FINRA Fines Merrill Lynch for Failing to Waive Charity and Retirement Account Mutual Fund Sales Charges

FINRA announced that it fined Merrill Lynch, Pierce, Fenner Smith, Inc. ("Merrill Lynch") for failing to waive mutual fund sales charges, as it had promised to do previously, for certain charities and retirement accounts.

See: FINRA News Release; FINRA Letter of Acceptance, Waiver and Consent.