
Merrill Lynch agreed to pay $500,000 to the Investor Education and Protection Fund and $89,055 in restitution and write off $1,532,524 of debt in Client Accounts in settlement of allegations it failed to adequately supervise an investment advisor alleged to have defrauded clients. For more info visit https://www.sos.mo.gov/cmsimages/securities/orders/AP-13-14.pdf