Merrill Lynch

Merrill Lynch Fined $8M Over ADR Trades
Risk & Compliance

Merrill Lynch Fined $8M Over ADR Trades

"An entity like Merrill may not avoid liability by using another broker to obtain fraudulently issued ADRs on its behalf," the SEC says.
By Matthew Heller | March 25, 2019
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SEC Hit Record Enforcement Highs in 2016
Risk & Compliance

SEC Hit Record Enforcement Highs in 2016

The SEC broke records for single-year enforcement actions filed and total dollars gained from forfeitures.
By Sean Allocca | October 13, 2016
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Microsoft, BAML Team Up on Blockchain Project
Technology

Microsoft, BAML Team Up on Blockchain Project

“We thought this would be a good opportunity to streamline the way trade transactions are processed," Merrill says.
By Matthew Heller | September 27, 2016
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Merrill Lynch Fined $12M Over Flash Crashes
Risk Management

Merrill Lynch Fined $12M Over Flash Crashes

The SEC says Merrill's erroneous order controls were ineffective, causing the stock prices of 13 companies to fall sharply.
By Matthew Heller | September 27, 2016
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Merrill Lynch to Pay Record Customer Protection Fine
Risk & Compliance

Merrill Lynch to Pay Record Customer Protection Fine

The Bank of America unit violated broker-dealer rules that require customer cash and securities be safeguarded in case a firm fails.
By Matthew Heller | June 23, 2016
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Pharma Exec Shkreli Accused of Hedge Fund Fraud
Risk & Compliance

Pharma Exec Shkreli Accused of Hedge Fund Fraud

Martin Shkreli raided his pharmaceutical companies to cover up his hedge fund trading losses, said federal prosecutors.
By Matthew Heller | December 18, 2015
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Merrill Can’t Ditch Suit Over Advice to Zale
Risk & Compliance

Merrill Can’t Ditch Suit Over Advice to Zale

A Delaware judge finds investors may sue Merrill for failing to disclose a potential conflict during Zale's sale to Signet Jewelers.
By Matthew Heller | October 2, 2015
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SEC Fines Muni Bond Underwriters $9.3M
Risk & Compliance

SEC Fines Muni Bond Underwriters $9.3M

Major U.S. investment banks sold municipal bonds using offering documents that contained materially false statements or omissions, the SEC says.
By Matthew Heller | June 18, 2015
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Bank of America Gives Shareholders “Meaningful Access”
Risk & Compliance

Bank of America Gives Shareholders “Meaningful Access”

The financial institution becomes the latest to adopt proxy access rules at the urging of large pension funds.
By Katie Kuehner-Hebert | March 23, 2015
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King World All Talk?
Corporate Finance

King World All Talk?

Perpetually on the verge of mulling an acquisition, King World insists it's a serious player.
By Joseph McCafferty | March 1, 1999
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