Violation Tracker Individual Record
Company:Merrill Lynch, Pierce, Fenner & Smith Inc.
Date:December 7, 2020
Offense Group:financial offenses
Primary Offense:investor protection violation
Merrill Lynch agreed to pay a $1,750,000 fine, $250,000 in costs and $24,250,000 in restitution in settlement of allegations it failed to properly supervise the activity of its agent, leading to overcharging and excessive and unsuitable trading.
Level of Government:state
Action Type:agency action
Agency:New Hampshire Bureau of Securities Regulation
Civil or Criminal Case:civil
Facility State:New Hampshire
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:
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