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John Donnelly Allegedly Failed to Follow Instructions Involving IRA

John Donnelly (CRD #: 2374887), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, allegedly failed to follow clients’ instructions, according to his BrokerCheck record, accessed on March 20, 2023. If you want to know more about his alleged conduct as a broker, read on.

Investor Disputes

On February 1, 2023, an individual alleged that John Donnelly failed to follow their father’s instructions to make them the beneficiary of his IRA. This dispute is currently pending.

In a dispute filed on September 16, 2020, an investor alleged that John Donnelly failed to update their Beneficiary Designation Form, resulting in all assets being left to unintended beneficiaries. This dispute was settled for an undisclosed amount.

FINRA Rule 2010

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

Background Information

John Donnelly has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

John Donnelly is a registered broker in 15 states and a registered investment adviser in Texas.

He has also worked for Chase Securities of Texas (CRD#:17116).

Kurta Law Can Help

If you worked with John Donnelly and you have concerns about your investments, please contact us today at 877-600-0098 or 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.