Merrill Lynch, Raymond James pay $12 million to FINRA

By | November 18th, 2019|Categories: Uncategorized|Tags: , , , |

Customers who incurred excess fees on their 529 plans through Merrill Lynch, Pierce, Fenner & Smith, Raymond James & Associates, Inc., and Raymond James Financial Services, Inc. will receive approximately $12 million in restitution. The move comes after the Financial Industry Regulatory Authority announced on November 6, 2019, that the firms Merrill Lynch and Raymond [...]