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Fathom has settled a commissions lawsuit for $2.95 million, making it the latest brokerage to resolve such legal issues. Additionally, broker-dealer First Horizon Advisors has agreed to pay a civil penalty of $325,000 to settle charges related to its recommendations for certain products, as stated by the SEC. First Horizon will also face a censure and a cease-and-desist order. New Jersey's OceanFirst Bank will invest at least $14 million in a loan subsidy fund to resolve a U.S. government lawsuit accusing it of illegal redlining.
Broker-dealer First Horizon Advisors will pay a fine of $325,000 to settle charges stemming from its recommendations for certain products, the SEC said. First Horizon has agreed to a censure and a cease-and-desist order, in addition to the civil penalty https://t.co/L4v4DXRdK4 https://t.co/a8EWEkcsIl
Today we announced charges against registered broker-dealer First Horizon Advisors, Inc. for failing to maintain and enforce policies and procedures reasonably designed to achieve compliance with Regulation Best Interest. https://t.co/UpjbTJxV01 https://t.co/lOiQelEsum
Slew of plaintiffs added to amended Davis homebuyer commission suit https://t.co/8bPJAiRDdl
