Mark Alan Lezanic, of Wayne, Pennsylvania, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint filed on December 14, 2023. The customer requested $10,132.94 in damages based upon allegations that Lezanic was not acting in the customer’s best interest in 2023, given the commissions charged in the liquidation of their father’s equity portfolio when Lezanic was associated with Merrill Lynch.
Fully disclosed commissions are no secret and are disclosed on customer confirmations.
This is not the first time that Lezanic has been referenced in a customer initiated investment related dispute concerning Lezanic’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Lezanic is also referenced in a customer initiated investment related complaint filed on July 28, 2009, in which the customer alleged failure to follow instructions and misrepresentations of material fact in connection with the sale of hedge funds during the time that Lezanic was associated with Merrill Lynch. This claim was denied by his employer.
Lezanic has been associated with Merrill Lynch in Wayne, Pennsylvania since June 20, 2008.
