Gary Begnaud of Mount Laurel New Jersey a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith inc. is the subject of a customer initiated investment related written complaint on September 3, 2020 in which the customer alleged that Begnaud effected unauthorized mutual fund trades between March 22, 2020 and March 23, 2020 resulting in damages.
This is not the first time that Begnaud has been involved in an investor dispute concerning allegations of his harmful actions. FINRA Public Disclosure additionally states that Begnaud has been referenced in a customer initiated investment related civil action which was settled for $25,000.00 in damages based upon accusations of Begnaud’s misrepresentation of information relating to limited partnership units. The lawsuit also alleges the violation of Pennsylvania securities laws in regard to the customer’s investments.
Begnaud’s stockbroker and investment adviser representative registrations with Merrill Lynch have been terminated as of June 23, 2020. Since June 19, 2020, he has been associated with Janney Montgomery Scott LLC as a stockbroker and an investment adviser representative.