Merrill Lynch Sale of GM Notes Results in $1.9M Fine Over Unfair Pricing
Merrill Lynch faces $2.5 million in fines and restitution for buying GM notes from customers at below fair prices.
Merrill Lynch faces $2.5 million in fines and restitution for buying GM notes from customers at below fair prices.
Merrill Lynch has been fined $1.05 million by a regulatory agency for overcharging customers on nonconvertible preferred securities, and the brokerage firm has been ordered to pay more than $323,000…
After an arbitration panel awarded more than $10 million to two former Merrill Lynch brokers in a deferred compensation lawsuit, the brokerage firm may face hundreds, or even thousands, of…