Published October 27, 2014 12:06pm EDT | Updated January 8, 2015 2:42pm EST

Finra Fines Merrill Lynch $6 Million Over Short-selling

The Financial Industry Regulatory Authority said it's fined Merrill Lynch a total of $6 million for not following, and not adequately supervising, rules on short selling. Finra found Merrill Lynch, a unit of Bank of America , didn't close out certain fail-to-deliver positions.