Merrill Lynch to Pay $415 Million to Settle SEC Investigation
Source: BFW (Bloomberg First Word)
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BAC US (Bank of America Corp)
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(Bloomberg) -- Bank of America Corp.’s Merrill Lynch unit agreed to pay $415 million to settle a U.S. regulator’s claims that it misused customer cash to generate profits for the firm. In resolving the investigation, Merrill Lynch admitted to wrongdoing, the Securities and Exchange Commission said in a statement Thursday.
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BAC US (Bank of America Corp)
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UUID: 7947283