Tag Archives: Merrill Lynch Pierce Fenner & Smith Inc.

Merrill Lynch Settles ETF Excessive Trading Claim

Steven Michael Richardson, of Walnut Creek, California, a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc., is the subject of a customer initiated investment related written complaint which was settled for $320,000.00 in damages on October 11, 2019, based upon accusations of Richardson’s excessive trading of exchange-traded funds for the customer’s account while […]

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Investors Accuse Merrill Lynch Of Stockbroker of Misrepresentation

November 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Municipal Bond Fraud   |   Comments Off on Investors Accuse Merrill Lynch Of Stockbroker of Misrepresentation

Hector J. Gonzalez (also known as Hector Gonzalez Colon) of Miami Florida a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $3,000,000.00 in damages founded upon accusations of Gonzalez misrepresenting municipal bonds when he was registered with […]

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FINRA Bars Merrill Lynch Stockbroker In Investigation

October 19, 2021  |   Posted by :   |   Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on FINRA Bars Merrill Lynch Stockbroker In Investigation

Ryan Ashley Raskin of Beverly Hills California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to comply with FINRA’s investigation focusing on his alleged unsuitable investment recommendations while he was […]

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Investors File Securities Arbitration Claim Against RBC For Unsuitable Investment Advice

October 08, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Over Concentration   |   Comments Off on Investors File Securities Arbitration Claim Against RBC For Unsuitable Investment Advice

Joseph Ijong Chu of Stamford Connecticut a stockbroker currently registered with RBC Capital Markets LLC is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $1,000,000.00 in damages founded on accusations that unsuitable energy securities were recommended by Chu when he was associated with RBC Capital Markets. […]

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FINRA Bars Merrill Lynch Stockbroker In Investigation

September 16, 2021  |   Posted by :   |   Breach of Fiduciary Duty, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on FINRA Bars Merrill Lynch Stockbroker In Investigation

Scott Geoffrey Madison of Riverhead New York a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he failed to cooperate with FINRA’s investigation into why Merrill Lynch terminated his registration as stockbroker. Letter […]

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FINRA Arbitration Claim Filed Against Merrill Lynch For Misrepresentation

August 26, 2021  |   Posted by :   |   Churning, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on FINRA Arbitration Claim Filed Against Merrill Lynch For Misrepresentation

Sonia Balfour-Fears (also known as Sonia Delores Balfour and as Sonia D. Fears) of Atlanta Georgia a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages founded on accusations that Balfour-Fears made misrepresentations to the […]

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Investors Accuse Merrill Lynch Of Misrepresentation

August 06, 2021  |   Posted by :   |   Investment and Regulatory News, Over Concentration, Unauthorized Trading   |   Comments Off on Investors Accuse Merrill Lynch Of Misrepresentation

Cristiano Tempo Castellini of Beverly Hills California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. is referenced in a customer initiated investment related written complaint on February 9, 2021 in which the customer requested compensatory damages based upon accusations that Castellini effected unauthorized trades in the customer’s account during the period that […]

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Merrill Lynch Stockbroker Barred By SEC For Fraud

August 06, 2021  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Merrill Lynch Stockbroker Barred By SEC For Fraud

Christopher Lee Hibbard (also known as Chris Hibbard) of Louisville Kentucky a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred as stockbroker and as investment adviser representative according to a Securities and Exchange Commission (SEC) Order based on findings of Hibbard committing fraud. In the Matter of Christopher Lee Hibbard […]

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Merrill Lynch Stockbroker Sanctioned For Unit Investment Trust Trading

July 31, 2021  |   Posted by :   |   Investment and Regulatory News, Unit Investment Trusts (UITs)   |   Comments Off on Merrill Lynch Stockbroker Sanctioned For Unit Investment Trust Trading

Kelly Wayne Feehrer of Chattanooga Tennessee a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he made unsuitable recommendations to customers in reference to unit investment trust […]

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Investors Accuse Mount Laurel Merrill Lynch Stockbroker Of Unauthorized Trading

July 31, 2021  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on Investors Accuse Mount Laurel Merrill Lynch Stockbroker Of Unauthorized Trading

Gary Begnaud of Mount Laurel New Jersey a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith inc. is the subject of a customer initiated investment related written complaint on September 3, 2020 in which the customer alleged that Begnaud effected unauthorized mutual fund trades between March 22, 2020 and March 23, 2020 resulting in […]

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Merrill Lynch Stockbroker Sanctioned For Unsuitable UIT Recommendations

July 12, 2021  |   Posted by :   |   Investment and Regulatory News, Unit Investment Trusts (UITs), Unsuitable Investment Recommendations   |   Comments Off on Merrill Lynch Stockbroker Sanctioned For Unsuitable UIT Recommendations

Scott Ryland Mathews of Charlotte North Carolina a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Mathews providing unsuitable recommendations to customers regarding unit investment trust transactions […]

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FINRA Sanctions Merrill Lynch $3.2 Million For Failure To Supervise

July 12, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News, Unit Investment Trusts (UITs)   |   Comments Off on FINRA Sanctions Merrill Lynch $3.2 Million For Failure To Supervise

Merrill Lynch Pierce Fenner Smith Incorporated a securities broker dealer headquartered in New York New York has been censured and fined $3,250,000.00 by Financial Industry Regulatory Authority (FINRA) based upon findings that Merrill Lynch failed to supervise its stockbrokers’ recommendations of unit investment trusts resulting in customers being overcharged on UIT transactions. Letter of Acceptance […]

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Investors Accuse Merrill Lynch Of Unauthorized Trading

July 07, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on Investors Accuse Merrill Lynch Of Unauthorized Trading

Joel Lansat of Palm Beach Gardens Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint on April 9, 2020 in which the customer sought compensatory damages based upon accusations that unauthorized trades were effected in the customer’s Merrill Lynch investment account […]

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Reported Unauthorized Transactions In Fact $1.7 Million Broker Theft

May 15, 2021  |   Posted by :   |   Investment and Regulatory News, Stockbroker Theft   |   Comments Off on Reported Unauthorized Transactions In Fact $1.7 Million Broker Theft

Marcus E. Boggs of Chicago Illinois a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $44,731.77 in damages on October 21, 2020 founded on accusations of “unauthorized charges” in the customer’s account during the time that Boggs […]

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Investors Accuse Merrill Lynch Of Misrepresentation

March 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Securities Fraud   |   Comments Off on Investors Accuse Merrill Lynch Of Misrepresentation

Jeffrey William Fitz of Short Hills New Jersey a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint on June 5, 2020 where the customer sought compensatory damages founded on accusations that misrepresentations had been made to the customer by Fitz concerning investment […]

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FINRA Bars Merrill Lynch Stockbroker In Investigation

February 16, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on FINRA Bars Merrill Lynch Stockbroker In Investigation

Charles Ernest Kenahan of Boston Massachusetts a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that he failed to cooperate with FINRA investigators regarding his sales practices. Letter of Acceptance Waiver and Consent No. […]

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Merrill Lynch Sued By Investors For Misrepresentation

February 16, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Merrill Lynch Sued By Investors For Misrepresentation

Debra Rae Lambert of The Villages Florida a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $42,500.00 in damages supported by accusations that misrepresentations had been made by the stockbroker and that her investment recommendations were not […]

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Merrill Lynch Stockbroker Barred In Investigation

February 16, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Merrill Lynch Stockbroker Barred In Investigation

Tyler Dean Delahunt of Atlanta Georgia a stockbroker formerly registered with Merrill Lynch has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to provide documents and information to FINRA when it investigated him for outside business activities and private securities transactions. Letter […]

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Merrill Lynch Stockbroker Sanctioned For Selling Away

January 19, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on Merrill Lynch Stockbroker Sanctioned For Selling Away

Rawad Roy Alame (also known as Roy Rawad Alame) of Raleigh North Carolina a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings of Alame selling away when he […]

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Merrill Lynch Stockbroker Sanctioned For Selling Away

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Ponzi Schemes, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on Merrill Lynch Stockbroker Sanctioned For Selling Away

Frank Howard Zito of Ridgeland Mississippi a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been fined $10,000.00 and suspended for 16 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Zito engaged in private securities transactions and outside business activities while registered with […]

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Investors File Securities Arbitration Claim Against Merrill Lynch For Misrepresentation

December 22, 2020  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations, Variable Annuites   |   Comments Off on Investors File Securities Arbitration Claim Against Merrill Lynch For Misrepresentation

Francisco Javier Valenzuela of Tucson Arizona a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim where the customer requested $500,000.00 in damages founded on allegations that investment recommendations made to the customer were not suitable and that misrepresentations had been made by […]

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Merrill Lynch Stockbroker Barred For Unsuitable ETF Trading

December 22, 2020  |   Posted by :   |   Excessive Trading, FINRA Securities Arbitration, Inverse/Leveraged ETF Funds, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Merrill Lynch Stockbroker Barred For Unsuitable ETF Trading

Charles Ernest Kenahan of Boston Massachusetts a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been barred by New Hampshire Department of State Bureau of Securities Regulation founded on accusations of Kenahan making unsuitable investment recommendations to a customer of Merrill Lynch. Consent Order No. COM2019-000 (Dec. 7, 2020). According to the Order, […]

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Investors File FINRA Securities Arbitration Claim Against Merrill Lynch

December 07, 2020  |   Posted by :   |   Bond Fraud, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against Merrill Lynch

Roberto Alejandro Fernandez of Miami Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related arbitration claim which was settled for $160,000.00 in damages founded on allegations that the customer received unsuitable investment advice and had been sold government debt investments that were misrepresented. Financial […]

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Investors Bring FINRA Arbitration Claim Against Merrill Lynch

December 01, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Retirement Planning Fraud   |   Comments Off on Investors Bring FINRA Arbitration Claim Against Merrill Lynch

John Patrick Donnelly of Houston Texas a stockbroker currently employed by Merrill Lynch is referenced in an investment related civil action in which unspecified damages were alleged supported by accusations of Donnelly failing to adjust the customer’s retirement account resulting in unintended beneficiaries receiving assets from a customer’s Merrill Lynch account. Civil Action No. 477195-401 […]

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Investors Accuse Merrill Lynch Of Providing Defective Investmment Advice

November 04, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Accuse Merrill Lynch Of Providing Defective Investmment Advice

Mark David Yadron (also known as Mark Lynn Yoder) of Prescott Arizona a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated is referenced in a customer initiated investment related written complaint on October 2, 2020 in which the customer sought unspecified damages supported by allegations that investment recommendations made by Yadron at Merrill […]

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Merrill Lynch Stockbroker Sanctioned For Unauthorized Trading

November 04, 2020  |   Posted by :   |   Securities Arbitration Claims, Unauthorized Trading   |   Comments Off on Merrill Lynch Stockbroker Sanctioned For Unauthorized Trading

Douglas William Stopkey of Richmond Virginia a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that he effected unauthorized trades in customer accounts while registered with Merrill Lynch. Letter of Acceptance Waiver and Consent No. […]

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Investors Bring FINRA Arbitration Claims Against Merrill Lynch For Misrepresentation

September 30, 2020  |   Posted by :   |   Alternative Investments, Securities Arbitration Claims, Structured Products, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring FINRA Arbitration Claims Against Merrill Lynch For Misrepresentation

Kevin Joseph Schaefer of San Francisco California a stockbroker and investment adviser representative of Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer requested $1,000,000.00 in damages supported by accusations of Schaefer making misrepresentations and providing unsuitable investment advice with respect to the […]

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Investors Sue Securities America For Over Rogue Stockbroker

September 14, 2020  |   Posted by :   |   Elder Financial Abuse, Excessive Trading, FINRA Securities Arbitration, Securities Arbitration Claims, Securities Fraud, Unauthorized Trading   |   Comments Off on Investors Sue Securities America For Over Rogue Stockbroker

Giustino DeStefano (also known as Justin Antonio DeStefano) of Williamsville New York a stockbroker formerly employed by Merrill Lynch and Securities America is the subject of a customer initiated investment related arbitration claim which was settled for $485,000.00 in damages supported by allegations of elder abuse and the violation of California Securities Act. Financial Industry […]

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Merrill Lynch Stockbroker Barred In Theft Investigation

September 14, 2020  |   Posted by :   |   Investment and Regulatory News, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on Merrill Lynch Stockbroker Barred In Theft Investigation

Jose Giraldo (also known as Tomas Giraldo) of Chula Vista California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Giraldo neglected to cooperate with FINRA’s request for his information following the point in […]

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Investors Sue BBT Securities For Unauthorized Transactions

August 27, 2020  |   Posted by :   |   Unauthorized Trading   |   Comments Off on Investors Sue BBT Securities For Unauthorized Transactions

Christopher Allan Swan of Irving Texas a stockbroker formerly registered with BBT Securities LLC is the subject of a customer initiated investment related civil action brought in the District Court of Dallas County Texas in which the customer requested $23,000.00 in damages based upon allegations that 529 accounts and other custodial accounts had been set […]

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