The Financial Industry Regulatory Authority, which regulates securities firms, awarded $4.073 million on May 6 to a terminated Merrill Lynch employee in a case brought by the company, Merrill Lynch v. Connell.
Robert Connell, who was hired in 2009 as a financial adviser in Merrill Lynch’s Princeton office, was terminated in July 2010, allegedly for improperly bringing client information from his prior employer, Smith Barney, in violation of broker-recruiting protocol, says his lawyer, Thomas Lewis of Stark & Stark in Lawrenceville.
