Former Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Tyler Delahunt Accused of Selling Away
Posted on Monday, March 22nd, 2021 at 5:17 pm
Erez Law is currently investigating former Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Tyler Delahunt (CRD# 4419594) regarding selling away of private securities investments not approved by his member firm. Delahunt was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Atlanta, Georgia from 2016 to 2020, when he was terminated regarding, “Conduct involving improper solicitation of clients related to an outside investment and participating in financial arrangements involving clients.”
In January 2021, FINRA barred Delahunt after he, “consented to the sanction and to the entry of findings that he failed to respond to a FINRA request for information and documents in connection with FINRA’s investigation regarding whether Delahunt had solicited clients in a private securities transaction without approval of his member firm and whether he had accepted loans or other funds from clients without notice to his firm.”
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Merrill Lynch, Pierce, Fenner & Smith Incorporated may be liable for investment or other losses suffered by Delahunt’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.