Merrill Lynch Ends Relationship with 44-Year Veteran in Indianapolis for Policy Violations

Posted on July 6th, 2023 at 1:13 PM
Merrill Lynch Ends Relationship with 44-Year Veteran in Indianapolis for Policy Violations

From the desk of Jim Eccleston at Eccleston Law 

Merrill Lynch has ended its association with Bruce McCaw, a highly experienced industry professional who began his career in 1971.

McCaw, who had been with Merrill for 44 out of his 51 years in the industry and operated from an Indianapolis office, was terminated on Monday for breaching firm policies related to order entry, order acceptance, books and records, and communications. The reason for his departure was disclosed in a publicly available U5 filing.

With client assets totaling $445 million, McCaw held a prominent position in the industry and was ranked #47 in the state by Forbes in 2021.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

 

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next

You guys are good!

Mike L.

LATEST NEWS AND ARTICLES

December 22, 2025
FINRA Overhauls Arbitration Rules to Rebalance Arbitrator Selection and Codify Forum Practices

The Financial Industry Regulatory Authority (FINRA) has approved significant amendments to its Codes of Arbitration Procedure designed to rebalance public arbitrator selection, increase transparency, and formalize several long-standing practices in the arbitration forum.

December 19, 2025
Industry Groups Press Senate at Advance Financial Exploitation Prevention Act

Several industry associations are urging the U.S. Senate to pass the Financial Exploitation Prevention Act, legislation that would allow mutual fund companies and their transfer agents to delay redemptions when they reasonably suspect elder financial abuse.

December 18, 2025
UBS Warns of Rising Default Risk in Private Credit

A UBS report signals that credit stress likely will intensify next year as borrowers confront inflation, elevated interest costs, and softening consumer conditions.