June 30, 2026
Featured
Investment Executive
The U.S. Securities and Exchange Commission (SEC) sanctioned Merrill Lynch, Pierce, Fenner & Smith Inc. for failing to file certain suspicious transaction reports from April 2020 to September 2024, breaching AML reporting and recordkeeping requirements. Merrill relied on its parent Bank of America's AML program, which led to inadequate investigation of potentially suspicious activities and failure to meet brokerage AML standards. Merrill agreed to a cease-and-desist order, censure, and a $7.5 million civil penalty without admitting wrongdoing. The firm cooperated with the SEC, implemented remedial measures including control revisions, retrospective STR filings, and engaged a compliance consultant to strengthen its AML program.
Read more →
Key Developments
AlphaDelta Advisory
AlphaDelta provides senior AML and compliance advisory to organizations navigating regulatory engagement, program development, and strategic change.
Important Disclosure
The Daily Delta is a curated news briefing produced by AlphaDelta Advisory Group for informational purposes only. It is designed to help readers identify relevant regulatory, enforcement, financial crime, and compliance developments and to direct readers to the original source materials.
Article titles, publisher names, and source links are provided for attribution and reference. Summaries are prepared in AlphaDelta’s own wording, including through the use of automated tools, to provide brief, non-comprehensive descriptions of selected developments. They are not intended to reproduce, replace, or serve as a substitute for the original articles, publications, regulatory guidance, or source materials.
Summaries may omit context, nuance, limitations, author views, subsequent updates, or other information contained in the original source. Readers should review the linked source materials directly before making compliance, legal, operational, policy, or business decisions.
AlphaDelta does not verify, endorse, or guarantee the accuracy, completeness, availability, or timeliness of third-party content referenced in this briefing. All third-party content, trademarks, article titles, publisher names, and related rights remain the property of their respective owners. Reference to third-party materials does not imply endorsement, affiliation, sponsorship, or approval by the original publisher or issuing authority.
If a rights holder believes any reference, summary, or link should be modified or removed, they may contact AlphaDelta Advisory Group at info@alphadeltaadvisory.com for review.
© 2026 AlphaDelta Enterprises Inc. All rights reserved.
