As cases against brokerage firms for accepting directed-brokerage payments from mutual fund companies wind down, the NASD is planning to levy its first charges in a new wave of lawsuits, Dow Jones reports.

By the end of the month, NASD will bring a new action against "another kind of misdeed involving mutual fund sales," said James S. Shorris, head of enforcement at the NASD. "It's actually something relatively new and involves the retail seller of the fund."

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