Mark Eben Lilley, of Guaynabo, Puerto Rico, a stockbroker currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been named in a customer initiated investment related arbitration claim on May 11, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Lilley, from 2012 to 2016, omitted and misrepresented facts concerning closed end funds, and made unsuitable investment recommendations to the customer concerning investments.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on January 25, 2017, a customer initiated investment related arbitration claim involving Lilley’s conduct was settled for $25,000.00 in damages based upon allegations that he effected closed end funds and bond transactions in customers’ accounts, and that the investments were misrepresented and not suitable for the customers. In addition, on April 5, 2016, a customer filed an investment related arbitration claim regarding Lilley’s activities, in which the customer requested $1,000,000.00 in damages based upon allegations that Lilley excessively concentrated the customer’s investments in closed end funds and made investment related misrepresentations to the customer.
Guiliano Law Group
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