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

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

22 hours ago

Jul 3, 2024  · From January 2018 through June 2022, lapses in Merrill’s supervisory systems allowed brokers to sidestep a 12-month fee waiver that the firm offered on some new-issue …

advisorhub.com

Merrill Lynch To Reimburse Customers $1.5 Million Over Avoidable …

22 hours ago

Jul 3, 2024  · Merrill Lynch has been ordered to reimburse customers approximately $1.5 million due to supervisory lapses that led to avoidable fees on more than 2,000 accounts. ... for …

investmentnews.com

Merrill Lynch Agrees To Settle Allegations Of 1.5 Million

22 hours ago

Jul 6, 2024  · Merrill Lynch agrees to pay nearly $1.5 million to settle allegations that its representatives executed transactions resulting in unnecessary fees for over 1,300 customers. …

thewealthadvisor.com

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

22 hours ago

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

Finra Fines Merrill Lynch $1.5 Million Over Avoidable Fees - MSN

22 hours ago

Merrill, a unit of Bank of America, allegedly offered clients a 12-month waiver on fees associated with the purchase of certain products if the transactions were executed through an advisory …

msn.com

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

22 hours ago

Jun 2, 2022  · Merrill customers paid approximately $13.4 million in excess fees and expenses, Finra said. Merrill agreed to provide restitution of $15.2 million, which includes an interest …

investmentnews.com

Finra Orders Merrill To Repay Customers Almost $1.5M On Fee …

22 hours ago

Jul 2, 2024  · The Financial Industry Regulatory Authority has ordered Merrill Lynch to return almost $1.5 million to customers, contending that the firm's supervisory lapses caused its …

fa-mag.com

Merrill To Pay $1.5M In Restitution For Skirting No-fee Advisory ...

22 hours ago

FINRA’s settlement with Merrill calls on the firm to pay $1.49 million in restitution, as well as interest, to 1,361 clients. The industry watchdog accused Merrill of violating Regulation Best …

theadvisermagazine.com

Merrill Ordered To Pay Clients $15.2M For Improper Fund Sales

22 hours ago

Jun 2, 2022  · The Financial Industry Regulatory Authority has ordered Merrill Lynch to pay $15.2 million to thousands of customers it placed into pricey mutual fund shares when “substantially …

fa-mag.com

Merrill To Pay $1.5M In Restitution For Skirting No-fee Advisory ...

22 hours ago

Merrill has agreed to pay nearly $1.5 million in restitution to more than 1,300 clients for turning to its brokerage Merrill to pay $1.5M in restitution for skirting no-fee advisory options - …

theadvisertimes.com

Merrill Violated Reg BI With $1.5M In Avoidable Fees: FINRA

22 hours ago

Jul 5, 2024  · Merrill offered fee waivers on certain new-issue products when purchased in advisory accounts. ... Arbitration Against Barred Broker Edward Jones, Cambridge and Osaic …

thinkadvisor.com

Merrill To Pay $1.5M In Restitution For Skirting No-fee Advisory ...

22 hours ago

Jul 3, 2024  · Merrill has agreed to pay nearly $1.5 million in restitution to more than 1,300 clients for turning to its brokerage to sell products that could have been offered at no fee through its …

financial-planning.com

Merrill To Pay $1.5m Over Avoidable Fees, Reg BI Violations - Citywire

22 hours ago

Jul 8, 2024  · Finra found that Merrill brokerage reps recommended that clients buy fee-generating securities in brokerage accounts when the same products were eligible for fee waivers had …

citywire.com

Merrill To Reimburse Customers $15.2 Million For Mutual Fund …

22 hours ago

Jun 2, 2022  · In 2014, Merrill paid an $8 million fine and $24.2 million in restitution for suitability violations tied to selling Class A fund shares with sales charges to more than 30,000 accounts …

advisorhub.com

Merrill To Pay $1.5 Million After Brokers Sidestepped Payment …

22 hours ago

Jul 3, 2024  · The Monetary Trade Regulatory Authority censured Merrill Lynch and ordered it to pay $1.5 million to over 1,300 clients who Merrill to Pay $1.5 Million After Brokers Sidestepped …

topmoneygroup.com

Three Major Firms Must Repay $8.2M For Missed Mutual Fund Fee …

22 hours ago

The financial industry watchdog has now ordered these firms to pay back more than $8.2 million to customers who missed out on fee waivers and rebates they should have received. The story …

grcreport.com

FINRA Orders Merrill Lynch, Pierce, Fenner & Smith, Inc. To Pay …

22 hours ago

Jun 2, 2022  · FINRA announced today that it has ordered Merrill Lynch, Pierce, Fenner & Smith, Inc. to pay more than $15.2 million in restitution and interest t

businesswire.com

Merrill Asks Brokers To ‘Reestablish’ Value As Advisory Fees Dip …

22 hours ago

Nov 6, 2024  · Merrill to Pay $4.9 Million to Settle Overtime Suit From Salaried Advisors, Trainees ... The average fee that brokers charge on discretionary advisory accounts across all asset …

advisorhub.com

Managers Of Wealth Americas

22 hours ago

Jul 4, 2024  · Merrill to Pay $1.5 Million After Brokers Sidestepped Fee Waivers: Finra Legal, Regulation & Compliance . July 4, 2024. ... Merrill to Pay $1.5 Million After Brokers …

managersofwealth.com