January 2018-Fort Worth, TX
According to publicly available records Shaun Eugene Hayes , a stockbroker who is currently unregistered and who last was employed by Merrill Lynch discloses 6 pending customer disputes alleging unauthorized trading and one prior customer dispute.
The Financial Industry 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.
The six pending complaints were all recently filed and do not specify damages. All allege that their accounts were traded without authorization from the client.
In 12/2017, a customer of Merrill Lynch was paid $125,000 to resolve allegations that their account was traded without authority from January 2017-March 2017.
Hayes was employed by Merrill Lynch from 2012-8/2017.
If you have losses in an account handled by Shaun E. Hayes , contact us to learn how you may be able to recover damages through FINRA arbitration.
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.
Florida-561 391 1900