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CLAIMANTS ALLEGE UNSUITABILITY WITH RESPECT TO THE INVESTMENT RECOMMENDATIONS MADY BY THEIR FA AND THE ASSET ALLOCATION MAINTAINED IN THEIR ACCOUNT. CLAIMANTS FURTHER ALLEGE FA ENGAGED IN UNAUTHORIZED TRANSACTIONS AND MADE MISREPRESENTATIONS.
Damage Amount Requested
$388,539.00
Damages Granted
$131,000.00
Broker Comment
AWARD TO CUSTOMER. RESPONDENT, MERRILL LYNCH WAS SOLELY LIABLE TO CLAIMANTS FOR $125,000, RESPONDENT, STEPHEN HEIL WAS SOLELY LIABLE TO CLAIMANTS FOR $6000.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.