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SEC Charges Merrill Lynch for Failing to Disclose Foreign Exchange Fees to Clients

  • Written by Newsfile

Washington, D.C.--(Newsfile Corp. - April 3, 2023) - The Securities and Exchange Commission today charged Merrill Lynch, Pierce, Fenner & Smith Incorporated for charging advisory clients more than $4 million in undisclosed foreign exchange fees for transfers to or from their accounts. To settle the charges, Merrill Lynch has agreed to pay...