Tag Archives: merrill lynch problem

William Merriam IV – Former Merrill Lynch Broker- Barred from Securities Industry- Jacksonville, FL

October 2017 – Jacksonville, FL

According to publicly available records William  H. Merriam IV, (CRD#5222110) , a  former stockbroker who was last employed by Merrill Lynch , disclose  a prior regulatory event and a termination for conduct involving forgery of customer signatures on account documents.

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.

In August of 2017 Merriam was permanently barred from the securities industry by FINRA to resolve allegations that he refused to appear for on the record testimony during a FINRA investigation in allegations that he resigned after Merrill Lynch commenced an internal review into allegations of forgery.

Merriam was allowed to voluntarily resign from Merrill Lynch in  December 2016 after allegations involving forgery of customer signatures on account documents. He began working for Merrill Lynch in June 2014.

If you have questions about an account handled by William H. Merriam, IV,  contact us to discuss your options.

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.

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jarred M Lawson – Former Merrill Lynch Broker-Discloses Termination and Suspension-Jacksonville, FL

June 2017 – Jacksonville, FL

The FINRA records of Jarred M. Lawson,  a  stockbroker who is currently not registered disclose a final regulatory event and a termination.

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.

In March of 2017, agreed to a one year suspension and a $10,000 fine to resolve FINRA allegations that   he made negligent misrepresentations or omissions during telephone calls with customers regarding the sale of mutual funds. Lawson  is suspended in all capacities from April 3, 2017 to April 2, 2018.

In January of 2016, Lawson was discharged from Merrill Lynch who made the following allegation in connection therewith: “conduct involving failure to make disclosures related to mutual fund transactions”.

 Lawson was employed by Merrill Lynch from 11/2012-2/2016 and with Edward Jones from 8/2012-11/2012.

If you have questions about an account  handled by Jarred M. Lawson call for a no charge consultation.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Robert E. Yahney-Merrill Lynch Broker-Discloses 4 Large Pending Customer Disputes-Tampa, FL

UPDATE SEPTEMBER 2017-FINRA Case 17-613 filed by a customer of Merrill Lynch alleges unsuitable investments and misrepresentations related to option investments and seeks damages of $1M.

ORIGINAL POST –April 2017- Tampa, FL

The FINRA records of  Robert E. Yahney ,  a  stockbroker who is currently employed by  Merrill Lynch disclose 3 pending customer disputes and one prior final 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.

In FINRA arbitration 17-0599 a customer of Merrill Lynch alleges damages of $1,000,000 for unsuitable investment recommendations and misrepresentations from March 2011-July 2014.

In FINRA arbitration 17-0500 a customer of Merrill Lynch alleges damages of $300,000 for unsuitable investment recommendations and misrepresentations from August 2012-July 2014.

In FINRA arbitration 16-01726 a customer of Merrill Lynch alleges damages of $500,000 for unsuitable investment recommendations , misrepresentations and omission of material facts from Feb 2011-November 2014.

 Robert E. Yahney has been employed by Merrill Lynch since 11/1999.

If you have questions about an account  handled by Robert E. Yahney call for a no charge consultation.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

William Bruckner-Banyan Private Wealth-Discloses Regulatory Sanction/ Termination of Employment-WPB, FL

April 2017-West Palm Beach, FL

The FINRA records of  William Bruckner ,  a  stockbroker who is currently registered with Woodstock Financial Group disclose a regulatory event and  a recent termination from employment.

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.

In 3/2017 Bruckner was fined $5,000 and suspended for 15 days by FINRA to resolve allegations that while employed by Merrill Lynch, he mismarked 20 order tickets as unsolicited when, in fact, he had solicited the underlying trades to his customers. FINRA Case 2016050195201

In 5/2016 Bruckner was discharged from Merrill Lynch who made the following allegation on his FINRA record: “Conduct including solicitation of no opinion securities, mismarking trades as unsolicited and failure to be forthcoming in discussions with the Firm”.

Bruckner was employed by Merrill Lynch from 7/2012-6/2016. Prior to that he was employed by Sanford C. Bernstein 2/2010-7/2012. He discloses a business affiliation with Banyan Private Wealth in West Palm Beach, FL.

If you have losses in an account in an account handled by William Bruckner , you may be able to recover damages through FINRA arbitration.

Solicited vs Unsolicited Trade

A solicited trade is a transaction where the broker contacts the customer to commence the transaction, generally meaning that it is the idea of the broker to buy or sell a particular investment. An unsolicited trade is one in which the customer initiates the trade; ie, the customer tells the broker he would like to buy or sell a particular investment.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

German Mora-Former Merrill Lynch Broker-Discloses Terminations From Employment-San Antonio, TX

April 2017- San Antonio, Texas

The FINRA records of  German Ricardo Mora ,  a  former Merrill Lynch stockbroker who is currently not registered discloses two recent terminations from employment.

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.

In November 2016, German Mora was discharged by Merrill Lynch who made the following comment in connection with the termination of Mora: “Conduct including exercising time and price discretion in client accounts and mismarking trades as unsolicited” .

In January 2017 Mora was discharged by his new employer Wells Fargo Clearing Services who made this comment in connection therewith: “Provided inaccurate information regarding discharge at prior employer. “

German Mora  was employed by Merrill Lynch from 1/2015-12/2016. His industry employment prior to that includes BBVA Securities, CP Capital Securities and UBS Financial.

If you have losses in an account in an account handled by German Mora  , contact us to discuss how you may be able to recover damages for those 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Joshua E. Danforth-Kestra Investment Services Broker-Discloses Termination of Employment-Little Rock, AR

April 2017,  Little Rock, AR

According to publicly available records Joshua E. Danforth, (CRD# 4884480 ),  a  stockbroker who is currently registered with Austin, Texas based Kestra Investment Services discloses an employment separation after allegations.   

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.

Danforth was discharged from Merrill Lynch, Pierce, Fenner & Smith, Incorporated in May 2016 who made the following allegation in connection therewith: “conduct including alteration of client documents”.

Danforth has been employed by Kestra since 7/2016. He was employed by Merrill Lynch from 5/2005-6/2016.

If you have losses in an account handled by Joshua E. Danforth, contact us to learn how you may be entitled 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

 

Joshua E. Danforth-Former Merrill Lynch Broker-Discloses Separation From Employment-Austin, TX

April 2017,  Austin, TX

According to publicly available records Joshua E. Danforth, (CRD#4884480),  a  stockbroker who is currently registered with Kestra Investment Services discloses an employment separation after allegations.   

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.

Danforth was discharged from Merrill Lynch, Pierce, Fenner & Smith, Incorporated in 5/2016 who made the following  allegation in connection therewith:   “Conduct including alteration of client documents”.

Danforth has been employed by Kestra Investment Services since 7/2016.

If you have losses in an account handled by Joshua E. Danforth, contact us to learn how you may be entitled 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870