FINRA命令美林（Merrill Lynch）支付700万美元bob200体育

金融业监管机构（“ FINRA”）已被罚款Merrill Lynch，Pierce，Fenner＆Smith Inc（“ Merrill Lynch”）$6.25 million and imposed a restitution penalty of $780,000 over Merrill Lynch’s inadequate supervision of its customers that employed leverage in brokerage accounts, as well as its failure to supervise the way that these customers were able use the proceeds from their loan managed accounts (“LMAs”). LMAs are credit lines that let customers use the securities in their brokerage accounts as collateral in order to borrow funds from a bank affiliate. However, these LMAs are not supposed to be used to purchase additional securities.

$ 780,000将向投资波多黎各市政债券和波多黎各封闭式债券基金的客户提供。通过解决美林林奇（Merrill Lynch）没有承认或否认Finra的发现。

根据FINRA的说法，从1/2010到11/2014，美林林奇没有这些适当的程序和监督系统。FINRAfound that even though Merrill Lynch’s policy and non-purpose LMA agreements barred customers from using LMA proceeds to buy different kinds of securities, there were thousands of times during the relevant period that, within two weeks of getting LMA proceeds, Merrill Lynch brokerage accounts collectively purchased hundreds of millions of dollars of securities. Merrill Lynch also set up over 121,000 LMAs, with Bank of America (“BAC”) extending over $85 Billion in aggregate credit. FINRA said that all of this was able to happen because the firm’s supervisory procedures and systems were inadequate.

FINRA还指责美林林奇（Merrill Lynch）对LMA的经纪人不充分培训经纪人，并且未能教育他们可以使用贷款帐户的不同方式。尽管经纪人没有为客户设置LMA的赔偿金，但是当客户使用LMA帐户时，他们获得了赔偿。

另外，FINRA发现从1/2010到7/2013，美林林奇还没有足够的程序和监督系统来确保涉及某些波多黎各证券的交易是合适的。bob200体育SRO尤其是指大量集中在这些证券中并通过保证金或LMA高度利用的客户。bob200体育在相关时期，其中25名具有保守或中等投资目标和适度净资产的杠杆客户看到这些证券的总损失近120万美元。bob200体育这些客户已经投资了波多黎各证券的至少75％的资产，这些资产最终被清算以满足保证金电话。bob200体育

波多黎各证券欺诈bob200体育
在过去的三年中，我们的波多黎各债券和封闭式债券基金律师一直与投资者合作以弥补投资损失。不幸的是，岛上和美国大陆上的许多投资者损失了金钱 - 在某些灾难性程度上 - 因为经纪人与某些经纪公司的经纪人错误地告知他们，包括美林（Merrill Lynch），Banco Pocuth，Banco Santander（San）和Uberto Riceo（UBSO RICO）（UBS-PR），用于投资该岛。2013年波多黎各债券的价值是投资者和美国领土的债务，尚未偿还700亿美元的债务。

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