SEC
Whistleblower
Attorneys

June 12, 2018

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Trading and Pricing

SANCTION AMOUNT: $15803161

Defendants: Merrill Lynch, Pierce, Fenner & Smith Incorporated

The Commission found that Merrill Lynch traders and salespeople convinced customers to overpay for residential mortgage-backed securities by deceiving them about the price the bank paid to acquire them.

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