Unit Investment Trusts

Posts In Unit Investment Trusts

McDermott Investment Advisors Loses to SEC in Court, Held Liable for Fraud Against UIT Clients Jul 14
Regulators prevailed in a federal trial against McDermott Investment Advisors, with a US District ...
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Royal Alliance Associates, Sagepoint Financial & FSC Securities Sanctioned for Supervisory Failures; SagePoint Cited for Failing to Monitor Known Problem Brokers Jan 14
FINRA fined and censured three Advisor Group, Inc. subsidiaries—Royal Alliance Associates, Sagepoint ...
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Merrill Lynch to Pay $11.7 Million Over Unit Investment Trust (UIT) Supervisory Failures Jul 16
FINRA ordered Merrill Lynch to pay over $11 million in fines and restitution for supervisory ...
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FINRA Cracks Down on Unit Investment Trust (UIT) Short-Term Trading Abuse at Stifel, Nicolaus & Company Nov 27
FINRA continued its campaign against unsuitable short-term sales of unit investment trusts (UITs) by ...
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Wells Fargo Variable Annuity Supervision Violations Net $2 Million in Fines and Restitution Sep 03
FINRA ordered Wells Fargo Advisors Financial Network and Wells Fargo Clearing Services to pay more ...
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Oppenheimer, Already Sanctioned $3.8 Million, Sees Broker Penalized for Premature & Unsuitable UIT Sales & Trades Aug 04
In January 2020, FINRA ordered Oppenheimer & Co. to pay $3.8 million in restitution and fines for ...
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