Tag Archives: Merrill Lynch Pierce Fenner & Smith Inc.

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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FINRA Sanctions Merrill Lynch Stockbroker For Unauthorized Trading

August 27, 2020  |   Posted by :   |   Securities Arbitration Claims   |   Comments Off on FINRA Sanctions Merrill Lynch Stockbroker For Unauthorized Trading

Sylvester Knox of Short Hills New Jersey a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith has been fined $10,000.00 and suspended for nine months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Knox engaged in unauthorized trades in Merrill Lynch customer accounts. Letter of […]

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Merrill Lynch Stockbroker Sanctioned For Unauthorized Activities

August 27, 2020  |   Posted by :   |   Customer Loans, Selling Away and Outside Activities   |   Comments Off on Merrill Lynch Stockbroker Sanctioned For Unauthorized Activities

Omar Waleed Hammad-Randolph of Boca Raton Florida a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Incorporated has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Hammad-Randolph borrowed from a customer of the securities broker dealer without […]

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National Securities Sued By Investors For Fraud

July 29, 2020  |   Posted by :   |   Direct Participation Programs, Securities Arbitration Claims, Securities Fraud   |   Comments Off on National Securities Sued By Investors For Fraud

Kurt Anthony Stein of New York New York a stockbroker formerly employed by National Securities Corporation has been identified in a customer initiated investment related arbitration claim where the customer sought $35,000.00 in damages founded on accusations that misrepresentations were made to the customer by Stein concerning direct participation program interests or limited partnership interests […]

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Investors Bring Arbitration Claims Against Merrill Lynch For Unauthorized Trading

July 29, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Bring Arbitration Claims Against Merrill Lynch For Unauthorized Trading

Scott Geoffrey Madison of Riverhead New York a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith has been identified in a customer initiated investment related arbitration claim where the customer sought $600,000.00 damages founded on accusations that between December 27, 2017 and September of 2019, over-the-counter equities recommendations failed to be suitable for the […]

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Merrill Lynch Sued By Investors For Unsuitable Trading

July 20, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Merrill Lynch Sued By Investors For Unsuitable Trading

Jacquin P. Fink of New York New York a stockbroker formerly associated with Merrill Lynch has been referenced in a customer initiated investment related arbitration claim in which the customer requested $43,434.00 in damages supported by allegations that common and preferred stock recommendations failed to be suitable during the period in which Fink was employed […]

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Merrill Lynch Stockbroker Sanctioned For Altering Documents

July 20, 2020  |   Posted by :   |   Forgery   |   Comments Off on Merrill Lynch Stockbroker Sanctioned For Altering Documents

Cynthia Ann Perry of Salisbury Maryland a stockbroker formerly associated with Merrill Lynch 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 she altered signed Merrill Lynch customer documents to create accounts and effect transactions. Letter of Acceptance […]

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Merrill Lynch Sued By For Bad Investment Advice

July 20, 2020  |   Posted by :   |   Municipal Bond Fraud, Mutual Fund Fraud, Securities Arbitration Claims   |   Comments Off on Merrill Lynch Sued By For Bad Investment Advice

Juan Guillermo Herrans Barreras of Miami Florida a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related arbitration claim in which the customer requested $800,000.00 in damages based upon allegations that misrepresentations had been made to the customer regarding mutual funds and that the customer […]

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Merrill Lynch Sued For Failure To Execute In COVID Crash

July 11, 2020  |   Posted by :   |   Failure to Execute   |   Comments Off on Merrill Lynch Sued For Failure To Execute In COVID Crash

Cristiano Tempo Castellini of Beverly Hills California a stockbroker currently associated with Merrill Lynch Pierce Fenner Smith Incorporated has been referenced in a customer initiated investment related written complaint on April 16, 2020 in which the customer requested unspecified damages supported by allegations that the customer’s instructions had not been followed by the stockbroker between […]

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FINRA Sanctions Merrill Lynch For Failure To Supervise

June 24, 2020  |   Posted by :   |   Failure To Supervise   |   Comments Off on FINRA Sanctions Merrill Lynch For Failure To Supervise

Merrill Lynch a securities broker dealer headquartered in New York New York has been censured by Financial Industry Regulatory Authority (FINRA) founded on findings that Merrill Lynch overcharged customers on mutual fund transactions. Letter of Acceptance Waiver and Consent No. 2017053494401 (June 4, 2020). According to the AWC, between April of 2011 and April of […]

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Merrill Lynch Accused Of Failure To Execute

June 03, 2020  |   Posted by :   |   Failure to Execute   |   Comments Off on Merrill Lynch Accused Of Failure To Execute

Richard Sica of Ridgefield Connecticut a stockbroker currently registered with Merrill Lynch Pierce Fenner Smith Incorporated is the subject of a customer initiated investment related written complaint on March 30, 2020 in which the customer requested unspecified damages based upon allegations that the customer’s investment instructions were not followed by Sica in March of 2020 […]

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Merrill Lynch Sued By Investors For Misrepresentation

May 12, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Merrill Lynch Sued By Investors For Misrepresentation

Bernard George Adair (also known as Bernie Adair) of Old Greenwich Connecticut a stockbroker employed by Merrill Lynch Pierce Fenner Smith Incorporated has been identified in a customer initiated investment related arbitration claim where the customer sought $550,000.00 in damages founded on accusations that misrepresentations were made about investing and that the customer had been […]

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Merrill Lynch Stockbroker Barred For Fraud

May 12, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Fraud, Stockbroker Theft   |   Comments Off on Merrill Lynch Stockbroker Barred For Fraud

Marcus E. Boggs of Chicago Illinois a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated has been barred from being a stockbroker or investment adviser representative or associating with securities broker dealers or investment advisories based upon a Securities and Exchange Commission (SEC) Order based upon allegations of Boggs stealing $1.7 million investor funds. […]

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Merrill Lynch Sued By Investors For $28 Million In Bond Losses

Hector J. Gonzalez (also known as Hector Gonzales Colon) of Miami Florida a stockbroker currently employed by Merrill Lynch Pierce Fenner Smith Incorporated has been identified in a customer initiated investment related arbitration claim where the customer sought $3,000,000.00 in damages founded on accusations that (1) investment recommendations were unsuitable in view of the customer’s […]

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Investors Accuse Merrill Lynch Of Bad Stocks

Mark David Yadron (also known as Mark Lynn Yoder) of Scottsdale Arizona a stockbroker currently associated with Merrill Lynch Pierce Fenner Smith Incorporated has been referenced in a customer initiated investment related complaint on September 24, 2019 in which the customer requested $129,584.00 in damages supported by allegations that in November of 2018, unsuitable investment […]

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