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Former Merrill Lynch Broker in Atlanta, Tyler Delahunt, Barred by FINRA
The Financial Industry Regulatory Authority (“FINRA”) has barred financial advisor Tyler Dean Delahunt from the securities industry. Tyler Delahunt was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) in Atlanta, Georgia, from October 2016 until August 2020. Merrill Lynch terminated Mr. Delahunt’s employment on August 3, 2020, alleging that his conduct involved improper solicitation of clients related to private securities transactions. Merrill Lynch also alleged that Mr. Delahunt participated in financial arrangements involving clients.
If you or a loved one were a customer of Tyler Delahunt and either sustained financial losses or suspect inappropriate activity, contact New York securities arbitration our law firm for a free and confidential review of your account or annuity contract.
Iorio Law PLLC represents investors that have disputes with their financial advisors or brokerage firms, such as Merrill Lynch.
FINRA Letter of Acceptance, Waiver, and Consent No. 2020067348701
Tyler Delahunt and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on January 25, 2021, after Mr. Delahunt refused to provide documents and information in connection with FINRA’s investigation into whether Mr. Delahunt solicited clients in a private securities transaction without approval of Merrill Lynch and whether he had accepted loans or other funds from clients without notice to his firm.
On September 18, 2020, in connection with an investigation into the circumstances of Mr. Delahunt’s termination from Merrill Lynch, FINRA sent a request to Mr. Delahunt to produce documents and information pursuant to FINRA Rule 8210. Mr. Delahunt reportedly stated during a phone call on December 10, 2020, that he would not provide the requested information or documents at any time.
By refusing to provide the information or documents, Mr. Delahunt violated FINRA Rules 8210 and 2010. Accordingly, FINRA barred him from associating with any broker-dealer in all capacities.
Financial Advisor Tyler Dean Delahunt (CRD# 44195094)
Tyler Delahunt had 19 years of experience in the securities industry. Though his career, he was employed and registered by the following brokerage firms:
- Merrill Lynch in Atlanta, Georgia from October 2016 – August 2020.
- PFS Investments Inc. in Duluth, Georgia from April 2016 – October 2016.
- Raymond James Financial Services, Inc. in Alpharetta, Georgia from April 2009 – May 2011.
- Raymond James & Associates, Inc. in Atlanta, Georgia from April 2009 – May 2011.
- Merrill Lynch in Cumming, Georgia from December 2003 – April 2009.
- Morgan Keegan & Company, Inc. in Memphis, Tennessee from August 2001 – December 2003.
Merrill Lynch discharged Mr. Delahunt on August 3, 2020. In connection with his termination, Merrill Lynch alleged that Mr. Delahunt’s conduct involved improper solicitation of clients related to private securities transactions and participating in financial arrangements involving clients.
Merrill Lynch: A Duty to Supervise
Financial institutions, like Merrill Lynch, must properly supervise financial advisors and customer accounts. Brokerage firms are required to establish and maintain a reasonably designed system to oversee account activity to ensure compliance with securities laws and industry regulations. When a brokerage firm fails to supervise its financial advisors or the investment account activity sufficiently, it may be liable for investment losses sustained by customers.
How to Recover Losses or Obtain a Free Consultation
If you have suffered financial losses investing with Tyler Delahunt or suspect that Ms. Delahunt did not have your best interest in mind when recommending investments or trading in your account, contact New York securities arbitration attorney August Iorio of Iorio Law PLLC. August Iorio can be reached at info@iorio.law or toll-free at (646) 330-4624 for a free and confidential review of your legal rights.
About Iorio Law PLLC
Iorio Law PLLC is a securities arbitration law firm located in New York, NY. We represent investors nationwide and vigorously pursue FINRA arbitration claims on behalf of investors to recover investment losses.
We have over 15 years of experience as securities arbitration lawyers and have helped investors recover investment losses in over 800 cases. The firm will file a FINRA securities arbitration claim on your behalf on a contingency fee basis to try to recover your losses. If we do not obtain a recovery, you do not owe us a legal fee.
This blog was published by August Iorio when he was a Partner at his previous firm and has been updated to reflect Iorio Law PLLC’s new contact information. To evaluate any potential claims, contact securities arbitration lawyer August Iorio for a free consultation contact Iorio Law PLLC at info@iorio.law or (646) 330-4624.