Illinois Investors to Receive Nearly $950,000 in Multi‑state Brokerage Settlement

Giannoulias secures nearly $950,000 for Illinois investors in a $19 Million settlement

Illinois Secretary of State Alexi Giannoulias announced nearly $950,000 will be returned to Illinois investors as part of a $19 million multi-state settlement involving five major brokerage firms accused of charging unfair fees on small stock trades.

Brokerage firms settlement nets refunds for investors

At least $948,551 will be returned to Illinois investors as part of a $19 million settlement involving five major brokerage firms accused of small stock trades involving unfair fee practices.

Illinois investors to receive nearly $950,000 in multi‑state brokerage settlement

Nearly $950,000 will be returned to Illinois investors as part of a $19 million, multi‑state settlement involving five major brokerage firms accused of charging excessive commissions on small‑dollar stock trades

Illinois Investor Warning: High-Fee Trades Trigger $19M Settlement, Payments Begin This Spring

Springfield, Ill. – Thousands of Illinois investors will begin seeing money returned to their accounts within weeks as a multi-state crackdown on excessive trading fees forces major brokerage firms to pay back nearly $950,000. According to the Illinois Secretary of…