FINRA bars former Merrill Lynch securities representative
The United States Financial Industry Regulatory Authority (FINRA) has barred former Merrill Lynch securities representative Tyler D. Delahunt for violations of FINRA rules.
From October 27, 2016 through August 31, 2020, Respondent was registered as a General Securities Representative, among other registration categories, through an association with FINRA member Merrill Lynch, Pierce, Fenner & Smith, Inc. (Merrill Lynch). On August 31, 2020, Merrill Lynch filed a Uniform Termination Notice for Securities Industry Registration (Form U5) terminating Respondent’s registration.
Although Delahunt is not currently registered or associated with a FINRA member firm, he remains subject to FINRA’s jurisdiction pursuant to Article V, Section 4 of FINRA’s By-Laws.
This matter originated from a Form U5 filing by Merrill Lynch on August 31, 2020 reporting Delahunt’s termination for alleged misconduct involving the solicitation of clients in an outside investment and participating in financial arrangements with clients. FINRA staff began an investigation into whether Delahunt had participated in private securities transactions with clients without prior approval from Merrill Lynch and whether Delahunt had improperly accepted loans or other funds from clients without firm approval.
On September 18, 2020, FINRA sent a request to Delahunt for the production of information and documents pursuant to FINRA Rule 8210. As stated by the respondent during a telephone conference with FINRA staff on December 10, 2020, Delahunt acknowledges that he received FINRA’s request and will not produce the information and documents requested.
By refusing to produce the information and documents as requested pursuant to FINRA Rule 8210, Delahunt violated FINRA Rules 8210 and 2010.
Delahunt has agreed to a bar from associating with any FINRA member in any capacity.