Merrill Lynch, Pierce, Fenner & Smith Incorporated

05/19/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20130357978-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner, & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner, & Smith Incorporated (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the

Reference 2013035797801finra.orgdata-portal.finra.org

02/10/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20090170380-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Banc of America Securities LLC, Respondent Broker-Dealer CRD No. 26091 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Banc of America Securities LLC ("BOFA" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2009017038001data-portal.finra.orgfinra.org

09/14/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20130393059-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose

Reference 2013039305901finra.orgdata-portal.finra.org

06/18/2026: Between January 2021 and September 2023, Merrill Lynch failed to provide material disclosures regarding municipal securities purchased with market discounts for 4,181 transactions involving 1,072 self-directed customer accounts. During this same period, Merrill Lynch failed to establish and maintain a supervisory system, including written procedures, reasonably designed to achieve compliance with the firm’s obligation to provide self-directed customers with all material information concerning municipal securities transactions subject to a market discount at or prior to the time of trade. As a result, Merrill Lynch violated MSRB Rules G-47 and G-27. For these violations, Merrill Lynch is censured and fined $175,000.

Reference 2022073414901finra.orgdata-portal.finra.org

10/06/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT No.2010023889001 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce Fenner & Smith Incorporated ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and

Reference 2010023889001finra.orgdata-portal.finra.org

12/18/2007: FINANCIAL INDUSTRY REGULATORY ATJTHORITO) LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO 20060051501-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith, Inc., Respondent Broker-Dealer CRD No. 7691 Pursuant to NASD Rule 9216 of FINRA Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith, Inc. (the "fiim") submits this Letter

Reference 2006005150101data-portal.finra.orgfinra.org

10/18/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY OF ACCEPTANCE, WAIVER AND CONSENT NO. 20130358229-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing

Reference 2013035822901finra.orgdata-portal.finra.org

10/31/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20130367081-OI TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Rierce, Fenner & Smith Incorporated ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of

Reference 2013036708101data-portal.finra.orgfinra.org

01/05/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20060052666-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith, Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of the FINRA Code of Merrill Lynch, Pierce, Fenner & Smith, Incorporated (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC")

Reference 2006005266601data-portal.finra.orgfinra.org

12/20/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2018058015702 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (Respondent) Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2018058015702data-portal.finra.orgfinra.org

02/05/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2011028644501 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch" or the "Firm"), Respondent CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, the Firm submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule

Reference 2011028644501data-portal.finra.orgfinra.org

07/29/2005: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT EAF0300610002 TO: Department of Enforcement NASD RE: Merrill Lynch, Pierce, Fenner & Smith Inc. (BD #7691) Pursuant to Rule 9216 of NASD Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Inc. ("Merrill Lynch" or "the Respondent")) submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if

Reference EAF0300610002data-portal.finra.orgfinra.org

12/10/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT No. 2011030683501 TO: Department of Enforcement Financial lndustry Regulatory Authority ("FINRA") FROM: Merrill Lynch, Pierce, Fenner & Smith Incorporated CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the

Reference 2011030683501finra.orgdata-portal.finra.org

10/06/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2016050801702 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce, Fenner & Smith Inc. (Respondent) Member Firm BD No. 7691 Pursuant to FINRA Rule 9216, Respondent Merrill Lynch, Pierce, Fenner & Smith inc. (Merrill) submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted

Reference 2016050801702data-portal.finra.orgfinra.org

11/11/2005: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT 20042000043-01 TO: Department of Market Regulation NASD RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to Rule 9216 of NASD Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violation

Reference 2004200004301data-portal.finra.orgfinra.org

01/07/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO.20080145847-02 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or the "fIrm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for thc purpose of proposing a

Reference 2008014584702data-portal.finra.orgfinra.org

09/30/2024: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019062983001 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (Respondent) Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2019062983001data-portal.finra.orgfinra.org

09/24/2008: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20050000367-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD Number 7691 Pursuant to NASD Rule 9216 of the FINRA Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated (the "firm") submits this Letter of Acceptance

Reference 2005000036701data-portal.finra.orgfinra.org

02/26/2008: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2007009456801 TO: Department of Enforcement (''Enforcement'') Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith, Incorporated, Respondent CRD No. 7691 Pursuant to NASD Rule 9216 of FINRA Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith, Incorporated (the ''Firm" or "Merrill Lynch") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the

Reference 2007009456801data-portal.finra.orgfinra.org

04/02/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20080145847-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a

Reference 2008014584701data-portal.finra.orgfinra.org

08/29/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2009018601702 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated Respondent CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("ML" or "the Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged

Reference 2009018601702finra.orgdata-portal.finra.org

07/01/2024: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020067795501 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (Respondent) Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted on the condition that, if accepted, FINRA will not bring any future actions against Respondent alleging violations based on the same factual findings described in this AWC.

Reference 2020067795501data-portal.finra.orgfinra.org

08/03/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2010022652202 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA'') RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Member CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated (hereinafter "Merrill Lynch," the "Firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the

Reference 2010022652202data-portal.finra.orgfinra.org

05/19/2005: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT CLG050058 TO: Department of Market Regulation NASD RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to Rule 9216 of NASD Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the

Reference CLG050058data-portal.finra.orgfinra.org

09/23/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20110274341 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (BD No. 7691) Respondent Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPFS" or the "Firm"). submits this Letter of Acceptance. Waiver and Consent ("AWC") for the purpose of proposing a settlement of the

Reference 2011027434101data-portal.finra.orgfinra.org

12/16/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20100226911-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated. Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a

Reference 2010022691101data-portal.finra.orgfinra.org

01/13/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2013037137602 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a

Reference 2013037137602data-portal.finra.orgfinra.org

12/16/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20080147362-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Banc of America Securities LLC (now known as Merrill Lynch, Pierce, Fenner & Smith Inc.) Respondent Broker-Dealer CRD No. 26091 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Banc of America Securities LLC ("BOFA" or the "Firm) (now known as Merrill Lynch, Pierce, Fenner & Smith Inc., CRD No. 7691)

Reference 2008014736201data-portal.finra.orgfinra.org

07/11/2023: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020066667001 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (Respondent) Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2020066667001finra.orgdata-portal.finra.org

10/28/2010: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20080154031 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD No. 7691), Respondent Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent submits this Letter of Acceptance, Waiver and Consent ("AWC) for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted on the

Reference 2008015403102data-portal.finra.orgfinra.org

09/25/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20130387427-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated (the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of

Reference 2013038742701finra.orgdata-portal.finra.org

02/12/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20120318070-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose

Reference 2012031807001data-portal.finra.orgfinra.org

12/20/2018: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2014043580203 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Inc., Respondent Memer Firm CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Inc. ("Merrill Lynch" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC")

Reference 2014043580203data-portal.finra.orgfinra.org

11/20/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT 20050034676-01 TO: Department of Enforcement NASD RE: Merrill Lynch, Pierce, Fenner & Smith, Inc. (BD No. 7691) Pursuant to Rule 9216 of NASD Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith, Inc. ("Merrill") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below.

Reference 2005003467601data-portal.finra.orgfinra.org

12/31/2007: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20041000170-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Banc of America Securities LLC, Respondent Broker-Dealer CRD Number 26091 Pursuant to NASD Rule 9216 of the FINRA Code of Procedure, Banc of America Securities LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC")

Reference 2004100017001data-portal.finra.orgfinra.org

03/15/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. E9B20030421-04 TO: Department of Enforcement NASD RE: Merrill Lynch, Pierce, Fenner & Smith Inc, BD No. 7691 Pursuant to Rule 9216 of NASD's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Inc. (''Merrill Lynch") submits this Letter of Acceptance, Waiver and Consent (''AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted, NASD will not

Reference E9B2003042104finra.orgdata-portal.finra.org

12/12/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20080132132-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a

Reference 2008013213201data-portal.finra.orgfinra.org

08/17/2017: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE WAIVER AND CONSENT N0. 20160493818-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FlNRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated (the "firm" or "Respondent") submit this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing

Reference 2016049381801finra.orgdata-portal.finra.org

03/12/2007: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO.## 20050000639-01 TO: Market Regulation Department NASD RE: Banc of America Securities LLC, Respondent CRD No. 26091 Pursuant to Rule 9216 of NASD Code of Procedure, Banc of America Securities LLC ("BOFA" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settle

Reference 2005000063901data-portal.finra.orgfinra.org

06/04/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2017053494401 TO: Department of Enforcement Financial Industry Regulatory Authority (“FINRA”) RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent, Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch” or the “Firm”) submits this Letter of Acceptance, Waiver and Consent (“AWC”) for the purpose of proposing a settlement of the alleged rule violations

Reference 2017053494401data-portal.finra.orgfinra.org

08/10/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20120316450-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("BOFA" or the "firm") submits this

Reference 2012031645001data-portal.finra.orgfinra.org

02/20/2025: From July 2020 to June 2023, Merrill Lynch accepted market orders for the purchase of shares of equity new issues in the secondary market prior to the commencement of trading of such shares in the secondary market. As a result, it violated FINRA Rules 5131(d)(4) and 2010. From July 2020 to present, Merrill Lynch violated FINRA Rules 3110(a) and (b) and 2010 by failing to establish and maintain a supervisory system, including written procedures, reasonably designed to achieve compliance with FINRA Rule 5131(d)(4). For these violations, Merrill Lynch is censured, fined $275,000, and agreed to undertake corrective action.

Reference 2021070593301data-portal.finra.orgfinra.org

01/24/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. E062002029302 TO: Department of Enforcement NASD RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent [CRD No. 7691] Pursuant to Rule 9216 of the NASD Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted,

Reference E062002029302data-portal.finra.orgfinra.org

04/08/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2011026254401 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Inc., Respondent Member CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Inc. ("Merrill Lynch" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ( AWC") for the purpose of proposing a settlement of the alleged

Reference 2011026254401data-portal.finra.orgfinra.org

12/19/2017: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2014041808101 TO: Department of Enforcement Financial Industry Regulatory Authority (“FINRA”) RE: Merrill Lynch, Pierce, Fenner & Smith Inc., Respondent (CRD No. 7691) Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Inc. (“Merrill” or the “Firm”) submits this Letter of Acceptance, Waiver and Consent (“AWC”) for the purpose of proposing a

Reference 2014041808101data-portal.finra.orgfinra.org

11/30/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2014042578001 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill," "Respondent," or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing

Reference 2014042578001finra.orgdata-portal.finra.org

03/30/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2013038684001 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (Respondent) Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill or the firm) submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2013038684001data-portal.finra.orgfinra.org

06/11/2026: From January 2018 through December 2023, Merrill Lynch invited customers who phoned its call centers to complete a post-call survey, which included a written commentary section. However, the firm did not reasonably review the written responses to identify customer complaints and failed to reasonably supervise to achieve compliance with its quarterly summary and statistical customer complaint reporting obligations under FINRA Rule 4530( d). As a result, Merrill Lynch did not report thousands of customer complaints in the survey responses to FINRA. Therefore, the firm violated FINRA Rules 4530(d), 3110(a) and (b), and 2010, and is censured and fined $225,000...

Reference 2024081776401finra.orgdata-portal.finra.org

10/07/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT(Corrected)1 NO. 2011030744101 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch" or the "Firm") (CRD No. 7691). Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement

Reference 2011030744101data-portal.finra.orgfinra.org

11/06/2019: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2015044526701 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch," "Respondent," or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2015044526701data-portal.finra.orgfinra.org

04/25/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20050000655-01 TO: Market Regulation Department NASD RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent CRD No. 7691 Pursuant to Rule 9216 of the NASD Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated, ("MLCO" or the "firm"), submits this Letter of Acceptance. Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the

Reference 2005000065501data-portal.finra.orgfinra.org

09/20/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20110288167-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or the '"firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose

Reference 2011028816701data-portal.finra.orgfinra.org

09/26/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20110255802-02 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill" or the "Firm") (BD No. 7691) Respondent Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below. This

Reference 2011025580202data-portal.finra.orgfinra.org

07/21/2009: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2008012391401 TO: Department of Enforcement ("Enforcement") Financial Industry Regulatory Authority ("FINRA'') RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated (the "Firm" or "Merrill Lynch") submits this Letter of Acceptance, Waiver and Consent

Reference 2008012391401data-portal.finra.orgfinra.org

12/08/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2008015717401 TO: Department of Enforcement Financial Industry Regulaton Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Respondent" or "the Firm" or "Merrill Lynch") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a

Reference 2008015717401data-portal.finra.orgfinra.org

03/22/2005: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT CLG050031 TO: Market Regulation Department NASD RE: Banc of America Securities LLC, Respondent CRD No. 26091 Pursuant to Rule 9216 of NASD Code of Procedure, Banc of America Securities LLC ("MONT/BOFA" or the "firm") 1 submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted, NASD will

Reference CLG050031data-portal.finra.orgfinra.org

03/23/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT 20042000136-01 TO: Market Regulation Department NASD RE: Merrill, Lynch, Pierce, Fenner & Smith, Inc., Respondent Broker-Dealer CRD No, 7691 Pursuant to Rule 9216 of NASD Code of Procedure, Merrill, Lynch, Pierce, Fenner & Smith, Inc. ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in

Reference 2004200013601data-portal.finra.orgfinra.org

10/04/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2016050801701 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (Respondent) Member Firm BD No. 7691 Pursuant to FINRA Rule 9216, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill) submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations

Reference 2016050801701data-portal.finra.orgfinra.org

03/15/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2013037678901 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC")

Reference 2013037678901data-portal.finra.orgfinra.org

08/18/2010: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2008015701301 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner, & Smith incorporated, Respondent Member Firm (CRD No. 7691). Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner, & Smith Incorporated ("Respondent" or "Merrill Lynch" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for

Reference 2008015701301data-portal.finra.orgfinra.org

06/21/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT 2008014187701 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (''Merrill Lynch" or the "Firm"), Respondent FINRA Regulated Firm CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2008014187701data-portal.finra.orgfinra.org

02/15/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20090186444-01 TO: Department of Market Regulation Financial Industry Regulatory Authority (''FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLMA'' or "the firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose

Reference 2009018644401data-portal.finra.orgfinra.org

12/13/2018: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2014041490801 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Inc., Respondent Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Inc. ("Merrill Lynch" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC")

Reference 2014041490801data-portal.finra.orgfinra.org

02/28/2008: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. EAF0401090003 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") (f/k/a NASD) RE: Merrill Lynch, Pierce, Fenner & Smith, Inc., Respondent Member Firm (CRD No. 7691) Pursuant to Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith, Inc. ("Respondent" or "Merrill Lynch" or the "Firm") submits this Letter of Acceptance, Waiver and Consent (''AWC") for the purpose

Reference EAF0401090003data-portal.finra.orgfinra.org

08/17/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. E072005014801 TO: Department of Enforcement NASD RE: Banc of America Securities, LLC, Respondent Member [BD No. 2609] Pursuant to Rule 9216 of NASD Code of Procedure, Respondent submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted, NASD will not bring any future actions against us alleging

Reference E072005014801data-portal.finra.orgfinra.org

09/24/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20090203563 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith, Incorporated ("Merrill Lynch" or the ''Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the

Reference 2009020356301finra.orgdata-portal.finra.org

06/26/2008: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20060041509-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Banc of America Securities LLC, Respondent Broker-Dealer CRD Number 26091 Pursuant to NASD Rule 9216 of the FINRA Code of Procedure, Banc of America Securities LLC (the ''firm'') submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement

Reference 2006004150901data-portal.finra.orgfinra.org

12/19/2005: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. EAF03007200-01 TO: Department of Enforcement NASD RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Member Firm BD No. 7691 Pursuant to Rule 9216 of NASD's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the all the alleged rule violations described in Part II below. This

Reference EAF0300720001data-portal.finra.orgfinra.org

12/15/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20150439998-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith, Inc., Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith, Inc. (the ''firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent (''AWC") for the purpose of proposing a settlement of

Reference 2015043999801data-portal.finra.orgfinra.org

08/05/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO.20120325016-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("the firm") submits this Letter of Acceptance, Waiver and Consent ("AWC”)

Reference 2012032501601data-portal.finra.orgfinra.org

11/23/2010: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20090189070 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a

Reference 2009018907001data-portal.finra.orgfinra.org

07/22/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2015045603201 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce, Fenner & Smith Inc., Respondent Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Inc. submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2015045603201data-portal.finra.orgfinra.org

05/09/2024: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2017054488401 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (Respondent) Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill) submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted on the condition that, if accepted, FINRA will not bring any future actions against Respondent alleging violations based on the same factual findings described in this AWC.

Reference 2017054488401data-portal.finra.orgfinra.org

06/19/2007: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO.## 20050017881-01 TO: Market Regulation Department NASD RE: Banc of America Securities LLC, Respondent CRD No, 26091 Pursuant to Rule 9216 of NASD Code of Procedure, Banc of America Securities LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted, NASD will not bring any

Reference 2005001788101data-portal.finra.orgfinra.org

01/24/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20090174104-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Banc of America Securities LLC (now known as Merrill Lynch, Pierce, Fenner & Smith Inc.) Respondent Broker-Dealer CRD No. 26091 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Banc of America Securities LLC ("BOFA'' or the "Firm) (now known as Merrill Lynch, Pierce, Fenner & Smith Inc., CRD No. 7691)

Reference 2009017410401data-portal.finra.orgfinra.org

07/26/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2009020383001 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is

Reference 2009020383001data-portal.finra.orgfinra.org

06/11/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2010022011901 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith, Incorporated, Respondent Broker-Dealer [CRD No. 7691] Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated (hereinafter, "Merrill Lynch," "Firm," or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the

Reference 2010022011901data-portal.finra.orgfinra.org

06/25/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2017053437701 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (Respondent) Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216, Respondent Merrill Lynch, Pierce, Fenner & Smith Inc. submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2017053437701data-portal.finra.orgfinra.org

01/25/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20080163822-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA'') RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedures Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of

Reference 2008016382201data-portal.finra.orgfinra.org

05/02/2005: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT CLG050051 TO: Market Regulation Department NASD RE: Banc of America Securities LLC, Respondent CRD No. 26091 Pursuant to Rule 9216 of NASD Code of Procedure, Banc of America Securities LLC ("MONT/BOFA" or the ''firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted, NASD will not bring any

Reference CLG050051data-portal.finra.orgfinra.org

01/25/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2009020188101 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is

Reference 2009020188101data-portal.finra.orgfinra.org

10/04/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20080139905-02 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith lnc., Respondent CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Inc. ("Merrill Lynch" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule

Reference 2008013990502data-portal.finra.orgfinra.org

02/24/2010: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20060055266-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith, Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of the FINRA Code of Merrill Lynch, Pierce, Fenner & Smith, Inc. (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule

Reference 2006005526601finra.orgdata-portal.finra.org

06/15/2007: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT 20050021177-01 TO. Market Regulation Department NASD RE: Merrill Lynch, Pierce, Fenner & Smith, Inc., Respondent Broker-Dealer CRD No. 7691 Pursuant to Rule 9216 of NASD Code of Procedure, Merrill Lynch, Pierce, Fenncr & Smith. purpose of proposing a settlement of the

Reference 2005002117701finra.orgdata-portal.finra.org

sec.govsec.gov

01/03/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20090191679-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Banc of America Securities LLC, Respondent Broker-Dealer CRD No. 26091 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Banc of America Securities LLC ("BOFA" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2009019167901finra.orgdata-portal.finra.org

01/03/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2016049250601 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2016049250601data-portal.finra.orgfinra.org

08/14/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2011028587-01 T0: Department of Market Regulation Financial industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce. Fenner & Smith Incorporated ("MLCO" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of

Reference 2011028587301data-portal.finra.orgfinra.org

04/06/2018: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2013037652201 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC")

Reference 2013037652201data-portal.finra.orgfinra.org

08/26/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20140429621-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent (''AWC") for the purpose of

Reference 2014042962101data-portal.finra.orgfinra.org

06/23/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2012032967901 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith incorporated, Respondent CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch," the "Firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent (''AWC") for the purpose of

Reference 2012032967901data-portal.finra.orgfinra.org

03/24/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO 2009020201201 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose

Reference 2009020201201data-portal.finra.orgfinra.org

05/16/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO.20080147326-01 TO: Department of Market Regulation Financial Industry Regulatory Authority (''FlNRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose

Reference 2008014732601data-portal.finra.orgfinra.org

08/21/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO.20080128986-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a

Reference 2008012898601data-portal.finra.orgfinra.org

07/28/2009: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT No. 2005002254701 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA'') RE: Merrill Lynch, Pierce, Fenner & Smith, Inc., Respondent, CRD # 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2005002254701data-portal.finra.orgfinra.org

11/18/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20090169999-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Inc. ("MLCO"), Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Inc. ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of

Reference 2009016999901data-portal.finra.orgfinra.org

12/16/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT No. 2013038772501 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") FROM: Merrill Lynch. Pierce, Fenner & Smith, lncorporated, Respondent Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith, lncorporated ("Merrill," "Respondent" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC")

Reference 2013038772501data-portal.finra.orgfinra.org

05/29/2007: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO.## 20050000186-01 TO: Market Regulation Department NASD RE: Banc of America Securities LLC, Respondent CRD No. 26091 Pursuant to Rule 9216 of NASD Code of Procedure, Banc of America Securities LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of

Reference 2005000018601data-portal.finra.orgfinra.org

12/21/2017: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2012035224301 TO: Department of Enforcement Financial Industry Regulatory Authority (“FINRA”) RE: Merrill Lynch, Pierce, Fenner & Smith Inc., Respondent (CRD No. 7691) Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Inc. (“Merrill Lynch” or the “Firm”) submits this Letter of Acceptance, Waiver and Consent (“AWC”) for the purpose of proposing a

Reference 2012035224301finra.orgdata-portal.finra.org

03/06/2018: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2016049858101 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent

Reference 2016049858101data-portal.finra.orgfinra.org

05/01/2023: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019062900001 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (Respondent) Member Firm CRDNo. 7691 Pursuant to FINRA Rule 9216, Respondent Merrill Lynch submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted on the condition that, if accepted, FINRA will not bring any future actions against Respondent alleging violations based on the same factual findings described in this AWC.

Reference 2019062900001data-portal.finra.orgfinra.org

06/01/2005: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT CLG050067 TO: Market Regulation Department NASD RE: Merrill, Lynch, Pierce, Fenner & Smith, Inc., Respondent Broker-Dealer CRD No. 7691 Pursuant to Rule 9216 of NASD Code of Procedure, Merrill, Lynch, Pierce, Fenner & Smith, Inc. ("MLCO" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the

Reference CLG050067data-portal.finra.orgfinra.org

06/26/2007: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT 20050002612-01 TO: Market Regulation Department NASD RE: Merrill, Lynch, Pierce, Fenner & Smith, Inc., Respondent Broker-Dealer CRD No. 7691 Pursuant to NASD Rule 9216, Merrill. Lynch, Pierce, Fenner & Smith, Inc. ("MLCO'' or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on

Reference 2005000261201data-portal.finra.orgfinra.org

sec.govsec.gov

05/16/2017: FlNANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20110288421-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated "BOFA" "MLMA" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the

Reference 2011028842101data-portal.finra.orgfinra.org

01/19/2018: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20140404007-01 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO", the "firm", or "Respondent") submits this

Reference 2014040400701data-portal.finra.orgfinra.org

06/16/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2011029999301 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch" or the "Firm"), Respondent CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, the Firm submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the

Reference 2011029999301finra.orgdata-portal.finra.org

05/24/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENTNO. 20070103675-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Banc of America Securities LLC Broker-Dealer CRD No. 26091 Pursuant to FINRA Rule 9216 of the FINRA Code of Procedure, Banc of America Securities LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2007010367501data-portal.finra.orgfinra.org

03/04/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20080146363-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLCO" or "MLMA" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of

Reference 2008014636301data-portal.finra.orgfinra.org

05/09/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20080123505-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith incorporated ("MLCO" or the "Firm'') submits this Letter of Acceptance. Waiver and Consent ("AWC") for the purpose

Reference 2008012350501data-portal.finra.orgfinra.org

12/26/2019: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2018059381801 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch" or the "Firm") submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2018059381801finra.orgdata-portal.finra.org

10/24/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WNNER AND CONSENT NO. 20090201082-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Inc., Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch Pierce, Fenner & Smith Inc. (''the firm") submits this Letter of Acceptance, Waiver and Consent (''AWC") for the purpose of proposing a settlement of the alleged

Reference 2009020108201data-portal.finra.orgfinra.org

12/20/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2018057201801 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (Respondent) Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216, Respondent Merrill Lynch, Pierce, Fenner & Smith Incorporated submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2018057201801data-portal.finra.orgfinra.org

05/13/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2018058319801 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Merrill Lynch, Pierce Fenner & Smith Incorporated, Respondent Member Firm CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Merrill Lynch, Pierce Fenner & Smith Incorporated ("Merrill Lynch" or the "Firm") submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2018058319801data-portal.finra.orgfinra.org

10/21/2014: FINRA FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20100229508-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated (the "firm'') submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose

Reference 2010022950801data-portal.finra.orgfinra.org

06/04/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2008014763601 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD No. 7691), as successor in interest to Banc of America Investment Services, Inc. (CRD No. 16361), Respondent Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a

Reference 2008014763601data-portal.finra.orgfinra.org

12/27/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2010022049801 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Respondent Broker-Dealer CRD No. 7691 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Merrill Lynch, Pierce, Fenner & Smith Incorporated, CRD No. 82097691 (''Merrill Lynch") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a

Reference 2010022049801data-portal.finra.orgfinra.org