Regional News

Raymond James To Pay Investors Over Fees

(Salem, OR) -- The investment company Raymond James has settled with several states, including Oregon, for over-charging commissions to retail customers on small-dollar transactions. More than 270-thousand trades were made resulting in over-charges of eight-and-a-quarter million dollars. In Oregon, investors made 27-hundred transactions resulting in 96-thousand dollars in over-charges. The company will pay 109-thousand dollars in restitution and interest to Oregon customers and will pay the state a 75-thousand-dollar civil penalty.

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