DAVID MATTHEW GIRIO is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 19236 MEADOW VIEW DR, HAGERSTOWN, MD, 21742.
DAVID MATTHEW GIRIO has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since July 07, 2006
Disclosure History
DAVID MATTHEW GIRIO has 6 Disclosure Event(s).
Date: June 18, 2002 Category: Customer Dispute Allegations: CLIENTS CLAIM THAT THEIR FA MADE UNAUTHORIZED PURCHASES OF BLUEGREEN STOCK. Damage Amount Requested: $94,511.00
Date: September 13, 2000 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT THE REGISTERED REPRESENTATIVE FALSELY TOLD HER THAT SHE COULD RECEIVE BACK THE MONEY SHE HAD INVESTED IN CDS WITHIN NO MORE THAN 2 YEARS OF HER PURCHASE. BETWEEN NOVEMBER 1997 AND JUNE 1999, THE CUSTOMER INVESTED $183,000 IN CDS WITH 20 YEAR MATURITY DATES. Damage Amount Requested: $25,000.00 Settlement Amount: $26,500.00 Broker Comment: [CUSTOMER]WAS FULLY INFORMED AS TO ALL THE FEATURES OF THE FDIC INSURED CDS SHE PURCHASED. FURTHERMPRE, THE CLIENT WAS PROVIDED LITERATURE PREPARED BY LEGG MASON WHICH DISCLOSED THE ASPECTS OF THE INVESTMENTS, INCLUDING MATURITY DATES.
Date: June 12, 2000 Category: Customer Dispute Allegations: CUSTOMER HAS ALLEGED THAT, IN CONNECTION WITH HIS PURCHASE OF 4 CERTIFICATED OF DEPOSIT [ TOTAL PRINCIPAL AMOUNT OF $64,000 AND DUE IN 2013 (1 CD) AND 2018 (3 CD'S)]. THE REGISTERED REPRESENTATIVE GUARANTEED THAT HE COULD REDEEM THESE CD'S AT A FACE VALUE AFTER ONE YEAR. Damage Amount Requested: $12,914.50 Broker Comment: BROKER DENIES THE ALLEGATIONS BY THE CUSTOMER. NO GUARANTEES WERE PROVIDED TO THE CUSTOMER. CUSTOMER IS A SOPHISTICATED INVESTOR WHO WAS FULLY ADVISED OF THE CONDITIONS OF THE PURCHASES CONSISTENT WITH INFORMATION PROVIDED BY LEGG MASON.
Date: June 08, 2000 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT IN JUNE 1999 HIS REGISTERED REPRESENTATIVE RECOMMENDED THAT THE PURCHASE CD'S AND INCORRECTLY TOLD HIM THAT HE COULD REDEEM THESE CD'S FOR THE PRINCIPAL AMOUNT AFTER ONE YEAR. CUSTOMER PURCHASED 2 CD'S TOTALLING $165,000 AND IS SEEKING TO RESCIND THE TRANSACTION. Damage Amount Requested: $18,150.00 Settlement Amount: $12,384.00 Broker Comment: CLIENT WAS FULLY INFORMED AS TO ALL FEATURES OF THE INVESTMENT. CLIENT UNDERSTOOD FEATURES AND ALLEGATIONS ARE STRONGLY DENIED.
Date: March 07, 2000 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT MR. GIRIO REPRESENTED THAT THE CD'S PURCHASED WERE SHORT TERM. Damage Amount Requested: $22,000.00 Settlement Amount: $28,354.44 Broker Comment: BROKER DENIES THE ALLEGATION BY THE CUSTOMER. NO REPRESENTATION WAS EVER MADE THAT THE CD'S WERE "SHORT TERM". CUSTOMER WAS FULLY ADVISED OF THE TERMS OF THE CD'S CONSISTENT WITH CONFIRMATIONS PROVIDED BY LEGG MASON AT THE TIME OF PURCHASE AND THE MONTHLY STATEMENTS PROVIDED BY LEGG MASON THEREAFTER.
Date: January 19, 2000 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT MR. GIRIO REPRESENTED THAT THE CD'S PURCHASED COULD BE REDEEMED AT PAR VALUE AFTER 12 MONTHS. Damage Amount Requested: $24,657.33 Settlement Amount: $21,433.50
More Information
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 DAVID MATTHEW GIRIO, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
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 Removal
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.