Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Alex Paredes-Malaga (CRD# 7191576) is accused of unsuitable investment recommendations. He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Brea, California, since 2020.
Alex Paredes-Malaga Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
June 2024. “The Claimant alleges misrepresentation, unsuitable investment strategy, failure to follow instructions and failure to act in clients’ best interest in October 2021.” The case is currently pending. The complaint regarding a managed/wrap account.
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 Alex Paredes-Malaga’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced unsuitable investment recommendations, 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
