Former Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker Raquel Pacheo Investment Loss Options
Posted on Monday, June 14th, 2021 at 6:39 pm
Erez Law is currently investigating former Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Raquel Pacheo (CRD# 3117770) regarding unsuitable investment recommendations. Pacheo has been registered with Wells Fargo Clearing Services, LLC in Westlake, Ohio since 2018. Previously, Pacheo was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Canfield, Ohio from 2007 to 2018.
Pacheo has been the subject of one customer complaint, according to his CRD report:
May 2020. “The customer alleges unsuitable investment recommendations and failure to follow instructions.” The customer is seeking $100,109 in damages and the case is currently pending. The complaint took place while Pacheo was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated.
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 Pacheo’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.