{"id":21362,"date":"2022-01-11T09:40:12","date_gmt":"2022-01-11T15:40:12","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=21362"},"modified":"2022-01-11T09:40:12","modified_gmt":"2022-01-11T15:40:12","slug":"merrill-lynch-fined-by-finra","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-fined-by-finra\/","title":{"rendered":"FINRA Fines Merrill Lynch $1.2M and $950K"},"content":{"rendered":"

Two Merrill Lynch Brokers Stole More Than $6M from 13 Clients<\/span>\u00a0<\/span><\/h2>\n

In December 2021, the Financial Industry Regulatory Authority (FINRA) fined <\/span>Merrill Lynch<\/span><\/a> in two separate matters.\u00a0<\/span><\/p>\n

One fine, of $950K,\u00a0 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 \u201cexternally initiated.\u201d\u00a0<\/span><\/p>\n

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

Two Merrill Lynch Brokers Stole More Than $6M from 13 Clients\u00a0 In December 2021, the Financial Industry Regulatory Authority (FINRA) fined Merrill Lynch in two separate matters.\u00a0 One fine, of $950K,\u00a0 is because the firm allegedly failed to detect that two of its financial advisors had stolen more than $6M from 13 customers in schemes […]<\/p>\n","protected":false},"author":2,"featured_media":21363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3800],"tags":[4257,2533,3093],"class_list":["post-21362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-merrill-lynch","tag-failure-to-supervise","tag-finra","tag-merrill-lynch"],"yoast_head":"\nMerrill Lynch Fined Over $1.2M by FINRA | Investor Lawyers<\/title>\n<meta name=\"description\" content=\"FINRA has fined Merrill Lynch over $1.2M yet again for failing to supervise their financial advisors and to comply with investigations.\" \/>\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\/merrill-lynch-fined-by-finra\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Merrill Lynch Fined Over $1.2M by FINRA | Investor Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"FINRA has fined Merrill Lynch over $1.2M yet again for failing to supervise their financial advisors and to comply with investigations.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/01\/robin-inizan-GWGAdtMwGDQ-unsplash-1.jpg\" \/>\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=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Merrill Lynch Fined Over $1.2M by FINRA | Investor Lawyers","description":"FINRA has fined Merrill Lynch over $1.2M yet again for failing to supervise their financial advisors and to comply with investigations.","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\/merrill-lynch-fined-by-finra\/","twitter_card":"summary_large_image","twitter_title":"Merrill Lynch Fined Over $1.2M by FINRA | Investor Lawyers","twitter_description":"FINRA has fined Merrill Lynch over $1.2M yet again for failing to supervise their financial advisors and to comply with investigations.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/01\/robin-inizan-GWGAdtMwGDQ-unsplash-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-fined-by-finra\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-fined-by-finra\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"FINRA Fines Merrill Lynch $1.2M and $950K","datePublished":"2022-01-11T15:40:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-fined-by-finra\/"},"wordCount":381,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-fined-by-finra\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/01\/robin-inizan-GWGAdtMwGDQ-unsplash-1.jpg","keywords":["failure to supervise","FINRA","Merrill Lynch"],"articleSection":["Merrill Lynch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-fined-by-finra\/","url":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-fined-by-finra\/","name":"Merrill Lynch Fined Over $1.2M by FINRA | Investor Lawyers","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-fined-by-finra\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-fined-by-finra\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/01\/robin-inizan-GWGAdtMwGDQ-unsplash-1.jpg","datePublished":"2022-01-11T15:40:12+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"FINRA has fined Merrill Lynch over $1.2M yet again for failing to supervise their financial advisors and to comply with investigations.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-fined-by-finra\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-fined-by-finra\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-fined-by-finra\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/01\/robin-inizan-GWGAdtMwGDQ-unsplash-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/01\/robin-inizan-GWGAdtMwGDQ-unsplash-1.jpg","width":639,"height":546,"caption":"The brokerage firm Merrill Lynch has been fined by FINRA for failing to comply in two enforcement investigations."},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-fined-by-finra\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"FINRA Fines Merrill Lynch $1.2M and $950K"}]},{"@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":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/01\/robin-inizan-GWGAdtMwGDQ-unsplash-1.jpg","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-5yy","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/21362","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=21362"}],"version-history":[{"count":3,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/21362\/revisions"}],"predecessor-version":[{"id":28291,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/21362\/revisions\/28291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media\/21363"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=21362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=21362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=21362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}