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scion

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scion

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Thursday, 06/23/2016 1:08:00 PM

Thursday, June 23, 2016 1:08:00 PM

Post# of 223875
Merrill Lynch to Pay $415 Million for Misusing Customer Cash and Putting Customer Securities at Risk

FOR IMMEDIATE RELEASE
2016-128

Washington D.C., June 23, 2016 — The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay $415 million and admit wrongdoing to settle charges that it misused customer cash to generate profits for the firm and failed to safeguard customer securities from the claims of its creditors.
...
http://www.sec.gov/news/pressrelease/2016-128.html

Merrill Lynch Paying $10 Million Penalty for Misleading Investors in Structured Notes

06/23/2016 10:09 AM EDT

The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay a $10 million penalty to settle charges that it was responsible for misleading statements in offering materials provided to retail investors for structured notes linked to a proprietary volatility index.
...
http://www.sec.gov/news/pressrelease/2016-129.html
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