FINRA has fined Fidelity Brokerage Services LLC for charging unfair municipal bond prices to customers. Fidelity consented to FINRA’s findings that it charged excessive markdowns or markups on bond trades. This practice of gouging investors takes money directly out of investors’ pockets. Brokerage have been able to get away with this type of securities fraud for years because investors generally were not informed how much they were being charged for bond trades. Investors with significant bond portfolios should have their accounts reviewed to determine whether their brokerage firm charged them too much to buy and sell bonds.

EN   ES   PT     

Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182