The Financial Industry Regulatory Authority fined Merrill Lynch, Pierce, Fenner & Smith, Inc. $8 Million for failing to waive mutual fund sales charges for certain charities and retirement accounts. FINRA also ordered Merrill Lynch to pay $24.4 million in restitution to affected customers, in addition to $64.8 million the firm has already repaid to disadvantaged investors. For more info visit https://www.finra.org/media-center/news-releases/2014/finra-fines-merrill-lynch-8-million-over-89-million-repaid-retirement