Tagged fined

Nasdaq Fined $10 Million for Facebook IPO Snafu

August 18, 2014

Spencer Platt/Getty Images WASHINGTON -- Nasdaq has agreed to pay $10 million, the largest penalty ever levied against a stock exchange, to settle civil charges stemming from mistakes made during Facebook's i...

BofA’s Merrill Lynch Unit Fined for Mutual Fund Overcharges

May 24, 2014

Richard Levine/Alamy NEW YORK -- Bank of America's (BAC) Merrill Lynch unit was fined $8 million and will reimburse $24.4 million to customers to settle allegations that it overcharged more than 47,000 reti...