Merrill Lynch Fined Over MSRB Rule Violations

Merrill Lynch Fined Over MSRB Rule Violations

The Financial Industry Regulatory Authority, or FINRA, recently announced that Merrill Lynch was fined. Here is more information about the fine:

  • The fine against Merrill Lynch covers activity from February 2015 through June 2021.
  • FINRA alleged that Merrill Lynch violated MDRB Rule G-27 as well as FINRA Rule 2010.
  • Merrill Lynch paid a fine of $1.5 million to FINRA.
  • FINRA alleged that Merrill also failed to comply with MSRB Rule G-17’s Fair Dealing Requirement.

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