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Nic Burch Terminated by Merrill Lynch

Nic Burch (CRD #: 7066370) has been fired by Merrill Lynch, Pierce, Fenner & Smith. This disclosure appears on his BrokerCheck record, accessed on June 5, 2024. Keep reading if you have questions regarding his alleged conduct. 

Employment Separation After Allegations 

Merrill Lynch, Pierce, Fenner & Smith fired Nic Burch following allegations that he exercised discretion in a nondiscretionary client’s accounts. 

Non-Discretionary Trading

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

Background Information 

Nic Burch has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination
  • Series 7TO General Securities Representative Examination 
  • SIE – Securities Industry Essentials Examination 

Kurta Law Can Help 

If you have worked with Nic Burch and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.

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