Violation Tracker Individual Record
Company:Next Financial Group, Inc.
Date:February 13, 2020
Offense Group:financial offenses
Primary Offense:investor protection violation
Secondary Offense:financial institution supervision failures
An agent of the company used a trading strategy that caused clients to incur significant expenses as a result of the high front-end fees of Class A mutual fund shares.
Level of Government:state
Action Type:agency action
Agency:Texas State Securities Board
Civil or Criminal Case:civil
HQ Country of Parent:USA
HQ State of Parent:New York
Ownership Structure of Parent:privately held
Major Industry of Parent:financial services
Specific Industry of Parent:investment advisory services
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