Sign up for free newsletter

 

Merrill Lynch is to pay USD500,000 to settle US Commodity Futures Trading Commission (CFTC) charges that it failed to distribute and file its commodity pools' annual reports in a timely manner.

THE US CFTC announced on Tuesday that settlement had been reached with Merrill Lynch Investment Managers LLC and Merrill Lynch Alternative Investments LLC, both of Plainsboro, NJ. According to the CFTC's order, beginning in 2001 and continuing through at least 2005, MLIM and MLAI repeatedly failed to distribute to pool participants and file with the National Futures Association (NFA) their commodity pools annual reports in a timely manner, in violation of a CFTC  regulation.

Neither of Merrill's units admitted or denied the allegations and have agreed to pay their total of USD500,000 within 10 days.


Subscribe to free daily newsletter
latestjobs
Vice President Leverage Finance - NYC

Fri, 27 Mar 2015 00:00:00 GMT

Training Coordinator

Fri, 27 Mar 2015 00:00:00 GMT

Analyst/Associate - Project Finance Infra/Power

Fri, 27 Mar 2015 00:00:00 GMT

events
3 days 10 hours from now - New York
1 week 2 days from now - New Jersey
1 week 6 days from now - Zurich
2 weeks 2 days from now - New York
2 weeks 2 days from now - San Francisco
specialreports