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#2118359 - 02/15/17 06:22 PM Fees on accounts with Reg D violations
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,114
The Great White North
Thinking this is not allowed since my searches have yielded nothing. Are we allowed to charge a fee on accounts when there is a reg d violation? Like a $5 charge for sending the letters, etc.?
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#2118499 - 02/16/17 05:33 PM Re: Fees on accounts with Reg D violations Bec
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
It's a common practice, but I like to get people's attention and would be looking at a $25 minimum.

Fee or no fee, you are still obligated to put a stop to the violation; i.e. you cannot just impose a fee, you have to fix it.
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#2118671 - 02/17/17 02:46 PM Re: Fees on accounts with Reg D violations Bec
Bec Offline
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Bec
Joined: Jul 2010
Posts: 1,114
The Great White North
Wow, $25!! My CEO would love you smile
Understood about having to still work the process on the letters and violations, etc.
Thank you for the feedback!
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