FINRA Orders Merrill Lynch To Pay More Than $2.5 Million Related To Unit Investment Trust (UIT) Charge Discount Failure

This month, FINRA announced that it fined Merrill Lynch $500,000 and ordered the firm to pay over $2 million in restitution to its customers for failing to provide them with sales charge discounts on eligible purchases of Unit Investment Trusts (UITs). A UIT is a type of investment company that offers redeemable units that terminate…

Fort Worth Star Telegram Lists The Retirement Challenge, A Book Co-Authored By Jason Doss As A Good Book To Guide Consumers Through Retirement Planning

The Doss Firm is proud to announce that the Fort Worth Star Telegram listed The Retirement Challenge: Will You Sink Or Swim?, as a good book to help guide consumers through retirement planning. Jason R. Doss, an attorney with the firm, co-authored the book with Frank Armstrong, a best selling writer and well respected investment…

Study Reveals That Investors Trust Their Financial Advisors: Not Shocking? Wall Street Thinks So.

In July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act went into effect. The federal legislation requires the Securities Exchange Commission to conduct a study by January 2011 to determine whether a fiduciary standard, which requires financial advisors to put their clients’ interests first, should be applied to all financial professionals giving personalized…

FINRA Orders Atlanta-based SunTrust Investment Services To Pay $1.44 Million For Recommending Unsuitable UIT, Closed-End Fund and Mutual Funds To Elderly Investors

Last month, FINRA, the organization that regulates the securities industry, ordered SunTrust Investment Services of Atlanta, Georgia to pay $1.44 million to resolve charges related to the unsuitable recommendations of unit investment trusts, closed-end funds and mutual fund investments sold to some of its elderly and disabled clients. Of that amount, $900,000 is a fine…