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  · 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

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

3 weeks from now

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 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 Lynch To Reimburse Customers $1.5 Million Over Avoidable …

3 weeks from now

Jul 3, 2024  · “Merrill Lynch offers customers a 12-month waiver of otherwise-applicable advisory fees on certain new-issue ... Finra has mandated Merrill Lynch to pay restitution of $1,486,380 …

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

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

3 weeks from now

Jul 12, 2024  · Merrill Lynch did not admit or deny the findings but agreed to a censure and to pay restitution of $1,486,380 plus interest to the 1,361 unique customers identified by the firm. …

securitieslaw.com

FINRA Orders Merrill Lynch To Pay Nearly $1.5 Million In …

3 weeks from now

Jul 5, 2024  · As a result of these supervisory failures, customers holding more than 2,000 accounts paid nearly $1.5 million in avoidable fees. The issue arose from Merrill Lynch’s …

thediwire.com

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

3 weeks from now

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

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

3 weeks from now

Jul 2, 2024  · Finra said Monday that because of those lapses Merrill had to pay restitution of $1,486,380, as well as interest, to 1,361 different customers. ... in the form of advisory fees …

fa-mag.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 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

3 weeks from now

Jul 5, 2024  · Merrill's failure to stop its reps from dodging fee waivers affected 1,361 clients, according to FINRA. Merrill Violated Reg BI With $1.5M in Avoidable Fees: FINRA Tax Facts …

thinkadvisor.com

Merrill Lynch Resolves Mutual Fund Overcharging Case

3 weeks from now

Jun 2, 2022  · U.S. regulators ordered brokerage firm Merrill Lynch Pierce Fenner & Smith Inc. to pay US$15.2 million in restitution to clients who were put into a pricier category of mutual …

investmentexecutive.com

Merrill Lynch To Pay $15 Million In Restitution To Settle FINRA …

3 weeks from now

Jun 6, 2022  · The Financial Industry Regulatory Authority has censured and ordered Merrill Lynch to pay approximately $15.2 million ($13.4 million, plus interest) in

thediwire.com

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

3 weeks from now

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 Told To Pay $9.5M After Not Disclosing Fees - ETF.com

3 weeks from now

Apr 5, 2023  · Defrauded advisory clients won’t receive restitution from Merrill for at least eight months. The firm has 90 days to submit its calculations to the SEC and then another 30 days …

etf.com

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

3 weeks from now

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

3 weeks from now

Nov 6, 2024  · A separate slide that the Merrill executives used in their comparison said that its average advisory fee started at around 1.19% for small households and tiered down to 0.53% …

advisorhub.com

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

3 weeks from now

Jul 3, 2024  · FINRA's settlement with Merrill gives the wirehouse credit for "extraordinary cooperation" with its investigation.

hey-market.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