Did you lose money investing with Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Bernard Adair (CRD# 1535429)? He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Jupiter, Florida, since 1991.
Bernard Adair Customer Complaints
He has been the subject of nine customer complaints between 1996 and 2022, three of which were denied, according to his CRD report. Three previous settled complaints were regarding unauthorized and unsuitable trades.
Recent complaints are regarding:
September 2022. “The court-appointed guardian of the customer alleges misappropriation of funds from 2017 through 2019, misrepresentations, unsuitable investment strategy, and facilitated transactions which were not in the best interest of the customer.”
July 2019. “The Power of Attorney for the client alleges an unsuitable investment recommendation, misrepresentation and improperly completed account documentation concerning a variable annuity.” The customer sought $550,000 in damages, and the case was settled for $100,000. This case is regarding common and preferred stocks, and it took place while he was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated.
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 Bernard Adair’s customers suffered.
Lose money investing with Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Bernard Adair?
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.
If you have been the victim of Bernard Adair, contact Erez Law for a free consultation and help getting compensation!
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