Tagged with "merrill"

Merrill Fined $950K After Supervision Enabled Two Advisors To Misappropriate $6 Million

Posted on December 27th, 2021 at 1:08 PM
Merrill Fined $950K After Supervision Enabled Two Advisors To Misappropriate $6 Million

The Financial Industry Regulatory Authority (FINRA) has ordered Merrill Lynch to pay a $950,000 fine for allegedly failing to detect flaws in its fraud detection systems, which allowed two advisors to misappropriate $6 million. Both advisors received prison sentences.

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FINRA Suspends Former Merrill Advisor For Failing to Disclose Felony Drug Charges

Posted on September 27th, 2021 at 2:30 PM
FINRA Suspends Former Merrill Advisor For Failing to Disclose Felony Drug Charges

The Financial Industry Regulatory Authority (FINRA) suspended a former Merrill Lynch advisor and fined him $5,000 for failing to disclose two felony drug charges on U4 forms.

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FINRA Orders Merrill to Pay $11.65 Million For UIT Rollover Violations

Posted on July 8th, 2021 at 1:45 PM
FINRA Orders Merrill to Pay $11.65 Million For UIT Rollover Violations

The Financial Industry Regulatory Authority (FINRA) has ordered Merrill Lynch to pay $11.65 million as part of a settlement.

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I learned two important things working with Eccleston Law. First, I made a friend and ally with Jim and Steph for life. Secondly, and this is a crucial life lesson - if you need counsel, then seek out the very best. Jim was referred to me by a most trusted source. I've never had to hire an attorney for anything. Now, I know the value of hiring an important partner. Meticulous, thorough and detailed in preparation is the best way to describe Jim. Brilliant too, I might add. Bottom line, I would highly highly recommend Jim and Stephany for your legal needs. One of the best life decisions I've ever made.

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LATEST NEWS AND ARTICLES

April 23, 2024
Surge Predicted in Regulation Best Interest Cases

According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.

April 22, 2024
FINRA Fines Independent Broker-Dealers Over Cybersecurity Lapses

The Financial Industry Regulatory Authority (FINRA) has imposed fines and censured independent broker-dealers Osaic Wealth and Securities America for cybersecurity deficiencies that led to hackers accessing the private information of more than 32,000 customers.

April 19, 2024
WealthFeed Raises Funds for AI-Driven Lead Generation Tool

WealthFeed leverages proprietary AI technology to collect nine real-time financial data points, including business sales, capital raises, inheritances, and job changes.