Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Lawrence Cagliostro Jr. (CRD# 2605127) is accused of stock losses. He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Toms River, New Jersey, since 2008.
Lawrence Cagliostro Jr. Customer Complaints
He has been the subject of two customer complaints between 2007 and 2025, according to his CRD report:
June 2025. “Client alleges unsuitability and misrepresentation.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding common and preferred stocks.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Merrill Lynch, Pierce, Fenner & Smith Incorporated may be liable for investment or other losses suffered by Lawrence Cagliostro Jr.’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
"*" indicates required fields
