CIBC, Renaissance Mutual Funds reach $11M settlement in trailing commissions class action

By Karunjit Singh ( September 26, 2025, 2:42 PM EDT) -- The Canadian Imperial Bank of Commerce (CIBC), CIBC Trust Corporation and Renaissance Mutual Funds have agreed to pay $11 million to settle a class action alleging that they improperly paid trailing commissions to discount brokers from mutual fund assets leading to diminished returns for investors....