Sep 25, 02:56 PM

Merrill Lynch, Harvest Volatility to Pay $9.3M for SEC Settlement on Derivatives Trades

Merrill Lynch, Pierce, Fenner & Smith Inc. and Harvest Volatility Management LLC have agreed to pay a combined $9.3 million to settle charges brought by the US Securities and Exchange Commission (SEC). The charges relate to ignoring client investment limits, fees, and derivatives trades. As part of the settlement, neither firm has admitted nor denied the SEC's findings.

#Merrill Lynch #Harvest Volatility Management LLC #SEC

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