Merrill Lynch Loses Challenge To Funds' $64M Fraud Award
By Sindhu Sundar ( February 5, 2013, 11:15 PM EST) -- A California appeals panel found Tuesday that the Financial Industry Regulatory Authority did not overstep its authority in granting a $64 million arbitration award to two hedge funds that claimed Bank of America NA's Merrill Lynch unit had defrauded them when acting as a broker for funds they managed....
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