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September 21, 2015

Posted  January 28, 2016

Investment advisor Eagle Investment Management and its affiliated distributor FEF Distributors will pay $40 million to settle SEC charges of improperly using mutual fund assets to pay for the marketing and distribution of fund shares.  This settles the first case brought by the SEC under its “Distribution-in-Guise” Initiative which protects mutual fund shareholders.  The money will be returned to the accounts of affected shareholders.  SEC

Tagged in: Regulatory Violations, Securities Fraud,