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Nicholas Camp Terminated by Merrill Lynch

Nicholas Camp (CRD #: 6365278) was fired by Merrill Lynch, Pierce, Fenner & Smith, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 12, 2024. Keep reading if you have questions regarding his alleged conduct. 

Employment Separation After Allegations 

On February 6, 2024, Merrill Lynch, Pierce, Fenner & Smith fired Nicholas Camp following allegations that he exercised discretion in non-discretionary accounts and made inaccurate entries into an internal system used to track client interactions. 

Discretionary Accounts

FINRA Rule 3260 limits brokers’ trading discretion to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 3260 also violate this rule. 

Background Information

Nicholas Camp has passed the following exams: 

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

Kurta Law Can Help 

If you have worked with Nicholas Camp 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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