Finra Orders Merrill to Pay $11.65 Million over UIT ... - AdvisorHub

Finra Orders Merrill To Pay $11.65 Million Over UIT ... - AdvisorHub

3 weeks from now

Jun 25, 2021  · Finra said that Merrill executed more than $32 billion in UIT transactions over the five years, including $2.5 billion worth of UITs sold more than 100 days before their typical 15 …

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Merrill To Pay $1.5 Million After Brokers Sidestepped Fee

3 weeks from now

Jul 3, 2024  · The Financial Industry Regulatory Authority censured Merrill Lynch and ordered it to pay $1.5 million to over 1,300 customers who were charged unnecessary fees in their advisory …

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Finra Raps Two Merrill Brokers, Including 30-Year Firm Vet, Over …

3 weeks from now

Jun 28, 2021  · The brokers’ UIT switches in these cases likely represent just a small fraction of the $2.5 billion worth of potentially improper UIT rollovers that Finra said Merrill processed …

advisorhub.com

FINRA Orders Merrill To Pay $11.65 Million For UIT Rollover …

3 weeks from now

Jul 8, 2021  · The Financial Industry Regulatory Authority (FINRA) has ordered Merrill Lynch to pay $11.65 million as part of a settlement. About. Who We Are. Testimonials. Disclaimers. …

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Merrill Lynch Hit With $11.65 Million Penalty By Finra

3 weeks from now

Jun 25, 2021  · Finra also fined the firm $3.25 million for failing to reasonably supervise early UIT rollovers. From 2011 to 2015, more than 3,000 Merrill Lynch clients were hit with the sales …

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Merrill Lynch To Pay Nearly $1.5 Million In Restitution Over …

3 weeks from now

Jul 12, 2024  · Merrill Lynch reached a settlement with the Financial Industry Regulatory Authority in connection with unnecessary fees charged to customers, according to AdvisorHub.. In a …

securitieslaw.com

Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers

3 weeks from now

Jun 25, 2021  · Finra ordered Merrill Lynch, Pierce, Fenner & Smith Inc. to pay more than $8.4 million in restitution to more than 3,000 customers who incurred excessive sales charges in …

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FINRA Orders Merrill To Pay $11.65 Million For UIT Rollover …

3 weeks from now

The Financial Industry Regulatory Authority (FINRA) has ordered Merrill Lynch to pay $11.65 million as part of a settlement.

ecclestonlaw.com

Wells Fargo To Pay $3.1 Million As Finra Wraps Up UIT Sweep

3 weeks from now

Dec 13, 2021  · The most recent and largest included was the June settlement with Merrill that included a $3.25 million fine and $8.4 million in restitution. Finra in May 2020 ordered regional …

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Finra Sanctions Merrill Lynch Over UIT Rollover And ... - Barron's

3 weeks from now

Merrill Lynch agreed to pay more than $11 million to settle allegations that it had supervisory failures involving unit investment trusts, a niche investment product that has come under …

barrons.com

Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers

3 weeks from now

Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers The transactions forced clients to pay millions of dollars in needless fees, according to FINRA. A UIT is an investment …

seclaw.com

SEC Fines Wells, Merrill $60 Million Combined Over Cash Sweep ...

3 weeks from now

Jan 17, 2025  · The Securities and Exchange Commission fined Wells Fargo Advisors and Merrill Lynch a combined $60 million for failing to pay advisory customers a fair rate on cash sweeps, …

advisorhub.com

BofA, Merrill Fined $3 Million For Failure To Supervise ... - AdvisorHub

3 weeks from now

Aug 29, 2024  · Merrill Lynch and its parent Bank of America accepted a $3 million fine and censure for failing to properly monitor for “potentially manipulative trading” by customers, …

advisorhub.com

AdvisorHub - The Financial Industry Regulatory Authority.

3 weeks from now

Jun 25, 2021  · The Financial Industry Regulatory Authority has ordered Merrill Lynch to pay $11.65 million as part of a settlement that the wirehouse failed to properly supervise billions of …

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Finra Hits Another Veteran Broker Over UIT Sales - AdvisorHub

3 weeks from now

Nov 23, 2020  · Merrill to Pay $4.9 Million to Settle Overtime Suit From Salaried Advisors, Trainees ... Finra Hits Another Veteran Broker Over UIT Sales ... St. Louis-based Stifel agreed …

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Wells Fargo, LPL To Pay $1.8 Million Each Over Deficient Trade ...

3 weeks from now

Dec 20, 2024  · Wells Fargo Advisors’ broker-dealer unit and LPL Financial have agreed to pay $1.8 million each to settle allegations that they filed deficient trade reports with regulators, …

advisorhub.com

Finra Exacts Fines From Merrill, Cambridge Over Product Supervision

3 weeks from now

Mar 31, 2021  · Merrill to Pay $4.9 Million to Settle Overtime Suit From Salaried Advisors, Trainees ... also signed a consent order requiring it to pay a $100,000 fine and to reimburse …

advisorhub.com

Finra Orders New Jersey Firm To Pay $470K For UIT Violations

3 weeks from now

Jan 24, 2019  · The Financial Industry Regulatory Authority has censured Parsippany, New Jersey broker-dealer Hennion & Walsh Inc. and ordered it to pay a $165,000 fine and return $305,438 …

advisorhub.com

Finra Orders Oppenheimer To Pay $3.4 Million In Fines And …

3 weeks from now

Finra on Thursday also ordered Oppenheimer to pay eligible customers $1.14 million in remediation over A-share mutual fund charges that should have been waived but that the firm …

advisorhub.com