The National Association of Securities Dealers has suspended four brokers for inappropriate sales of B shares on mutual funds. A fifth broker is contesting the charges.

The brokers will be suspended for up to nine months and pay a combined total of nearly $120,000 in fines.

The brokers inappropriately recommended B shares on mutual funds, when their clients would have reduced their up-front sales charges through eligible breakpoints on A shares, NASD said.

The four brokers are affiliated with James Wheeler & Co., Marsco Investment, Tucker Anthony and UBS Financial Services. The fifth broker, with Staten Securities, is contesting the charges.

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