Harris Bank

BMO Harris Financial Advisors and BMO Asset Management Corp. will pay $37 million to settle charges that they failed to reveal that advisers selected investments in their retail investment advisory program which included the selection of more expensive investments from which BMO advisers profited, the SEC said Friday.

WASHINGTON — BMO Harris Financial Advisors and BMO Asset Management Corp. agreed Friday to pay $37 million to settle SEC charges that they failed to reveal that advisers selected investments in their retail investment advisory program which included the selection of more expensive investments from which BMO advisers profited.

Categories / Financial, Securities

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