​INUKSHUK INVESTMENTS​​

Merrill Lynch was recently fined more the $8 million for violating the anti-fraud and policies and procedures provisions of the Investment Advisers Act of 1940. In other words, the SEC found that Bank of America's Merrill failed to disclose a conflict of interest to more than 1,500 of Merrill’s retail advisory accounts who were sold approximately $575 million in products. Marc P. Berger, Director of the SEC’s New York Regional Office said that they failed to "disclose its own

One of the more powerful rules enacted through the Dodd-Frank Act after the last financial crisis enables insiders of companies to step forward to identify possible fraud. In 2016, three Merrill Lynch (Bank of America) employees had the courage (and financial incentive) to blow the whistle on complex transactions that artificially reduced the amount of customer funds that had to be set aside in reserve accounts. This illicit activity essentially allowed Merrill Lynch to finan