Arbitration Involving Merrill Lynch Rep Tom Moore Settles

Tom Moore (CRD #: 2526192), a New York City broker registered with Merrill Lynch, Pierce, Fenner, & Smith was recently involved in a six figure settlement, according to his BrokerCheck record[1], accessed on November 2, 2021. This is his fifth disclosure [2]and his third disclosure related to unsuitable investment recommendations.

Excessive Trading Complaint Settles for Over $100,000

On October 27, 2020, a client alleged that Moore recommended unsuitable investments. The client further alleged he misrepresented certain securities and omitted material facts. The case settled for $103,231.76. Mr. Moore had other, similar complaints in the past. For example, on March 25, 2013, a client alleged that Moore executed unauthorized trades. The dispute settled for $59,301.35. On March 21, 2013, a client alleged that Tom Moore recommended an unsuitable investment. The dispute settled for $30,000. On October 1, 2012, a client alleged that Moore recommended unsuitable investments and misrepresented securities. The client sought $207,248; the dispute settled for $145,000.

Other Complaint Involving Tom Moore Denied

On September 2, 2003, a client alleged that Moore executed unauthorized trades. The client sought $50,000, but the dispute was denied by the firm. But “denied” isn’t the same thing as adjudicated – disputes can be denied without entering into arbitration.

Tom Moore has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative. He is a registered broker in 18 states and a registered investment adviser in Connecticut and Texas.

During Tom Moore’s 25 years of experience, he has worked at the following firms:

• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
• Advest (CRD #: 10)
• Lebenthal & Co (CRD #: 6490)

Did You Lose Money with Merrill Lynch?