Thomas Stratton-Cooke entered into a Letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority (FINRA). FINRA alleged that he executed discretionary transactions in the accounts of 10 customers without prior written authorization from the customers. The customers were customers of Merill Lynch. This is against securities rules and regulations. For this, Stratton-Crooke was fined $10,000 and suspended from the industry for 10 business days.
Stratton-Crooke was registered with E.F. Hutton & Co. from May 1980 until September 1983, A.G. Edwards & Sons in St. Louis, Missouri from September 1983 until July 1989 and Merrill Lynch in Cleveland, Ohio from July 1989 until September 2014. He is currently registered with Ameriprise Financial Services in Beachwood, Ohio and has been since August 2014.
If you lost money with Thomas Stratton-Crooke, please call our securities law offices at 312-332-4200 to speak with an attorney about your options of suing Merrill Lynch in the FINRA arbitration forum. They may be liable for investment losses because of their inability to reasonably supervise him while he was employed there. The call is free with no obligation.
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