Kevin Sierzant Discharged By Merrill Lynch Amid Selling Away Allegations

Kevin Joseph Sierzant (CRD: 7223312), a former securities broker based in Newport Beach, California, worked for Merrill Lynch from February 18, 2020, to May 27, 2026. His Financial Industry Regulatory Authority (FINRA) BrokerCheck record includes an employment separation disclosure that may be relevant to investors who believe they were harmed because of his conduct. Here is a closer look at the circumstances of his departure and the rules governing securities transactions outside a brokerage firm.

Merrill Lynch Cited Selling Away Concerns In Kevin Sierzant’s Discharge

On May 4, 2026, Merrill Lynch discharged Sierzant. The firm alleged that his conduct involving selling away, late reporting of outside business activities, and electronic business communications fell short of its standards.

What Are Private Securities Transactions?

Private securities transactions generally involve securities deals a broker or financial advisor handles outside the firm that employs them. These activities may involve investments not offered, approved, or supervised through the broker’s firm. Depending on the circumstances, industry rules may require brokers to notify their firms in writing before taking part in such transactions. Firms may also need to review, approve, or supervise the transactions. “Selling away” generally refers to a broker taking part in securities transactions outside the brokerage firm’s regular business without the required approval or disclosure.

Seeking Help With Possible Losses Involving Kevin Sierzant

Investors who believe they lost money because of Kevin Sierzant can contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney about potentially recovering their losses. The firm has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Sierzant and the brokerage firms he worked for deny allegations of sales practice violations.