Stoltmann Law Offices is investigating John Joseph Arnold, a representative with Merrill Lynch. Arnold is accused of processing two wire requests for a client, falsely representing to his firm that he had verbally confirmed each of the wire transfers of hers. He then allegedly entered fictional information in Merrill Lynch’s books and records concerning the wire transfer request. He also allegedly did not obtain a Letter of Authorization from the customer for her transfer exceeding $50,000. He also allegedly disguised the true amount of the transfer. These are against securities rules and regulations.
John Joseph Arnold was registered with Montgomery Securities in San Francisco, California from May 1997 until October 1997, Banc of America in New York, New York from October 1997 until December 2001, Citigroup Global Markets in Irvine, California from December 2001 until July 2008 and Merrill Lynch in Newport Beach, California from June 2008 until September 2013. He is currently registered with Raymond James in Newport Beach and has been since November 2013.
If you or someone you know invested money with John Joseph Arnold, please call our securities law firm at 312-332-4200 to speak with an attorney. The call is free with no obligation. We takes cases on a contingency fee basis. His former firm, Merrill Lynch, may be liable for investment losses. We sue firms such as Merrill Lynch in the Financial Industry Regulatory Authority (FINRA) arbitration forum.
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