Defendant Name:
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Defendant Type:
Subsidiary of Public Company
Document Reference:
2023-128
Document Details
Legal Case Name
In the Matter of Merrill Lynch, Pierce, Fenner & Smith Incorporated; and BAC North America Holding Co.
Document Name
SEC Charges Merrill Lynch and Parent Company for Failing to File Suspicious Activity Reports
Document Date
11-Jul-2023
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On July 11, 2023, the SEC "announced charges against Merrill Lynch, Pierce, Fenner & Smith Incorporated and its parent company BAC North America Holding Co. (BACNAH) for failing to file hundreds of Suspicious Activity Reports (SARs) from 2009 to late 2019."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Civil Penalty
Individual:
$6,000,000.00
Shared:
Other Defendants in Action: