Merrill Fined $950K After Flawed Supervision Allowed Two

Dec 21, 2021 · The wirehouse, which revamped systems to address the lapse, did not have proper controls or monitoring in place on client fund transfers, the regulator said.

CouponFollow Extension

$950
OFF

Merrill Fined $950K After Flawed Supervision Allowed Two

3 weeks from now

Dec 21, 2021 · The wirehouse, which revamped systems to address the lapse, did not have proper controls or monitoring in place on client fund transfers, the regulator said.

advisorhub.com

$15
OFF

Merrill To Reimburse Customers $15.2 Million For Mutual Fund …

3 weeks from now

Jun 2, 2022 · The Financial Industry Regulatory Authority ordered Merrill Lynch to reimburse customers $15.2 million for selling more expensive mutual fund share classes when others …

advisorhub.com

$1
OFF

Merrill To Pay $1.5 Million After Brokers Sidestepped Fee Waivers ...

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 …

advisorhub.com

$15
OFF

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

3 weeks from now

Jun 2, 2022 · Finra announced Thursday that Merrill Lynch Pierce Fenner & Smith Inc. will pay $15.2 million to investors who purchased expensive share classes of mutual funds when more …

investmentnews.com

$8
OFF

FINRA Fines Merrill Lynch $8 Million; Over $89 Million Repaid To ...

3 weeks from now

The Financial Industry Regulatory Authority (FINRA) has announced that it has fined Merrill Lynch, Pierce, Fenner & Smith, Inc. $8 million for failing to waive mutual fund sales charges …

fundssociety.com

$8
OFF

Finra Tags Merrill Lynch With $8 Million Fine For Mutual Fund Sales ...

3 weeks from now

Jun 19, 2014 · Finra fines Merrill Lynch $8 million for failing to waive mutual fund sales charges to certain charities and retirement accounts and requires the wirehouse to pay back $89 million in …

investmentnews.com

$25
OFF

Merrill Lynch Agrees To Pay $25M For Violations Related To Cash …

3 weeks from now

Jan 17, 2025 · Merrill Lynch agrees to pay $25M for violations related to cash sweep accounts When market interest rates increased, the yields advisory clients received from the program …

regcompliancewatch.com

$3
OFF

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

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

$60
OFF

Wells Fargo Firms, Merrill Lynch To Pay $60 Million To Settle SEC …

3 weeks from now

Jan 17, 2025 · (Reuters) -Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. Securities and Exchange Commission …

yahoo.com

$60
OFF

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

$9
OFF

Merrill, Options Manager To Pay $9.3 Million For Ignoring Client ...

3 weeks from now

Sep 25, 2024 · Merrill Lynch and a third-party money manager agreed to pay $9.3 million combined for ignoring client concentration limits on an options overlay strategy, according to a …

advisorhub.com