NEXT: Next Financial to Refund $500,000 to Customers over Mutual Fund Sales

Texas-based broker-dealer Next Financial Group Inc. has agreed to refund $500,000 to customers of a former broker who moved clients in and out of mutual funds to generate commissions over a five-year period. According to the Texas Securities Commission, from 2014 through 2018, the broker purportedly made hundreds of trades involving Class A shares of [...]The post Next Financial to Refund $500,000 to Customers over Mutual Fund Sales appeared first on The DI Wire.