Steven Michael Richardson of Walnut Creek California a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint on April 11, 2019 in which the customer requested unspecified damages based upon accusations that between January 1, 2018 and June 7, 2018, excessive exchange traded fund trades had been effected in the customer’s investment account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that Richardson is the subject of another customer initiated investment related dispute on March 4, 2019 where the customer sought unspecified damages supported by allegations of the customer receiving bad investment advice concerning the exchange traded funds held in the customer’s investment portfolio while Richardson was associated with Merrill Lynch Pierce Fenner Smith Inc.
Richardson’s registration with Merrill Lynch Pierce Fenner Smith Inc. has been terminated as of June 11, 2018. Since June 7, 2018, Richardson has been associated with LPL Financial LLC.
