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FINRA fines Merrill Lynch $6m

Wall Street Bull

The Financial Industry Regulatory Authority (FINRA) has announced that it has censured and fined Merrill Lynch Professional Clearing (Merrill Lynch PRO) $3.5m for violating Regulation SHO, an SEC rule that established a regulatory framework to govern short sales and prevent abusive naked short selling.



Citi Building Sign

People News: Citigroup, Deutsche Bank

Citigroup is in talks to hire Armando Diaz as global head of cash equities trading, according to a person with knowledge of the matter, who asked not to be identified discussing personnel.