Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that former Georgia-based Merrill Lynch broker Louise Neale has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Neale (CRD# 4693750).
Louise Neale has spent eleven years in the securities industry and was registered with Merrill Lynch in Atlanta, Georgia from 2003-2015. She has no previous registrations. She is currently not registered with any state or firm.
According to her BrokerCheck report, Louise Neale has received one regulatory sanction and resigned from one former employer.
In December 2016 FINRA sanctioned Louise Neale following allegations she “refused to appear for on-the-record testimony requested by FINRA as part of an investigation into the circumstances surrounding her voluntary resignation from her member firm.” She was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In August 2015 Louise Neale voluntarily resigned from Merrill Lynch following allegations “concerning performance of supervisory duties related to funds transactions.”
FINRA Rule 3110(a)(2) requires broker-dealer firms to assign “an appropriately registered principal(s)” to perform supervisory duties for every type of business the firm conducts. Principals are required to ensure the compliance of individual representatives as well as the firm as a whole. Relevant issues include the representatives’ character and qualifications, outside employment, and regulation of business transactions. Representatives may not engage in outside business activities or securities transactions without providing written notice to their supervising principals. Principals who fail in their supervisory duties may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has lost money investing with Louise Neale, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.