Erez Law is currently investigating Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Keith Simmons (CRD# 730619) regarding unsuitable investment recommendations. Simmons has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Miami, Florida since 1981.
Simmons has been the subject of three customer complaints between 1997 and 2020, according to his CRD report. The most recent complaint is regarding:
May 2020. “The customer alleges unsuitable investment recommendations.” The customer is seeking $8,000,000 in damages and the case is currently pending. The complaint was regarding brokerage 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 Simmons’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.