South Korea bourse fines BofA Merrill Lynch branch over irregular trading By Reuters

SEOUL (Reuters) – The Korea Exchange (KRX) said on Tuesday it has decided to impose a 175 million won ($148,655) fine on Bank of America Merrill Lynch’s (N:) South Korean unit for irregular trading activities.

The bourse in a statement said a review of the investment bank’s trading had uncovered phantom orders.

A Hong Kong-based spokesman for Bank of America Merrill Lynch declined to comment.

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2019-07-16

By: Staff Writer

On: July 16, 2019

In: Hot Stock News

Tagged: BofA, bourse, branch, fines, irregular, Korea, Lynch, Merrill, Reuters, South, Trading

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