SEC Charges Merrill Lynch for Failure to Supervise RMBS Traders

Jun 12, 2018 · The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees …

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SEC Charges Merrill Lynch For Failure To Supervise RMBS Traders

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Jun 12, 2018 · The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees …

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Merrill Lynch Pays More Than $15m In RMBS Settlement - Financial …

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Jun 12, 2018 · The US Securities and Exchange Commission said on Tuesday that Bank of America subsidiary . Merrill Lynch has agreed to pay more than $15m to settle claims that its …

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Wells Fargo Firms, Merrill Lynch To Pay $60 Million To Settle SEC …

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(Reuters) -Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. Securities and Exchange Commission charges over …

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Merrill Lynch Agrees To $415 Million Settlement With SEC Over …

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Investors appear to be unconcerned with the $415 million fine the U.S. Securities and Exchange Commission handed to Merrill Lynch on Thursday , the wealth management and financial …

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Merrill Lynch Ordered To Pay $15.7M For Cheating ... - HousingWire

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Jun 12, 2018 · Merrill Lynch will pay $15.7 million to settle allegations that its employees misled mortgage bond customers and overcharged those customers residential mortgage-backed …

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Merrill Hit With $15M SEC Penalty Over RMBS Infractions

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Merrill Lynch agreed to pay SEC $15+ million to settle charges that employees misled customers into overpaying for securities Merrill’s RMBS traders and salespeople “illegally profited from …

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Merrill Lynch Settles RMBS Charges For $15.7M – NMP

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Jun 12, 2018 · The Securities and Exchange Commission (SEC) has reached a $15.7 million settlement with Merrill Lynch, Pierce, Fenner & Smith Inc. that resolves charges that the …

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Merrill To Pay $415 Million To Settle SEC Charges Of ... - AdvisorHub

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Jun 23, 2016 · Separately, Merrill Lynch on Thursday agreed to pay $10 million to settle SEC charges that it made inadequate disclosures about pricing to some 4,000 retail customers who …

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Merrill Lynch To Pay $415 Million For Misusing Customer Cash: SEC

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Jun 23, 2016 · The Securities and Exchange Commission, in announcing what it said is the largest customer protection settlement in the United States in the agency's history, said Merrill …

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Merrill Lynch To Pay $415 Million For Misusing Customer Cash: SEC

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Jun 23, 2016 · Bank of America Corp's Merrill Lynch brokerage unit will pay $415 million and admit to wrongdoing to settle charges that it misused customer cash, the top U.S. securities …

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Wells Fargo, Merrill Settle SEC 'sweeps' Probe For $60M

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Jan 17, 2025 · The Securities and Exchange Commission's settlement said both Merrill and Wells Fargo had "cash alternative" products that sometimes paid at least 4 percentage points more …

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Merrill To Pay $5m In Overtime Claims Settlement - Citywire

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Dec 18, 2024 · Last week, Merrill Lynch agreed to pay $4.9m to settle the claims, which will be paid out to the plaintiffs and advisors who worked for the company going back three years. …

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Merrill Lynch Agrees To Pay $4.9 Million To Settle Advisors’ …

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The settlement is open to employees who worked as trainees and financial solutions advisors in the Consumer Investments division in the last three years. ... Merrill Lynch has agreed to pay …

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Lawsuit: Merrill Lynch Provoked #metoo Moment To Save $1 …

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May 15, 2018 · The broker, who lives on a sprawling 1,500-acre Nevada horse ranch with a newly planted vineyard, managed assets of more than $20 million at Merrill, which she also accuses …

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Merrill Lynch Agrees To Pay Nearly $20 Million To Settle Class ... - MSN

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According to a May 24 motion for settlement, Merrill has agreed to pay $19.95 million — which, beyond attorney fees and administration costs, is set to compensate class members with …

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FAQs about SEC Charges Merrill Lynch for Failure to Supervise RMBS Traders Coupon?

Did Wells Fargo advisory & Merrill Lynch agree to pay $60 million?

(Reuters) - The U.S. Securities and Exchange Commission (SEC) on Friday said a pair of Wells Fargo Advisory firms and Merrill Lynch have agreed to pay a combined $60 million in civil penalties to settle charges over compliance failures. ...

Why did Merrill Lynch pay $160 million?

At the time, the company agreed to pay $160 million and implement aimed at improving diversity in the workplace. NEW YORK (AP) — Merrill Lynch has agreed to pay nearly $20 million to settle a class-action lawsuit that accuses the Wall Street brokerage giant of racially discriminating against its Black financial advisers. ...

Does Merrill Inc have a 'programmatic relief'?

As part of the settlement, which still needs a judge's approval, Merrill has also agreed to additional “programmatic relief” — including a review of the company's current and past diversity initiatives as well as analysis of diversity metrics and pay equity. Merrill does not admit to any wrongdoing under the settlement's terms. ...

How much does Merrill pay a class member?

The complaint was brought by four former Merrill advisers. According to a May 24 motion for settlement, Merrill has agreed to pay $19.95 million — which, beyond attorney fees and administration costs, is set to compensate class members with individual payments. The plaintiffs expect there are about 1,375 eligible class members. ...

Did Merrill pay black advisers less than white employees?

The lawsuit alleges that African American advisers employed by Merrill received less compensation and promotions than their white counterparts — and were terminated at higher rates than their white colleagues, with fewer advancing to more senior roles. ...

Do Wells Fargo and Merrill Lynch offer bank deposit sweep programs?

According to regulators, Wells Fargo Advisors and Merrill Lynch offer bank deposit sweep programs as the only cash option for most clients, receiving a financial benefit. The firms failed to adopt and implement policies and procedures to consider the best interests of their clients, SEC said in a statement. ...