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Merrill Lynch Terminated Richard Castro

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
September 8, 2023 at 10:44pm

Richard Castro (CRD #: 5206737) has been fired by Merrill Lynch, Pierce, Fenner & Smith. This disclosure appears in his BrokerCheck record, accessed on September 8, 2023. Keep reading if you have questions about his conduct. 

On July 12, 2023, Merrill Lynch, Pierce, Fenner & Smith fired Richard Castro following allegations regarding conduct inconsistent with firm standards for account openings. They further alleged he made an inaccurate entry into an internal system utilized to track client interactions. 

FINRA Rule 2010

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

FINRA Rule 4511

FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records. Inaccurate entries may violate this rule. 

Kurta Law Can Help

If you worked with Richard Castro 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 that exclusively represents investors against brokers and brokerage firms on a contingency basis. The firm only earns a fee if our securities attorneys recover money on your behalf.

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