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Violation Tracker Individual Record

Company: Osaic Wealth Inc.
Penalty: $3,096,490
Year: 2024
Date: December 20, 2024
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: FINRA ordered three firms--Edward Jones, Osaic Wealth, Inc. and Cambridge Investment Research, Inc.--to pay more than $8.2 million in restitution to customers who were harmed by the firms' failures to provide available mutual fund sales charge waivers and fee rebates on mutual fund purchases.
Level of Government: federal
Action Type: agency action
Agency: Financial Industry Regulatory Authority
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.