FINRA - Financial Industry Regulatory Authority
Merrill Lynch has agreed to pay a $950,000 fine. From May 2013 through November 2018, Merrill failed to reasonably supervise the transmittal of customer funds via externally-initiated ACH (Automated Clearing House)transfers. As a result, the firm failed to detect that two of its registered representatives were able, in separate schemes that ran for multiple years, to steal in excess of $6 million. Therefore, Merrill violated NASD Rules 3010 and 30122 and FINRA Rules 3110 and 2010.
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Nov. 21st, 2021
Olivier Vigneron to become Group Chief Risk Officer of Deutsche Bank.
Congratulations for this new chapter that opens at Deutsche Bank! We are proud and grateful that Olivier was one of the first promoters of the XOI method for operational risk, and to have worked with him and his teams for many years. Greetings and thanks from the MSTAR team.