Marcus Boggs of Merrill Lynch in Chicago, Illinois, Subject of SEC Complaint
Have you lost money with financial advisor Marcus Boggs of Merrill Lynch in Chicago, Illinois? We are investigating allegations made by the Securities and Exchange Commission (SEC) against Marcus Boggs. The SEC alleged that Boggs stole $1.7 million out of his customers’ accounts at his former brokerage firm, Merrill Lynch.
Marcus E. Boggs was a financial advisor and registered representative of Merrill Lynch from February 2006 to December 2018. He worked at a branch office in Chicago, Illinois. Merrill Lynch has already paid over $5.5 million to settle claims filed by Boggs’ former customers.
Brokerage firms like Merrill Lynch have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration in all 50 states, including multiple investors in the past throughout the Chicagoland area, Northern Illinois, and Central Illinois.
Attorney David Neuman was born in Berwyn, Illinois and grew up in the western suburbs in Addison. He earned a degree in Finance at the University of Illinois in Urbana-Champaign before earning his law degree at Northern Illinois University in DeKalb. Mr. Neuman also previously worked for a number of Chicago area law firms, including firms in St. Charles, Geneva, Chicago, and Barrington.
Click to view: Boggs, Marcus SEC Complaint
Click to view: Boggs, Marcus BrokerCheck 8.28.19
If you lost money with Marcus Boggs or Merrill Lynch, please CONTACT US at 720-599-3505 for a free evaluation of your case.