The Securities and Exchange Commission has barred a former Merrill Lynch broker in Chicago, alleging that he stole more than $1.7 million from at least three of his clients.
Marcus Boggs allegedly misappropriated his clients’ money by selling securities in their advisory accounts and then transferred the proceeds to his personal credit card account, according to the order. The SEC said Mr. Boggs was fired by the firm in December 2018 and barred by the Financial Industry Regulatory Authority Inc. in November 2019.
Additionally the SEC alleged that Mr. Boggs made more than 200 illegal transfers from clients’ accounts to pay for his credit card purchases.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
