Fordham Law Professor Paul Radvany was quoted by OnWallStreet after Merrill Lynch received more than $400 million in penalties from the SEC and FINRA. Merrill Lynch admitted misconduct on one of the three regulatory actions, likely at the behest of the regulators.
“Where they think there is more egregious behavior, they are likely to require it,” says Paul Radvany, a law professor at Fordham University and a former deputy chief of the Criminal Division for the U.S. Attorney’s Office in the Southern District of New York.