Xavier R. Endress- Engaged in Outside Business Activity
Xavier R. Endress Created E & H Consulting and Allegedly Engaged in Business Outside of Merrill Lynch
Xavier R. Endress formerly a registered representative for Merrill Lynch, was barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any and all capacities. Endress consented, without admitting or denying the allegations, to findings that he engaged in an outside business activity without the written approval of Merrill Lynch, according to FINRA documents currently under review by investor attorneys, Peiffer Wolf Carr & Kane.
Endress allegedly failed to provide written notification to Merrill Lynch of his ownership and of business activities through E&H Consulting an entity in which Endress was the sole owner and controller. In December 2012, Endress allegedly opened and funded a brokerage account at Merrill in the name of E&H Consulting. Endress allegedly solely controlled the account. As part of the account opening process for E&H Consulting, Endress allegedly completed required account opening documents, and other account related documents. In completing the E&H account documents, Endress allegedly falsified certain information.
Xavier R. Endress Barred from Securities Related Business
FINRA Rules provide that no member or registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm, unless he or she has provided prior written notice to the member, in such form as specified by the member.
Endress accepted and consented to the entry of specific findings by FINRA contained within the Letter of Acceptance, Waiver, and Consent (AWC), without admitting or denying FINRA’s findings of fact. FINRA’s entry of findings alleged that Endress engaged in an outside business activity without the written approval of Merrill Lynch.
Investor Rights Lawyers Investigating
Peiffer Wolf Carr & Kane investor rights attorneys are currently investigating the alleged real estate dealings of Xavier R. Endress.
Peiffer Wolf Carr & Kane attorneys 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.
Investors who believe they lost money as a result of Xavier R. Endress’ business activities through E&H Consulting may contact the investor rights attorneys at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at (585) 310-5140.