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Merrill Lynch will pay more than $15 million to settle charges that its employees misled customers into overpaying for residential mortgage-backed securities.
June 12, 2018 at 04:25 PM
1 minute read
senior reporter
Apparently the lessons of the 2008 economic crisis did not sink in fast enough at the brokerage firm Merrill Lynch, Pierce, Fenner & Smith Inc.
The U.S. Securities and Exchange Commission said Tuesday that Merrill Lynch will pay more than $15 million to settle charges that its employees misled customers into overpaying for residential mortgage-backed securities.
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