Steven Cannata Terminated by Merrill Lynch, Pierce, Fenner & Smith

Steven Cannata (CRD #: 2766286) has been fired by Merrill Lynch, Pierce, Fenner & Smith. This disclosure appears on his BrokerCheck record, accessed on December 18, 2025. Keep reading if you have questions regarding his alleged conduct.

Employment Separation After Allegations

On July 24, 2025, Merrill Lynch, Pierce, Fenner & Smith fired Steven Cannata following allegations regarding his alleged failure to comply with policies concerning electronic business communications, referral-related activity, and the disclosure of outside business activities.

Steve Cannata has Advanced Emergency Systems listed as an outside business on his detailed BrokerCheck record.

3270 – Outside Business and Selling Away

FINRA Rule 3270 requires brokers to inform their firm of any outside business activities or any investments sold away from the firm. The brokerage firm may prohibit the activity if the firm believes the proposed activity may compromise the broker’s duties. Firms may also require brokers to seek approval for any outside business.

Background Information

Steven Cannata 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 7 General Securities Representative Examination

He has registered with the following firms:

• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
• Continental Broker-Dealer Corp (CRD #: 14048)

Kurta Law Can Help

If you worked with Steven Cannata 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. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.