Overview
- The agreement was finalized on Aug. 14 and later appeared on FINRA’s BrokerCheck, with InvestmentNews first reporting its disclosure this week.
- Jones initially sought $16 million in damages through a FINRA arbitration filing against Merrill Lynch.
- An arrest report alleges adviser Isaiah T. Williams took $1.56 million via 133 transactions between January 2022 and March 2024 and laundered about $1.03 million with Georgia resident Octavia Monique Graham.
- Williams was booked June 25 on felony counts including first-degree organized fraud and first-degree grand theft, and the charges carry potential sentences of up to 30 years, with a hearing set for Nov. 13 in Broward County.
- Merrill Lynch declined to comment on the settlement; records show Williams resigned in late 2024 and is barred by FINRA after failing to cooperate with its investigation.