DOUGLAS A FRANKS

DOUGLAS A FRANKS is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 1 POWELL ST, SAN FRANCISCO, CA, 94102.

DOUGLAS A FRANKS has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since February 26, 2015

Disclosure History

DOUGLAS A FRANKS has 2 Disclosure Event(s).

Date: August 10, 2009
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES MISREPRESENTAION IN CONNECTION WITH THE PURCHASE OF THE SCHWAB YIELD PLUS FUND OCTOBER 19TH, 2006
Damage Amount Requested: $120,327.62
Settlement Amount: $40,000.00
Broker Comment: THE FIRM SETTLED THE CLAIMS TO AVOID THE COST AND UNCERTAINTY OF LITIGATION, WITH NO ADMISSION OF WRONGDOING AND NO MONETARY CONTRIBUTION FROM THE REPRESENTATIVE.

Date: February 27, 2008
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES MISREPRESENTATION REGARDING A MUTUAL FUND PURCHASE ON 4/19/07.
Damage Amount Requested: $70,000.00
Broker Comment: ALL RISKS SPECIFIC TO MUTUAL FUNDS WERE DISCLOSED AND COMMUNICATED TO CLIENT PRIOR TO ON-LINE INVESTMENT. CLAIM DENIED.

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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