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.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016