Patrick James Dwyer Investigation
March 2022 – Miami, FL
According to publicly available records Patrick Dwyer , a stockbroker who was previously registered with Merrill Lynch, Pierce, Fenner & Smith discloses 2 pending customer suits, 9 prior customer disputes and a termination from employment.
The Financial Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In September of 2021, FINRA case #21-002251 was filed by customer of Merrill Lynch alleging unsuitable investment recommendations and misrepresentations with alleged damages of $5,3000,000 due to option trading. The case is pending.
In December of 2021, FINRA case #21-03057 was filed by customer of Merrill Lynch alleging unsuitable investment recommendations and misrepresentations with alleged damages of $600,000 due to option trading. The case is still pending.
In March of 2020, FINRA case #20-00814 was filed by a customer of Merrill Lynch alleging unsuitable investment recommendations and misrepresentations. The case settled in the amount of $20,800.
In December of 2019, FINRA case #19-03812 was filed by a customer of Merrill Lynch alleging unsuitable investment recommendations and misrepresentations. The case settled in the amount of $145,000.
In March of 2001, a Merrill Lynch customer alleged that they wanted to delay purchase of a managed consults portfolio. The case settled for $111,000.
In September of 2021, FINRA case #21-002251 was filed by customer of Merrill Lynch alleging unsuitable investment recommendations and misrepresentations with alleged damages of $5,3000,000. The case is pending.
In December of 2021, FINRA case #21-03057 was filed by customer of Merrill Lynch alleging unsuitable investment recommendations and misrepresentations with alleged damages of $600,000. The case is still pending.
In August of 2019, Dwyer was allowed to resign from Merrill Lynch, where he began working in 10/1993, after allegations that he had engaged in activities inconsistent with Firm standards and policies governing conduct, including relating to governmental lobbying activities that the registered representative represented were taken after consultation with his personal counsel.
If you have questions about account handled by Patrick Dwyer, contact us for a no charge consultation to learn about your legal options for recovery of losses.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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