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Prudential Securities Settles SEC Claim
Prudential Securities will pay $382,000 in settling the SEC claim that the firm improperly sold Class B shares (back end load) of mutual funds when sales of A shares (front end load) would have been more advantageous to the customer because of discounts, or "breakpoints" due to the size of the purchases.
Source: SEC Press Release, July 10, 2003
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