Merrill Lynch Anniversary Reminds Wall Street of Ethics

April 1 is the 72nd anniversary of the day that a merger of brokers created Merrill Lynch, E. A. Pierce & Cassatt. While the predecessor firms trace their histories back almost a century, the brokerage known in the trade as ``Mother Merrill'' came together in 1940. Amid the incessant drumbeats of protesters and strident manifestos upon resignation, amid the debates over the Volcker rule and the Buffett tax, the words of Charles Merrill serve to remind the financial community of the quiet power of doing well by doing good.

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