NASD has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $5 Million for supervisory failures, registration violations, impermissible sales contests and other violations in connection with the operation of its Financial Advisory Center located in Hopewell, NJ and Jacksonville, FL. For more info visit https://www.finextra.com/pressarticle/8477/nasd-fines-merrill-lynch-5-million-for-call-centre-failings