Bank of America’s Merrill Lynch unit was fined $12.5 million to settle allegations that the broker’s ineffective controls led to multiple orders being sent to markets, resulting in mini-flash crashes, the U.S. Securities and Exchange Commission announced Monday.
Bank of America’s Merrill Lynch unit was fined $12.5 million to settle allegations that the broker’s ineffective controls led to multiple orders being sent to markets, resulting in mini-flash crashes, the U.S. Securities and Exchange Commission announced Monday. John Taggart Bloomberg
Bank of America’s Merrill Lynch unit was fined $12.5 million to settle allegations that the broker’s ineffective controls led to multiple orders being sent to markets, resulting in mini-flash crashes, the U.S. Securities and Exchange Commission announced Monday. John Taggart Bloomberg

Bank of America fined $12.5M by SEC over mini ‘flash crashes’

September 26, 2016 01:34 PM