Defendant Name: BAC North America Holding Co.

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
File Number 3-21524
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

Related Documents:

34-97872 11-Jul-2023 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934 and Section 203(e) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and Cease-and-Desist Orders
On July 11, 2023, the SEC instituted settled administrative and cease-and-desist proceedings against Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill”) and BAC North America Holding Co., stating: "From January 2009 to November 2019, Merrill failed to file certain Suspicious Activity Reports (“SARs”) in violation of the broker-dealer books and records provisions of Exchange Act Section 17(a) and Rule 17a-8."