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Violation Tracker UK Individual Case

Company: Merrill Lynch International
Current Parent CompanyBank of America
Parent at the Time of the Penalty Announcement: Bank of America
Penalty: £34,524,000
Year: 2017
Date: 18 October, 2017
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Merrill Lynch paid a £34.5 million fine in settlement of a finding by the FCA that the company failed to report 68.5 million transactions in exchange traded derivatives because it had insufficient oversight and resources allocated.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data(click here)