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SEC orders advisory firm to pay $356,580 over fee disclosures

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Signature Financial Services is the latest adviser to be caught in the regulator's 12b-1 fee dragnet

The Securities and Exchange Commission on Thursday ordered an investment advisory firm to pay $356,580 to settle charges that it failed to disclose to clients payments from mutual funds that benefitted the firm.

In the order, the SEC alleged that from January 1, 2014, through May 31, 2019, Signat

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