Merrill Lynch Fined $2 Million over Trading Violations
by Admin Istrator | December 17, 2021 9:23 pm
Merrill Lynch recently entered into a consent order with the state of New Hampshire on December 2, 2020. Here are the details:
- Investors complained that accounts sustained significant losses at a time when the market was gaining.
- The advisor excessively traded “global best of breed” stocks. The investor also suffered significant losses in inverse and leveraged exchange traded funds.
- Trades were mismarked as unsolicited when they were solicited.
Merril Lynch’s Consent Order with New Hampshire
Merilllynch-broker[1]Download[2]
Did You Lose Money with Merril Lynch?
Endnotes:
- Merilllynch-broker: https://mdf-law.com/wp-content/uploads/2021/12/Merilllynch-broker.pdf
- Download: https://mdf-law.com/wp-content/uploads/2021/12/Merilllynch-broker.pdf
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