Merrill Lynch Admits to Misleading Customers About Trading Venues
June 19, 2018
June 19, 2018
WASHINGTON, June 19 -- The Securities and Exchange Commission issued the following news release:
The Securities and Exchange Commission today charged Merrill Lynch, Pierce, Fenner & Smith with misleading customers about how it handled their orders. Merrill Lynch agreed to settle the charges, admit wrongdoing, and pay a $42 million penalty.
According to the SEC's order, Merrill Lynch falsely informed customers that it had executed millions of orders internally when i . . .
The Securities and Exchange Commission today charged Merrill Lynch, Pierce, Fenner & Smith with misleading customers about how it handled their orders. Merrill Lynch agreed to settle the charges, admit wrongdoing, and pay a $42 million penalty.
According to the SEC's order, Merrill Lynch falsely informed customers that it had executed millions of orders internally when i . . .