Finra fines former Merrill top broker $15,000 over falsified CE
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Bruce Lee also suspended for 18 months
The Financial Industry Regulatory Authority Inc. has fined former Merrill Lynch star broker Bruce Lee $15,000 and barred him from the industry for 18 months for having others take required continuing education exams for him.
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Finra said that between June 2014 and March 2018, Mr. Lee directed two members of his staff, a financial analyst and a client associate, to complete continuing education modules on his behalf, rather than completing the modules himself. During that time, as a broker in Chicago, he managed an estimated $3 billion in assets.
After leaving Merrill Lynch, Mr. Lee started his own RIA, Keebeck Wealth Management, in Chicago.
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