The Securities and Exchange Commission says that the wealth management firm’s internal monitoring system failed to flag numerous transactions that should have produced suspicious activity reports.
As a subsidiary of Bank of America, Merrill uses a BofA software program to monitor and report suspicious activity. For years ...
Merrill Lynch, BofA's brokerage arm, hit with $7.5M SEC fine over missed suspicious activity reports
The SEC's order, issued Monday, found that Merrill Lynch, Pierce, Fenner & Smith Incorporated willfully violated Section 17(a ...
By Jonathan Stempel June 29 (Reuters) - The U.S. Securities and Exchange Commission fined Bank of America's Merrill Lynch ...
Retirees and would-be retirees have thousands of retirement accounts to choose from to fund their golden years. One retirement account that stands out is offered by one of the most prestigious wealth ...
Merrill Lynch Wealth Management made changes for its force of financial advisors this year as it navigates some advisor exits, a fierce competitive environment, and a newly reorganized training ...
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