
Merrill Lynch agreed to pay $30,000 in costs and set up a fund with $25,900,000 in settlement of allegations it failed to supervise an investment adviser and sold unsuitable life insurance policies for pre-need funeral contracts. The fund was for reimbursement of commissions paid and to offset losses or costs suffered by the pre-need life insurance trust and its beneficiaries. For more info visit https://www.ilsos.gov/adminactionssearch/adminactionssearch?command=viewPDF&itemId=92%203%20ICM7%20PRODCMZ13%20SE_AA_MgtView59%2026%20A1001001A12K13A92608A9734818%20A12K13A92608A973481%2014%201051