A FINRA arbitration panel ordered a former Merrill Lynch advisor to pay the wirehouse more than $400,000 in damages for breach of a promissory note and unjust enrichment.

Last week, the Dallas-based arbitration panel ordered Terrance Wilkerson to pay Merrill $213,062 in compensatory damages, $172,417 in attorney's fees, and more than $6,700 for filing and other administrative costs, including copying and mailing expenses.

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