Ronald Lee Johnston of Daytona Beach, Florida, a stockbroker currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, is the subject of a customer initiated investment related written complaint, which settled on November 7, 2017 for $230,000.00 in damages based upon accusations of omissions and misrepresentations between August of 2016 and June of 2017 relating to the customer’s structured product transactions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Johnston has been referenced in two ,pre customer initiated investment related disputes pertaining to allegations of Johnston’s misconduct while he was employed with Merrill Lynch and Banc of America Investment Services, Inc. Specifically, on August 14, 2003, a customer filed an investment related written complaint involving Johnston’s conduct, in which the customer requested $125,000.00 in damages supported by accusations that Johnston made unsuitable investment recommendations to the customer concerning equities, mutual funds, and corporate debt products.
Johnston has also been subject of a customer initiated investment related complaint, which settled on August 24, 2017 for $324,000.00 in damages founded on allegations that omissions and misrepresentations were made to the customer concerning structured products and unauthorized trades were executed in the customer’s investment account between March of 2016 and August of 2016.
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