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Monthly Archives: June 2013

Merrill Lynch and Wells Fargo Fined

By Tom Costello of Costello Law Group The Financial Industry Regulatory Authority (FINRA) fined both Wells Fargo and Merrill Lynch $2.15 million for the unsuitable recommendation and sale of mutual funds known as “floating-rate bank loan funds.” Not only were Merrill Lynch and Wells Fargo ordered to pay a hefty fine, FINRA also […]

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