Merrill, Harvest To Pay SEC $9.3M For Ignoring Clients' Limits
By Sydney Price ( September 25, 2024, 5:32 PM EDT) -- The U.S. Securities and Exchange Commission on Wednesday announced that investment advisory firms Harvest Volatility Management LLC and Merrill Lynch Pierce Fenner & Smith Inc. will pay a combined $9.3 million to settle claims that they exceeded clients' designated investment limits over a two-year period, causing those clients to incur higher fees and losses....
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