Regulation
Merrill, Wells Fargo to Pay $4.4M Over Commissions
State securities regulators found the firms charged unreasonable commissions on more than 256,000 small-dollar trades.
Summary as published by ThinkAdvisor
More on Merrill
Merrill hub →NASAA · Oct 15, 11:00 AM ET
NASAA Announces Settlement with Wells Fargo and Merrill Lynch Over Excessive Commissions on Small-Dollar TradesRIABiz · Sep 29, 6:35 AM ET
Merrill Lynch creates hefty new 'data' and 'shelf' fees and offers third-party managers who pay them a leg up when its 'thundering herd' recommends investments – but stops short of leveling the playing field, analysts say
More on Wells Fargo
Wells Fargo hub →NASAA · Oct 15, 11:00 AM ET
NASAA Announces Settlement with Wells Fargo and Merrill Lynch Over Excessive Commissions on Small-Dollar TradesFinancial Advisor Magazine · Sep 30, 5:44 AM ET
Wells Fargo FiNet Adds Former UBS Team In Ohio Managing $1.3B
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