According to reports, the bank has agreed to pay the amount, subject to authorisation by the SEC, without admitting or denying any wrongdoing.
The SEC investigation, which was examining two transactions between Merrill Lynch and Enron in 1999, would then be concluded.
The payment would be made up of disgorgement, penalties and interest and would be recorded in its fourth quarter 2002 results.
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes