Stockbroker fraud attorneys at Meyer Wilson are currently investigating misappropriation claims involving former Merrill Lynch broker Greg Campbell.
Greg John Campbell (CRD# 4732999) was a registered broker with Merrill Lynch‘s Clayton, Missouri office from June 2006 until October 2011, and after leaving Merrill Lynch, worked as a broker with LPL Financial in Creve Coeur, Missouri until October 2012.
Investigators began looking into Campbell when they started interviewing and receiving correspondence from two elderly Massachusetts residents who had multiple investment accounts managed by Campbell. Investigators allege that, beginning in 2009, Campbell began sending his clients false account statements. It wasn’t until 2011 that one of the investors realized their account statement in 2009 was not $78,000 as the alleged forged document claimed, but less than $9,000.
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Investigators uncovered a number of other alleged unauthorized distributions on both investors’ accounts. In a FINRA letter of Acceptance Waiver and Consent, Campbell allegedly misappropriated more than $1.7 million from his clients during his time at Merrill Lynch. The AWC form also asserts that after leaving Merrill Lynch for LPL Financial in 2011, Campbell misappropriated more than $500,000 of his clients’ funds.
Merrill Lynch also allegedly let an entire year go by before they reported the first complaint against Campbell and waited five months to report after receiving the second complaint, a violation of FINRA rules, the AWC noted.
Did you invest your money with former broker Greg Campbell? If you did and you lost money, we invite you to contact the stockbroker fraud lawyers at Meyer Wilson as you may be able to recover your losses. Since 1999, Meyer Wilson has been able to help countless investors. Last year alone, we were able to recover more than $29 million for our clients. Contact us today for a free review of your case.
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