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Wells Fargo, Merrill Lynch and SEC

Wells Fargo firms, Merrill Lynch to pay $60 mln to settle SEC charges

The U.S. Securities and Exchange Commission (SEC) on Friday said a pair of Wells Fargo Advisory firms and Merrill Lynch have agreed to pay a combined $60 million in civil penalties to settle charges over compliance failures.

WealthManagement.com · 1d

Wells Fargo, Merrill Lynch Pay $60M to Settle Cash Sweep Charges

The yield differential between the firms' bank deposit sweep programs and other alternatives was nearly 4% higher, according to SEC claims.

Financial Advisor · 1d

Wells Fargo, Merrill Fined $60M For Low Cash Sweep Rates, SEC Says

The firms failed to consider the best interests of clients when selecting cash sweep programs, the agency said.

Reuters on MSN · 2d

Wells Fargo firms, Merrill Lynch to pay $60 million to settle SEC charges

Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. Securities and Exchange Commission charges over compliance failures, the regulator said on Friday.

Business Insider · 2d

Wells Fargo advisory firms, Merrill Lynch to pay $60M to settle SEC charges

The Securities and Exchange Commission on Friday announced settled charges against registered investment advisers Wells Fargo Clearing Services

Financial Planning · 1d

Wells Fargo, Merrill settle SEC 'sweeps' probe for $60M

Regulators took the wirehouses to task for not having policies directing advisors to consider clients' best interests.

Pensions&Investments1y

Merrill Lynch

A major battle is brewing between big brokerage firms, busy developing new markets, and large securities and futures exchange groups in a rivalry likely to benefit asset managers by lowering ...

10don MSN

Bank of America’s Merrill Wants to Serve More Ultrawealthy Clients. Here’s How.

The company is creating a new team of specialists to better connect advisors and their rich clients with other parts of Bank ...

Hosted on MSN7mon

Fugitive Former Merrill Lynch Advisor Indicted for Alleged $2.7 Million Fraud

The Justice Department is accusing Jared Eakes of contacting other advisors who were exploring the sale of their practice through an online marketplace ... broker with Merrill Lynch from 2017 ...

Investopedia7y

Merrill Edge Review

As an online brokerage, Merrill Edge offers a comprehensive ... Merrill Edge uses the Bank of America Merrill Lynch (BofAML) smart order router. The smart order router looks for displayed ...

Financial Advisor11d

Merrill Launches Advisor Group To Focus On Ultrarich Clients

Merrill Lynch is giving increased attention to its growing base of uber-rich clients. The bank’s wealth business, Merrill Wealth Management, has launched an advisory group that will team up with ...

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