{"id":3844,"date":"2016-10-07T11:52:44","date_gmt":"2016-10-07T16:52:44","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/?p=3844"},"modified":"2022-03-25T13:17:50","modified_gmt":"2022-03-25T18:17:50","slug":"investors-capital-pay-1-1m-uit-sales","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investors-capital-pay-1-1m-uit-sales\/","title":{"rendered":"Investors Capital To Pay $1.1M Over UIT Sales"},"content":{"rendered":"<div class=\"WordSection1\">\n<div class=\"\"><\/div>\n<div class=\"\"><span class=\"\">A Cetera Financial Group network brokerage firm will pay $1.1M in fines and restitution related to its sale of unit investment trusts. The broker-dealer is Investors Capital Corp.<\/span><\/div>\n<div class=\"\"><span class=\"\">\u00a0<\/span><\/div>\n<div class=\"\"><span class=\"\">According to the Financial Industry Regulatory Authority, in 74 clients\u2019 accounts, certain advisers recommended steepener notes, as well as short-term trading of UITs that were not suitable for these investors. \u00a0Investors Capital is also accused of not applying discounts when applicable to certain UIT purchases.\u00a0<\/span><\/div>\n<div class=\"\"><span class=\"\">\u00a0<\/span><\/div>\n<div class=\"\"><span class=\"\">The regulator claims that two representatives at Investors Capital recommended these unsuitable short-term UIT transactions between 6\/2010 and 9\/2015.\u00a0<\/span><\/div>\n<div class=\"\"><span class=\"\">\u00a0<\/span><\/div>\n<div class=\"\"><\/div>\n<div class=\"\"><\/div>\n<\/div>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/investors-capital-pay-1-1m-uit-sales\/#more-3844\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Cetera Financial Group network brokerage firm will pay $1.1M in fines and restitution related to its sale of unit investment trusts. The broker-dealer is Investors Capital Corp. \u00a0 According to the Financial Industry Regulatory Authority, in 74 clients\u2019 accounts, certain advisers recommended steepener notes, as well as short-term trading of UITs that were not [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739,3941],"tags":[3671,3672],"class_list":["post-3844","post","type-post","status-publish","format-standard","hentry","category-finra","category-unit-investment-trust","tag-cetera-financial","tag-steepener-notes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investors Capital To Pay $1.1M Over UIT Sales &#8212; Investor Lawyers Blog &#8212; October 7, 2016<\/title>\n<meta name=\"description\" content=\"A Cetera Financial Group network brokerage firm will pay $1.1M in fines and restitution related to its sale of unit investment trusts. The broker-dealer &#8212; October 7, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/investors-capital-pay-1-1m-uit-sales\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investors Capital To Pay $1.1M Over UIT Sales &#8212; Investor Lawyers Blog &#8212; October 7, 2016\" \/>\n<meta name=\"twitter:description\" content=\"A Cetera Financial Group network brokerage firm will pay $1.1M in fines and restitution related to its sale of unit investment trusts. The broker-dealer &#8212; October 7, 2016\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investors Capital To Pay $1.1M Over UIT Sales &#8212; Investor Lawyers Blog &#8212; October 7, 2016","description":"A Cetera Financial Group network brokerage firm will pay $1.1M in fines and restitution related to its sale of unit investment trusts. The broker-dealer &#8212; October 7, 2016","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/investors-capital-pay-1-1m-uit-sales\/","twitter_card":"summary_large_image","twitter_title":"Investors Capital To Pay $1.1M Over UIT Sales &#8212; Investor Lawyers Blog &#8212; October 7, 2016","twitter_description":"A Cetera Financial Group network brokerage firm will pay $1.1M in fines and restitution related to its sale of unit investment trusts. The broker-dealer &#8212; October 7, 2016","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/investors-capital-pay-1-1m-uit-sales\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investors-capital-pay-1-1m-uit-sales\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Investors Capital To Pay $1.1M Over UIT Sales","datePublished":"2016-10-07T16:52:44+00:00","dateModified":"2022-03-25T18:17:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investors-capital-pay-1-1m-uit-sales\/"},"wordCount":296,"keywords":["Cetera Financial","steepener notes"],"articleSection":["FINRA","Unit Investment Trust"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/investors-capital-pay-1-1m-uit-sales\/","url":"https:\/\/www.investorlawyers.com\/blog\/investors-capital-pay-1-1m-uit-sales\/","name":"Investors Capital To Pay $1.1M Over UIT Sales &#8212; Investor Lawyers Blog &#8212; October 7, 2016","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2016-10-07T16:52:44+00:00","dateModified":"2022-03-25T18:17:50+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"A Cetera Financial Group network brokerage firm will pay $1.1M in fines and restitution related to its sale of unit investment trusts. 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