Investor Seeks Over $400,000 in Arbitration Involving John Gatto
John Gatto (CRD #: 1415454), an investment advisor registered with Merrill Lynch, Pierce, Fenner, & Smith, has a new customer complaint involving an alleged failure to follow instructions, according to his BrokerRecord, accessed on January 10, 2022. Mr. Gatto also has two settled customer disputes on his record as well as disputes that were denied […]
Merrill Lynch Fined $2 Million over Trading Violations
Merrill Lynch recently entered into a consent order with the state of New Hampshire on December 2, 2020. Here are the details: Investors complained that accounts sustained significant losses at a time when the market was gaining. The advisor excessively traded “global best of breed” stocks. The investor also suffered significant losses in inverse and […]
Securities Regulators Alleged Jesse Webb Engaged in Dishonest Behavior – Dishonest or Unethical Conduct
Jesse Webb (CRD# 2298761) allegedly engaged in “dishonest or unethical behavior in the securities industry” that resulted in the denial of his registration application by state regulators. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, last accessed on December 8, 2021, Mr. Webb is currently a representative of Ameriprise Financial Services in The […]
Former Merrill Lynch Advisor Glen Turner Has History of Complaints
Glen Turner (CRD# 2503850) recently departed Merrill Lynch for Kestra Investment Services’ branch office in Boca Raton, Florida. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, last accessed on December 2, 2021, Mr. Turner has been involved in several customer complaints. Customer Complaints: Turner Made Unsuitable Recommendations, Used Margin FINRA records describe two […]
FINRA: Complaint Involving Eli Moallem Settles for $275,000
Eli Moallem (CRD# 2954321) has been involved in a customer complaint that settled for more than $200,000. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, last accessed on December 2, 2021, Mr. Moallen recently departed Merrill Lynch and is now registered with NewEdge Securities in Montvale, New Jersey. Customer Complaint: Eli Moallem Made […]
Merrill Lynch Advisor Mark Carlson Involved in Another Customer Dispute
Mark Carlson (CRD #: 1024633), a broker registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, is facing an investor dispute, according to his BrokeCheck record, accessed on November 24, 2021. Carlson also offers advisory services through The Carlson Group. History of Customer Disputes and Settlements On May 18, 2021, an investor alleged that Mark […]
Merrill Lynch Fined Over MSRB Rule Violations
The Financial Industry Regulatory Authority, or FINRA, recently announced that Merrill Lynch was fined. Here is more information about the fine: The fine against Merrill Lynch covers activity from February 2015 through June 2021. FINRA alleged that Merrill Lynch violated MDRB Rule G-27 as well as FINRA Rule 2010. Merrill Lynch paid a fine of […]
Merrill Lynch Fined by FINRA for Reg SHO Violations
FINRA recently announced that Merrill Lynch would pay a fine for various trading violations, including violations of Regulations SHO. According to FINRA, Merrill Lynch failed to close out fail-to-deliver positions. Here is a copy of FINRA’s fine. Did You Lose Money Investing with Merrill Lynch? Notice: JavaScript is required for this content. Print this Article
Plano Financial Advisor Jason Jaynes Involved in $18 Million Investment Dispute
Jason Jaynes (CRD #: 5555100), a broker registered with Wells Fargo Clearing Services, is involved in investor allegations of unsuitable investment recommendations, according to his BrokerCheck record, accessed on November 10, 2021. Investor was a Client of Wells Fargo and Merrill Lynch On January 25, 2021, investors alleged that Jason Jaynes made unsuitable investment […]
Jorge Sonville Fired After $4 Million Arbitration is Filed
Jorge Sonville (CRD #: 2558540), was fired by Merrill Lynch, Pierce, Fenner & Smith on June 10, 2021, according to his BrokerCheck record, accessed on November 2, 2021. Sonville is now licensed with Insigneo Securities in Miami, Florida. When Merrill Lynch discharged Sonville, it made the following disclosure on his license: “Conduct including participation in […]