Michael Scott Livermore's 23-year career with Merrill Lynch in Stockton, California came to an abrupt end earlier this year when the firm discharged him for failing to timely disclose reportable events. FINRA has now fined and suspended Livermore for falsely answering "no" to a disclosure form's question of whether the registered representative has been charged with any felony.
In February 2018, Merrill Lynch terminated Livermore (CRD #2579957) for the disclosure failure, following a 2017 California Department of Insurance decision and order to revoke Livermore's life insurance license with variable contractor authority, and a 2016 criminal conviction for "harmful matter of manner sent with sexual intent of a known minor."
According to FINRA, Livermore, whose association with Merrill Lynch in Stockton began in 1995, and whose BrokerCheck report also lists employment with Bank of America (also in Stockton, CA), was sentenced in 2017 to three years of formal probation, $800 fines, and a requirement to register as a sex offender during the probationary period.
His most recent role at Merrill Lynch was Senior Vice President and Wealth Management Advisor.
If you have invested with Michael Scott Livermore or with any broker whose failure to disclose material information, including criminal convictions, 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.