{"id":78625,"date":"2021-06-28T00:48:42","date_gmt":"2021-06-28T04:48:42","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=78625"},"modified":"2021-06-28T00:54:47","modified_gmt":"2021-06-28T04:54:47","slug":"bank-of-america-to-pay-11-7-mln-over-excessive-sales-charges-us-regulator","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2021\/bank-of-america-to-pay-11-7-mln-over-excessive-sales-charges-us-regulator.html","title":{"rendered":"Bank of America to pay $11.7 mln over excessive sales charges&#8211;US regulator"},"content":{"rendered":"\n<p>(CNBC) Bank of America Corp&#8217;s <a rel=\"noreferrer noopener\" href=\"https:\/\/www.reuters.com\/companies\/BAC.N\" target=\"_blank\">(BAC.N)<\/a> Merrill Lynch unit will pay nearly $11.7 million to resolve claims that it overcharged customers who invested in unit investment trusts. The payout includes a $3.25 million fine and $8.44 million of restitution, according to the Financial Industry Regulatory Authority. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.reuters.com\/business\/finance\/bank-america-unit-pay-117-mln-settle-charges-over-unit-investment-trusts-2021-06-25\/\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Bank of America Corp&#8217;s (BAC.N) Merrill Lynch unit will pay nearly $11.7 million to resolve claims that it overcharged customers who invested in unit investment trusts. The payout includes a $3.25 million fine and $8.44 million of restitution, according [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-78625","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=78625"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78625\/revisions"}],"predecessor-version":[{"id":78626,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78625\/revisions\/78626"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=78625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=78625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=78625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}