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Advisor in Smoothie Shop Incident Is Fined and Suspended Over Cash Transactions
News February 13, 2025 at 01:58 PM
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What You Need To Know
- Merrill fired James Iannazzo in 2022 over a confrontation at a smoothie shop.
- FINRA found that Iannazzo, now with Aegis Capital, structured 368 bank transactions to evade reporting requirements.
- A panel dissenter found the punishment too severe; Iannazzo said the cash transactions were tied to home renovations.
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