Merrill Lynch Investment Units Pay $500K To CFTC

Law360, New York (August 1, 2007, 12:00 AM EDT) -- Two Merrill Lynch & Co. subsidiaries have agreed to pay $500,000 to put to rest allegations that they violated U.S. Commodities Futures Trading Commission rules by failing to file annual reports on time, the Commission said Tuesday.

The CFTC filed and settled charges against Merrill Lynch’s investment firms, Merrill Lynch Investment Managers LLC and Merrill Lynch Alternative Investments LLC. The investment management companies are registered as commodity pool operators, but failed to follow strict guidelines for CPOs, the regulator said.

In an order before the Commission,...
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