Financial-services company agrees to pay settlement
- Raymond James settles allegations of overcharging clients in Oregon
- Agrees to pay nearly $200,000 in settlement
- Follows a multistate settlement reached with regulators last year
Raymond James has reached a settlement to resolve allegations that it charged investors unreasonable commissions in Oregon. The company has agreed to pay nearly $200,000 in the settlement, which follows a previous multistate settlement reached with regulators. This settlement is specific to investors in Oregon and covers a five-year period ending in July of last year. Raymond James continues to face scrutiny over its commission practices.
Public Companies: Raymond James (N/A)
Private Companies:
Key People:
Factuality Level: 7
Justification: The article provides specific information about Raymond James agreeing to pay nearly $200,000 to settle allegations of charging investors unreasonable commissions. It mentions that the settlement concerns investors in Oregon and that it follows a multistate settlement reached with regulators last year. However, the article is very brief and lacks in-depth details or analysis. It also includes some irrelevant information about signing in to read Barron’s Advisor.
Noise Level: 2
Justification: The article is very short and lacks relevant information. It only mentions a settlement by Raymond James without providing any details or context. It also includes unrelated information about signing in to read Barron’s Advisor.
Financial Relevance: Yes
Financial Markets Impacted: Raymond James
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Raymond James settling allegations of charging investors unreasonable commissions.
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