Did you lose money investing with Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Scot Benefiel (CRD# 1968666)? He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Scottsdale, Arizona, since 2006.
Scot Benefiel Customer Complaints
He has been the subject of three customer complaints between 2003 and 2026, one of which was denied, according to his CRD report. The most recent complaint was regarding:
June 2026. “Clients allege unsuitable investments and misrepresentation of a bond strategy.” The customer is seeking $1,000,000 in damages, and the case is currently pending. The complaint was regarding corporate debt and government debt losses.
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 Scot Benefiel’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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