Scamming U.S. Military: Garbage In, Garbage Out

For many years, First Command Financial Services sold "garbage" mutual funds, with obscene upfront expenses and contracts committing investors to periods of 10 years or more, to U.S. military personnel, FundAlarm.com maintains. Congress recently clamped down on the creation of such additional funds, and First Command was fined and banished from the business.

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