fbpx

Category: Merrill Lynch

Merrill Lynch Sanctioned by FINRA For Lack of Supervision

Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD No. 7691) is a long-term member of FINRA for more than 80 years, and recently resolved a FINRA investigation involving its failure to supervise mutual fund transactions between 2015 and 2021. The FINRA sanction imposes a censure and directs Merrill Lynch to pay $13.4M in restitution plus […]

Merrill Lynch Financial Advisor Joshua Nicholas Barred By FINRA

Joshua Nicholas (CRD#: 6529944) is a previously registered Broker and previously registered Investment Advisor. Broker’s Background He entered the securities industry in 2016 and previously worked for Merrill Lynch, Pierce, Fenner & Smith, Inc., and Midtown Partners. Current And Past Allegations Of Conduct Leading To Investment Loss According to publicly available records released by the […]

Joshua Nicholas Barred by FINRA After Allegations of Outside Futures Trading

Joshua Nicholas (CRD#: 6529944) is a previously registered Broker and previously registered Investment Advisor. Broker’s Background He entered the securities industry in 2016 and previously worked for Merrill Lynch, Pierce, Fenner & Smith, Inc.; and Midtown Partners. Current And Past Allegations Of Conduct Leading To Investment Loss According to publicly available records released by the […]

FINRA Fines Multiple Brokerage Firms For Short Term Trading In Unit Investment Trusts

The Financial Industry Regulatory Authority (FINRA) has completed its sweep of broker-dealers’ unlawful sales practices relating to unit investment trusts, and as a result, issued fines to several of them. Areas of concern to FINRA included suitability, supervision, and excessive trading in violation of FINRA Rules. What is a Unit Investment Trust (UIT) A Unit […]

Allegations of Selling Away Made Against Broker Todd Mercer

Todd Mercer (CRD#: 2270311) is a dually registered Broker and Investment Advisor at Sanctuary Securities, Inc. in Indianapolis, IN. Broker’s Background He entered the securities industry in 1992 and previously worked for Merrill Lynch, Pierce, Fenner & Smith, Inc.; UBS Financial Services, Inc.; Morgan Keegan & Company, Inc.; Fifth Third Securities, Inc.; Liberty Securities Corporation; […]

Former Merrill Lynch Broker, Patrick Brown, Has Disclosed Settlement of $1.2 Million For The Alleged Fraudulent Transfer Of Stocks

Patrick Brown (CRD#: 6089009) is a previously registered Broker and previously registered Investment Advisor. He entered the securities industry in 2012 and previously worked for Merrill Lynch, Pierce, Fenner & Smith, Inc.   According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in September 2020, received an allegation against Patrick Brown. […]

Former Merrill Lynch, Pierce, Fenner & Smith Financial Advisor Peter Eckerline Has Nine Customer Complaint Disclosures, Alleging Sales Practice Misconduct

Peter Eckerline (CRD#: 1244319) is a previously registered Broker and Investment Advisor. He entered the securities industry in 1984 and previously worked for Merrill Lynch, Pierce, Fenner & Smith, Inc., in Wayzata, MN. According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in June 2021, a customer dispute was filed against […]

Former Merrill Lynch Financial Advisor Peter Eckerline Has Nine Customer Complaints Disclosures, Alleging Sales Practice Misconduct

Peter Eckerline (CRD#: 1244319) is a previously registered Broker and Investment Advisor. He entered the securities industry in 1984 and previously worked for Merrill Lynch, Pierce, Fenner & Smith, Inc.   According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in June 2021, a customer dispute was filed against Peter Eckerline. […]

Merrill Lynch And Two Of Its Brokers, Kelly Feehrer And Scott Matthews, Sanctioned By FINRA For Unit Investment Trust Violations?

The Wolper Law Firm is currently investigating claims against Merrill Lynch’s based on its sales practices with regard to Unit Investment Trusts (UITs) and, specifically, the sales practices of Merrill Lynch James Financial Advisors, Kelly Feehrer and Scott Mathews. Kelly Feehrer has been in the securities industry since 1986 and Scott Matthews has been in […]

Former Investment Advisor and Broker at Merrill Lynch, Pierce, Fenner & Smith, Inc, Tyler Delahunt, Barred Indefinitely After Failing to Participate in FINRA Investigation After Allegations of Selling Away

Tyler Delahunt (CRD#: 4419594) was a previously registered Investment Advisor and Broker at Merrill Lynch, Pierce, Fenner & Smith, Inc., in Atlanta, GA. He entered the securities industry in 2001 and previously worked for PFS Investments, Inc.; Raymond James Financial Services, Inc.; Raymond James & Associates, Inc.; Merrill Lynch, Pierce, Fenner & Smith, Inc., and […]