Former Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Harold Reinstein (CRD# 2516822) is accused of unsuitable investment recommendations. He has been registered with J.P. Morgan Securities LLC in White Plains, New York, since 2023. He was registered with J.P. Morgan Private Wealth Advisors LLC in White Plains, New York, from 2022 to 2025, First Republic Securities Company, LLC in White Plains, New York, from 2022 to 2023, and Merrill Lynch, Pierce, Fenner & Smith Incorporated in White Plains, New York, from 2009 to 2022.
Harold Reinstein Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
July 2023. “Client alleges unsuitable investment recommendations and misrepresentations from March 2022 through February 2023.” The customer sought $2,600,000 in damages, and the case was settled for $200,000. The complaint was regarding managed and wrap accounts.
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 Harold Reinstein’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 fom 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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