BNY Mellon
Pershing Ordered to Pay $5.6 Mln to Victims of Stanford Ponzi Scheme
In a rare award for investors burned by convicted fraudster R. Allen Stanford, an arbitration panel on Wednesday ordered his defunct company’s clearing firm to pay 23 of them $5.64 million.
Merrill Private Hires $15-Million BNY Mellon Team
Four-advisor team overseeing $2.3 billion for business owners and private executives take the bid, shifting from salary-plus-bonus to grid-backed payout.
Wedbush to Pay $8.1 Million over Handling of ADRs
Los Angeles firm is the 11th to be sanctioned by the Securities and Exchange Commision over sales of “pre-released” shares of U.S.-listed foreign stocks.
