{"id":6818,"date":"2019-02-07T11:46:05","date_gmt":"2019-02-07T17:46:05","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6818"},"modified":"2019-02-07T11:46:05","modified_gmt":"2019-02-07T17:46:05","slug":"finra-bars-fired-merrill-lynch-broker-accused-of-falsifying-class-b-mutual-fund-share-sales-orders","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-bars-fired-merrill-lynch-broker-accused-of-falsifying-class-b-mutual-fund-share-sales-orders\/","title":{"rendered":"Finra Bars Fired Merrill Lynch Broker Accused of Falsifying Class B Mutual Fund Share Sales Orders"},"content":{"rendered":"<p>\t\t\t\tThe <a href=\"https:\/\/www.finra.org\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Industry Regulatory Authority (Finra) <\/a>has permanently barred fired Merrill Lynch broker Bhenoy (Ben) Dembla. According to <em>InvestmentNews<\/em>, The former broker was let go from the financial firm in 2016 for \u201cfalsifying documents\u201d related to mutual fund sales.<\/p>\n<p>Dembla, who worked for Merrill the entire time he was a broker from 2001 to 2016, is accused of submitting fake sell orders to get around the firm \u2019s electronic order system protections. The protections should have stopped the submission of Class B share purchase orders once these had exceeded the accumulation limit.<\/p>\n<p>According to FINRA, Dembla would submit the bogus sell orders, which the system would accept, and then he would cancel the orders. All of this made it possible for certain customers to go over Class B share thresholds with their purchases.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/finra-bars-fired-merrill-lynch-broker-accused-of-falsifying-class-b-mutual-fund-share-sales-orders\/\"  title=\"Continue Reading Finra Bars Fired Merrill Lynch Broker Accused of Falsifying Class B Mutual Fund Share Sales Orders\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Financial Industry Regulatory Authority (Finra) has permanently barred fired Merrill Lynch broker Bhenoy (Ben) Dembla. According to InvestmentNews, The former broker was let go from the financial firm in 2016 for \u201cfalsifying documents\u201d related to mutual fund sales. Dembla, who worked for Merrill the entire time he was a broker from 2001 to 2016, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739,4049,3799],"tags":[3282,3093],"class_list":["post-6818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finra","category-industry-bars","category-mutual-funds","tag-bhenoy-dembla","tag-merrill-lynch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Finra Bars Fired Merrill Lynch Broker Accused of Falsifying Class B Mutual Fund Share Sales Orders &#8212; Investor Lawyers Blog &#8212; February 7, 2019<\/title>\n<meta name=\"description\" content=\"Finra permanently barred fired Merrill Lynch broker Bhenoy (Ben) Dembla.\" \/>\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\/finra-bars-fired-merrill-lynch-broker-accused-of-falsifying-class-b-mutual-fund-share-sales-orders\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Finra Bars Fired Merrill Lynch Broker Accused of Falsifying Class B Mutual Fund Share Sales Orders &#8212; Investor Lawyers Blog &#8212; February 7, 2019\" \/>\n<meta name=\"twitter:description\" content=\"Finra permanently barred fired Merrill Lynch broker Bhenoy (Ben) Dembla.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/10\/10.8.18.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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":"Finra Bars Fired Merrill Lynch Broker Accused of Falsifying Class B Mutual Fund Share Sales Orders &#8212; Investor Lawyers Blog &#8212; February 7, 2019","description":"Finra permanently barred fired Merrill Lynch broker Bhenoy (Ben) Dembla.","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\/finra-bars-fired-merrill-lynch-broker-accused-of-falsifying-class-b-mutual-fund-share-sales-orders\/","twitter_card":"summary_large_image","twitter_title":"Finra Bars Fired Merrill Lynch Broker Accused of Falsifying Class B Mutual Fund Share Sales Orders &#8212; Investor Lawyers Blog &#8212; February 7, 2019","twitter_description":"Finra permanently barred fired Merrill Lynch broker Bhenoy (Ben) Dembla.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/10\/10.8.18.jpeg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/finra-bars-fired-merrill-lynch-broker-accused-of-falsifying-class-b-mutual-fund-share-sales-orders\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/finra-bars-fired-merrill-lynch-broker-accused-of-falsifying-class-b-mutual-fund-share-sales-orders\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Finra Bars Fired Merrill Lynch Broker Accused of Falsifying Class B Mutual Fund Share Sales Orders","datePublished":"2019-02-07T17:46:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/finra-bars-fired-merrill-lynch-broker-accused-of-falsifying-class-b-mutual-fund-share-sales-orders\/"},"wordCount":409,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/finra-bars-fired-merrill-lynch-broker-accused-of-falsifying-class-b-mutual-fund-share-sales-orders\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/10\/10.8.18.jpeg","keywords":["Bhenoy Dembla","Merrill Lynch"],"articleSection":["FINRA","Industry Bars","Mutual Funds"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/finra-bars-fired-merrill-lynch-broker-accused-of-falsifying-class-b-mutual-fund-share-sales-orders\/","url":"https:\/\/www.investorlawyers.com\/blog\/finra-bars-fired-merrill-lynch-broker-accused-of-falsifying-class-b-mutual-fund-share-sales-orders\/","name":"Finra Bars Fired Merrill Lynch Broker Accused of Falsifying Class B Mutual Fund Share Sales Orders &#8212; 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