SEC
Whistleblower
Advocates

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.

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