From July 2020 to June 2023, Merrill Lynch accepted market orders for the purchase of shares of equity new issues in the secondary market prior to the commencement of trading of such shares in the secondary market.

From January 2020 through December 2022, while associated with Vanderbilt, Trask exercised discretionary authority without prior written authorization in connection with at least 675 transactions in four customers' accounts. As a result, Trask violated FINRA Rules 3260(b) and 2010 and is suspended for 30 calendar days and fined $5,000.

Gallagher refused to provide documents and information and to appear for on-the-record testimony requested pursuant to FINRA Rule 8210, in violation of FINRA Rules 8210 and 2010.

The Department of Enforcement alleges: Between November 24, 2023, and February 7, 2024, Respondent Ana Maria Dimco (“Dimco”) improperly used firm funds to make purchases that were not related to any business of her employer firm, Columbia Management Investment Distributors Inc. Specifically, Dimco incurred a total of $20,157.92 in charges on the corporate American Express card issued to her to pay for personal expenditures such as clothing, travel, a laptop, medical and beauty treatments, and other personal expenses while on an approved medical leave from her firm.