Merrill Lynch fired Iannazzo immediately upon hearing about the incident. He had been with the firm since 1996. He was suspended by the CFP Board's Disciplinary and Ethics Commission in February.
Aegis, which was founded 1984, has been censured and fined numerous times by the Financial Industry Regulatory Authority for sales and best execution violations. It has 37 compliance and enforcement disclosures on BrokerCheck.
Iannazzo is due back in court on April 8, the CTPost website said.