ML cites concerns in banning clients and financial advisers who trade on their behalf from BTC
The Wall Street Journal says they have sighted an internal bank memo:
Ban applies to all accounts
Author: Eamonn Sheridan
The Wall Street Journal says they have sighted an internal bank memo:
- "The decision to close GBTC to new purchases is driven by concerns pertaining to suitability and eligibility standards of this product"
Ban applies to all accounts
- ML's advisers not allowed to pitch bitcoin-related investments but also are stopped from executing client requests to trade the Grayscale Investment Trust bitcoin fund
- Ban extends an existing policy barring access to bitcoin futures
- Merrill Lynch Bars Trading of Bitcoin Fund, Futures
Firm has already denied clients access to the bitcoin futures markets
Author: Eamonn Sheridan