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SEC Fines AIG Units $9.5M Over Excess Mutual Fund Fees

By Ed Beeson ( March 14, 2016, 5:55 PM EDT) -- The U.S. Securities and Exchange Commission on Monday sanctioned three broker-dealer units of AIG a total of $9.5 million to settle claims that they steered customers into more expensive mutual funds that generated the firms more fees when cheaper options were readily available....

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