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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
SEC: Merrill Lynch to pay $415M for misusing customer cash
Merrill Lynch has agreed to pay $415 million to settle charges that it misused customer cash to generate profits for the firm and failed to safeguard customer securities from the claims of its creditors. Jaclyn Jaeger reports.
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