{"id":18205,"date":"2019-08-27T14:10:15","date_gmt":"2019-08-27T19:10:15","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=18205"},"modified":"2019-08-29T14:11:36","modified_gmt":"2019-08-29T19:11:36","slug":"ex-merrill-lynch-investment-adviser-accused-of-stealing-1-7m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-merrill-lynch-investment-adviser-accused-of-stealing-1-7m\/","title":{"rendered":"Ex-Merrill Lynch Investment Adviser Accused of Stealing $1.7M"},"content":{"rendered":"

Marcus Boggs, a former Merrill Lynch investment adviser<\/a>, is now facing US Securities and Exchange Commission (SEC) <\/a>charges accusing him of using $1.7M of client monies to pay his own credit card bills. According to the regulator, Boggs, who was a Chicago-based RIA, illegally transferred funds from the accounts of three retail advisory clients on more than 200 occasions.<\/p>\n

The firm fired him after finding out about the alleged misconduct, which would have taken place between 2016 and December 2018. Boggs was a registered investment adviser (RIA) with Merrill for 12 years, which was the entire time that he worked in the securities industry.<\/p>\n

His job was to offer investment advice to clients, and Boggs didn\u2019t have the authority or permission to liquidate the assets or trade in his alleged victims\u2019 accounts. However, he allegedly went on to sell securities in said accounts and directly take money out of them for his own use.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Marcus Boggs, a former Merrill Lynch investment adviser, is now facing US Securities and Exchange Commission (SEC) charges accusing him of using $1.7M of client monies to pay his own credit card bills. According to the regulator, Boggs, who was a Chicago-based RIA, illegally transferred funds from the accounts of three retail advisory clients on […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781,3738,3760,3803],"tags":[4158,3093,4159],"class_list":["post-18205","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-investor-fraud","category-sec-enforcement","category-senior-investors","tag-marcus-boggs","tag-merrill-lynch","tag-richard-g-duncan"],"yoast_head":"\nEx-Merrill Lynch Investment Adviser Accused of Stealing $1.7M — Investor Lawyers Blog — August 27, 2019<\/title>\n<meta name=\"description\" content=\"Marcus Boggs, a former Merrill Lynch adviser, is now facing charges accusing him of using $1.7M of client monies to pay his own credit card bills.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/ex-merrill-lynch-investment-adviser-accused-of-stealing-1-7m\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ex-Merrill Lynch Investment Adviser Accused of Stealing $1.7M — Investor Lawyers Blog — August 27, 2019\" \/>\n<meta name=\"twitter:description\" content=\"Marcus Boggs, a former Merrill Lynch adviser, is now facing charges accusing him of using $1.7M of client monies to pay his own credit card bills.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ex-Merrill Lynch Investment Adviser Accused of Stealing $1.7M — Investor Lawyers Blog — August 27, 2019","description":"Marcus Boggs, a former Merrill Lynch adviser, is now facing charges accusing him of using $1.7M of client monies to pay his own credit card bills.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/ex-merrill-lynch-investment-adviser-accused-of-stealing-1-7m\/","twitter_card":"summary_large_image","twitter_title":"Ex-Merrill Lynch Investment Adviser Accused of Stealing $1.7M — Investor Lawyers Blog — August 27, 2019","twitter_description":"Marcus Boggs, a former Merrill Lynch adviser, is now facing charges accusing him of using $1.7M of client monies to pay his own credit card bills.","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/ex-merrill-lynch-investment-adviser-accused-of-stealing-1-7m\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-merrill-lynch-investment-adviser-accused-of-stealing-1-7m\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Ex-Merrill Lynch Investment Adviser Accused of Stealing $1.7M","datePublished":"2019-08-27T19:10:15+00:00","dateModified":"2019-08-29T19:11:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-merrill-lynch-investment-adviser-accused-of-stealing-1-7m\/"},"wordCount":574,"keywords":["Marcus Boggs","Merrill Lynch","Richard G. Duncan"],"articleSection":["Investment Advisers","Investor Fraud","SEC Enforcement","Senior Investors"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/ex-merrill-lynch-investment-adviser-accused-of-stealing-1-7m\/","url":"https:\/\/www.investorlawyers.com\/blog\/ex-merrill-lynch-investment-adviser-accused-of-stealing-1-7m\/","name":"Ex-Merrill Lynch Investment Adviser Accused of Stealing $1.7M — Investor Lawyers Blog — August 27, 2019","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2019-08-27T19:10:15+00:00","dateModified":"2019-08-29T19:11:36+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Marcus Boggs, a former Merrill Lynch adviser, is now facing charges accusing him of using $1.7M of client monies to pay his own credit card bills.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-merrill-lynch-investment-adviser-accused-of-stealing-1-7m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/ex-merrill-lynch-investment-adviser-accused-of-stealing-1-7m\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/ex-merrill-lynch-investment-adviser-accused-of-stealing-1-7m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Ex-Merrill Lynch Investment Adviser Accused of Stealing $1.7M"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-4JD","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/18205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=18205"}],"version-history":[{"count":3,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/18205\/revisions"}],"predecessor-version":[{"id":18217,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/18205\/revisions\/18217"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=18205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=18205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=18205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}