Lawrence Merl (CRD #2443190, Rye Brook, New York)

October 8, 2024 – An AWC was issued in which Merl was assessed a deferred fine of $10,000, suspended from association with any FINRA member in all capacities for six months, and ordered to pay deferred disgorgement of commissions received in the amount of $153,475.73, plus interest. Without admitting or denying the findings, Merl consented to the sanctions and to the entry of findings that he unsuitably recommended that four customer households invest in illiquid limited partnerships formed to acquire and develop oil and gas properties without having a reasonable basis to believe the investments were suitable for the customers based on their investment profiles. The findings stated that the investors in the customer households to whom Merl made unsuitable recommendations to were seniors and generally retired and seeking low-risk investments to provide monthly income. Merl received $153,475.73 in commissions from these investments. The suspension is in effect from October 21, 2024, through April 20, 2025. (FINRA Case #2019063686208) If you have suffered losses as a result of Lawrence Merl's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Lawrence Merl. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.