Merrill Lynch Fined $7.5 Million by SEC for Reporting Lapses
Merrill Lynch has agreed to pay $7.5 million to the Securities and Exchange Commission (SEC) to settle allegations that it failed to properly file all required suspicious activity reports (SARs). The administrative action, filed Monday, states that the brokerage unit did not investigate all potentially illicit transactions between April 2020 and September 2024 due to […]