Merrill Lynch—Supervision Violations

Merrill Lynch Fined for Alleged Supervisory Violations Regarding Training Presentation in 2013 Merrill Lynch was recently fined $2.5 million for alleged supervisory violations in connection with a training presentation back in 2013, according to reports from the office of the Secretary of the Commonwealth of Massachusetts William Galvin. Galvin, whose office oversees securities regulation in… Read more »

Merrill Lynch Accused of Overcharging Customers and Fined $8 Million

Cleveland stockbroker fraud lawyer

Merrill Lynch was fined $8 million by the Financial Industry Regulatory Authority (“FINRA”) relating to allegations that Merrill Lynch overcharged its customers at various times between January 2002 and December 2011. Merrill Lynch failed to have an adequate supervisory system to ensure that customers in certain advisory programs were billed in accordance with contract and… Read more »