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Articles Posted in Unit Investment Trust

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Bank of America Merrill Lynch to Settle UIT Sales-Related FINRA Charges for $2.5 Million

Bank of America Merrill Lynch has agreed to settle for $2.5 million Financial Industry Regulatory Authority allegations that it did not provide “sales charge discounts” to clients with eligible unit investment trusts purchases. By agreeing to settle, the broker-dealer is not admitting to or denying the charges. Of the $2.5…

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