Options for Clients of Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker Ralph Byer
Posted on Monday, June 21st, 2021 at 8:07 pm
Were you the victim of Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Ralph Byer (CRD# 1038411)? Byer has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Plantation, Florida since 1982.
Byer has been the subject of seven customer complaints between 1993 and 2018, two of which were denied and one was closed without action, according to his CRD report. Recent complaints are regarding:
June 2018. “The Customers allege excessive trading, unsuitable investment recommendations and misrepresentation from 1990 until 2018.” The case was settled for $565,000. The complaint was regarding common and preferred stocks.
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 Byer’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.