Ex-Merrill Broker Fined For Role In Greenlight Sell-Off Case

Law360, New York (February 16, 2012, 11:56 AM EST) -- The U.K.'s financial regulator has fined a former corporate broker at Merrill Lynch International £350,000 ($550,000) for disclosing inside information on an upcoming stock sale by British pub chain Punch Taverns PLC, the watchdog announced Thursday.

Andrew Osborne, former managing director of corporate broking at Merrill Lynch International — now Bank of America Merrill Lynch International — is the most recent of a number of executives who have been sanctioned by the Financial Services Authority for alerting Punch shareholder Greenlight Capital Inc. of the chain's equity...
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