Independent broker-dealer J.P. Turner & Co. has been ordered to pay $707,559 in restitution to 84 affected individuals over unsuitable ETF sales, according to FINRA.

The regulatory authority says Atlanta-based J.P. Turner -- which ranked No. 59 on Financial Planning's annual list of independent B-Ds -- generated $500,000 in improper mutual fund sales commissions and caused net losses to its customers of $200,000.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access