WebJul 24, 2024 · In the mid 90s, FINRA’s predecessor, the NASD, issued two Notice to Members discussing mutual fund switching. In NTM 94-16, members were reminded of their obligation to “ensure that all recommendations to switch mutual funds are evaluated with regard to the net investment advantage to the investor.” This continues to be the … WebJan 2, 2024 · Finra Fines Cambridge Investment for ... alerts about short-term trading in UITs and mutual fund Class A shares over 18 months in 2013 and 2014, but its “principals did not reject a single ...
Merrill Lynch settles FINRA case on UIT sales for $11.7M Financial ...
WebOct 26, 2024 · Mutual fund transactions incur short-term or long-term capital gains tax. Switching funds or schemes is redemption. Suppose you go from regular to direct. The … WebOct 25, 2024 · During FINRA’s review, NYLIFE Securities voluntarily enhanced the firm’s procedures and controls concerning mutual fund and cross-product switching; … harp31st twitter
FINRA imposes $200,000 fine on NYLIFE Securities
WebJun 27, 2014 · The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to educate investors about transferring an investment account from one investment firm to another and to provide tips on how to avoid problems and delays. Investors transfer their investment accounts for many reasons. Their broker or investment adviser may ... WebFINRA Email Subscription Service http://securities.mikameyers.com/mutual-fund-switching/ harp 2 refinance rules