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
Document Reference:
34-85395
Document Details
Legal Case Name
In the Matter of Merrill Lynch, Pierce, Fenner & Smith Incorporated
Document Name
Order Instituting Administrative Proceedings, Pursuant to Section 15(b)(4) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions
Document Date
22-Mar-2019
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On March 22, 2019, the SEC issued an order against Merrill, Lynch, Pierce, Fenner & Smith Incorporated, stating: "These proceedings arise out of Merrill's improper practices with respect to securities lending transactions involving pre-released American Depositary Receipts ("ADRs")."
Disgorgement & Penalty Information
Resolutions
Censured
Cooperation Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$4,448,291.52
Shared:
Civil Penalty
Individual:
$2,891,389.48
Shared:
Pre-Judgment Interest
Individual:
$724,795.40
Shared:
