The Financial Industry Regulatory Authority (FINRA) announced Wednesday it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $6.25 million and the firm will pay some $780,000 in restitution to 22 Puerto Rico customers who who were "highly concentrated and highly leveraged in Commonwealth securities."
The U.S. Environmental Protection Agency fined Pfizer Pharmaceuticals, LLC $190,000 for not disclosing chemical information at its plant in Barceloneta as required by the federal Clean Air Act’s chemical accident prevention, chemical safety, and risk management requirements.
A consent judgment has been filed in federal district court ordering a Yauco coffee grower to pay $101,484 in back wages to more than 170 year-round farm workers and seasonal coffee pickers who the company underpaid between 2011 and 2014.
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