Violation Tracker Individual Record
Company:
Merrill Lynch, Pierce, Fenner & Smith
Current Parent Company:
Bank of America
Penalty:
$42,000,000
Year:
2018
Date:
June 19, 2018
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
Merrill Lynch, Pierce, Fenner & Smith agreed to pay a $42 million penalty to resolve allegations that it misled customers about how it handled their orders.
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
Source of Data:
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
