David L Klenzendorf is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 301 COMMERCE ST, FORT WORTH, TX, 76102.
David L Klenzendorf has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since December 23, 1985
Disclosure History
David L Klenzendorf has 1 Disclosure Event(s).
Date: January 11, 2000 Category: Customer Dispute Allegations: CUSTOMER WROTE TWO CHECKS ON TRUST ACCOUNT AT MERRILL LYNCH. ONE DAY LATER HE DIED. THE WIFE/WIDOPW SOUGHT TO CASH THE CHECKS FOR EXPENSES AND WAS NOTIFIED THAT THERE WAS INSUFFICIENT FUNDS IN THE ACCOUNT. THE DECEASED CUSOTMER APPARENTLY GOT HIS ACCOUNTS MIXED UP AND WROTE THE CHECKS FROM THE WRONG ACCOUNT. OUT OF CONCERN FOR THE DECEASED'S WIFE THE FC SOLD SUFFICIENT SECURITIES TO COVER THE TRANSACTION. FC, HOWEVER, ASSUMED SUCCESSOR TRUSTEE WOULD AUTHORIZE TRANSACTION. Damage Amount Requested: $11,436.75 Settlement Amount: $11,436.75 Broker Comment: MATTER SETTLED FOR THE AMOUNT OF THE ALLEGED UNAUTHORIZED SALE IN ORDER TO AVOID COSTS AND UNCERTAINTIES OF LITIGATION.
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