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Articles Posted in Exchange Act Rule 15c3-3(d)(4)

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Merrill Lynch Fined $1.5 million by FINRA – New York, NY

FINRA has fined Merrill Lynch $1.5 million over its alleged breach of supervisory and disclosure-related rules involving short positions in municipal securities. The firm was censured, fined, and required to certify that its supervisory systems and written procedures are reasonably designed to achieve compliance with Municipal Securities Rulemaking Board (MSRB)…

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