Were You the Victim of Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker Jason Tarver?
Posted on Tuesday, April 6th, 2021 at 1:18 am
Erez Law is currently investigating Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Jason Tarver (CRD# 2569913) regarding unsuitable investment recommendations. Tarver has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Frisco, Texas since 1996.
Tarver has been the subject of two customer complaints between 2002 and 2020, one of which was closed without action, according to his CRD report:
December 2020. “The Claimant alleges an unsuitable investment strategy when a line of credit was opened and inappropriately leveraged against annuities in December of 2018. Claimant also alleges that she did not authorize the opening of the line of credit, as well as multiple wire transfers initiated by her then husband between 2017 and 2019. Additionally, Claimant alleges that her signature was forged by her former husband on opening documents for a loan management account.” The customer is seeking $5,173,597.57 in damages and the case is currently pending. The complaint was regarding fixed annuities, loan management accounts, and lines of credit.
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 Tarver’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.