(Reuters) - The violations took place between January 2003 and January 2006 and concerned the Destiny I and II funds, which require investors to invest in installments, the regulator said.
According to the NASD, the broker-dealers issued literature with "mountain charts" that showed the funds' returns over 30 years, but which masked substantial underperformance in the most recent 15 years.
Read more at Reuters.com Government Filings News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment