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Merrill's Latest Fine Is Tip of the Iceberg
Updated from 7:42 a.m.
Merrill Lynch(MER Quote) is once again the first Wall Street firm to pay for the sins of its investment bankers.
This time Merrill is paying for some of its business deals with Enron. The nation's biggest brokerage will pay an $80 million fine to the Securities and Exchange Commission to resolve an inquiry into two transactions that enabled the fallen energy trader to improperly inflate its earnings. ...
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