Merrill Lynch recently terminated two broker-dealer representatives who violated the firm’s Do Not Call List policy, according to the Financial Industry Regulatory Authority’s BrokerCheck website.
Disclosures on the reps’ reports at BrokerCheck say they were discharged due to “Conduct inconsistent with Firm standards related to the Firm’s Do Not Call list.”
Nicholas John Ferguson was terminated Dec. 15 and was with Merrill in New York since September 2017, which marked the start of his career in the industry, according to BrokerCheck. After leaving Merrill, he went to work for LPL Financial, his report shows.
Ethan Kunin was terminated by Merrill on Dec. 18 and was with the firm in Austin, Texas since September 2018, according to BrokerCheck. He previously worked at AXA Advisors since March 2018.
Ferguson and Kunin each remained registered with Merrill until January, according to BrokerCheck. Neither of them immediately responded to requests for comment.
Merrill declined to comment on whether other reps at the firm were terminated recently for the same reason.
The terminations of Ferguson and Kunin come as Merrill attempts to shift away from cold calling as a method for its advisor trainees to find new clients.