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FINRA Filed An Enforcement Proceeding Against Broker, Michael Ahearn, For Providing False Testimony To FINRA In Connection With An Investigation Into His Sales Practices

The Wolper Law Firm is currently investigating claims against Michael Ahearn, a former Financial Advisor at Merrill Lynch in Yardley, Pennsylvania. Michael Ahearn has been in the securities industry since the 1990s and previously worked at Wells Fargo.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on July 30, 2018, FINRA commenced an investigation against Michael Ahearn for “providing false written statements” to FINRA.  On September 12, 2018, FINRA officially filed an enforcement proceeding against Michael Ahearn for, among other things, allegedly falsifying account opening documents for a trust account held in the name of an elder, vulnerable adult.  When asked about the false documentation, Michael Ahearn allegedly lied.  After the misconduct was discovered, Michael Ahearn was discharged by Merrill Lynch.

This is not John Cutshall’s first alleged indiscretion.  In 2014, he was terminated by Morgan Stanley for engaging in conduct that violated firm policy.

To review a full copy of the FINRA Complaint, click http://www.finra.org/sites/default/files/fda_documents/2016051389101%20Michael%20John%20Ahearn%20CRD%202661001%20Complaint%20va.pdf

To review a full copy of John Cutshall’s FINRA disclosure report, click https://brokercheck.finra.org/individual/summary/2661001#disclosuresSection

If you or someone you know was a customer of Michael Ahearn and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@wolperlawfirm.com to discuss your specific situation and the legal options available.  The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]