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Mississippi-based clients to receive checks after $12.4M Raymond James settlement
SUMMARY: Mississippi has reached a $12.4 million settlement with Raymond James over allegations that the company charged clients “unreasonable commissions” on trades that harmed investors. The settlement includes $8.2 million in refunds to clients and $4.2 million in penalties and costs to states. State securities regulators found that Raymond James nickel-and-dimed customers on over 270,000 equity transactions and trades over the last five years. The company will also implement updated policies and procedures to prevent the imposition of unfair commissions. Clients who were charged more than 5 percent commission on equity transactions from 2018-2023 will be eligible for restitution.
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SUMMARY: The Leopold Conservation Award, celebrating voluntary conservation efforts on farms, ranches, and forestland, is now available in Mississippi. Named after conservationist Aldo Leopold, the award acknowledges exceptional land management in soil health, water quality, and wildlife habitats. Mississippi joins 28 other states in presenting this $10,000 award through collaborations with organizations like the Mississippi Farm Bureau Federation and The Nature Conservancy. Farmers and ranchers in Mississippi making significant environmental strides can be nominated until July 30, 2024. Winners will receive the cash prize and national recognition for their conservation achievements.
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SUMMARY: Dana Walker, a former financial secretary at H.W. Byers High School in Mississippi, has pleaded guilty to embezzling approximately $39,471.70 in school activity funds. State Auditor Shad White announced Walker's guilty plea following her arrest by the Marshall County School District Police in February 2022. The funds in question were collected from students and staff between August 2020 and February 2022 for various school activities. Walker's employment was covered by a $50,000 surety bond to protect taxpayers. She is scheduled for sentencing on August 13 in Marshall County Circuit Court. The State Auditor's office reaffirms its zero-tolerance policy for fraud.
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SUMMARY: Officials will gather in Madison County for a groundbreaking ceremony for Amazon Web Services (AWS) on Monday. AWS is investing over $10 billion into two hyperscale data centers in Mississippi, one at the Madison County Mega Site and another near Tougaloo College. Gov. Tate Reeves signed legislation in January facilitating this project, expected to create over 1,000 high-tech jobs. Lawmakers appropriated $44 million for infrastructure and loaned $215.1 million to ensure project completion within five to seven years. The groundbreaking event is scheduled for 9 a.m. at 108 Walker Drive in Canton.
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