Top Legal Stories
Merrill Lynch, Pierce, Fenner & Smith fined $2.8 million for supervisory failures
By Paula Aven GladychThe Financial Industry Regulatory Authority (FINRA) fined Merrill Lynch, Pierce, Fenner & Smith, Inc. $2.8 million for supervisory failures that resulted in overcharging customers $32 million in unwarranted fees, and for failing to provide certain required trade notices.