North Dakota has received $140,000 from financial industry settlements tied to brokerage fees on small-dollar stock trades.
The Insurance and Securities Department says LPL Financial and Stifel paid $20,000 each in February, and Edward Jones paid $100,000 in June.
The cases were part of multistate enforcement actions involving allegations that firms charged unreasonable commissions on smaller transactions.
The money goes into the state’s Investor Education and Technology Fund, which the state says supports public education and services tied to financial industries.
The department says affected consumers have already been notified.
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