Adam Ray Melville of Sherman Oaks, California, a stockbroker currently registered with Hilltop Securities Inc., is the subject of a customer initiated investment related written complaint on February 13, 2020, in which the customer requested $35,000.00 in damages because Melville allegedly made unauthorized trades involving municipal bonds during the time that he was associated with Hilltop Securities.
Melville has been identified in two additional customer initiated investment related disputes concerning his activities. FINRA Public Disclosure shows that a complaint regarding Melville’s conduct was settled for $7,284.72 in damages based upon accusations that Melville made misrepresentations about commissions in connection with liquidating stocks from the customer’s investment account while he was registered with Southwest Securities Inc.
Another customer filed an investment related written complaint on April 2, 2014, where the customer sought $34,325.00 in damages based upon allegations of unauthorized trading. The broker allegedly liquidated a customer’s investments and reinvested the proceeds at Southwest Securities Inc without the customer’s knowledge or consent.
Melville has been registered with Hilltop Securities as a stockbroker since December 22, 2008, and as an investment adviser representative since March 10, 2009.
