Erez Law is interested in speaking with investors who may have suffered losses due to investments with former Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Lawrence Whipple III (CRD# 2701809) regarding stock losses. He was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Wayzata, Minnesota, from 2015 to 2025, when he was terminated regarding, “Conduct including unauthorized trading in a client account.”
Lawrence Whipple III Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
May 2024. “Power of Attorney for client alleges excessive trading in client’s account from December 2022 to November 2023.” The customer sought $2,000,000 in damages, and the case was settled for $500,000. The complaint was regarding common and stock losses.
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 Whipple III’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.
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