# CFTC Orders Merrill, Lynch, Pierce, Fenner & Smith Incorporated to Pay $2.5 Million to Settle Charges of Supervision Failures and Recordkeeping Violations

> CFTC release 7615-17 · 2017-09-23 · **Settlement** · ENFORCEMENT

## Key facts

- **Release number:** 7615-17
- **Release date:** 2017-09-23
- **Type:** Settlement
- **Title:** CFTC Orders Merrill, Lynch, Pierce, Fenner & Smith Incorporated to Pay $2.5 Million to Settle Charges of Supervision Failures and Recordkeeping Violations
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7615-17

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7615-17, "CFTC Orders Merrill, Lynch, Pierce, Fenner & Smith Incorporated to Pay $2.5 Million to Settle Charges of Supervision Failures and Recordkeeping Violations", 2017-09-23. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/7615-17.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*