FCA fines Merrill Lynch Intl £13m for misconduct

Merrill Lynch International (MLI) has been fined £13,285,900 by the Financial Conduct Authority (FCA) for incorrectly reporting 35,034,810 transactions and failing to report another 121,387 transactions between November 2007 and November 2014. The size of the fine – the highest imposed for transaction reporting failures to date – reflects the…