Bank of America, which bought the wirehouse, Merrill Lynch during the financial crisis of 2008, has announced that it has plans to rebrand its wealth management operations by dropping “Lynch” out of its name.
Tagged with "Bank of America"
Page 1 of 2
Bank of America’s Merrill Lynch Unit to Pay a $15.7 Million Settlement for Failing to Properly Supervise Mortgage Bond Transactions
Posted on June 18th, 2018 at 4:28 PM
Bank of America Corp.’s Merrill Lynch unit has agreed to pay a total of $15.7 million to settle a lawsuit filed by the SEC over allegations that it failed to properly supervise traders who persuaded clients to overpay for mortgage bonds.
Merrill Lynch Fires Two Brokers in Colorado
Posted on May 14th, 2015 at 2:46 PM
According to AdvisorHUB.com, Bank of America Merrill Lynch fired two experienced financial advisers in Colorado.
Wirehouse Advisors' Tactical Play on Currency ETFs
Posted on May 7th, 2015 at 12:02 PM
According to a top investment strategist at Bank of America Merrill Lynch, more financial advisers are investing in funds that access European stocks while muting currency swings. That’s because the European Central Bank began a “quantitative easing” program that will inject a planned €1.1 trillion into the economy by September 2016.
NFL Star Dwight Freeney Sues Bank of America for Negligence
Posted on April 7th, 2015 at 9:54 AM
NFL star Dwight Freeney is suing Bank of America and a Merrill Lynch financial adviser Michael Bock for allegedly defrauding him of over $20 million in an investment fraud.
Bank Of America-Merrill Lynch Ready to Exit Protocol
Posted on March 10th, 2015 at 11:33 AM
According to AdvisorHUB, all signs show that Bank of America/Merrill Lynch are ready to exit the protocol for broker recruiting.
Whistleblower Receives $57M Award in Second Lawsuit Against Bank of America
Posted on February 4th, 2015 at 10:57 AM
An ex-Countrywide Financial Corp. executive, will receive $57 million for a second whistleblower lawsuit accusing Bank of America Corp of bilking Freddie Mac and Fannie Mae through the sale of home loans.
The 10 Biggest Brokerage Industry Regulatory Fines in 2014
Posted on January 16th, 2015 at 9:47 AM
FINRA handed out some hefty fines to financial firms in 2014. Click to see 10 of the biggest fines handed out this year, presented in order of the amount of the fine.
Staten Island Man Charged in $9 million Investment Fraud
Posted on December 29th, 2014 at 10:47 AM
Nicholas Spinelli, a Staten Island businessman, was charged in an investment fraud with stealing more than $9 million from 300 investors.
Merrill Lynch / Bank of America Changes Broker Bonus Payments for 2015
Posted on December 28th, 2014 at 6:40 PM
Merrill Lynch has told its brokers that they will receive higher bonus payments in 2015 for attracting new clients and assets, but will eliminated pay for servicing clients with less than $250,000 in assets.
Page 1 of 2