The Financial Industry Regulatory Authority has fined Merrill Lynch $500,000 for failing to file or promptly file certain required disclosures that the self-regulatory organization argues resulted in hidden investment risks and possible harm to investors.

During a span of six years, from 2005 through August 2011, Merrill Lynch mishandled the filing of 1,200 disclosures, according to FINRA. Those disclosures included arbitrations, civil lawsuits, customer complaints and registration records to disclose the hiring and termination of its brokers.

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