Daryn W Pingleton is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 222 LAKEVIEW AVE, WEST PALM BEACH, FL, 33401.
Daryn W Pingleton has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since October 20, 1987
Disclosure History
Daryn W Pingleton has 8 Disclosure Event(s).
Date: November 16, 2017 Category: Regulatory Initiated By: North Carolina Department of Insurance Allegations: Allegation that Mr. Pingleton received a FINRA action in 2005 and failed to report the arbitration on his 2014 application for his North Carolina Producer License. Resolution: Settled SanctionDetails: Sanctions: Civil and Administrative Penalty(ies)/Fine(s) SanctionDetails: Amount: $250.00
Date: July 30, 2009 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES UNSUITABLE INVESTMENT RECOMMENDATIONS AND MISREPRESENTATION. Damage Amount Requested: $328,000.00 Settlement Amount: $8,000.00
Date: February 14, 2005 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT FINANCIAL ADVISOR FAILED TO FOLLOW HIS INSTRUCTIONS. Damage Amount Requested: $300,000.00 Broker Comment: MERRILL LYNCH INVESTIGATED THE ALLEGATIONS SET FORTH IN THE CUSTOMER'S COMPLAINT AND FOUND NO MERIT. CUSTOMER REVIEWED AND DISCUSSED INVESTMENTS WITH FA, RECEIVED PROSPECTUSES WHEN APPROPRIATE AND AUTHORIZED INVESTMENTS. THE CUSTOMER'S CLAIM WAS DENIED BY WRITTEN RESPONSE.
Date: January 07, 2003 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT THE TRANSACTIONS MADE WERE UNSUITAZBLE GIVEN THE CUSTOMER'S SITUATION ANS SOPHISTICATION LEVEL. Damage Amount Requested: $500,000.00 Damages Granted: $72,492.00 Broker Comment: THE MATTER IS PENDING.
Date: October 09, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGES MR. PINGLETON MISDESCRIBED THE ISSUER OF 2 BONDS. NO SPECIFIC DAMAGES ALLEGED. Settlement Amount: $7,171.87 Broker Comment: THE TRANSACTIONS IN QUESTION WERE CANCELLED.
Date: October 08, 2001 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT FOUR INVESTMENTS, WHICH DEPRECIATED IN VALUE, WERE NOT SUITABLE. NO DAMAGES SPECIFIED. Settlement Amount: $5,000.00 Broker Comment: MERRILL LYNCH DENIES THE CLIENTS CLAIMS ENTIRETY. HOWEVER, AS A BUSINESS DECISION TO A VALUED CLIENT THE FIRM SETTLED THE MATTER.
Date: September 07, 2000 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE THAT FINANCIAL CONSULTANT DISREGARDED ORDERS, MISINFORMED THEM AND DID NOT ACT IN CUSTOMERS' BEST INTEREST. Damage Amount Requested: $150,000.00 Broker Comment: THIS COMPLAINT WAS PERFORMANCE DRIVEN AND GENERALLY ABOUT ADVICE GIVEN. THE ALLEGATIONS WERE FOUND TO BE WITHOUT MERIT.
Date: February 03, 2000 Category: Customer Dispute Allegations: IT IS ALLEGED THAT A STOCK PURCHASED ON JULY 20,1999, WAS MISREPRESENTED TO BE LESS SPECULTATIVE THAN IT IS. Damage Amount Requested: $5,538.00 Settlement Amount: $4,000.00 Broker Comment: MERRILL LYNCH AND THE FINANCIAL CONSULTANT DENY THE ALLEGATIONS. IT IS REASONABLE TO BELIEVE THAT AN INVESTOR WOULD OBJECT TO AN INAPPROPRIATE INVESTMENT UPON NOTICE OF IT AND NOT AFTER HAVING HAD THE BENEFIT OF TRACKING ITS PROGRESS OVER AN EXTENDED PERIOD OF TIME. THIS MATTER WAS SETTLED BY THE FIRM IN ORDER TO AVOID THE COSTS AND UNCERTAINTIES OF LITIGATION.
More Information
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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.
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