Merrill Lynch settles FINRA case on UIT sales for $11.7M | Financial ...

Merrill Lynch Settles FINRA Case On UIT Sales For $11.7M | Financial ...

2 weeks from now

Jun 28, 2021  · From January 2011 to December 2015, Merrill Lynch flagged only those early UIT rollovers that occurred in the seven months following the initial offering period for the products, …

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Merrill Lynch To Pay $11.6M To Settle FINRA Case Over Unsuitable …

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The Financial Industry Regulatory Authority (FINRA) announced that Merrill Lynch, Pierce, Fenner & Smith will pay approximately $8.4M in restitution and an over $3.2M fine to settle charges alleging supervisory failuresinvolving unit investment trust (UIT) rollovers. The self-regulatory organization (SRO) contends that over 3,000 customers may have...

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

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

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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 …

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Merrill Lynch To Pay $11.7 Million Over Unit Investment Trust (UIT ...

2 weeks from now

Jul 16, 2021  · FINRA ordered Merrill Lynch to pay over $11 million in fines and restitution for supervisory failures related to early rollovers in unit investment trusts (UITs), which caused …

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

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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

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Jun 25, 2021  · The Financial Industry Regulatory Authority Inc. on Friday said it ordered Merrill Lynch & Co Inc. to pay an $11.65 million penalty stemming from potentially excessive sales …

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FINRA: Merrill Lynch To Pay $11.25 Million In Case Of UIT Rollovers

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Jun 28, 2021  · FINRA has ordered Merrill Lynch, Pierce, Fenner & Smith, Inc. to pay more than $8.4 million in restitution to more than 3,000 customers who incurred potentially excessive …

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

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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 …

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Merrill Pays $15.2 Million To Investors Who Spent Too Much For …

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Jun 2, 2022  · Finra alleged that from January 2015 to January 2021, Merrill Lynch failed to detect and limit customers who were purchasing too many Class C mutual fund shares, according to …

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Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers

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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 …

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Merrill Lynch Settles FINRA Mutual Fund Case For $15.2M | Financial ...

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Jun 6, 2022  · The restitution plus interest in the most recent settlement, plus those ordered in Merrill’s two previous FINRA cases, adds up to $46.8 million in client mutual fund fees during …

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Bank Of America Merrill Lynch To Settle UIT Sales-Related FINRA …

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Aug 22, 2010  · Bank of America Merrill Lynch has agreed to settle for $2.5 million Financial Industry Regulatory Authority allegations that it did not provide "sales — August 22, 2010 ...

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