Tagged with "Merrill Lynch"

Arbitrators Clear Former Merrill Advisor Of Former Partner’s Misconduct

Posted on April 28th, 2022 at 1:23 PM
Arbitrators Clear Former Merrill Advisor Of Former Partner’s Misconduct

A former Kentucky-based Merrill advisor will have his record cleared of an investor complaint pertaining to the conduct of his former partner who was convicted of theft, according to a Financial Industry Regulatory Authority (FINRA) arbitration award.

 
 

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Smoothie-Throwing Advisor Suspended By CFP Board

Posted on February 15th, 2022 at 1:21 PM
Smoothie-Throwing Advisor Suspended By CFP Board

A former Merrill Lynch advisor has been suspended by the CFP Board after he was arrested for threatening employees and using racial slurs at a smoothie shop in Connecticut.

 
 
 
 

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FINRA Fines Merrill Lynch $1.2 Million Over Delays In Complying With Investigations

Posted on December 29th, 2021 at 1:11 PM
FINRA Fines Merrill Lynch $1.2 Million Over Delays In Complying With Investigations

The Financial Industry Regulatory Authority (FINRA) has levied a $1.2 million fine against Merrill Lynch for allegedly failing to comply with two separate FINRA enforcement investigations, which lead to the suspension of one advisor and the barring of another.

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Former Merrill Advisor Who Joined J.P. Morgan Sues Her Own Firm For Poaching Clients

Posted on December 8th, 2021 at 1:49 PM
Former Merrill Advisor Who Joined J.P. Morgan Sues Her Own Firm For Poaching Clients

A high-producing Northern California advisor who departed Merrill Lynch for J.P. Morgan last October is suing J.P. Morgan’s brokerage business alleging “ruthless” poaching from her billion-dollar book of clients.

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Former Merrill Lynch Advisors Convicted Of Manipulating Market

Posted on August 16th, 2021 at 12:58 PM
Former Merrill Lynch Advisors Convicted Of Manipulating Market

Two former Merrill Lynch advisors, Edward Bases and John Pacilio, have been convicted of fraudulently manipulating the precious metals market with false orders, which enabled the advisors to complete trades at more favorable prices.

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FINRA Suspends Former Merrill Advisor Who Improperly Sought Covid-Relief Loan

Posted on August 6th, 2021 at 12:03 PM
FINRA Suspends Former Merrill Advisor Who Improperly Sought Covid-Relief Loan

The Financial Industry Regulatory Authority (FINRA) levied a seven-month suspension against an ex-Merrill advisor, Evelyn Batista, as the regulator continues to hunt for advisors who improperly sought Covid-relief loans.

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Merrill Drops TRO Bid After RBC Team Returns iPads

Posted on June 23rd, 2021 at 12:08 PM
Merrill Drops TRO Bid After RBC Team Returns iPads

After filing for a TRO in early June, Merrill Lynch has elected to dismiss a federal lawsuit against a Maryland-based team that left for RBC Wealth Management.

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Merrill Lynch Granted “Limited” TRO to Enjoin Wells Fargo Team in Tennessee

Posted on April 15th, 2021 at 8:52 AM
Merrill Lynch Granted “Limited” TRO to Enjoin Wells Fargo Team in Tennessee

A Tennessee judge has issued a "limited" temporary restraining order (TRO) against a Wells Fargo Advisors team.

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Merrill Lynch Seeks TRO to Stop Transitioning Tennessee Advisor Team

Posted on April 2nd, 2021 at 9:39 AM
Merrill Lynch Seeks TRO to Stop Transitioning Tennessee Advisor Team

Merrill Lynch has requested that a judge block a team of Wells Fargo Advisors from contacting their former customers, purportedly in violation of their employment and bank referral agreements.

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Former Merrill Broker Pleads Guilty to $3 Million Wire Fraud

Posted on March 23rd, 2021 at 12:39 PM
Former Merrill Broker Pleads Guilty to $3 Million Wire Fraud

Marcus Boggs, who spent 12 years with Merrill, admitted he stole more than $3 million from multiple clients for personal expenses, including luxury hotel stays and expensive dinners.

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LATEST NEWS AND ARTICLES

September 23, 2022
CFP Board Lifts Interim Suspension of Former UBS Advisor

The Certified Financial Planner Board of Standards (CFP Board) has lifted an interim suspension it had imposed against a former UBS advisor after criminal fraud charges against him were recently dismissed.

September 22, 2022
FINRA Penalizes Baird Over $100 Trading Commissions

The Financial Industry Regulatory Authority (FINRA) has ordered Robert W. Baird & Co. to pay $461,481 plus interest due to allegations that the firm overcharged its clients on thousands of equity transactions for at least one year.

September 21, 2022
FINRA Arbitrators Award Nearly $470,000 To Investors in UBS YES Product

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered UBS to pay nearly $470,000 to clients who invested in a complex options strategy, known as the YES or Yield Enhancement Strategy.