Description
The Financial Industry Regulatory Authority fined Merrill Lynch, Pierce, Fenner & Smith Incorporated $1.4 million for failing to establish a reasonable supervisory system and procedures to identify and evaluate extended settlement transactions, and for related rule violations. For more info visit https://www.finra.org/media-center/news-releases/2017/finra-fines-merrill-lynch-14-million-deficiencies-related-extended