Western International Securities, Inc. Fined by FINRA
16 July 2019
An AWC was issued in which the firm was censured, fined $75,000 and required to provide remediation to eligible customers who qualified for, but did not receive, the applicable mutual fund sales charge waivers. As part of this settlement, the firm agrees to pay restitution to eligible customers, which is estimated to total $375,000 (i.e., the amount eligible customers were overcharged, inclusive of interest).
