Blake Scherr: Merrill Lynch Advisor Faces $1mm Complaint

Vienna, Virginia financial advisor Blake Scherr (CRD# 5043294) recently received an investor complaint alleging that his conduct resulted in seven-figure damages. Financial Industry Regulatory Authority records how that he is registered as a broker and an investment advisor with Merrill Lynch.

Mr. Scherr’s BrokerCheck report discloses one investor complaint. Filed in September 2025, it alleges that as a representative of Merrill Lynch, he improperly solicited an account between September 2024 and May 2025. The pending complaint alleges damages of $1 million.

The improper solicitation of an account may run afoul of multiple securities industry rules. FINRA Rule 2010, for instance, states that registered representatives of FINRA member firms must “observe high standards of commercial honor and just and equitable principles of trade. FINRA Rule 2111, meanwhile, requires brokers to “have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile.” More information on these rules is available via FINRA.

According to the Financial Industry Regulatory Authority, Blake Scherr holds seven years of securities industry experience. Based in Vienna, Virginia, he has been registered as a broker and an investment advisor with Merrill Lynch since 2018. He has no previous registrations. His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Representative Examination, or Series 7; and the Uniform Combined State Law Examination, or Series 66. He holds 55 state licenses. (Information current as of October 19, 2025.)

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