Kemper Distributors, Inc.

Kemper Distributors, Inc. (CRD #37306, Chicago, Illinois) received a censure and fine of $100,000. It was required that the fee be paid within 10 days of notice of acceptance by the NAC of this AWC. The firm was also required to pre-file (at least 15 days prior to their initial use) with the NASD all advertisements depicting performance information through the use of graphs, bar charts or pie charts. The firm must pre-file their advertisements for at least six months from the acceptance by the NAC of this AWC. Apparently, the firm published advertisements that failed to accurately show performance of several mutual funds underwritten and distributed by the firm. Additionally, the firm failed to file, or failed to file in the proper time period, several of the advertisements with the NASD. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CAF000012)

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