Erez Law is currently investigating Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Scott Blanche (CRD# 2152628) who suffered investment losses in the high-risk energy sector. Blanche has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Jenkintown, Pennsylvania since 1996.
Blanche has been the subject of two customer complaints between 2001 and 2021, one of which was denied, according to his CRD report:
January 2021. “The customer alleges unsuitable investment recommendations from 2014 until 2020.” The customer is seeking $500,000 in damages and the case is currently pending. The complaint was regarding equity OTC and oil and energy investments.
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 Blanche’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.