Boggs was previously barred by FINRA in 2019 for the same misconduct. The Sonn Law Group is investigating allegations that Marcus Boggs misappropriated funds. If[...]
The wealth management division of Bank of America is known as Merril Lynch Wealth Management. Headquarters are in New York City, and the firm employs over 15,000 financial advisors. In addition, they manage $2.2 trillion in assets. With this much money at stake, investment fraud and misconduct that harms investors is always a concern. Merrill Lynch has had its share of these types of cases throughout the years, whether related to broker misconduct or general mismanagement. For information on specific lawsuits of this nature, read through the articles below.
Dermond Thomas Cavanaugh, Formerly of Merrill Lynch, Named in Customer Dispute Seeking $50M in Damages
The dispute was settled for slightly above $24 million. Dermond Thomas Cavanaugh (CRD: 4030821) was registered as a broker with Merrill Lynch from 2007 until[...]
Simmons is accused of making unsuitable investment recommendations in 2020. Keith Simmons (CRD#:730619) is currently registered as a broker and investment adviser with Merrill Lynch,[...]
Forrest Jones, Formerly of Merrill Lynch, Facing Pending Customer Dispute Alleging Unsuitable Investment Recommendations
The former customer is seeking over $300k in damages. Forrest Jones (CRD#: 4880765) was registered as a broker with Merrill Lynch in Conroe, Texas, from[...]
FINRA requested information and documents relating to Raskin’s discharge from Merrill Lynch in 2019. Ryan Raskin (CRD#: 5539610) was registered as a broker with Merrill[...]
Merrill Lynch Pays Record $26.25M in Fines and Restitution in New Hampshire Case Involving Ex-Broker Charles E. Kenahan.
Kenahan was previously accused of unsuitable investment recommendations, unauthorized trading, and excessive trading. The Sonn Law Group is investigating allegations that Charles E. Kenahan committed[...]
Conley was indicted on six counts of mail fraud and one count of securities fraud. The Sonn Law Group is investigating allegations that Phillip Conley[...]
Sylvester Knox, Formerly of Merrill Lynch, Suspended by FINRA for Alleged Unauthorized Trading and Failing to Disclose Felony Indictment
Knox is accused of treating accounts as discretionary without customer authorization and falsely attesting that he had not been charged with a felony. The Sonn[...]
Former Merrill Lynch Broker Charles E. Kenahan Faces $83M in Customer Disputes Over Allegations of Unsuitable Investments, Unauthorized Trading, and Excessive Trading (“Churning”). The Sonn[...]
Conley was accused of conducting a $5.2 million fraudulent securities offering. The Sonn Law Group is investigating allegations that Phillip Conley defrauded investors. If you[...]