(, ) is an
Investment Banking and
Stock Broker age company based in
New York City . As one of the world's largest financial management and advisory companies, it has one of the more recognizable names in the world of finance. The company occupies the entire 34 stories of the Four
World Financial Center building in
Manhattan .
The company was founded on
January 7 ,
1914 , when
Charles E. Merrill & Co. opened for business at 7
Wall Street in
New York City . A few months later, Merrill's friend, Edmund C. Lynch, joined him and in
1915 the name was officially changed to Merrill Lynch & Co. In the
1920s the firm's New York office was at 120
Broadway , and it also had offices in
Detroit ,
Chicago ,
Denver ,
Los Angeles and
Dublin .
Today, the
Multinational Corporation operates in more than 40 countries around the world, managing client assets in excess of US $1.8
Trillion .
A settlement reached in May 2002 with New York
Attorney General Eliot Spitzer imposed a $100 million fine as well as an agreement to sever all links between analysts' pay and investment banking
Revenue . The settlement was related to wrongdoings by equity analyst
Henry Blodget . In December 2002 the company was fined an additional $100 million.
In February 2005, Merrill Lynch has been ordered by an arbitration panel of the
National Association Of Securities Dealers to pay over $1 million to Gary and Lisa Friedman on their claim that Merrill Lynch hid conflicts of interest and issued fraudulent analyst reports and ratings in order to boost the firm's investment banking revenue.
Job: name, age, pay
