Andrews Securities Litigation and Regulation Reporter
October 24, 2001
Copyright (c) 2001 Andrews Publications
TRANSACTION FEES NOT CONNECTED TO PURCHASE OF SECURITIES, SAYS N.Y. COURT
Spielman v. Merrill Lynch, Pierce, Fenner & Smith Inc.
A federal court in Manhattan has ruled that transaction fees for the purchase of securities are not “in connection with” the value of securities being purchased and not covered by federal securities laws. After Merrill Lynch removed the suit to...