Paul Raehpour: Merrill Lynch Advisor Faces ETF Allegations

A recent investor complaint against McKinney, Texas financial advisor Paul Raehpour (CRD# 4508598) alleges that she made unauthorized exchange-traded fund transactions. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Merrill Lynch.

Mr. Raehpour’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in June 2024, alleges that as a representative of Merrill Lynch, he made unauthorized trades involving exchange-traded fund products. The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in 2008, alleged that as a representative of Morgan Stanley, he made unauthorized bond purchases. The complaint reached a settlement of $6,392.40.

A third investor complaint, filed in 2008, alleged that he sold unsuitable auction rate securities while registered with Morgan Stanley & Company. The complaint reached a settlement involving the firm’s repurchase of the securities at par value, or $200,000.

Merrill Lynch’s website includes a profile of Mr. Raehpour that describes his philosophy and experience, including his background in the entertainment industry. “It’s important to plan for your financial future, which means getting more than investment advice,” it explains. “Our commitment is centered on helping you achieve your goals by making your needs a priority. Our advice and financial planning approach are guided by what’s important to you.”

According to the Financial Industry Regulatory Authority, Paul Raehpour holds 22 years of securities industry experience. Based in McKinney, Texas, he has been registered as a broker and an investment advisor with Merrill Lynch since 2014. His past registrations include UBS Financial Services, Morgan Stanley & Company, Morgan Stanley, and Morgan Stanley DW. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He holds 31 state licenses. (Information current as of July 6, 2024.)

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