Finra fines former Merrill top broker $15,000 over falsified CE

Bruce Lee also suspended for 18 months
OCT 24, 2019
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. [Recommended video:​ Advice firm compliance manuals may need to be updated for June 2020] 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. Investing in profitability, performance and people: Register for our Top Advisory Firm Summit.

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