Misappropriation Nets Broker Roderick Yzaguirre 10 Disclosures in 2 Months, Over $3.3 Million in Damages

Attorney Advising Disclaimer

After voluntarily resigning from the Ontario, California branch of Merrill Lynch with "employment separation after allegations" disclosure, SoCal broker Roderick Yzaguirre accumulated a series of customer disputes—nine in the two month period since leaving Merrill Lynch, with eight alleging misappropriation of funds.

In addition to allegations of misappropriation, five customer disputes alleged misrepresentation while one accused Yzaguirre of unauthorized trading.

The various complaints alleged Yzaguirre's various instances of misconduct started as early as July 2007 and persisted until March 2015. Yzaguirre officially resigned from Merrill Lynch on March 2, 2015.

As of July 1, 2015, FINRA reports eight disputes have been settled for a total of $3,360,839.77 while one further dispute alleging misrepresentation and misappropriation of funds from June 2010 to March 2015 is still pending.

According to Yzaguirre's FINRA BrokerCheck, the broker worked at Merrill Lynch from 2009 to 2015, and before that with Banc of America Investment Services, Inc.

The FINRA Brokercheck report lists the product types associated with the misappropriation and misrepresentation misconduct included structured notes and unit investment trusts.

If you have invested with the Inland Empire's Roderick Yzaguirre when he was at Merrill Lynch or Banc of America Investment Services, or have invested with another broker, financial adviser or firm whose misappropriation of funds or failure to adequately supervise associates and representatives to guard against such misconduct has proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for investigation and consultation.

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