Dozens of brokerages failed to fully compensate mutual fund investors for breakpoints owed to them for purchases in 2001 and 2002, The Wall Street Journal reports, and the NASD is expected to take enforcement action against them.

The NASD ordered the brokerages to assess the proper fees investors should have been charged after fining 15 such firms $21.5 million in 2004 for not passing along breakpoints.

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