Merrill Lynch

Merrill Lynch offers financial services for private, institutional, and government clients, including mutual fund, insurance, annuity, trust, and clearing services, in addition to traditional investment banking and brokerage. The company has operations in more than 35 countries around the world. Merrill Lynch bought brokerage firm The Advest Group from AXA Financial in late 2005 and made plans to acquire institutional brokerage Wave Securities from Archipelago Holdings early the following year.

Merrill Lynch
4 World Financial Center
New York, NY 10080
Phone: 212-449-1000
Fax: 212-449-7357

Lawsuit threat to Merrill Lynch

New York State’s attorney general has threatened to sue Merrill Lynch for misrepresenting certain debt investments as safer than they were.

Andrew Cuomo said that legal action against the US bank was “imminent” after it failed to settle charges of mis-selling with regulators.

Last week, Merrill Lynch offered to buy back $12bn (£6bn) of auction-rate debt

Merrill Lynch: Convictions in Enron fraud trial

Four former Merrill Lynch employees and an ex-Enron executive have been found guilty of fraudulently inflating the energy firm’s profits.

A jury convicted ex-bankers Daniel Bayly, Robert Furst, William Fuhs and James Brown of fraud and conspiracy.

Ex-Enron finance director Dan Boyle was also found guilty