
Merrill Lynch agreed to pay a fine of $459,000 in settlement of allegations it Deceived/Defrauded investors about the safety of the aution rate securities (ARS) market. For more info visit https://web.archive.org/web/20181129185020/https://news.delaware.gov/2009/09/11/merrill-lynch-to-pay-459660-fine-to-delaware-for-sale-of-auction-rate-securities/