Tag Archives: Conflict

SEC Merrill Advisory Conflicts

On Aug. 20, SEC $8.9mn Merrill settlement on advisor conflicts. Firm will pay $8.9mn for failed to disclose conflict of interest from own business. In deciding if to continue to offer clients product managed by third-party advisor. Alleged Violations Conflict arose in handling third-party products of US subsidiary of a foreign bank. Over 1,500 of Merrill’s…
Read more