BRAD PHILIP GREEN is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 1325 FRANKLIN AVE, GARDEN CITY, NY, 11530.
BRAD PHILIP GREEN has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since May 27, 2015
BRAD PHILIP GREEN has 3 Disclosure Event(s).
Date: February 22, 2010 Category: Customer Dispute Allegations: CLAIMANT ALLEGES FA MADE UNSUITABLE INVESTMENTS IN HER ACCOUNT Damage Amount Requested: $400,000.00 Settlement Amount: $180,000.00 Broker Comment: THIS MATTER INVOLVED ONE OF MY LONGEST-STANDING CLIENTS WHO I HAD FOR OVER TWENTY YEARS. SHE WAS A SATISFIED CLIENT WHO NEVER COMPLAINED. AFTER SHE WENT INTO A NURSING HOME IN HER 90'S, HER SONS BROUGHT THIS CLAIM WITHOUT EVEN INFORMING HER.
Date: April 11, 2008 Category: Customer Dispute Allegations: CLIENT STATES THAT THE AUCTION RATE SECURITIES WERE HIGHLY RECOMMENDED AS SAFE, LIQUID, CASH ALTERNATIVE INVESTMENTS THAT DO NOT LOSE PRINCIPAL LIKE MONEY MARKETS, BUT ARE ONLY REDEEMABLE AT THE NEXT AUCTION (7 TO 35 DAYS) WITH INTEREST RATE YIELDS EXCEEDING MONEY MARKET RATES.DAMAGES ESTIMATED TO BE IN EXCESS OF $5,000. Damage Amount Requested: $5,000.00 Settlement Amount: $500,000.00 Broker Comment: THE COMPLAINT AROSE IN CONNECTION WITH THE INDUSTRY WIDE BREAKDOWN OF THE LIQUIDITY IN THE MARKET FOR AUCTION RATE SECURITIES ("ARS"). THE FIRM AGREED TO REPURCHASE THE ARS SECURITIES AT ISSUE AT PAR VALUE FROM THE CLIENT PURSUANT TO A GLOBAL REPURCHASE AGREEMENT IT ENTERED INTO WITH SEVERAL REGULATORY BODIES. THIS WAS NOT A SETTLEMENT OF A DISPUTE BETWEEN THE CLIENT AND THE REPRESENTATIVE AND WAS NOT BASED ON THE MERITS OF THE CLIENT'S SPECIFIC CONCERNS OR ANY FINDING OF FAULT OR WRONGDOING BY THE NAMED REPRESENTATIVE. THE NAMED REPRESENTATIVE WAS NOT A PARTY TO, AND DID NOT AGREE TO OR PARTICIPATE IN, THE REPURCHASE AGREEMENT BETWEEN THE FIRM AND THE RELEVANT REGULATORY BODIES. THE NAMED REPRESENTATIVE DID NOT MAKE ANY PAYMENTS TO THE CLIENT AND THE NAMED REPRESENTATIVE WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE SETTLEMENT AMOUNT. THE LISTED "SETTLEMENT AMOUNT" REPRESENTS ONLY THE GROSS INITIAL PAR VALUE OF THE ARS POSITION AND DOES NOT TAKE INTO ACCOUNT THE ACTUAL VALUE OF THE ARS POSITION AT THE TIME THE FIRM RECEIVED IT BACK FROM THE CLIENT IN CONNECTION WITH THE SETTLEMENT. THIS MATTER IS BEING REPORTED AS A SETTLEMENT PURSUANT TO THE REQUIREMENTS OF FINRA REGULATORY NOTICE 09-12.
Date: May 25, 2000 Category: Customer Dispute Allegations: CUSTOMER ALLEGES FINANCIAL ADVISOR TRADED EXCESSIVELY IN HER ACCOUNT FROM 11/97 TO 7/2000. Damage Amount Requested: $433,000.00 Settlement Amount: $28,500.00 Broker Comment: [CUSTOMER] ALLEGATIONS ARE FALSE. IT WAS NOT MY DECISION TO SETTLE NOR WAS I ASKED TO PARTICIPATE IN THE SETTLEMENT. I WAS FULLY PREPARED FOR ARBITRATION TO CLEAR MY NAME. [CUSTOMER] ACCOUNTS LEFT MORGAN STANLEY HIGHLY PROFITABLE.
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for BRAD PHILIP GREEN, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More