BARBARA ELAINE ANDERSON is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 9744 W BELL RD, SUN CITY, AZ, 85351.
BARBARA ELAINE ANDERSON has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since March 20, 1986
Disclosure History
BARBARA ELAINE ANDERSON has 2 Disclosure Event(s).
Date: September 11, 1998 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT PURCHASE OF CAPSTEADMORTGAGE STOCK WAS UNSUITABLE, RESULTING IN LOSS OF $12,304.00. THIS OCCURRED AT MERRILL LYNCH. Damage Amount Requested: $12,304.00 Broker Comment: MERRILL LYNCH DENIED CUSTOMER'S CLAIM FORDAMAGES AS HIS COMPLAINT WAS WITHOUT MERIT.CLIENT ALLEGES CHURNING AND WANTED ALL LOSSES ANDCOMMISSION COSTS RECOVERED. CLIENT'S DATES AND FACTS INCORRECT. CHARGES OF "CHURNING" PRIOR TO OUR RELATIONSHIP. FEELRECOMMENDATIONS WERE SUITABLE, ALLOCATIONS APPROPRIATE. CLIENTIS OVERSPENDING WHICH IS ERODING PORTFOLIO, NOT MY INVESTMENTRECOMMENDATIONS. CLIENT IS ACTIVE ON-LINE AND WELL-READ ONVARIOUS FINANCIAL NEWSLETTERS AND PUBLICATIONS.
Date: August 24, 1998 Category: Customer Dispute Allegations: TRUSTEE FOR THE ERICH AND MARYDELLIS TRUST, ALLEGED THAT CAPSTEAD MORTGAGE CORP. COMMON STOCKWAS AN UNSUITABLE INVESTMENT. CUSTOMER CLAIMED DAMAGES OFAPPROXIMATELY $19,000. THIS OCCURRED AT MERRILL LYNCH. Damage Amount Requested: $19,000.00 Broker Comment: MERRILL LYNCH FOUND CUSTOMER'S CLAIM TO BEWITHOUT MERIT.MERRILL LYNCH FOUND THAT CAPSTEAD MORTGAGE CORP.COMMON STOCK WAS A SUITABLE INVESTMENT FOR THE ERICH AND MARYDELLIS TRUST BASED ON THEIR INVESTMENT OBJECTIVE OF INCOME WITHCONSERVATIVE RISK. MERRILL LYNCH BELIEVES CUSTOMER'SCLAIM IS THE RESULT OF DISAPPOINTING INVESTMENT PERFORMANCE.
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