Merrill Lynch must pay $1.34 million to a Florida couple who alleged the brokerage misrepresented the risks of Fannie Mae preferred shares in 2009, when the housing finance company was on the brink of collapse, an arbitration panel ruled on Tuesday.
Merrill Lynch must pay $1.34 million to a Florida couple who alleged the brokerage misrepresented the risks of Fannie Mae preferred shares in 2009, when the housing finance company was on the brink of collapse, an arbitration panel ruled on Tuesday.
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