Merrill Lynch revises mutual fund compensation ahead of Reg BI
The brokerage will level the pay its advisers receive for the sale of some share classes, among other changes
Merrill Lynch is taking steps to reform compensation practices and trim product offerings to comply with a higher investment advice standard for brokers set to go into force this summer — moves that one advocate said don’t go far enough to protect investors.
The brokerage will level the pay
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