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First Horizon to pay $325,000 to resolve Reg BI charges from SEC

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Julie DiMauro

3 min read
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The SEC emphasized that First Horizon did not maintain and enforce its own Reg BI-related policies and procedures, leading to this violation.

Tennessee-based broker-dealer First Horizon Advisors, Inc. has agreed to pay a civil penalty of $325,000 in connection with its recommendations for certain products, the SEC said in its press release this week.

The SEC found First Horizon failed to maintain and enforce policies and procedures reasonably designed to achieve compliance with

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