Attention Victims of Former Merrill Lynch, Pierce, Fenner & Smith Incorporated Financial Advisor Stan Leavitt
Posted on Thursday, January 31st, 2019 at 8:49 pm
Were you the victim of former Merrill Lynch, Pierce, Fenner & Smith Incorporated financial advisor Stan Leavitt (CRD# 2571093)? Leavitt has been registered with Ameriprise Financial Services, Inc. in Roseville, California since June 2017. Previously, Leavitt was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Roseville, California from 1998 to 2017.
Leavitt has been the subject of two customer complaints in 2018, according to his CRD report:
October 2018. “The Customer alleges misrepresentation and unsuitable investment recommendations from April 2015 until June 2017.” The customer is seeking $550,000 in damages and the case is currently pending. This case is regarding options.
July 2018. “The Customer alleges misrepresentation from December 1, 2015 until June 2017.” The customer sought $31,015.04 in damages and the case was settled for $17,509.86. This complaint was regarding variable annuities.
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 Leavitt’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.