Former Merrill Lynch Adviser Barred by SEC
From the Desk of Jim Eccleston at Eccleston Law LLC:
The Securities and Exchange Commission (“SEC”) has barred Marcus Boggs. Boggs had previously been terminated from Merrill Lynch and barred by the Financial Industry Regulatory Authority (“FINRA”).
The bar from the SEC was issued in an Order dated March 16, 2020. Boggs had submitted an Offer of Settlement, which the SEC accepted in the March 16 Order. According to the Order, Boggs sold securities in his clients’ advisory accounts and then transferred the funds produced in those transactions into his personal credit card account. The SEC alleged that Boggs made more than 200 illegal transfers from 2016 to 2018. In total, The SEC alleged that Boggs stole more than $1.7 million from at least three clients.
The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities Fraud, Compliance Protection, Breach of Fiduciary Duty, FINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.
Related Attorneys: James J. Eccleston
Tags: eccleston, eccleston law, james eccleston, merrill lynch, sec, finra, marcus boggs