March 10, 2016- Cincinnati, Ohio
Kenton K. Gearhart entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that while employed by Merrill Lynch he inaccurately marked at least 47 securities transactions iii at least 3 l customer accounts as unsolicited, when they were, in fact, solicited transactions. By doing so, Gearhart caused Merrill Lynch’s books and records to bc inaccurate and violated FINRA Rules 451 1 and 2010.
AWC No. 2013039577501
Gearhart was suspended from association with any FINRA member for 30 days and fined $7,500.
FINRA records disclose that Gearhart was registered with Merrill Lynch from 11/1994 to 12/2013. In December 2013 he was discharged by Merrill Lynch for recommending closed end funds not approved by Merrill Lynch, mismarking order tickets and disclosing personal trading information to clients. Gearhart is currently registered with Raymond James.
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