Options for Clients of Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker Mark Carlson
Posted on Thursday, June 24th, 2021 at 7:04 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 Mark Carlson (CRD# 1024633). Carlson has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Saint Petersburg, Florida since 1981.
Back in 1991, Carlson was suspended by the New York Stock Exchange (NYSE) regarding allegations that he engaged in conduct inconsistent with just and equitable principles of trade by causing unsuitable trades to be effected in the accounts of customers of his employer.
Carlson has been the subject of eight customer complaints between 1985 and 2021, one of which was denied, according to his CRD report. The most recent complaint is regarding:
May 2021. “The customer alleges unsuitable investment recommendations, misrepresentations and omission of material facts.” The customer is seeking $300,000 in damages and the case is currently pending. The complaint was regarding loan management accounts and investment retirement accounts (IRAs).
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 Carlson’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.