The SEC has filed a lawsuit against Merrill Lynch, accusing it of profiting from market fluctuations in client transactions

ChainCatcher news reports that, according to market news, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Merrill Lynch, accusing it of profiting from market fluctuations in client trades.

According to previous related reports, Merrill Lynch's brokerage division is providing Bitcoin spot ETF trading services to wealth management clients. Due to client demand, the bank initially offered the approved ETF products to some wealth management clients with brokerage accounts.