Published On: October 9, 2015

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.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltman Law Securities and Investment Fraud Attorneys