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.