References in periodicals archive ?
However, at various times since at least January 2006, Merrill Lynch did not waive the sales charges for affected customers when it offered class A shares.
The Notice reminds broker-dealers that they should develop and implement procedures to ensure customers receive appropriate sales charge discounts for UITs.
True "no-load" funds will not have sales charges or 12b-1 fees.
5 February 2014 -- Canadian financial services firm Manulife Financial's (TSX: MFC) (NYSE: MFC) John Hancock Investments unit said it is reducing sales charges for class A shares on 16 fixed-income funds, including the elimination of the front-end sales charges on the John Hancock Floating Rate Income Fund (class A: JFIAX) and the John Hancock Short Duration Credit Opportunities Fund (class A: JMBAX) for investments of USD 250,000 or more.
Among recent enforcement actions by the Financial Industry Regulatory Authority were the censure and fine of two firms for failing to appropriately discount sales charges of unit investment trusts.
failed to waive mutual fund sales charges for eligible charitable organizations and retirement accounts.
Wells Fargo Advisors, Wells Fargo Advisors Financial Network (FiNet), Raymond James & Associates, Raymond James Financial Services and LPL Financial agreed Monday to pay more than $30 million in restitution, including interest, to affected customers for failing to waive mutual fund sales charges for certain charitable and retirement accounts.