Merrill Lynch agrees to settle SEC lawsuit for $131.8 million
Newscast Media WASHINGTON—The Securities and Exchange Commission has charged
Merrill Lynch with making faulty disclosures about collateral selection for two
collateralized debt obligations (CDO) that it structured and marketed to investors,
and maintaining inaccurate books and records for a third CDO. CDOs are the same as
mortgage-backed securities or derivatives.
Merrill Lynch agreed to pay $131.8 million to settle the SEC’s charges. CONTINUE TO FULL STORY>>