
The Financial Industry Regulatory Authority fined Merrill Lynch, Pierce, Fenner and Smith Inc. $2.8 Million for systemic trade reporting, Order Audit Trail System (OATS) reporting, books and records, and related supervisory violations that occurred over a period of several years. For more info visit https://www.finra.org/media-center/news-releases/2016/finra-fines-merrill-lynch-28-million-systemic-reporting-violations