Skip to content

CONTACT TUCKER VEACH | FREE CONSULTATIONS

Contact Us
First
Last

828-277-6001

tucker@jbveachlaw.com

NATIONWIDE SERVICE:

  • Broker Misconduct
  • Securities Fraud
  • FINRA Arbitrations
  • Fraud Investigations
  • Class Action Suits

BY APPOINTMENT FROM
ASHEVILLE, NORTH CAROLINA

Veach Law Investigating Claims Against Merrill Lynch Brokers in Tennessee and North Carolina

Merrill Lynch UIT Trade Penalties 7-2021

On June 28, 2021 the Financial Industry Regulatory Authority levied an $11.7M penalty against Merrill Lynch stemming from their investigation into early rollovers of Unit Investment Trusts and accepted settlement letters from 30 and 35-year Merrill veterans in Chattanooga, Tennessee, and Charlotte, North Carolina. Both the brokers agreed to three-month suspensions and $5,000 in fines for allegedly unsuitable UIT switch recommendations. This likely represents just a small fraction of the more than two and half billion worth of potentially improper UIT exchanges processed by Merrill between 2001 and 2015. Veach Law is investigating matters in both states. See the full Advisor Hub article HERE.

Contact Us

Contact Us

We would like to hear from you. Please send us a message by filling out the form below and we will get back with you shortly.

First
Last

If you have been the victim of improper UIT exchanges in Tennessee or North Carolina, contact Tucker Veach by calling 828-277-6001 or by using the contact form anywhere on this site.

Scroll To Top