Published On: February 23, 2017

Recently, Invest Financial Corp entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). FINRA accused Invest of disadvantaging certain retirement plan and charitable organization customers that were eligible to purchase Class A shares in certain mutual funds without a front-end sales charge. This occurred between January 1, 2009 and December 31, 2015. This is against securities rules and regulations. Many mutual funds waive the up-front sales charges associated with Class A shares for certain retirement plans and charitable organizations. Invest allegedly failed to reasonably supervise the application of sales charge waivers to eligible mutual fund sales. The firm was fined $225,000 and censured. Invest Financial Corp can be held liable for your losses. Please call our law offices today at 312-332-4200 to speak to one of our attorneys about how you may be able to bring a lawsuit against Invest for losses. The call is free with no obligation. We sue firms in the FINRA arbitration forum on a contingency fee basis.

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