Former Merrill Lynch official settles Enron allegations
Nick Snow
OGJ, 11 January 2010
Daniel H. Bayly, Merrill Lynch & Co.’s (ML) former global head of investment banking, settled civil charges of aiding and abetting the Enron Corp. fraud, the US Securities and Exchange Commission announced.
SEC said US District Court in Houston entered a final judgment on Dec. 31, 2009, ordering Bayly, who neither admitted nor denied SEC’s allegations, to pay $301,000 for deposit in the commission’s Enron Fair Fund and to not serve as an officer or director of a publicly traded company for 5 years. He also was enjoined from violating federal antifraud provisions and from aiding and abetting violations of the periodic reporting, books-and-records, and internal control provisions, SEC said.
