• FINRA fines Bank of America $8 million

    Updated:

    The Financial Industry Regulatory Authority has fined Bank of America's Merrill Lynch unit for $8 million.

    F.I.N.R.A. said the company failed to waive charges for mutual fund sales for some charities and retirement accounts.

    The regulator has ordered Merrill Lynch to pay back $24.4 million to affected customers.

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