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

|By:, SA News Editor

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.