Jacquin P. Fink of New York New York a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer requested $3,581,198.00 in damages supported by accusations of bad investment recommendations being made to the customer concerning (1) over-the-counter equities (2) foreign debt products and (3) common or preferred stock trades effected in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00005 (Jan. 2, 2019).
FINRA Public Disclosure confirms that Fink is referenced in four additional customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was associated with Merrill Lynch Pierce Fenner Smith Incorporated. Specifically, a customer initiated investment related arbitration claim concerning Fink’s activities was resolved for $30,000.00 in damages founded on accusations that misrepresentations had been made to the customer, and the customer was provided poor investment advice concerning stock trades placed in the customer’s account. FINRA Arbitration No. 16-00996 (Dec. 6, 2016).
Another customer initiated investment related arbitration claim involving Fink’s activities was settled for $402,500.00 in damages based upon allegations that between 2013 and 2016, omissions and misrepresentations were made with regard to the customer’s equity investments; stock trades had been placed in the customer’s account on an excessive basis; and the customer was poorly advised concerning the equity investments. FINRA Arbitration No. 16-01043 (Dec. 1, 2016).
Also, on December 29, 2016, a customer initiated investment related complaint regarding Fink’s activities was resolved for $205,732.34 in damages supported by accusations that between November of 2014 and July of 2016, the customer received bad investment recommendations concerning common or preferred stocks held in the customer’s investment portfolio. Subsequently, a customer initiated investment related arbitration claim regarding Fink’s conduct was settled for $75,000.00 in damages founded on allegations of omissions and poor investment recommendations concerning the customer’s stock holdings between December of 2007 and October of 2016. FINRA Arbitration No. 17-02856 (Dec. 13, 2018).
Furthermore, a customer initiated investment related arbitration claim concerning Fink’s activities was resolved for $263,000.00 in damages based upon accusations that the customer was sold mutual fund debt instruments that were inappropriate for the customer given the customer’s risk tolerance or objectives for investing. FINRA Arbitration No. 18-00018 (Feb. 7, 2019).
Fink has been employed by Merrill Lynch Pierce Fenner Smith incorporated since September 26, 1978.
