The Securities Law Firm of Menzer & Hill, P.A. is investigating claims involving Sunil Sharma of Merrill Lynch and Raymond James related to his alleged involvement in a $6 Million ponzi scheme.
Sharma, plead guilty to wire fraud charges in Federal court. According to the U.S. Attorney Office (“USAO”), Mr. Sharma admitted that he stole $6 million from investors by misrepresenting that he was making conservative investments when he actually was pursuing a risky day trading strategy
Fortunately, for those investors that incurred losses may be able to recover those losses through the FINRA arbitration process.
Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).
For a free case evaluation or to discuss any other investment losses, please contact the Securities Law Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.suemyadvisor.com.