Merrill Lynch has agreed to pay about $8.4 million in restitution and a more than $3.2 million fine on allegations that supervisory failures allowed potentially unsuitable early rollovers of so-called Unit Investment Trusts for 3,000-plus customers, the Financial Industry Regulatory Authority announced Friday.

FINRA - Financial Industry Regulatory Authority

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Published on Jun. 25th, 2021 Published on Jun. 25th, 2021

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Sept. 20th, 2021

ORX Forum

ELSEWARE/MSTAR will be speaking on climate stress on operational risk at the ORX forum on September 23. In particular, we will be presenting the work we have done on this topic with the American Bankers Association and a group of banks.