FINRA Reportedly Bars Broker Tyler Delahunt after Allegations of Selling Away
According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred financial advisor Tyler Delahunt (CRD #4419594) of Atlanta, GA, from the securities industry after he reportedly failed to provide information in FINRA’s investigation into allegations of private securities transactions.
Delahunt’s broker report indicates that he was registered with Merrill Lynch in Atlanta, Georgia from 2016 until August 2020 when he was reportedly discharged for “Conduct involving improper solicitation of clients related to an outside investment and participating in financial arrangements involving clients.”
For FINRA’s full findings see FINRA Case NO. 2020067348701.
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The White Law Group is investigating potential securities fraud claims involving Tyler Delahunt and the liability his former employer, Merrill Lynch may have for failing to properly supervise him.
When a FINRA registered representative conducts business outside the scope of the brokerage firm where they are registered, the act can be considered “selling away.” Some brokers, looking to supplement their income, will go outside the traditional market, trying to find other products to push.
If a registered broker “sells away” from their firm, the brokerage firm may still be liable for negligent supervision of their broker representative and may be responsible for investment losses in a FINRA dispute resolution claim.
If you are concerned about investments with Tyler Delahunt, the securities attorneys at The White Law Group may be able to help you. Please call 888-637-5510 for a free consultation, or visit us on the web at www.whitesecuritieslaw.com.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois.