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KM Financial Solutions | UPDATE 1-Bank of Montreal pays $38 mln to settle U.S. SEC charges it hid conflicts
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UPDATE 1-Bank of Montreal pays $38 mln to settle U.S. SEC charges it hid conflicts

26 Sep UPDATE 1-Bank of Montreal pays $38 mln to settle U.S. SEC charges it hid conflicts

Posted at 21:50h in News by
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Two units of Bank of Montreal
agreed to pay about $38 million to settle U.S. regulatory
charges they concealed conflicts of interests by failing to tell
clients their money was often being invested in expensive,
in-house funds.

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