FINRA Bars Former Cetera Broker George Merhoff for Non-Compliance
Stockbroker George Merhoff Jr, formerly with Cetera Financial Group, has been barred indefinitely by the Financial Regulatory Authority Inc. (FINRA) following his failure to comply with a FINRA investigation into his alleged securities industry violations and broker misconduct.
Broker of 21 Years Has History of Broker Misconduct
According Merhoff’s FINRA’s BrokerCheck report, Merhoff has been the subject of 27 customer disputes in the last 4 years alone.
The report shows that Merhoff was a broker with Cetera Advisors from February 2012 to April 2019 in Cetera’s Klamath Falls, Oregon branch. During his tenure, Mr. Merhoff and Cetera were subject to a regulatory investigation in 2016 by Oregon securities regulators. Merhoff also has been subject to multiple tax liens; most notably a $139,000 tax lien filed in 2016. Merhoff was fired following allegations of violating the firm’s policies and procedures by making undisclosed payments to a client of the firm.
Cetera Broker George Merhoff Fails to Cooperate
Merhoff ultimately refused to cooperate with FINRA’s investigation of his alleged improper conduct, causing FINRA to bar Merhoff from the securities industry.
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