Two Merrill Lynch Brokers Stole More Than $6M from 13 Clients
In December 2021, the Financial Industry Regulatory Authority (FINRA) fined Merrill Lynch in two separate matters.
One fine, of $950K, is because the firm allegedly failed to detect that two of its financial advisors had stolen more than $6M from 13 customers in schemes that occurred over several years. This purportedly involved the transmission of funds through automated clearing house (ACH) transfers that were “externally initiated.”
The post FINRA Fines Merrill Lynch $1.2M and $950K appeared first on Investor Lawyers Blog.
from Texas Bar Today https://ift.tt/3tjhmgM
via Abogado Aly Website
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