Ex-Merrill Lynch Financial Advisor Accused of Costing Customers Over $1 Million
The Financial Industry Regulatory Authority (FINRA) has barred Joshua David Nicholas, a former Merrill Lynch, Pierce, Fenner & Smith financial advisor. The self-regulatory organization said that he converted customer funds and took part in futures contracts outside of the firm’s business activities. This futures trading allegedly resulted in two customers losing over $1M.
After investigating him for possible document forgery, Merrill Lynch allowed the broker to resign from the firm in July 2020. Our Florida securities lawyers are looking into claims of losses by his former customers. In Florida, contact Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) at (813) 560-2992. Throughout the US, call (800) 259-9010.
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