"Merrill Lynch failed to disclose certain conflicts of interest to its pension consulting clients, the [SEC] charged on Friday. ... The company didn't admit or deny the allegations but did agree to a censure and a cease-and-desist order", my emphasis, Michael Crittenden at the WSJ, 31 January 2009.
Yet another SEC enforcement triumph.
2 comments:
More SEC footsie with the Street establishment...
"Mother Merrill did'nt admit heisting their pension clients..."
I'm sure just another unfortunate oversight...
In related news the police caught a burglar and while the burglar did not admit to being a burglar he did agree to be censored by the police, return 1/10 of the stolen goods and sign a decree saying he would try not to get caught again.
DJF
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