Articles Posted in Merrill Lynch

Lehman Brothers, UBS and Wall Street Greed
InvestorLawyers

Both Lehman Brothers and UBS have had more than their fair share of bad press over the last three years, but are they cut from the same cloth? A recent article in Forbes makes the argument that they are. September marked the three-year anniversary of Lehman Brothers’ bankruptcy and the arrest of a UBS trader…

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Merrill Lynch Fined $1 Million For Ex-Broker’s Ponzi Scheme Run Out Of Merrill Office
InvestorLawyers

Bank of America’s Merrill Lynch brokerage unit agreed to pay $1 million for supervisory failures that allowed a former broker to use a Merrill Lynch account to run a Ponzi scheme, FINRA said on Tuesday. The Financial Industry Regulatory Authority (“FINRA”), which oversees the U.S. brokerage industry, found that the brokerage failed to have an…

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