Tag: Merrill Lynch

broker defamation
Brokers Investors News

Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers

Merrill Lynch Penalized $11.6 Million For Improper UIT Rollovers:  The transactions forced clients to pay millions of dollars in needless fees, according to seclaw.com/glossary/finra/” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>FINRA.   A UIT is an investment company that offers investors shares, or “units,” in a fixed portfolio of securities in a one-time public offering that terminates […]

SPAC Rules

Merrill Lynch Admits Masking to Defraud Customers

The Securities and Exchange Commission charged Merrill Lynch, Pierce, Fenner & Smith with misleading customers about how it handled their orders.  Merrill Lynch agreed to settle the charges, admit wrongdoing, and pay a $42 million penalty. According to the SEC’s order, Merrill Lynch falsely informed customers that it had executed […]


Merrill Lynch, Pierce Fenner & Smith

Our attorneys represent investors and brokers who are involved with Merrill Lynch, and have been doing so for decades. Merrill Lynch was founded in 1914, and was one of the nation’s oldest brokerage firms. However, because of a variety of factors, during the market collapse in 2008, it found itself […]


Employment exclusion reviewed

Supreme Court and Arbitration – 2002   SUPREME COURT & ARBITRATION: The U.S. Supreme Court heard argument in the Circuit City v. Adams case on Monday, concerning Section 1’s “contract of employment” exclusion. The Ninth Circuit gave a broad reading to the exclusionary provision in the decision below, holding that […]

Corp Finance

Massive Investment Banking Settlement

“These cases reflect a sad chapter in the history of American business — a chapter in which those who reaped enormous benefits from the trust of investors profoundly betrayed that trust. These cases also represent an important new chapter in our ongoing efforts to restore investors’ faith in the fairness […]