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November 16, 1912

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Former Merrill Lynch Advisor Settled SEC Charges That He Defrauded Clients

A former Merrill Lynch advisor has settled SEC charges that he defrauded clients out of nearly $3 million through a non-existent private-equity fund.

News

Bessent Says Fed ‘A Little Off,’ Flags Signal From Two-Year Rate

Treas. Sec. Bessent questioned Fed policymakers’ judgment on interest rates, reiterating two-year Treasury yields are signal benchmark rate too high.

Washington Wire