WASHINGTON, Jan 30 (Reuters) - The U.S. Securities and Exchange Commission:
* Says charged Merrill Lynch and 2 of its former investment adviser representatives with misleading pension consulting clients and failint to disclose conflicts of interest when recommending them to use some of the firm's affiliated services.
* Says Merrill Lynch agreed to settle the charges and pay a $1 million penalty, and did not admit or deny the SEC allegations.
(Reporting by Julie Vorman; Washington desk for company news; +1 202 898 8400, washington.newsroom@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says charged Merrill Lynch and 2 of its former investment adviser representatives with misleading pension consulting clients and failint to disclose conflicts of interest when recommending them to use some of the firm's affiliated services.
* Says Merrill Lynch agreed to settle the charges and pay a $1 million penalty, and did not admit or deny the SEC allegations.
(Reporting by Julie Vorman; Washington desk for company news; +1 202 898 8400, washington.newsroom@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.