Federal Regulation
Osaic to Pay $1.6M Over Unit Investment Trusts
By Melanie WaddellAmerican Portfolios, a former unit, failed to supervise recommendations that customers sell before maturity, FINRA states.
December 13, 2021
FINRA Caps Off UIT Rollover Sweep With $2M Fine on Wells Fargo UnitThe sweep, which began in 2019, yielded more than $23 million in fines and restitution, FINRA said.
June 25, 2021
Merrill to Pay More Than $11M Over UIT RolloversOver 3,000 clients incurred potentially excessive sales charges in connection with early UIT rollovers, FINRA says.