fund sales overcharges in some charitable and retirement accounts. Raymond James & Associates and Raymond James Financial Services, which is headquartered in St. Petersburg, were ordered to pay back affected customers on Monday, along with Wells Fargo Advisors, Wells Fargo Financial Network and LPL Financial.

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