Clarisse Tur Allegedly Made Unauthorized Trades

Clarisse Tur (CRD# 6093990[1]), a broker registered with Merrill Lynch, made unauthorized trades, according to investor disputes. MDF Law is investigating the Akron, Ohio-based financial professional for similar conduct. We urge investors with concerns to reach out for a free consultation. 

To learn more about the allegations against Ms. Tur, continue reading this post. The information herein is based on her BrokerCheck profile, a Financial Industry Regulatory Authority (FINRA) record accessed on January 3, 2024.

Pending Disputes Allege Unauthorized Trading

In November 2023, two parties of investors filed disputes involving Ms. Tur. In both cases, the claimants allege that she made unauthorized trades in May of the same year. The disputes, which remain pending, seek unspecified damages.

FINRA Rules Protect Investors

FINRA rules prohibit brokers like Ms. Tur from engaging in unauthorized trading. Rule 2020[2], for example, holds that they may not employ manipulative, deceptive, or other fraudulent means to conduct securities transactions. Then there’s Rule 3260[3], which prohibits discretionary trading in cases where the broker has not first obtained written authorization from the client and approval from their firm. Finally, Rule 2010[4] mandates that brokers, in the course of their business, observe high standards of commercial honor and just and equitable principles of trade.

Disputes Involving Merrill Lynch

Ms. Tur’s employer, Merrill Lynch, has been involved in more than 800 investor disputes that evolved into arbitration proceedings, according to its BrokerCheck profile[5]. A 2009 dispute, for instance, alleged misrepresentation and unsuitable investment recommendations, resolving with an award to the claimant of $435,000. That same year, another claimant alleged suitability violations and negligence in a dispute that resolved with an $880,000 award. In 2011, an unauthorized trading dispute resolved with an award to the claimant of more than $2.5 million.

FINRA: Clarisse Tur Based in Akron, Ohio

Clarisse Tur launched her career as a broker in 2012, when she registered with Merrill Lynch’s office in Akron, Ohio. She remains there to this day. With 11 years of experience as a broker, she has completed three industry exams, including the Series 66 and the Series 7. 

Investment Losses? Contact MDF Law

If you lost money working with Clarisse Tur, you may be qualified to file a FINRA arbitration claim for damages. Call MDF Law to chat with one of our attorneys for free, especially if you suspect unauthorized or otherwise unsuitable trading in your account. We take cases on a contingency basis, which means we only receive a fee if our clients recover lost funds. Call 800-767-8040 for a free consultation with our team today.