Mario Martinez Allegedly Misappropriated Client Funds
The White Law Group is currently investigating potential FINRA arbitration lawsuits involving Mario Martinez (CRD#: 6144561), a former financial advisor with Merrill Lynch in Fort Lauderdale, FL.
Serious Allegations and Regulatory Action
According to his FINRA BrokerCheck record, Mario Martinez was permitted to resign while under internal investigation for allegedly misappropriating client funds and accepting a loan from a client without the Firm’s knowledge or approval.
On May 1st, 2025, FINRA reportedly barred Martinez from the securities industry after he failed to respond to regulatory requests for information.
A customer complaint was filed against Merrill Lynch for allegations of misappropriation by the Registered Representative. Customer also alleges that she made a loan to the Registered Representative.
What Investors Can Do
If you invested with Mario Martinez or Merrill Lynch and suffered financial losses, you may have legal options. FINRA provides a dispute resolution forum that allows investors to pursue claims against financial advisors and brokerage firms for misconduct.
Brokerage Firms’ Duty to Supervise
Brokerage firms have a legal obligation to adequately supervise their advisors. Failure to detect or prevent advisor misconduct—such as fraud or unsuitable recommendations—can make the firm liable for losses through FINRA arbitration.
FINRA Arbitration vs. Class Action
Many investors wonder if a class action lawsuit is better than pursuing an individual FINRA arbitration claim. Generally:
- If your losses exceed $100,000, individual arbitration may be more appropriate.
- Class actions are typically better suited for smaller, uniform claims.
Contact The White Law Group
If you lost money investing with Mario Martinez and Merrill Lynch or believe you may have been a victim of misconduct, contact The White Law Group at (888) 637-5510 for a free consultation. Our firm handles securities fraud cases in all 50 states, including Florida.
FAQ
1. What is FINRA arbitration and how does it work?
FINRA arbitration is a legal process that allows investors to resolve disputes with financial advisors or brokerage firms without going to court. A panel of neutral arbitrators hears evidence and issues a binding decision.
2. Can I still file a claim if Mario Martinez has been barred by FINRA?
Yes. Even though Martinez has been barred, you may still be able to pursue a claim against Merrill Lynch, his former employer, for failure to supervise or negligence.
3. How much does it cost to file a FINRA claim?
Most securities attorneys, including The White Law Group, work on a contingency fee basis, meaning there are no upfront legal fees. You only pay if you recover compensation.
