According to Investment News, former Merrill Lynch broker Marc D. Lowe has been discharged from the firm following what documents filed with state regulators describe as “conduct involving inappropriate workplace behavior, resulting in loss of management’s confidence.”
Marc D. Lowe (CRD# 2624713) has spent nineteen years in the securities industry and had been at Merrill Lynch in Los Angeles since 2009. Previous registrations include Banc of America Investment Services in Los Angeles (1999-2009), Banc of America Securities LLC in New York (1998-1999), BancAmerica Securities Inc. in San Francisco (1997-1998), and BA Investment Services in Oakland (1995-1997).
According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Marc D. Lowe is currently not registered with any firm and is not licensed to act as a broker. His report lists no customer complaints, regulatory sanctions, liens, employment separations, or other disclosures.
Investment News reports that Marc D. Lowe held the position of senior vice president at Merrill Lynch, and that his team “oversaw $2.5 billion in client assets.” The firm’s spokesman, William P. Halldin, declined to comment on the reasons for his dismissal. Mr. Lowe also declined to comment on the circumstances.
Anonymous sources cited by Investment News mentioned “disagreements between Mr. Lowe and senior management at the firm,” though there appear to be few other details surrounding his departure. The remainder of his 12-member team reportedly remains at Merrill Lynch, in addition to support staff and related advisers.
A 2011 Barrons ranking of “top advisers in California” listed Marc D. Lowe as #24, at which time “he was said to be managing $5 billion in assets,” though some sources claimed “the managing director on the team, John Vilardo, may have overseen a large portion” of those assets.
If you have lost money investing or have complaints regarding Marc. D Lowe, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be qualified to recover your losses. All cases are taken on contingency: we only get paid if and when you recover money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.