FINRA Suspends Austin Lazarus

Austin Lazarus (CRD #: 7088814), a broker formerly registered with Merrill Lynch, Pierce, Fenner & Smith, allegedly failed to provide requested information, according to his BrokerCheck record, accessed on December 13, 2022. Keep reading to learn more about his alleged conduct as a broker.

FINRA Suspension

On September 22, 2022, FINRA sent Austin Lazarus a Letter of Suspension alleging that he failed to respond to requests for information. His suspension began on October 17, 2022, and will continue until FINRA receives the requested information or the suspension converts to a bar.

FINRA Rule 9552

FINRA Rule 9552 penalizes members who fail to provide information, documents, or testimony requested by FINRA with a suspension. Members who fail to request an end to their suspension within three months become permanently barred.

Termination from Merrill Lynch, Pierce, Fenner & Smith

On December 21, 2021, Merrill Lynch, Pierce, Fenner & Smith fired Austin Lazarus following alleged misconduct involving the submission of ineligible personal child care reimbursement request forms.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Austin Lazarus has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• Series 7TO – General Securities Representative Examination
• Series 6TO – Investment Company Products/Variable Contracts Representative Examination
• SIE – Securities Industry Essentials Examination

He previously worked for Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691) and J.P. Morgan Securities (CRD#:79).

Kurta Law Can Help

If you worked with Austin Lazarus and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.