Vermont to receive $140,000 from Merrill Lynch and agent for unauthorized actions

News Release — Department of Financial RegulationFeb. 22, 2018
Contact:Stephanie Brackin, Information Management Officer, 802-828-4872
Customer spurs investigation with complaint, receives full restitution
MONTPELIER, VT – The State of Vermont will receive $140,000 from Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch) and Lawrence K. Barber as a result of a Department of Financial Regulation investigation. Commissioner Michael S. Pieciak announced today that Mer