Merrill Lynch have settled in proceedings brought by over 400,00 of their mutual fund customers. The judge granted a USD40 million settlement to end the proceedings. The bank were accused of failing to disclose that there were conflicts of interest
Merrill Lynch have settled in proceedings brought by over 400,00 of their mutual fund customers. The judge granted a USD40 million settlement to end the proceedings.
The bank were accused of failing to disclose that there were conflicts of interest between their brokerage and underwriting businesses.
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