June 01, 2015
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Merrill Lynch Professional Clearing Corporation
Trading and Pricing
SANCTION AMOUNT: $10,900,810
Defendants: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Merrill Lynch Professional Clearing Corporation
Respondents utilized inaccurate data in the course of executing short sale orders. This occurred because some of these orders were processed based on stale information from Respondents' running list of easy-to-borrow securities.
- Key Docs
- Official SEC press release