Summary
THE Financial Services Authority is trying to flex its muscles again, fining US bank Merrill Lynch Pounds 150,000 for not accurately reporting some of its stock market trades.
From September 1996 to January 2006, Merrill conducted 1.2m trades on European equity markets (excluding the UK), which were incorrectly reported because they implied Merrill was the 'agent' rather than the bank that carried out the dealings on behalf of clients.See the full content of this document
Extract
Fsa Shows Its Teeth Over Merrill Trade Reporting
Merrill...
See the full content of this document
Sponsored links
