Merrill Lynch Chief Compliance Officer (ex-officio) William Galvin
Who have now fined the company $2.5 million for not running some PowerPoint slideshows past compliance before showing them to a few hundred employees.
The two presentations were made to certain Merrill financial advisers in January 2013, drawing more than 300 attendees, according to a statement from Sec. Galvin. The presentations were put on before they were reviewed by Merrill’s compliance staff, in violation of the company’s policy, the statement said.