The Securities and Exchange Commission says that the wealth management firm’s internal monitoring system failed to flag numerous transactions that should have produced suspicious activity reports.

As a subsidiary of Bank of America, Merrill uses a BofA software program to monitor and report suspicious activity. For years ...

The regulator said the broker-dealer did not meet reporting and recordkeeping obligations and agreed to a $7.5m civil penalty ...

THE United States Securities and Exchange Commission (SEC) fined Bank of America’s Merrill Lynch unit $7.5 million on Monday ...

The SEC's order, issued Monday, found that Merrill Lynch, Pierce, Fenner & Smith Incorporated willfully violated Section 17(a ...

Merrill Lynch unit has been fined $7.5M by the Securities and Exchange Commission over a failure to report suspicious ...

Bank of America Corp. agreed to pay $7.5 million to the Securities and Exchange Commission to settle allegations that its ...

According to the SEC’s order, Merrill relied on the anti-money laundering (AML) program implemented by its parent, Bank of ...

Car finance lenders says FCA redress scheme breaches ‘human rights’ Car finance lenders have challenged the UK Financial ...

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Bank of America bought investment bank Merrill Lynch at the depths of the financial crisis. Executives had planned a rebranding campaign that would have eliminated Merrill Lynch's iconic bull logo.

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