Former Merrill Lynch Rep Greg Campbell Allegedly Misappropriated over $1.7 million from Merrill Customers
Between May 2008 and October 2011, former Merrill Lynch registered representative Greg Campbell allegedly misappropriated over $1.7 million from Merrill customers, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and Alan Rosca.
After leaving Merrill Lynch on October 29, 2011, Campbell joined a new firm, wherein Campbell allegedly misappropriated over $500,000 from customers at his new firm, the AWC notes. Next, Merrill Lynch received a written complaint on October 26, 2011 from a customer alleging that Campbell had misappropriated the customer’s funds, the AWC notes.
The Peiffer Rosca Wolf investment rights lawyers are investigating Campbell and Merrill Lynch’s involvement with Campbell, and investors who believe they lost money are welcomed to contact the firm.
Merrill Lynch Received Letter from Campbell’s New Broker Dealer
Later, on May 25, 2012, Merrill Lynch reportedly received a written complaint from another customer alleging that Campbell had misappropriated that customer’s funds, according to SEC documents currently being reviewed by attorneys Alan Rosca and Joe Peiffer.
In the end, Merrill Lynch allegedly failed to amend Campbell’s Form U5 Notice of Termination or otherwise report either written customer complaint until October 26, 2012, one year after the first complaint was received and approximately five months after the second complaint was reportedly received, the AWC reports. Hence, Merrill Lynch violated FINRA Rules, the AWC notes.
Investment Recovery Lawyers Investigating
The Peiffer Rosca Wolf investment recovery lawyers often represent investors who lose money as a result of investment misconduct and Ponzi schemes, and are currently investigating Campbell and Merrill Lynch’s involvement with Campbell. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Any investor who believes they lost money as a result of Campbell and Merrill Lynch’s involvement with Campbell are welcomed to contact the investment recovery attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.
Broker: Greg Campbell
Status: INVESTIGATED by Peiffer Rosca.
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