Clearing House To Pay $40.7M Over 'Slush Fund' Claims
law360
2 weeks ago
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Axos Clearing LLC owes more than $40.7 million to more than 100 claimants for allegedly turning a blind eye as the brokerage firm Worden Capital Management LLC used the claimants' accounts as personal slush funds, following Worden Capital's expulsion by the Financial Industry Regulatory Authority.
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