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https://www.barrons.com/advisor/articles/raymond-james-to-pay-13-million-for-unreasonable-fees-regulators-say-830a954e

Raymond James to Pay $13 Million for Unreasonable Fees, Regulators Say

By
Andrew Welsch
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Raymond James Financial will pay roughly $13 million to settle allegations that it overcharged retail investors on small dollar transactions, a group of state securities regulators announced Tuesday.

Over the past five years, Raymond James charged unreasonable commissions on over 270,000 equity transactions and trades, resulting in its customers paying $8.25 million more than they should have, the North American Securities Administrators Association said.

Raymond...

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