Month: December 2017

This Week In Securities Litigation (Week ending Dec. 22, 2017)

Merrill Lynch settled proceedings with the Commission, agreeing to pay a $13 million penalty for failing to have adequate AML procedures with regard to the variety of services it offers clients such as ATMs and money transfers. The Commission also

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SEC Claims Promoters Conducted Repeated, Fraudulent Offerings

A key focus of SEC Enforcement, according to the Commission’s recent publication about the Division, is retail investors. While the agency has always sought to protect the individual investor and has an investor advocate, a new task force was created

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