Jeffrey William Fitz of Short Hills New Jersey a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint on June 5, 2020 where the customer sought compensatory damages founded on accusations that misrepresentations had been made to the customer by Fitz concerning investment returns and an outside business activity that Fitz took part in between 2017 and 2020 while associated with Merrill Lynch.
This is not the first time that Fitz has been the subject of a customer dispute alleging sales practice violations. FINRA Public Disclosure reveals that on May 9, 2018, a customer filed an investment related complaint regarding Fitz’s activities in which the customer requested unspecified compensatory damages based upon allegations that unsuitable investment recommendations had been made by Fitz from June 9, 2017 to May 9, 2018 as it pertained to a variable annuity held by the Merrill Lynch customer.
Fitz’s stockbroker and investment adviser representative registrations at Merrill Lynch have been terminated as of March 15, 2021. Since March 12, 2021, he has been a stockbroker of Raymond James Financial Services Inc., and since March 23, 2021, he has been an investment adviser representative of Raymond James Financial Services Advisors Inc.