Misleading customers about trading venues On 19 June 2018, the U.S. Securities and Exchange Commission (SEC) charged Merrill Lynch of misleading brokerage customers about trading venues between 2008 and 2013. Merrill Lynch admitted wrongdoing and agreed to pay a $42 million penalty.

Merrill Lynch & Co. is the former name of a prominent Wall Street investment firm. Since its acquisition by Bank of America (BAC) in 2009, it has become known simply as “Merrill” and operates as a wealth management division of Bank of America.

Merrill Lynch – “Be bullish.”

$50 billion Bank of America acquired Merrill Lynch in late 2008 during the financial crisis. The $50 billion deal came as Merrill Lynch was within days of collapse, effectively rescuing it from bankruptcy.

At Merrill Lynch Wealth Management, we believe that understanding what matters most to you is critical to developing an investing strategy. Through a dedicated relationship between you and your Merrill Lynch Wealth Management Advisor or advisor team, we are able to design a personalized strategy around you.

As 2007 slipped into 2008 and the mortgage mess steered the country into the worst financial crisis since the Great Depression, Merrill Lynch's situation worsened. Within a year of the date that first loss was reported by O'Neal, the firm would go on to write off a total of some $42 billion in subprime mortgage bonds.

Merrill Lynch is one of the largest wealth management firms in the world, with thousands of advisors.

1915: The firm changes its name to Merrill, Lynch & Co. An associate notices a difference between the partners: “Merrill could imagine the possibilities; Lynch imagined what might go wrong in a malevolent world.” 1938: Edmund Lynch dies. Merrill Lynch drops the comma from its name.

Merrill Lynch & Co., Inc., American financial-services holding company whose principal subsidiary, Merrill Lynch, Pierce, Fenner & Smith Inc., is the largest retail brokerage house in the United States. Headquarters are in New York City.

Advisors with Merrill Lynch Wealth Management have received numerous awards for their performance and service in recent years. It placed over 600 advisors on the Forbes list of Best In-State Advisors for 2018, more than any other company.

Solutions for your financial life The investment offering provided by Merrill combined with access to the full range of Bank of America banking capabilities allows you and your advisor access to a breadth of potential solutions to help meet your financial needs.

The catalysts for the GFC were falling US house prices and a rising number of borrowers unable to repay their loans. House prices in the United States peaked around mid 2006, coinciding with a rapidly rising supply of newly built houses in some areas.