<div id="subtitle">Merrill Lynch to pay Va. $425,000 to settle allegations of unregistered client associates</div><div><p>Virginia will receive $425,000 from Merrill Lynch to settle allegations that some of the firm's client associates in the commonwealth weren't registered.</p><p>The State Corporation Commission said Wednesday that the settlement stemmed from a multistate investigation.</p><p>About 60 percent of Merrill Lynch's client associates were registered only in their home state or in their home state and one other state.</p><p>Typically, client associates provide administrative and sales support to Merrill Lynch's financial advisers.</p><p>According to the commission, Merrill Lynch has implemented a new internal system to comply with registration requirements.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=65557959&bid=informcom" /></div><div id="copyright"><div>

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