ALLEN PHELPS LOVEJOY is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 2 PICKWICK PLZ, GREENWICH, CT, 06830.
ALLEN PHELPS LOVEJOY has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since June 30, 2011
Disclosure History
ALLEN PHELPS LOVEJOY has 3 Disclosure Event(s).
Date: July 09, 2012 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES EXCESSIVE TRADING AND MISREPRESENTATION FROM APRIL 2008 TO NOVEMBER 2012. ACTIVITY PERIOD: 04/01/2008 - 11/26/2014. Damage Amount Requested: $374,914.00 Settlement Amount: $200,000.00 Broker Comment: MERRILL LYNCH SETTLED WITH THE CUSTOMER FOR $95,740.00 ON 10/14/2014. MORGAN STANLEY/SMITH BARNEY SETTLED WITH THE CUSTOMER ON 10/16/2014 FOR $104,260.00. THE MATTER WAS SETTLED BY MERRILL LYNCH FOR BUSINESS REASONS TO AVOID THE EXPENSE AND UNCERTAINTY OF LITIGATION. THE FINANCIAL ADVISOR DENIES ALL THE ALLEGATIONS IN THE STATEMENT OF CLAIM. THE FINANCIAL ADVISOR DID NOT CONTRIBUTE TO THE SETTLEMENT.
Date: July 01, 2011 Category: Customer Dispute Allegations: CLIENT ALLEGES FAILURE TO FOLLOW INSTRUCTIONS WITH RESPECT TO ACCOUNTS - APRIL 2010.
Date: May 10, 1999 Category: Customer Dispute Allegations: CLIENT ALLEGED THAT SHARES OF STOCK WERE SOLDSHORT IN HIS ACCOUNT WITHOUT HIS AUTHORIZATION AND THAT HISINSTRUCTIONS TO COVER PRIOR SHORT SALES WERE NOT FOLLOWED. Damage Amount Requested: $5,000.00 Broker Comment: THE CLIENT'S CLAIM WAS DENIED.
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