Tag: Bank of America Corp (NYSE:BAC)

SFC fines
September 25, 2017 BY LeapRate Staff

Merrill Lynch gets $2.5 million CFTC fine for failures related to a CME Group investigation

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Merrill, Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch), a registered Futures Commission Merchant and a unit of Bank of America Corp (NYSE:BAC), for failing to supervise its employees’ and agents’ handling of the firm’s response to a CME Group…

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October 18, 2016 BY LeapRate Staff

Merrill Lynch fined $2.8 million by FINRA for trade reporting violations

U.S. securities regulator FINRA (Financial Industry Regulatory Authority) has announced that it has fined the Merrill Lynch, Pierce, Fenner and Smith Inc. unit of Bank of America Corp (NYSE:BAC) $2.8 million for systemic trade reporting, Order Audit Trail System (OATS) reporting, books and records, and related supervisory violations that occurred over a period of several years.…

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June 23, 2016 BY LeapRate Staff

Bad day for Merrill Lynch - assessed $430 million in fines for misusing customer cash and misleading investors

Investment giant Merrill Lynch, a unit Bank of America Corp (NYSE:BAC), has been assessed a total of $430 million in fines by the U.S. Securities and Exchange Commission and The Financial Industry Regulatory Authority (FINRA). The fines relate to a misuse of client funds by Merrill Lynch, as well as misleading investors in the sale of structured…

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May 11, 2016 BY LeapRate Staff

FXSpotStream starts reporting volumes: $18 billion ADV in April

Multibank FX aggregation service FXSpotStream might have surprised some folks today when they - for the first time - announced the FX trading volumes supported on their system, as well as the size of those volumes. First off, the data. FXSpotStream reported that April volumes on its system averaged $18 billion (single count) daily, 2%…

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February 02, 2016 BY LeapRate Staff

TradeKing web order system goes down briefly (again!) – LeapRate Exclusive

LeapRate Exclusive… LeapRate has learned that clients of discount US online stockbroker TradeKing were unable to execute buy and sell orders via the company’s website for a while both yesterday (Monday) and this morning. A company representative confirmed to LeapRate that TradeKing was experiencing some server issues, and that the company’s website was not communicating properly…

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