Last Updated: October 2025 — Wayzata, MN
Here’s what you need to know about Wayzata, MN stockbroker Trey Whipple III:
- Name: Lawrence Aloysius Whipple III
- Alias: Lawrence A. Whipple III , Trey Whipple
- Current Employer: Not currently registered with a FINRA-member broker-dealer. Most recent broker-dealer: Merrill Lynch, Pierce, Fenner & Smith Incorporated (registration 09/2015–10/2025).
- Prior Firms: Morgan Stanley (Short Hills, NJ, 05/2012–09/2015); Morgan Stanley & Co. LLC (New York, NY, 05/2010–04/2012); FBR Capital Markets & Co. (New York, NY, 10/2008–05/2010); Morgan Stanley & Co. Incorporated (New York, NY, 07/1996–08/2008).
- Other Business Affiliations: Board Member, H B Memorial Award Foundation (charitable; Plymouth, MN; began 06/11/2025).
- CRD number: 2701809.
- Stockbroker / Financial Advisor: Former FINRA-registered broker; not currently registered. Has passed the Series 7, SIE, Series 63, Series 66, and principal/supervisory exams (Series 9/10/24).
- Can Broker be Sued in FINRA: Yes.
- Discharged by a Prior Employer: Yes
- Highest Award or Settlement: $500,000
If you’ve sustained damages from Mr. Whipple, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Trey Whipple III as Your Stockbroker?
A customer dispute reported against Mr. Whipple by a customer of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleged excessive trading in listed equities from December 2022 to November 2023. The case settled in August 2025 for $500,000.
Merrill Lynch discharged Mr. Whipple in September 2025, citing “conduct including unauthorized trading in a client account”.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Allegations of Broker Misconduct Against Lawrence A. Whipple III
- Unsuitability / Excessive Trading (Churning):
- Unauthorized Trading: Executing trades without prior written authorization and firm approval can violate FINRA Rule 3260 (Discretionary Accounts) and Rule 2010.
Other Cases Involving Unauthorized Trading
Recover Your Investment Losses Now With Rex Securities Law
See this for our prior investigations of Merrill Lynch brokers.
If you have suffered investment losses in an account handled by Lawrence A. Whipple III, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued On Behalf of Our Clients
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Nationwide Representation
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.