FINRA Wallops Merrill: $8M Fine, $24M in Restitution for Overbilling Charities, Small Businesses
Merrill sold the retirement plans more costly mutual fund share classes and failed to waive sales fees, FINRA said.
Roth Replaces RCAP’s Brown as Schorsch Defends Move
Schorsch tells ThinkAdvisor that he adamantly denies allegations that RCAP is turning into an "ole boys' club" as the respected Valerie Brown leaves Cetera.
BondDesk Sets All-Time Record for Muni Bond Trading Volume
The record came on the heels of the largest three-day increase in yields since April 1987.
Top Portfolio Products: Ultra Short-Term Bond Fund From T. Rowe
BNY Mellon and OTC Markets Group roll out new ADR index; Invesco PowerShares lists S&P 500 Downside Hedged ETF.