| Merrill Lynch, Pierce, Fenner & Smith Inc. | Bank of America | financial services | anti-money-laundering deficiencies | 2023 | $6,000,000 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | Bank of America | financial services | investor protection violation | 2019 | $280,000 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | Bank of America | financial services | investor protection violation | 2019 | $4,000,000 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | Bank of America | financial services | investor protection violation | 2017 | $1,400,000 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | Bank of America | financial services | investor protection violation | 2014 | $2,440,000 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | Bank of America | financial services | investor protection violation | 2013 | $2,000,000 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | Bank of America | financial services | investor protection violation | 2004 | $250,000 |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | Bank of America | financial services | investor protection violation | 2016 | $5,000,000 |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | Bank of America | financial services | investor protection violation | 2014 | $32,400,000 |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | Bank of America | financial services | investor protection violation | 2014 | $1,000,000 |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | Bank of America | financial services | investor protection violation | 2012 | $2,800,000 |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | Bank of America | financial services | investor protection violation | 2009 | $150,000 |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | Bank of America | financial services | investor protection violation | 2008 | $200,000 |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | Bank of America | financial services | investor protection violation | 2004 | $1,600,000 |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | Bank of America | financial services | investor protection violation | 2001 | $15,000 |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | Bank of America | financial services | investor protection violation | 2000 | $97,000 |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | Bank of America | financial services | investor protection violation | 2021 | $11,650,000 |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | Bank of America | financial services | investor protection violation | 2022 | $15,200,000 |
| Merrill Lynch, Pierce, Fenner and Smith Inc. | Bank of America | financial services | investor protection violation | 2016 | $2,800,000 |
| MetLife Securities, Inc | MetLife | financial services | investor protection violation | 2006 | $500,000 |
| MetLife Securities, Inc. | MetLife | financial services | investor protection violation | 2016 | $25,000,000 |
| MetLife Securities, Inc. | MetLife | financial services | investor protection violation | 2015 | $649,748 |
| MetLife Securities, Inc. | MetLife | financial services | investor protection violation | 2009 | $1,200,000 |
| MetLife, Inc. | MetLife | financial services | investor protection violation | 2006 | $5,000,000 |
| Metropolitan Investment Securities, Inc. | | | investor protection violation | 2003 | $4,300,000 |
| Metropolitan Life Insurance Co. | MetLife | financial services | investor protection violation | 2004 | $375,000 |
| Mid-Atlantic Capital Corporation | | | investor protection violation | 2004 | $10,000 |
| Miller Tabak Roberts Securities, LLC | | | investor protection violation | 2004 | $5,000,000 |
| MML Investor Services, Inc. | Massachusetts Mutual Life Insurance | financial services | investor protection violation | 2004 | $250,000 |
| MML Investors Services, Inc. | Massachusetts Mutual Life Insurance | financial services | investor protection violation | 2007 | $473,000 |
| Momentum Securities, LLC | | | investor protection violation | 2001 | $75,000 |
| Monex Securities Inc. | | | investor protection violation | 2014 | $1,275,000 |
| Morgan Stanley | Morgan Stanley | financial services | investor protection violation | 2012 | $817,754 |
| Morgan Stanley | Morgan Stanley | financial services | investor protection violation | 2006 | $2,900,000 |
| Morgan Stanley & Co. | Morgan Stanley | financial services | investor protection violation | 2009 | $7,200,000 |
| Morgan Stanley & Co. | Morgan Stanley | financial services | investor protection violation | 2007 | $12,500,000 |
| Morgan Stanley & Co. | Morgan Stanley | financial services | investor protection violation | 2005 | $2,650,000 |
| Morgan Stanley & Co. Inc. | Morgan Stanley | financial services | investor protection violation | 2004 | $5,390,000 |
| Morgan Stanley & Co. Inc. | Morgan Stanley | financial services | investor protection violation | 2000 | $200,000 |
| Morgan Stanley & Co. Inc. and Morgan Stanley Smith Barney LLC | Morgan Stanley | financial services | investor protection violation | 2011 | $1,371,000 |
| Morgan Stanley & Co. Incorporated | Morgan Stanley | financial services | investor protection violation | 2006 | $200,000 |
| Morgan Stanley & Co. Incorporated | Morgan Stanley | financial services | investor protection violation | 2002 | (*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $1,650,000 |
| Morgan Stanley & Co. LLC | Morgan Stanley | financial services | investor protection violation | 2015 | $2,000,000 |
| Morgan Stanley & Co., Inc. | Morgan Stanley | financial services | investor protection violation | 2010 | $800,000 |
| Morgan Stanley & Co., Inc. | Morgan Stanley | financial services | investor protection violation | 2000 | $495,000 |
| Morgan Stanley & Co., LLC | Morgan Stanley | financial services | investor protection violation | 2014 | $4,000,000 |
| Morgan Stanley & Co., LLC | Morgan Stanley | financial services | investor protection violation | 2012 | $2,146,431 |
| Morgan Stanley DW Inc | Morgan Stanley | financial services | investor protection violation | 2004 | $336,510 |
| Morgan Stanley DW Inc. | Morgan Stanley | financial services | investor protection violation | 2007 | $6,100,000 |
| Morgan Stanley DW Inc. | Morgan Stanley | financial services | investor protection violation | 2006 | $100,000 |
| Morgan Stanley DW Inc. | Morgan Stanley | financial services | investor protection violation | 2004 | $2,200,000 |
| Morgan Stanley DW Inc. | Morgan Stanley | financial services | investor protection violation | 2004 | $250,000 |
| Morgan Stanley DW Inc. | Morgan Stanley | financial services | investor protection violation | 2004 | $38,312 |
| Morgan Stanley DW Inc. | Morgan Stanley | financial services | investor protection violation | 2003 | (*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $50,000,000 |
| Morgan Stanley DW Inc. | Morgan Stanley | financial services | investor protection violation | 2003 | $2,000,000 |
| Morgan Stanley DW, Inc. | Morgan Stanley | financial services | investor protection violation | 2005 | $6,100,000 |
| Morgan Stanley Smith Barney LLC | Morgan Stanley | financial services | investor protection violation | 2019 | $280,000 |
| Morgan Stanley Smith Barney LLC | Morgan Stanley | financial services | anti-money-laundering deficiencies | 2018 | $10,000,000 |
| Morgan Stanley Smith Barney LLC | Morgan Stanley | financial services | investor protection violation | 2017 | $13,030,000 |
| Morgan Stanley Smith Barney LLC | Morgan Stanley | financial services | investor protection violation | 2014 | $5,000,000 |
| Morgan Stanley Smith Barney LLC | Morgan Stanley | financial services | investor protection violation | 2024 | $1,600,000 |
| Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. LLC | Morgan Stanley | financial services | investor protection violation | 2013 | $1,188,000 |
| Morgan Stanley Smith Barney, LLC | Morgan Stanley | financial services | investor protection violation | 2015 | $650,000 |
| Multi-Financial Securities Corporation | | | investor protection violation | 2009 | $150,000 |
| Mutual Service Corporation | | | investor protection violation | 2009 | $1,500,000 |
| Mutual Service Corporation | | | investor protection violation | 2005 | $1,300,000 |
| Mutual Service Corporation, Inc. | | | investor protection violation | 2001 | $35,000 |
| NatCity Investments, Inc. | | | investor protection violation | 2009 | $300,000 |
| National Financial Services | | | investor protection violation | 2010 | $350,000 |
| National Financial Services, L.L.C. | | | investor protection violation | 2001 | $30,000 |
| National Planning Corp. | | | investor protection violation | 2004 | $100,000 |
| National Planning Corporation Inc. | | | investor protection violation | 2005 | $1,308,000 |
| National Securities Corp. | | | investor protection violation | 2004 | $600,000 |
| National Securities Corporation | | | investor protection violation | 2011 | $175,000 |
| National Securities Corporation | | | investor protection violation | 2009 | $25,000 |
| National Securities Corporation | | | investor protection violation | 2005 | $85,000 |
| Nationwide Investment Services Corporation | | | investor protection violation | 2004 | $175,000 |
| NDB Capital Markets LP | | | investor protection violation | 2001 | $250,000 |
| NDB Capital Markets, LP | | | investor protection violation | 2001 | $75,000 |
| Needham & Company LLC | | | investor protection violation | 2014 | $2,500,000 |
| Needham & Company, LLC | | | investor protection violation | 2008 | $200,000 |
| New England Securities | MetLife | financial services | investor protection violation | 2009 | $500,000 |
| New England Securities | MetLife | financial services | investor protection violation | 2004 | $200,000 |
| Newbridge Securities Corporation | | | investor protection violation | 2011 | $25,000 |
| Newedge USA, LLC | | | investor protection violation | 2013 | $9,500,000 |
| NEXT Financial Group, Inc. | Atria Wealth Solutions | financial services | investor protection violation | 2011 | $2,050,000 |
| NEXT Financial Group, Inc. | Atria Wealth Solutions | financial services | investor protection violation | 2009 | $1,000,000 |
| Northern Trust Securities | Northern Trust | financial services | investor protection violation | 2011 | $600,000 |
| Northwestern Mutual Investment Services, LLC | Northwestern Mutual | financial services | investor protection violation | 2009 | $200,000 |
| Northwestern Mutual Investment Services, LLC | Northwestern Mutual | financial services | investor protection violation | 2007 | $100,000 |
| Nuveen Investments, LLC | TIAA | financial services | investor protection violation | 2011 | $3,000,000 |
| NYLIFE Securities LLC | New York Life Insurance | financial services | investor protection violation | 2007 | $354,000 |
| NYLife Securities, Inc. | New York Life Insurance | financial services | investor protection violation | 2004 | $350,000 |
| Olympus Securities, LLC | | | investor protection violation | 2010 | $20,000 |
| Open to the Public Investing, Inc. | | | investor protection violation | 2023 | $528,124 |
| Oppenheimer & Co. | Oppenheimer Holdings | financial services | investor protection violation | 2008 | $4,500,000 |
| Oppenheimer & Co. Inc. | Oppenheimer Holdings | financial services | investor protection violation | 2019 | $4,600,000 |
| Oppenheimer & Co. Inc. | Oppenheimer Holdings | financial services | investor protection violation | 2016 | $3,425,000 |
| Oppenheimer & Co. Inc. | Oppenheimer Holdings | financial services | investor protection violation | 2016 | $2,966,000 |
| Oppenheimer & Co. Inc. | Oppenheimer Holdings | financial services | investor protection violation | 2015 | $3,750,000 |
| Oppenheimer & Co. Inc. | Oppenheimer Holdings | financial services | investor protection violation | 2007 | $1,000,000 |
