The Financial Industry Regulatory Authority (FINRA) reports that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $6.25 million, for “inadequately supervising its customers’ use of leverage in their Merrill brokerage accounts.” In addition, the firm will pay approximately $780,000 in restitution. Merrill Lynch neither admitted nor denied the charges, FINRA says. Merrill Lynch,… Read More >>