NASD Breakpoint Order Places Onus on Brokers

The National Association of Securities Dealers has made good on its investigation into unpaid fund breakpoints by ordering members last Monday to promptly pay investors this money, plus interest, in cash or in cash deposits to their account. NASD wants brokers to pay the amounts plus 2.5% simple interest for overcharges between Jan. 1, 2001 and the present.

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