May 7, 2021

$415M Merrill Lynch Settlement Spurs SEC to Boost Enforcement

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From Mark Hamblett, From New York Law Journal Gambling with customer money that was supposed to be set aside for its own rainy day cost Bank of America’s Merrill Lynch $415 million in a settlement Thursday and prompted a stepped-up enforcement and monitoring effort by the U.S. Securities and Exchange Commission. Andrew Ceresney, director of […]