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Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker Peter Huffman Receives $4 Million Customer Complaint for Unsuitable Investment Recommendations

Posted on Wednesday, October 30th, 2019 at 9:52 am    

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Did you lose money investing with Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Peter Huffman (CRD# 5613027)? Huffman has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in La Jolla, California since 2009.

Huffman has been the subject of one customer complaint, according to his CRD report:

August 2019. “The customer alleges unsuitable investment recommendations and misrepresentations.” The customer is seeking $4,381,687 in damages and the case is currently pending. This case is regarding municipal debt.

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 Huffman’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.