Tag Archives: Lynch

Merrill Lynch to Pay Over $8 Million for Improper Handling of ADRs

The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith Incorporated will pay over $8 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).ADRs – U.S. securities that represent foreign shares of … Continue reading

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FINRA Bars Merrill Lynch Employee over Expense Reports

On February 8, 2019 the Financial Industry Regulatory Authority (“FINRA”) accepted an Acceptance Waiver and Consent (“AWC”) from Elizabeth Marie Garcia, a Merrill Lynch Financial Advisor, pursuant to which Ms. Garcia consented to a complete and total bar from the … Continue reading

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Collateral Yield Enhancement Strategy (CYES) Offered by Merrill Lynch, Morgan Stanley and Other Firms

Zamansky LLC is investigating an options-based investment strategy utilized by various brokerage firms — including Morgan Stanley and Merrill Lynch — sometimes referred to as the Collateral Yield Enhancement Strategy, or “CYES”. The CYES is a complicated and risky options … Continue reading

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Broker Ralph Byer Of Merrill Lynch Has Seven Disclosures

Ralph Michael Byer (CRD #1038411) is a registered broker and investment advisor currently employed with Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD #7691) of Plantation, Florida, where he has been since 1982. Byer has a total of seven disclosures, … Continue reading

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Ir-Rationale FINRA Merrill Lynch EFL Arbitration Decision Cited by Tax Court

In my private law practice, I frequently receive telephone calls from registered representatives who have an Employee Forgivable Loan (also known as a "Promissory Note" or  "EFL") and are contemplating quitting or anticipate being fired from the employer broker-dealer. Inevitably, our … Continue reading

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