FINRA Whacks Wells Fargo, Merrill Lynch $5M Over Unsuitable Floating-Rate Bank Loan Funds
Firms were fined $2.15 million and ordered to pay $3 million in restitution to customers for losses incurred from unsuitable sales of floating-rate bank loan funds.
FINRA Fines Wells Fargo $2M on Sales to Elderly
FINRA announced Thursday that it has fined Wells Fargo Investments $2 million over sales of unsuitable reverse convertibles to the elderly and a failure to provide breakpoints on unit investment trust sales.
3 Reps Get $3 Million in NASD Case
Upon leaving Merrill Lynch in 2003, three advisors say they joined Banc of America Investment Services -- and moved with their families from the Cleveland...
Customer service--true customer service such as returning phone calls in a timely manner or simply being polite and thoughtful or providing innovative solutions to problems--is...
NASD Levies Fines of $34 Million on 15 Broker/Dealers for Shelf Space Violations
Part of effort to remove conflicts of interest