James Iannazzo Merrill Lynch Connecticut Broker Arrested

After a threatening and discriminatory diatribe against a group of young employees at a local smoothie business, a now-former Merrill Lynch broker in Stamford, Connecticut was arrested on Saturday.

According to a police report, James A. Iannazzo, 48, was charged with bigotry or prejudice intimidation, breach of peace, and criminal trespass.

He had accosted store staff with expletives, thrown a drink at one, and made remarks about her immigration status to another.

Iannazzo began his employment at Merrill Lynch as a client associate in 1995 and was dismissed as a result of the event, according to a spokeswoman for the Bank of America affiliate.

"This type of conduct is not tolerated by our firm," the spokesperson stated in a statement. "We investigated right away and took action."

Iannazzo's lawyer in Connecticut, Frank J. Riccio II, stated in a statement that he "wholeheartedly regrets" the situation.

After his kid had a serious allergic reaction to a smoothie containing peanuts and had to be rushed to the hospital, the broker returned to the shop.

"Mr. Iannazzo's paternal instinct came in and he acted out of rage and anxiety when presented with a terrible circumstance for his kid," Riccio wrote.

"He is not a racist, and he genuinely regrets his remarks and actions, which he made at a period of tremendous emotional stress."