SEC Accepts Offer of Settlement from Former Merrill Lynch Advisor
The Securities and Exchange Commission has accepted an Offer of Settlement from Shaun P. Golden.
The Securities and Exchange Commission has accepted an Offer of Settlement from Shaun P. Golden, a former advisor for Merrill Lynch.
Golden is the president, owner, and sole employee of Golden Wealth Management Inc., which was previously registered as an investment adviser in the states of New York, Florida, and Texas. Golden was also registered as an investment adviser representative with GWM.
The counts of the criminal complaint to which Golden pleaded guilty, alleged that Golden made fraudulent statements to potential investors in his real estate business, many of whom were advisory clients of GWM, and used client and investor funds to purchase two properties in his own name.
Golden was permanently barred by FINRA in 2011 Correct if incorrect year) for refusing to provide information and documents requested for a FINRA examination, prior to starting GWM.
He began his career in 1995 at VTR Capital Inc. where he worked for less than a year, moved to Sterling Foster & Company Inc. for a year and landed at H.J. Meyers & Co. for less than a year. Each of these firms were subsequently expelled as members by FINRA. He continued his career at Merrill Lynch for three years beginning in 1998 and continued at A.G. Edwards & Sons for five years. He began to work for Next Financial Group Inc. for three years before moving to Sterne Agee Financial Services for less than a year before being terminated in 2011.
The SEC has barred Golden from association with any investment adviser, broker, dealer, municipal securities dealer, municipal advisor, transfer agent or nationally recognized statistical rating organization.
