Finra slapped Bank of America Merrill Lynch with an $8 million fine and ordered the wirehouse to pay a total of $89 million in restitution for failing to waive mutual fund sales charges for certain charities and retirement accounts. Most of the mutual funds on Merrill...
An article from the June 30, 2008 Businessweek on how stockbrokers’ misconducts are handled. Download only_deal_or_no_deal_finra.pdf
Here is a link to FINRA’s Home Page .