Merrill Lynch Fined Over MSRB Rule Violations
by Admin Istrator | November 18, 2021 11:18 pm
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 Requiremen[1]t.
2016050801701-Merrill-Lynch-Pierce-Fenner-Smith-Incorporated-CRD-7691-AWC-sl-2021-1635985222715[2]Download[3]
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Endnotes:
- MSRB Rule G-17’s Fair Dealing Requiremen: https://mdf-law.com/lawsuits-against-munibond-underwriters/
- 2016050801701-Merrill-Lynch-Pierce-Fenner-Smith-Incorporated-CRD-7691-AWC-sl-2021-1635985222715: https://mdf-law.com/wp-content/uploads/2021/11/2016050801701-Merrill-Lynch-Pierce-Fenner-Smith-Incorporated-CRD-7691-AWC-sl-2021-1635985222715.pdf
- Download: https://mdf-law.com/wp-content/uploads/2021/11/2016050801701-Merrill-Lynch-Pierce-Fenner-Smith-Incorporated-CRD-7691-AWC-sl-2021-1635985222715.pdf
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