Ernest Frerking, Formerly with Merrill Lynch, Barred by FINRA
Have you lost money investing with Ernest Frerking, formerly with Merrill Lynch in Austin, Texas? The securities and investment fraud law firm of Israels & Neuman is reviewing claims made by FINRA against Ernest Frerking. Ernest Frerking was barred by FINRA from the securities brokerage industry after he failed to respond to a FINRA investigation.
Frerking was terminated by Merrill Lynch in 2021 regarding allegations that he entered into financial transactions with a client without disclosing such to Merrill Lynch. FINRA initiated its investigation regarding after Frerking’s termination from Merrill Lynch. Merrill Lynch also paid $200,000 to settle claims made by a former customer.
Ernest Frerking had been licensed in the securities industry since 1999. He was a representative of Merrill Lynch from 1999 to April 2021. He worked in offices in Austin, Texas.
FINRA Rule 3110 requires that securities firms like Merrill Lynch adequately monitor their representatives. If a firm like Merrill Lynch fail to provide sufficient supervision, the firm could be responsible for financial damages.
Israels & Neuman is an investment fraud law firm that represents clients throughout the U.S., including investors in Texas. We have represented over 1,000 investors throughout the U.S. and have sued dozens of different brokerage firms, including Merrill Lynch.
If you lost money with Ernest Frerking or Merrill Lynch, please Contact Us at 720-599-3505 or 206-795-5798 for a free evaluation of your case.