Royal Alliance Associates Inc. Mutual Fund NAV Transfers
This case is closed. You may review eligibility and related claims information for reference only.
Who is eligible for remediation?
Clients of Royal Alliance Associates Inc. (Royal Alliance) who purchased shares of mutual funds during the period January 1, 2002 through December 13, 2006, and qualified for, but did not receive, the benefit of an NAV Transfer Program, subject to certain exclusions.
If I am eligible, when can I expect to be remediated?
The settlement provides that the remediation will be completed by July 31, 2007. The firm will also establish a response team to handle customer inquiries, and will provide you with contact information.
What options are available to investors?
The remediation plan does not foreclose your ability to pursue arbitration or mediation if you believe you have suffered losses. You should consult an attorney as to your rights.
- Press Release, NASD Fines Four Firms for Supervisory Failures Relating to Mutual Fund Sales Charge Waivers
- Investor Alert: Net Asset Value Transfers: Look Before You Leap Into Another Mutual Fund
- FINRA Fund Analyzer allows investors and financial professionals to review fees and potential discounts and understand their impact on fund performance.