Snitches get riches. A $415 million settlement from Merrill Lynch over billions in misused customer funds is the source of the largest-ever whistleblower award against a Wall Street company. Three people are sharing $83 million in award money from the Securities and Exchange Commission for bringing the 2016 case against the Bank of America-owned wirehouse...

BING NEWS:
  • Sanctuary Adds $700M Breakaway from Merrill Lynch
    Two advisors in Greensboro, N.C., have broken away from Merrill Lynch to launch their own business with Sanctuary Wealth’s support. Vincita Investment Partners, run by partners JJ Marus and ...
    04/1/2024 - 1:00 pm | View Link
  • Topic: Merrill Lynch
    Bank of America Merrill Lynch agrees to pay N.Y. $42 million fine for fraud Bank of America Merrill Lynch has agreed to pay a record $42 million fine to New York for fraudulent activity related to ...
    07/3/2017 - 10:34 pm | View Link
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