Getting your player ready...
Colorado Securities Commissioner Fred Joseph announced Tuesday the terms of a settlement between the Colorado Division of Securities and Merrill Lynch, Pierce, Fenner & Smith Inc., stemming from claims that the brokerage firm allowed its client associates to sell securities without being properly licensed.
As part of the settlement, Merrill Lynch has agreed to cease and desist from engaging in the sales of securities in Colorado by persons not licensed in Colorado, and to immediately establish and maintain a trade-monitoring system that ensures proper licensing in every jurisdiction.
