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

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

3 weeks from now

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

3 weeks from now

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

Merrill Lynch Agrees To Settle Allegations Of 1.5 Million

3 weeks from now

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

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

3 weeks from now

M errill Lynch has agreed to pay nearly $1.5 million to settle allegations that representatives of the firm executed transactions on behalf of more than 1,300 customers that resulted in ...

msn.com

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

3 weeks from now

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 In Restitution For Skirting No-fee Advisory ...

3 weeks from now

Merrill has agreed to pay nearly $1.5 million in restitution to more than 1,300 clients for turning to its brokerage ... Best Interest conduct standard and the previous suitability standard over its …

theadvisermagazine.com

Merrill Told To Pay $9.5M After Not Disclosing Fees - Yahoo Finance

3 weeks from now

Apr 5, 2023  · The brokerage firm Merrill Lynch Pierce Fenner & Smith, known now as Merrill, has agreed to pay disgorgement, prejudgment interest and a civil penalty totaling more than $9.5 …

yahoo.com

Merrill To Pay $1.5 Million After Brokers Sidestepped Payment …

3 weeks from now

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

Finra: Merrill Lynch To Repay Clients $15 Million For Share-Class ...

3 weeks from now

Industry regulator Finra ordered Merrill Lynch to pay more than $15.2 million to resolve allegations that it placed clients in costly shares of mutual funds when cheaper shares of the same funds ...

barrons.com

Merrill To Pay Clients $15M For Share Class Violations - ThinkAdvisor

3 weeks from now

Jun 2, 2022  · FINRA ordered the firm to pay restitution and interest to thousands of customers related to Class C shares sold over a six-year period. Merrill to Pay Clients $15M for Share …

thinkadvisor.com

Merrill Settles Broker Compensation Suit-filing | Reuters

3 weeks from now

Aug 22, 2012  · Approval of the settlement could be a major step toward resolving claims from many of the 3,300 brokers who left Merrill after the BofA deal. ... to pay $10.2 million to two …

reuters.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

Managers Of Wealth Americas

3 weeks from now

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

managersofwealth.com

Morgan Stanley To Pay $15 Million For Missing Signs Brokers Were ...

3 weeks from now

Dec 9, 2024  · In 2018, Morgan Stanley agreed to a censure and to pay $3.6 million to settle allegations that it failed to detect the theft of around $7 million by New Jersey broker Barry F. …

advisorhub.com

Managers Of Wealth Americas

3 weeks from now

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

managersofwealth.com

SEC Charges Pair Of Wells Fargo Advisory Firms And Merrill Lynch …

3 weeks from now

Jan 17, 2025  · The firms agreed to settle the SEC’s charges and pay $60 million in total civil penalties. According to the SEC’s orders, Wells Fargo Advisors and Merrill Lynch offered bank …

sec.gov

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

SEC Slams Wells Fargo, Merrill With $60 Million In Penalties Over ...

3 weeks from now

Jan 17, 2025  · Wells Fargo Clearing Services agreed to pay a civil penalty of $28 million; Wells Fargo Advisors Financial Network, or FiNet, agreed to pay a civil penalty of $7 million; and …

investmentnews.com

Finra Complaint Broker Dealer: Holding Firms Accountable - CGAA

3 weeks from now

FINRA requires broker-dealers to pay restitution to harmed customers. For example, Joseph Stone Capital was ordered to pay $1 million in restitution, while Merrill Lynch, Pierce, Fenner & …

cgaa.org

Wells Fargo, Merrill Settle SEC 'sweeps' Probe For $60M

3 weeks from now

Jan 17, 2025  · Of the $60 million in total fines announced Friday, Merrill owes $25 million, and two Wells' subsidiaries — Wells Fargo Clearing Services and Wells Fargo Advisors Financial …

financial-planning.com

Equifax Ordered To Pay $15 Million: Here's What Consumers …

3 weeks from now

4 days ago  · The Consumer Financial Protection Bureau (CFPB) announced on Jan. 17, 2025, that Equifax, one of the three major credit bureaus, must pay a $15 million penalty for not …

usnews.com