Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker John Gatto Investment Loss Options
Posted on Tuesday, January 5th, 2021 at 11:56 pm
Erez Law is interested in speaking with investors who may have suffered losses due to investments with Merrill Lynch, Pierce, Fenner & Smith Incorporated broker John Gatto (CRD# 1415454). Gatto has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Jericho, New York since 2016.
Gatto has been the subject of eight customer complaints between 2003 and 2020, three of which were denied and one was dismissed, according to his CRD report. The most recent complaints are regarding:
September 2020. “The attorney for the customers allege failure to follow instructions from February 2020 until March 2020.” The case was settled for $17,500. The complaint was regarding common and preferred stocks.
September 2020. “The customer alleges failure to follow instructions on March 6, 2020.” The customer is seeking $400,000 in damages. The complaint was regarding non-managed fee-based accounts.
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 Gatto’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.