Merrill Lynch, Pierce, Fenner & Smith Incorporated broker David Russell (CRD# 6074721) is accused of unsuitable investment recommendations. He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Scottsdale, Arizona, since 2023. He was registered with Morgan Stanley in Tempe, Arizona, from 2022 to 2023, and Merrill Lynch, Pierce, Fenner & Smith Incorporated in Chandler, Arizona, from 2013 to 2022.
David Russell Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
July 2026. “Clients allege unsuitable investment strategy and failure to supervise.” The case is currently pending. The complaint was regarding stock losses, 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 suffered by David Russell’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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