Terrance J. Wilkerson entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). He is accused of engaging in an undisclosed outside business activity while he was registered with Merrill Lynch. He assisted a customer to obtain financing to purchase a mortgage business. Wilkerson then allegedly obtained a valuation of the mortgage business, identified potential third party lenders and arranged meeting with those individuals, and prepared presentation packages for the seller of the mortgage business and potential third party lenders. Wilkerson received $50,000 in compensation from the client for his activities. Wilkerson also failed to disclose his outside business activity on an Annual Certification questionnaire given to him by Merrill Lynch. Wilkerson did not receive prior written notice from his firm to engage in the outside business activity, which is against securities rules and regulations. For this, FINRA fined him $5,000 and suspended him for one month from the securities industry.
Wilkerson was registered with Morgan Stanley in Dallas, Texas from October 2000 until March 2009, and Merrill Lynch in Dallas from March 2009 until November 2012. He is currently registered with First Financial Equity Corporation and has been since July 2014. He has two customer disputes against him. If you or someone you know has suffered financial losses with Terrance J. Wilkerson, please call our securities law office in Chicago to speak with an attorney about your options. Your money may be recoverable through the FINRA arbitration process. We sue firms such as Merrill Lynch for not properly supervising their registered representatives, as they have a duty to do so. Please do not delay in calling, as there is a statute of limitations on most securities cases. The call is free. 312-332-4200.
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