Thomas Alan Braley, of Saginaw, Michigan, a stockbroker and financial advisor formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been named in a customer initiated investment related arbitration claim which settled on December 2, 2016 for $75,000.00 in damages. The customer’s claim was based upon allegations that between January of 2013 and February of 2016, Braley made misrepresentations concerning structured products, effected unsuitable investment recommendations, and excessively traded in the customer’s account.
FINRA Public Disclosure reveals that Braley has been identified in three additional customer disputes concerning allegations of his misconduct. Particularly, on May 16, 2006, a customer filed an investment related written complaint involving Braley’s conduct, based upon allegations that Braley effected excessive trades in the customer’s investment account.
On September 5, 2012, another customer filed an investment related written complaint concerning Braley’s conduct, in which the customer requested $150,000.00 in damages based upon allegations that Braley failed to abide by the customer’s instructions and used the customer’s margin without authorization pertaining to mutual funds transactions.
On July 23, 2014, a customer filed an investment related arbitration claim involving Braley’s conduct, in which the customer requested $25,000.00 in damages based upon allegations that Braley effected equity trades in the customer’s account without authorization.
Braley’s registration with Merrill Lynch was terminated on December 21, 2015. Since December 18, 2015, Braley has been associated with Wells Fargo Clearing Services, LLC.
Guiliano Law Group
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