Tag Archives: merrill lynch problem

Jeffrey Glusman-Former Merrill Lynch Broker-Discloses $550,000 Customer Dispute-Jupiter, FL

October 2018- Jupiter, FL

According to publicly available records  Jeffrey A. Glusman (CRD#4427168), a stockbroker who formerly was registered with Merrill Lynch, Pierce, Fenner & Smith, disclose a pending $550,000  customer dispute.

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 currently pending FINRA case #18-01415 , a customer of Merrill Lynch, Pierce, Fenner & Smith alleges unsuitable investment recommendations, misrepresentation and selling away and is seeking $550,000 in damages.

Jeffrey Glusman  worked for Merrill, Lynch, Pierce, Fenner & Smith from September 2001 until December of 2017.   He began his present position with Suntrust Investment Services in February of 2018.

If you have questions about an investment account handled by Jeffrey Glusman, contact us for a no charge consultation to learn about your legal 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Craig Wakefield-Merrill Lynch Broker-Discloses $100K Customer Dispute- Houston, TX

October 2018- Houston, TX

According to FINRA records, Craig D. Wakefield,  a stockbroker who is currently registered with Merrill Lynch, Pierce, Fenner & Smith (Merrill Lynch) discloses a currently pending 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 May 2018 a customer of  Merrill Lynch filed FINRA case #18-1964   alleging unsuitable investment recommendations and misrepresentations by Wakefield in 2016.     The alleged damages are $100,000.

Wakefield has been employed with Merrill Lynch since February of 2010.

If you have questions about an account handled by Craig Wakefield , contact us for a no charge consultation to discuss your legal 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 are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.  

Nationwide Representation

Rex Securities Law 

Toll Free: 877-224-3199

Florida: 561-391-1900

Texas: 512-329-2870

Shaun Hayes-Former Merrill Lynch Broker-Subject of Mulitiple Customer Complaints Alleging Unauthorized Trading-Fort Worth, TX

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. Hayes discloses an affiliation with McElhenny Sheffield Capital Management in Dallas, TX.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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