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Violation Tracker Individual Record

Company: Merrill Lynch
Current Parent Company: Bank of America
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $10,000,000
Year: 2011
Date: January 25, 2011
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Merrill Lynch, Pierce, Fenner & Smith agreed to pay $10 million to settle allegations of securities fraud for misusing customer order information to place proprietary trades for the firm and for charging customers undisclosed trading fees.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: North Carolina
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.