SEC charges Merrill Lynch with aiding Enron securities fraud Bernard Hibbitts at 3:03 PM ET
[JURIST] The US Securities and Exchange Commission [official website] Monday charged the Merrill Lynch investment firm and four of its former senior executives with aiding and abetting securities fraud by Enron Corporation. Simultaneous with the filing of the charges, the SEC accepted a settlement under which Merrill Lynch, without admitting or denying the allegations in the complaint, would pay $80 million dollars in disgorgement, penalties and interest. Read the SEC press release.
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