A Poor Fit for Investors?

Regulators are looking into how brokerage firms steer clients into fee-based accounts that are unsuitable for them

Attorney Lawrence L. Klayman makes his living representing investors in arbitrations against their brokers. Over the past couple of years, he has won settlements in more than 400 cases in which brokers put their customers into accounts that carry an annual fee based on a percentage of assets instead of trading commissions.

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