UPDATE 1-CFTC orders Bank of America broker-dealer unit to pay $2.5 mln penalty
September 22, 2017 at 12:26 PM EDT
WASHINGTON, Sept 22 (Reuters) - The U.S. Commodity Futures Trading Commission ordered Merrill Lynch, Pierce, Fenner & Smith Inc to pay a $2.5 million civil penalty on Friday for record-keeping violations and failing to properly supervise its traders in 2010.