FINRA Imposes Sanction against Former Merrill Lynch Securities Representative

The United States Financial Industry Regulatory Authority (FINRA) recently announced that it has imposed sanctions against former Merrill Lynch securities representative Tyler D. Delahunt, who was barred from associating with any FINRA member in any capacity.

Delahunt first registered with FINRA in August 2001 as a General Securities Representative of a FINRA member, and registered through an association with FINRA member Merrill Lynch from  October 27, 2016 through August 31, 2020.

On August 31, 2020, Merrill Lynch submitted an application for terminating Delahunt's registration. Although Respondent is not currently registered or associated with a FINRA member firm, he remains subject to FINRA's jurisdiction.

However, in connection with FINRA's investigation regarding whether Delahunt had solicited clients in a private securities transaction without approval of Merrill Lynch and whether he had accepted loans or other funds from clients without notice to his firm, FINRA staff issued a request for information and documents pursuant to FINRA Rule.

By refusing to produce the information and documents as requested, Delahunt violated FINRA Rules 8210 and 2010. He agreed to the imposition of a bar from associating with any FINRA member.