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Bruce McCaw Fired from Merrill Lynch Following Allegations

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
August 7, 2023 at 4:10pm

Bruce McCaw (CRD #: 325379), a broker registered with Stifel, Nicolaus & Company, Incorporated, has been terminated by Merrill Lynch. This disclosure appears in his BrokerCheck record, accessed on August 4, 2023. Details regarding this termination are provided below. 

On June 26, 2023, Merrill Lynch, Pierce, Fenner & Smith terminated Bruce McCaw following allegations that he failed to comply with firm policies on order entry, order acceptance, books and records, and communications. 

FINRA Rule 4511

FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records.

FINRA Rule 5310

FINRA Rule 5310 requires brokers to execute clients’ transactions according to their instructions and in a timely manner.

Background Information

Bruce McCaw has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 7TO General Securities Representative Examination 
  • SIE – Securities Industry Essentials Examination 
  • PC – Amex Put and Call Exam
  • Series 1 Registered Representative Examination 
  • Series 40 Registered Principal Examination 

He is a registered broker in 13 states and is a registered investment adviser in Indiana. 

Bruce McCaw has registered with the following firms: 

  • Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD #: 7691) 
  • City Securities Corporation (CRD #: 1459) 

Kurta Law Can Help

If you worked with Bruce McCaw 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.

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