Merrill Lynch Fined $7.2M Over Options Reporting Flubs
Law360, 2 January 2015
Merrill Lynch Pierce Fenner & Smith Inc. will pay $5.8 million in fines, while Merrill Lynch Professional Clearing Corp. agreed to pay $1.45 million to settle the joint enforcement action by FINRA, BOX Options Exchange LLC and Nasdaq’s options markets in Philadelphia and Boston, according to a settlement document dated Dec. 22, 2014.
