James Allen Atwood of Boston Massachusetts a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. is the subject of a customer initiated investment related written complaint on September 27, 2016 in which the customer sought unspecified damages supported by accusations that master limited partnership investments were not appropriate for the customer’s charitable remainder trust.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Atwood is referenced in three additional customer initiated investment related disputes pertaining to allegations of his violative conduct during the period that he was registered with Merrill Lynch. Specifically, a customer initiated investment related complaint involving Atwood’s activities was settled for $190,000.00 in damages based upon accusations that he placed unsuitable options trades and inappropriately utilized the customer’s margin account. Subsequently, a customer initiated investment related complaint concerning Atwood’s conduct was resolved for $22,500.00 in damages founded on allegations that misrepresentations had been made to the customer concerning the commissions assessed on mutual fund investments.
Subsequently, a customer initiated investment related arbitration claim involving Atwood’s activities was settled to resolve the customer’s accusations of negligence, breach of contract, breach of fiduciary duty, unauthorized trading, churning, omission of fact, misrepresentation and fraud concerning sales and purchases of stock and options in the customer’s account.
Atwood’s registration with Merrill Lynch has been terminated as of April 24, 2018. Since April 20, 2018, he has been employed by First Republic Securities Company, LLC.
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