Florida, a longtime battleground for banks that sell mutual funds, is heating up again.

The state's attorney general has launched investigations of sales practices at the brokerage units of Great Western Financial Corp. and Amsouth Corp., Assistant Attorney General Rebecca Henry confirmed. At issue: whether the brokerages set out to deceive customers about investment risks.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.