Bank of America's Merrill Lynch brokerage unit agreed to pay a $2.5 million fine in Massachusetts to settle charges that it failed to follow its own compliance rules, the state's top securities regulator said on Monday.
The UK's Financial Conduct Authority is to launch a market study on asset management to examine charges paid by investors, the regulator said on Tuesday, as it laid out its business plan for the coming year.
Former NFL star Darren Sharper admitted in court on Monday to drugging and raping women in California and Arizona and was expected to plead guilty in a similar Nevada case in plea deals prosecutors say will land him in prison for at least nine years.
Robert Durst, the real estate scion awaiting extradition to California to face a murder charge, was denied bail on Monday after a judge deemed him to be a potential danger to others and a likely flight risk.
