Posts Tagged ‘right of reinstatement’
Merrill Lynch Mutual Fund Customers Will Recoup Excessive Fees in $7.2 Million Order
On June 4, 2020, FINRA, the Financial Industry Regulatory Authority, announced that it has ordered Merrill Lynch to pay $7.2 million to investors who were charged excessive fees in connection with mutual fund transactions, according to Financial Advisor IQ. The self-regulatory authority is calling this the “largest restitution case in 2020 to date.” Why must…
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