FINRA Fines Osaic Broker/Dealer $1M Over Mutual Fund Supervision

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Securities America, an Omaha, Neb.-based broker/dealer that was consolidated into Osaic last year, will pay $3 million in restitution and fines to settle Financial Industry Regulatory Authority allegations that it failed to supervise mutual fund recommendations.  In a letter of acceptance, waiver and consent detailing the settlement, Securities America did not admit nor deny the findings, b ...