Brad Roger Nettune of Summit New Jersey a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $6,000,000.00 in damages based upon accusations that (1) the customer’s account was churned and (2) unsuitable over-the-counter equities recommendations were made to the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-04026 (Nov. 27, 2018).
FINRA Public Disclosure additionally reveals that a customer filed an investment related complaint involving Nettune’s conduct where the customer requested damages estimated to exceed $5,000.00 supported by allegations that unauthorized equity trades were effected in the customer’s account; trades were executed on an excessive basis; and excessive fees were assessed in the customer’s managed account. FINRA Arbitration No. 13-02677 (Sept. 27, 2013).
Nettune has been employed by Merrill Lynch since September 24, 2015. He was also registered with Merrill Lynch in New York, New York between May 19, 1999 to October 17, 2001, but discharged founded on accusations that he violated Merrill Lynch’s policy by engaged in discretionary trading of customer accounts.
