Can you recover investment losses due to recommendations by Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Richard Pluta (CRD# 1232948)? He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in New York, New York, since 1990.
Richard Pluta Customer Complaints
He has been the subject of six customer complaints between 1989 and 2025, two of which were denied and one was closed without action, according to his CRD report. The most recent complaint was regarding:
November 2025. “Client alleges failure to follow instructions.” The customer is seeking $428,000 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 Richard Pluta’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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