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Merrill Lynch (BAC) is fined $1.05M (not a typo) by Finra and ordered to pay $323K in...

Merrill Lynch (BAC) is fined $1.05M (not a typo) by Finra and ordered to pay $323K in restitution for failing to provide the best possible execution prices on certain transactions. "This matter ... was caused by a processing issue that has been corrected," says a BofA representative.
Comments (5)
  • No surprise here.
    16 Apr 2013, 11:44 AM Reply Like
  • "...a processing issue..."

     

    Yea.
    16 Apr 2013, 11:50 AM Reply Like
  • Never use a "market" order !! Proof here.
    16 Apr 2013, 03:12 PM Reply Like
  • never use limit orders, see Dark Pools by Scott Patterson. Pg 47-48
    17 Apr 2013, 09:05 AM Reply Like
  • Is "failing to providing" a typo?
    17 Apr 2013, 07:25 AM Reply Like
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