Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Mario Martinez (CRD# 6144561) is accused of misappropriation. He was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Fort Lauderdale, Florida, from 2015 to 2025, when he was terminated regarding, “Conduct including misappropriation of client funds and accepting a loan from a client without the Firm’s knowledge or approval.”
In May 2025, FINRA barred him after he “consented to the sanction and to the entry of findings that he failed to provide documents and information requested by FINRA in connection with its investigation into the allegations received in a tip made to FINRA concerning allegations that he took a loan from a client, among other things.”
Mario Martinez Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
December 2024. “Customer alleges misappropriation by the Registered Representative. Customer also alleges that she made a loan to the Registered Representative.” The case was settled for $331,242.55.
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 Mario Martinez’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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