Sonn Law Group is investigating claims regarding Molly K. Angelo (CRD #1552444, Mooresville, North Carolina). Angelo recently submitted an AWC in which she permanently was barred from association with any FINRA member in any capacity. See FINRA Case #2014042966401. Angelo was associated with Merrill Lynch, Pierce, Fenner & Smith, Inc., (Huntersville, NC) from December 2008 until her termination in November 2014. The Form U-5 filed by Merrill Lynch to terminate Angelo’s registration states that she was discharged related to “allegations of misappropriation of client funds.”
Without admitting or denying the findings, Angelo consented to the sanction and to the entry of findings that she failed to provide FINRA-requested documents and information related to an investigation involving allegations that she converted customer funds.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Merrill Lynch may be liable for investment or other losses suffered by Angelo’s customers.
If you were a client of Merrill Lynch or Angelo, and have suffered investment losses or financial irregularities or invested in promissory notes or limited partnership agreements, please contact Sonn Law Group to explore your legal options. Sonn Law Group is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 844-689-5754 or complete our “contact form.”