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.
SEC Hit Record Enforcement Highs in 2016
The SEC broke records for single-year enforcement actions filed and total dollars gained from forfeitures.
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.
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.
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.
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.
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.
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.
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.
How The Hartford Was Saved from the Brink
During the financial crisis the firm's share price fell by almost 100 percent. Its CFO tells a tale of survival.