Defendant Name: Merrill Lynch, Pierce, Fenner & Smith Incorporated

Defendant Type: Subsidiary of Public Company
Public Company Parent: Bank of America Corporation
SIC Code: 6021
CUSIP: 06050510

Initial Case Details

Legal Case Name SEC v. Merrill Lynch, Pierce, Fenner & Smith Incorporated
First Document Date 28-Apr-2003
Initial Filing Format Civil Proceeding
Case Number 03-cv-02941
Allegation Type Investment Advisers/Investment Companies
Federal District Court New York, Southern District of New York

Violations Alleged

Exchange Act
• Sec 15(c)
Other
• Section 15(c)(1), 15(c)(2) Exchange Act; Rule 15c1-2 Exchange Act; Rules 2110, 2210(d)(1), 2210(d)(2), 3010(a) NASD Conduct; Rules 342(a), 401, 472, 476(a)(6) NYSE

Resolutions

First Resolution Date 28-Apr-2003
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

comp18115 28-Apr-2003 Complaint
Complaint
According to the SEC: "Merrill Lynch published research reports on two Internet companies that violated antifraud provisions of the federal securities laws, and published research reports on five other Internet companies that expressed views inconsistent with the analysts' privately expressed negative views in violation of NASD's and NYSE's advertising rules. Those rules require that, among other things, published research reports have a reasonable basis, present a fair picture of the investment risks and benefits, and not make exaggerated or unwarranted claims."
LR-18115 28-Apr-2003 Litigation Release
SEC Sues Merrill Lynch and Henry M. Blodget for Research Analyst Conflicts of Interest; Firm and Blodget to Settle with SEC, NASD, and NYSE
judgm18115 28-Apr-2003 Court Docket Document
Final Judgment as to Defendant Merrill Lynch, Pierce, Fenner & Smith Incorporated
LR-21457 19-Mar-2010 Litigation Release
Court Approves Modifications to Global Research Analyst Settlement
On March 19, 2010, the SEC published a litigation release announcing that the Honorable William H. Pauley issued an order approving modifications to the final judgments entered against Merrill Lynch, Pierce, Fenner & Smith Incorporated and the other firms covered by the Global Research Analyst Settlement.

Related Actions:

SEC v. Henry McKelvey Blodget
Henry McKelvey Blodget