Violation Tracker Individual Record
Date:January 25, 2011
Primary Offense:investor protection violation
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 Parent:USA
HQ State of Parent:North Carolina
Ownership Structure of Parent:publicly traded
Major Industry of Parent:financial services
Specific Industry of Parent:banking
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