CRAIG ALLEN HOELZER

CRAIG ALLEN HOELZER is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 105 S BEDFORD RD, MOUNT KISCO, NY, 10549.

CRAIG ALLEN HOELZER has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since September 13, 2010

Disclosure History

CRAIG ALLEN HOELZER has 2 Disclosure Event(s).

Date: October 31, 2013
Category: Customer Dispute
Allegations: CLIENTS' ATTORNEY ALLEGES FA FRAUDULENTLY CAUSED THEIR ACCOUNT TO BECOME COLLATERAL FOR A LOAN 07/2008-08/2008.
Settlement Amount: $60,000.00 13-03463

Date: March 24, 2008
Category: Customer Dispute
Allegations: CLIENTS ALLEGED MISREPRESENTATION WITH RESPECT TO INVESTMENT PERFOMANCE 2007-2008.DAMAGES UNSPECIFIED.
Broker Comment: THE [CUSTOMERS] COMPLAINT WAS IN DIRECT RESPONSE TO THE FALCON INVESTMENT PERFORMANCE. FALCON WAS PURCHASED FOR THE [CUSTOMERS] IN 2005 IS RESPONSE TO THEIR REQUEST FOR MORE INCOME FROM THE PORTFOLIO AT AT TIME WHEN INTEREST RATES WERE LOW. THE FALCON REPRESENTED 10% OF A BROADLY DIVERSIFIED PORTFOLIO. THE CAUSE OF THE CLIENTS' FRUSTRATION IS THE RAPID DECLINE IN THE VALUE OF FALCON AND THE ILLIQUIDITY OF THE INVESTMENT STEMMING FROM TURMOIL IN THE BROADER CREDIT MARKET. IN CONVERSATIONS SUBSEQUENT TO THEIR WRITTEN COMPLAINT, THE [CUSTOMERS] HAVE CLARIFIED THAT THEIR FRUSTRATION IS WITH FALON.

More Information

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