Archibald Adam Walker of Great Neck New York a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related civil action in which the customer requested compensatory damages founded on accusations that Walker converted a customer’s funds in the course of effecting a real estate transaction. Civil Action No. 50372618 (Feb. 21, 2018).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Walker has been identified in three more customer initiated investment related disputes containing allegations of his misconduct during the time that he was employed by Merrill Lynch. Particularly, a customer initiated investment related arbitration claim regarding Walker’s conduct was settled for $18,500.00 in damages supported by accusations that unit investment trust transactions were effected in the customer’s account that were neither suitable nor authorized by the customer. New York Stock Exchange (NYSE) Arbitration No. 2002-010506 (Jan. 30, 2003).
On June 13, 2002, another customer filed an investment related complaint regarding Walker’s activities where the customer alleged that corporate debt transactions were placed in the customer’s account that were not suitable for the customer. Then, on September 15, 2008, a customer filed an investment related complaint concerning Walker’s conduct in which the customer requested unspecified damages based upon allegations that unsuitable investment recommendations had been made to the customer, and the risks of stock investments had been misrepresented.
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