Steven Kent Quinly, of Walnut Creek, California, a stockbroker currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been named in a customer initiated investment related arbitration claim on February 21, 2017, in which the customer requested $116,000.00 in damages based upon allegations that Quinly made unsuitable investment recommendations to the customer as well misrepresentations in connection with the customer’s market linked investments.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Quinly has been named in five additional customer initiated investment related disputes regarding allegations of his wrongdoing while employed with Merrill Lynch, Pierce, Fenner & Smith Incorporated. Particularly, on October 27, 2008, a customer initiated investment related written complaint involving Quinly’s conduct was settled for $25,000.00 in damages based upon allegations that between 2014 and 2015, Quinly omitted facts and made misrepresentations, as well as unsuitable investment recommendations which had induced the customer’s investments in structured products.
Subsequently, on June 2, 2016, a customer initiated investment related written complaint regarding Quinly’s activities was resolved for $25,000.00 in damages based upon allegations of unsuitability and omissions of facts concerning structured products that had been effected in the customer’s account. A customer with similar allegations against Quinly filed a customer initiated investment related written complaint on August 29, 2016, in which the customer requested $39,102.00 in damages.
Guiliano Law Group
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