Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Reza Zafari (CRD# 1332633) is accused of unsuitable investment recommendations. He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Los Angeles, California, since 1999.
Reza Zafari Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
May 2025. “Claimant alleges unsuitable investment strategy, misrepresentation, omission of material facts and failure to act in their best interest from 2015 to 2023.” The customer is seeking $2,400,000 in damages, and the case is currently pending.
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 Reza Zafari’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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