Merriah Harkins (CRD #: 2512241), a former registered broker with Beneficent Securities, is currently under investigation by the SEC. This information is available on her BrokerCheck record, accessed on September 5, 2023. Below, we provide details regarding the allegations against her and her involvement with GWG L Bonds.
On June 30, 2023, the Securities and Exchange Commission issued a Wells Notice to Merriah Harkins. A Wells Notice is a notification to a financial professional that a regulatory body intends to initiate an enforcement action against them. The SEC alleges that Merriah Harkins violated the Exchange Act in connection with her sales of GWG L Bonds from February 2020 to April 2021. During this period, she held the position of Executive Vice President of Retail Markets at GWG Holdings.
GWG Holdings has filed for bankruptcy, resulting in investors experiencing losses on high-risk L bonds.
Securities Exchange Act of 1934 Section 10(b) of the Securities Exchange Act of 1934 prohibits manipulative, deceptive, and fraudulent activities related to the securities industry. Rule 10b-5, in particular, forbids false statements and the omission of material facts that can mislead investors.
Background Information Merriah Harkins has successfully passed the following examinations:
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 6 Investment Company Products / Variable Contracts Representative Examination
- Series 24 General Securities Principal Examination
- Series 10 General Securities Sales Supervisor – General Module Examination
- Series 9 General Securities Sales Supervisor – Options Module Examination
- Series 26 Investment Company Products/Variable Contracts Principal Examination
She has been affiliated with the following firms during her career:
- Beneficent Securities Company (CRD #: 119441)
- Emerson Equity (CRD #: 130032)
- Select Capital Corporation (CRD #: 145997)
- DBSI Securities Corporation (CRD #: 11687)
- ATEL Securities Corporation (CRD #: 17229)
- Charles Schwab & Co. (CRD #: 5393)
- Aetna Investment Services (CRD #: 34815)
- Vanguard Marketing Corporation (CRD #: 7452)
- MML Investors Services (CRD #: 10409)
CONTACT US FOR A FREE CONSULTATION
Se Habla Español
Contact our office today to discuss your case. You can reach us by phone at 844-689-5754 or via e-mail. To send us an e-mail, simply complete and submit the online form below.