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18 Feb 3:14 pm
... . The firm's investment advisers, however, failed to mention that choosing this option-which would direct trades to be executed through Merrill-could allow the company and its investment adviser representatives to receive substantially higher revenues. The SEC also accused Merrill Lynch of ... SEC Charges Merrill Lynch With Misleading Pension Consulting Clients, SEC,
January 30, 2009 Read the SEC Administrative Proceeding Against Merrill Lynch, Pierce, Fenner & Smith, Inc., January 30, 2009 (PDF)
21 Oct, 2007 11:50 am
The New York Stock Exchange Regulation Inc. is disciplining nine companies and eight people for numerous violation. The firms disciplined include: Merrill Lynch, Pierce, Fenner & Smith: Fined $100,000
for violating rule 123c about ... of the securities industry, your best bet is to retain the services of an experienced stockbroker fraud attorney. Over the years, Shepherd
Smith and Edwards has recovered the losses of thousands of investors throughout the United States. Let us help you. Contact ...
11 Feb 8:15 pm
... to convince the court that the institutional investor would suffer irreparable harm if Merrill Lynch Pierce Fenner & Smith Inc. continues redeeming clients' ARS under the investment firm's current procedures. The
judge refused ... The company claims that Merrill's redemption scheme is not in its favor. TGS began FINRA arbitration proceedings against
Merrill in November. The company wants to repurchase its ARS with interest, recession purchases, or the actual damages of its holdings' par
value. ...
1 Sep, 2008 3:52 pm
... and Exchange Commission says it has reached a preliminary settlement agreement with Merrill Lynch, Pierce, Fenner & Smith to liquidate about $8.5 billion in auction-rate securities that ... , individual investors, and
charities have until January 15, 2010 to accept Merrill's offer to repurchase at par value some $7.5 billion in ARS. ... also evaluating
whether an additional fine needs to be imposed on Merrill. Merrill, along with Goldman Sachs Group
Inc. and Deutsch Bank AG, also reached an auction- ...
6 Mar 5:26 am
... failure to disclose certain features of ARS. Community Trust Bank Inc. v. Merrill Lynch Pierce Fenner & Smith Inc., No. 08-CV-0231 (E.D.K.Y.). Click ... (S.D.T.X.). Click here for a copy of the
complaint. According to the Blankfeld complaint, Amgey Investments Inc. (which is not a party to the litigation), a Texas-based corporation, purchased auction rate preferred
stock ("ARPS") from Merrill Lynch and resold the ARPS to investors. (ARPS is a type of ARS). The group of eight investors who filed ...
20 May, 2008 2:54 pm
... of the company's Internet Group is accused of allegedly issuing false reports regarding CMGI Inc. stock. In 2007, investor Ronald Ventura had filed a securities fraud lawsuit
against Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Inc., and Blodget. Ventura is one of a number of plaintiffs ... , the best way to make
sure that you obtain financial recovery is to contact Shepherd Smith and Edwards today. Our stockbroker fraud lawyers have helped thousands of
investors ...
24 Jun, 2008 12:36 am
... lawsuit, Vale accused Blodget of issuing bogus positive reports about Internet Capital Group Inc. and B2B Internet HOLDRs, an exchange traded fund. He says that he depended
... State Attorney General's Office accused Merrill Lynch, Pierce, Fenner &
Smith Inc., Merrill Lynch & Co. Inc., and Blodget of regularly issuing false
... Internet holding company CMGI. Please call the stockbroker fraud law firm of Shepherd Smith Edwards & Kantas, LLP to discuss your
investment fraud case. Related Web ...
12 Aug 4:51 pm
... Inc. has agreed to be fined $100,000 and Merrill Lynch, Pierce, Fenner &
Smith Inc. has consented to a $150,000 fine, says the Financial Industry Regulatory ... and did not properly train registered
individuals. Due to this improper supervision, brokers for Merrill and UBS recommended that certain clients engage in short-term sales of CEF's
... ; Customers Get More Than $5 Million in Remediation, FINRA, July 28, 2009 Merrill, UBS Are Fined in Closed-End-Fund Case, The Wall Street
Journal, July 29, ...
22 Sep 2:26 pm
... a Texas securities fraud claim that Bank of America's Merrill Lynch, Pierce, Fenner
& Smith Inc. allowed unregistered sales persons to sell securities, the Bank of ... but also in the client's state. Per the probe,
the task force determined that Merrill did not have a supervisory system that was designed in a manner that made sure that associates ... to
register only in their home state and in a neighboring state. Last week, Merrill Lynch agreed to pay the state of Texas another $12.7
million over a ...
12 Nov, 2008 5:29 pm
Merrill Lynch, Pierce, Fenner & Smith,
Inc. and a number of its workers have won an arbitration dispute filed by a couple that invested in a money market mutual fund. In U.S. District Court for the Southern District
of ... Judge Daniels also said that the couple's "vague and conclusory" terms" impugned the arbitration panel's "integrity and neutrality." Commenting on Merrill Lynch's arbitration award, Securities Arbitration Attorney William Shepherd said, "Investors who do not hire a lawyer, or ...
23 Oct 9:48 am
On October 22, 2009, Missouri Secretary of State Robin Carnahan announced that Merrill, Lynch, Pierce, Fenner & Smith, Inc. ("Merrill Lynch") will pay
$367,500.00 to the Missouri Investor Education and Protection Fund for failure to comply with Missouri's registration laws. Acting on a tip from a former Merrill Lynch employee, the firm was the subject of a multi-state investigation into its registration practices. In total, the firm has been ordered
...
14 Jan, 2008 6:18 pm
... be fined $200,000: Lehman Brothers Inc. Broadpoint Capital Inc. Merrill Lynch, Pierce, Fenner & Smith Inc. CIBC World Markets Corp. UBS Securities ... & Co. LLC Thomas Weisel Partners LLC
Robert W. Baird & Co. Inc Broker-dealers that agreed to be fined $150,000: Pacific Crest Securities Inc. ... providing trading volume and interest is mandatory. The
stockbroker fraud law firm of Shepherd Smith and Edwards represents investors who have lost money because a member of the securities industry
...
9 Feb 6:18 am
In Texas, a Houston judge has ruled that a would-be class securities lawsuit filed against JP Morgan Securities, Inc., Merrill
Lynch, Pierce, Fenner and Smith and a number of other defendants can move forward. The
plaintiffs were investors in Superior Offshore International Inc., a company that collapsed following a failed initial public offering. The four other defendants are former
Superior company executives. In the US District Court for ...
20 Apr 7:07 pm
A motion by Merrill Lynch, Pierce, Fenner & Smith Inc. to stop two former financial advisers from using customer information they received while working at the investment firm has been denied. In
the U.S. ... Rex Baxter was hired to do the same in 1997. Both men resigned from the firm on April 3 to work for Ameriprise Financial Services. Merrill countered by trying to obtain a temporary restraining order preventing the former employees from using customer data the two now ex-advisers allegedly
...
1 Apr, 2008 9:14 am
Massachusetts Secretary of the Commonwealth William Galvin is subpoenaing Merrill Lynch, Pierce, Fenner, & Smith Inc., UBS Securities, and Bank of America Investments because it wants information about
the companies' involvement ... closed-end funds following the auction failures in the auction-rate securities market. The stockbroker fraud law firm of Shepherd Smith and Edwards is committed to helping investors recover losses brought about by securities fraud. Contact Shepherd Smith and Edwards ...
11 Mar 1:44 pm
The SEC charged Merrill Lynch, Pierce, Fenner & Smith Inc. with securities laws violations for having inadequate policies and procedures for controlling access to institutional customer order flow.
Merrill Lynch agreed to settle the SEC's charges and pay a $7...
22 Mar 10:16 am
... of nearly all the charges, they must go back to trial for a single count of conspiracy to commit securities fraud. Former Merrill
stockbroker Timothy O'Connell was found guilty of witness tampering and issuing false statements. Related Web Resources: SEC Charges Merrill
Lynch For Failure to Protect Customer Order Information on "Squawk Boxes", SEC, March 11, 2009 SEC Administrative Proceedings Against Merrill Lynch, Pierce, Fenner, & Smith Inc.,
(PDF)
21 Sep 7:20 am
... -ajc-jmz The Texas state securities commissioner said Bank of America's Merrill Lynch unit will pay up to $26.5 million in a
national settlement stemming ... securities. Texas will receive $1.6 million in the settlement with Merrill Lynch, Pierce,
Fenner & Smith Inc. The Texas State Securities Board led a task force ... client's state
as well as their home state. The Texas investigation found that Merrill's supervisory system "was not reasonably designed to ensure that its
client associates complied ...
28 Jul 2:03 pm
FINRA announced today that it fined Merrill Lynch, Pierce, Fenner & Smith, Inc. $150,000 and UBS Financial Services, Inc. $100,000 for supervisory failures that led to unsuitable short-term sales of closed-end
funds (CEF) purchased at the funds' initial public offerings....
29 May 8:02 am
... Sotomayor's consumer protection opinions. They are: Carrier v. Citibank (South Dakota), N.A., 180 Fed. Appx. 296; 2006 U.S. App. LEXIS 12447 (2d Cir. 2006); Dabit v. Merrill Lynch, Pierce, Fenner, Smith, Inc., 395 F.3d
25; 2005 U.S. App. LEXIS 410; Fed. Sec. L. Rep. ( ... . Dist. LEXIS 3404; 1997-1 Trade Cas. (CCH) P71,753 (S.D.N.Y. 1997); Aequitron Medical, Inc. v. CBS, Inc., 1994 U.S.
Dist. LEXIS 942; 22 Media L. Rep. 1622 (S.D.N.Y. 1994).
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