Securites Fraud Attorneys SHEPHERD, SMITH & EDWARDS, LLP
stock fraud online consultations
Skip to main content
about Our Stock Attorneys contact stock lawyers securities arbitration questions Securities fraud news Broker Misconduct Resources and links about investment protection en Espanol
Free Consultation

or call
1-800-259-9010


IF Distributor, Inc.

IF Distributor, Inc. (CRD #36461, Scottsdale, Arizona) received a censure and fine of $125,000 and VESTAX Securities Corporation (CRD #10332, Hudson, Ohio) received a censure and fine of $25,000. According to the findings, IF Distributor, Inc. (IFD) paid bonuses on sales of mutual funds shares to various broker/dealers. The regulators found that pursuant to special compensation arrangements, IFD paid additional bonuses to a certain group of registered representatives, which was associated with one of IFD's affiliates, VESTAX. The findings stated that IFD and VESTAX failed to ensure that the special cash compensation arrangements were disclosed to public customers as required by NASD rules. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #C8A030001)

Did IF Distributor, Inc. manage your investments?

 

 

If you would like one of our specialists to provide a free consultation, please let us know how to reach you:

 Your Name

 Your Phone

 Your Question / Situation