Voya Financial Advisors Inc. entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) for allegedly failing to apply volume discounts to certain customer’s eligible purchases of non-traded real estate investment trusts (REITs) and business development companies. Voya also allegedly failed to have effective supervisory systems and procedures in order to ensure that its customers received appropriate volume discounts on eligible purchases of non-traded REITs and business development companies. Voya also failed to apply sales charge discounts to certain customer’s purchases of unit investment trusts (UITs). For these, Voya was censured and fined $325,000 and was forced to pay restitution in the amount of $41,853.20. If you invested money with Voya Financial Advisors, please call our securities law firm based in Chicago, Illinois to speak to an attorney. The consultation is free. We help retail investors recover money in the FINRA arbitration forum. Voya Financial could be responsible for your investment losses.
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