Merrill Lynch Terminates Boston Broker Over Expense Account Filing

Posted on January 11th, 2017 at 9:04 AM
Merrill Lynch Terminates Boston Broker Over Expense Account Filing

From the Desk of Jim Eccleston at Eccleston Law LLC:

Merrill Lynch has discharged a broker with $1.4 billion of client assets for improperly submitting personal expenses for reimbursement, resulting in management’s loss of confidence.

Sandy M. Galuppo was the head of a corporate stock plan team at Merrill Lynch managing $15 billion until he was terminated. Galuppo was a major player in the Boston area and was ranked by several publications as a top industry advisor during the past three years.

According to BrokerCheck, Galuppo currently is not registered as licensed securities professional. He has been at Merrill Lynch his entire brokerage career, first registering with the firm in 1995. 

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of securities for financial advisors including Employment MattersTransition Contract ReviewState Licensing and RegistrationFINRA Defense, 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, Eccleston Law LLC, James Eccleston, Merrill Lynch, broker, personal expenses, reimbursement, Sandy M. Galuppo, Boston, top industry advisor, BrokerCheck, licensed securities professional,

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