Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 28, 2016 indicate that Texas-based brokerage and advisory firm WFG Investments has been sanctioned and fined following allegations that, among others, it failed to apply sales charge discounts to certain purchases of unit investment trusts (UITs). The securities and investment fraud law…

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Fitapelli Kurta is investigating complaints against PNC Investments in connection with the sale of speculative ETFs and UITs.  The Financial Industry Regulatory Authority (“FINRA”) recently fined PNC Investments LLC $90,000.00 for complaints that PNC failed to apply an appropriate rollover or breakpoint discount to customers who purchased unit investment trusts (“UIT”).  According to FINRA, PNC also failed…

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