CONCORD, N.H. (AP) - Merrill Lynch is paying New Hampshire $400,000 for violating telemarketing laws and has agreed to reform its telemarketing practices.

CONCORD, N.H. (AP) Merrill Lynch is paying New Hampshire $400,000 for violating telemarketing laws and has agreed to reform its telemarketing practices.

The Bureau of Securities Regulation on Tuesday released details of the settlement with the New York-based financial services company, its sixth telemarketing-related settlement in recent years.

Data from the Federal Trade Commission show New Hampshire has the highest number of registrations per capita on the National Do Not Call Registry.

The bureau has clearly stated its willingness to go after companies that violate the rules in New Hampshire. An investigation found Merrill Lynch's agents were calling people on the Do Not Call list and the company wasn't appropriately monitoring them.

The bureau settled a similar case with Edward Jones earlier this year for $750,000, the state's largest telemarketing settlement to date.