Merrill Lynch Broker Barred for Margin Cover-Up

Merrill Lynch Broker Barred for Margin Cover-Up Posted on Friday, January 27, 2017 at 2:23 PM From the Desk of Jim Eccleston at Eccleston Law LLC: FINRA has barred Merrill Lynch broker Matthew David Rubin for exploiting a “loophole” in Merrill’s Automated Clearing House Payment transfer system. Mr. Rubin also was ordered to pay a fine of $5,724 for the costs of the proceeding.Read the full article