Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Merrill Fined for Prospectus Delivery Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, August 15, 2005

Merrill Fined for Prospectus Delivery

by: Theresa Sim

The New York Stock Exchange has fined Merrill Lynch $10 million for "supervisory and operational lapses," including failing to deliver prospectuses and product descriptions, according to a press release.

The NYSE stated that the brokerage failed to deliver prospectuses for 64,000 open-ended fund transactions from October 2002 to March 2004. Merrill also failed to deliver prospectuses for 900 auction rate preferred stock transactions from January 2004 to July of 2004.

The fine was also related the firm's failure to maintain proper registration for 60 employees, and failure to comply with a 2000 disciplinary action related to email retention and personnel information.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use