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June 28, 2013
Have Your Accounts Been Excessively Marked-Up or Marked-Down?

On June 26, 2013, FINRA, the Financial Industry Regulatory Authority Inc., fined a Miami investment firm over one million dollars for allegedly charging excessive mark-ups and mark-downs on bond sales. StateTrust Investments Inc. was fined $1.045 million and was ordered to pay $353,319 in restitution to customers for charging unfair prices in 563 corporate-bond transactions […]

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