September 30, 2019

Founders Financial Securities, LLC

Trading and Pricing

SANCTION AMOUNT: $1615465

Defendants: Founders Financial Securities, LLC

Respondent, a dual RIA and broker-dealer, settled charges that it failed to disclose conflicts of interest and to seek best execution while selling higher cost mutual fund share classes charging 12b-1 fees that it received a share of.

Key Docs
Official SEC press release

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