Wisconsin Banking Update
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Company Fined Over Brokerage Fees
Posted on February 24th, 2009 No commentsThe Financial Industry Regulatory Authority has fined Milwaukee-based Robert W. Baird & Co. $500,000 for supervisory violations relating to its fee-based brokerage business. FINRA also ordered Baird to return $434,510 in fees, plus interest, to 154 customers, according to the Small Business Times.
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