According to reports, Merrill Lynch has fired a star broker, Sandy Galuppo, regarding the alleged improper use of his expense account.
Galuppo, who had been with the firm since 1995 and reportedly had $1.4 billion in client assets, was fired for “conduct including improper submission of personal expenses for reimbursement, resulting in management’s loss of confidence,” according to Galuppo’s BrokerCheck report.
Working out of the Boston office, Galuppo, had been ranked by industry publications as a top adviser at Merrill Lynch and was head of a corporate stock plan team managing $15 billion. He was discharged in October, according to Advisor Hub.
The foregoing information, which is all publicly available, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on the firm and it’s representation of investors, visit www.whitesecuritieslaw.com. For a free consultation with a securities attorney, please call (888) 637-5510.
Tags: Sandy Gallupo losses, Sandy Galuppo fired, Sandy Galuppo investigation, Sandy Galuppo lawsuit, Sandy Galuppo Merrill Lynch, Sandy Galuppo news, Sandy Galuppo star broker, Sandy Galuppo update Last modified: December 28, 2022