International Capital Management, John Sanchez and Javier Sanchez admitted to several violations of MFDA rules
Mutual fund dealer fined $125,000 for compliance failings
Fund dealer paid reps 10 bps more in commissions for selling its proprietary RBC Portfolio Solutions funds
The regulator alleges the fund dealer violated the mutual fund sales practices rule by paying reps higher commissions to sell its proprietary funds
Training, due diligence, trading instructions among issues MFDA firms will have to consider
The rule aims to promote client awareness of the MFDA’s oversight of mutual fund dealers and advisors
Mutual fund dealers can expect a mandatory request for data in June
The mutual fund dealer will give more than 150 advisors access to the online digital wealth-management platform
Trades executed through ETFBahn will now flow through Credit Suisse, which will provide record keeping execution and custody services
The would-be rep falsely reported that she was sentenced to community service when she was actually ordered to serve time in jail