"An entity like Merrill may not avoid liability by using another broker to obtain fraudulently issued ADRs on its behalf," the SEC says.
The SEC broke records for single-year enforcement actions filed and total dollars gained from forfeitures.
“We thought this would be a good opportunity to streamline the way trade transactions are processed," Merrill says.
The SEC says Merrill's erroneous order controls were ineffective, causing the stock prices of 13 companies to fall sharply.
The Bank of America unit violated broker-dealer rules that require customer cash and securities be safeguarded in case a firm fails.
Martin Shkreli raided his pharmaceutical companies to cover up his hedge fund trading losses, said federal prosecutors.
A Delaware judge finds investors may sue Merrill for failing to disclose a potential conflict during Zale's sale to Signet Jewelers.
Major U.S. investment banks sold municipal bonds using offering documents that contained materially false statements or omissions, the SEC says.
The financial institution becomes the latest to adopt proxy access rules at the urging of large pension funds.
During the financial crisis the firm's share price fell by almost 100 percent. Its CFO tells a tale of survival.
Perpetually on the verge of mulling an acquisition, King World insists it's a serious player.
