Tag Archives: Merrill Lynch Censured

Merrill Lynch Censured, Fined $300,000 for Failure to Supervise Miami Financial Advisor

Merrill Lynch (CRD#: 7691) — a large global banking and brokerage firm — has been censured by the Financial Industry Regulatory Authority (FINRA) and fined $300,000 for its failure to adequately supervise one of its former securities representatives. Unfortunately, this lack of proper supervision allowed serious financial advisor fraud to occur. According to the… Read More »