FRANK J LENTO is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 115 W CENTURY RD, PARAMUS, NJ, 07652.
FRANK J LENTO has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since September 12, 2008
Disclosure History
FRANK J LENTO has 2 Disclosure Event(s).
Date: March 14, 1988 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT HE WAS GUARANTEED HISLOSSES WOULD NOT EXCEED A CERTAIN MAXIMUM. HE SOUGHT $100,000PLUS INTEREST. Damage Amount Requested: $100,000.00 Settlement Amount: $30,000.00 Broker Comment: MATTER WAS SETTLED IN THE AMOUNT OF $30,000. NOSUSPENSION, FINE, OR ANY RESTRICTIONS WERE IMPOSED ON THEBROKERS INVOLVED. MERRILL LYNCH PAID $20,000 I PAID $5,000 ANDANOTHER BROKER PAID $5,000.AN EXPERIENCED BROKER ASKED IF I WOULD SHOW HISCLIENT A PROGRAM TO TRADE EQUITIES AND OPTIONS. CUSTOMER WASSHOWN A PROGRAM AND COMMITTED $250,00. AT NO TIME WAS A MAXIMUMLOSS EVER DISCUSSED. CUSTOMER AGREED HE UNDERSTOOD ALL RISKS.WHEN INITIAL PROFITS TURNED TO LOSSES CUSTOMER CLAIMED WE HADPROMISED A MAXIMUN LOSS. THE OLDER BROKER WAS RETIRING ANDREFUSED TO COOPERATE IN THE DEFENSE. MERRILL LYNCH DECIDED TOSETTLE.
Date: February 05, 1970 Category: Criminal Charges: SEVERAL FRATERNATY BROTHERS WERE ACCUSED OFTAKING A STEAK FROM THE SUPERMARKET. WE WERE FINED AND LET GOAND WERE TOLD IT WOULD NOT BE PUT ON OUR RECORDS. Disposition: MISDEMEANOR, $50.00 FINE, PLEASE SEE ATTACHEDLETTER FROM ATTORNEY IN MISSOURI WHICH STATES THERE SHOULD BENO CRIMINAL CONVICTION ON MY RECORD Broker Comment: FOR MANY YEARS I WAS UNDER THE ASSUMPTION THISINCIDENT WAS NEVER SUBMITTED. IN 1974 I WAS INFORMED THAT IHAD A RECORD. THIS WAS A COLLEGE PRANK I BECAME INVOLVED IN. IDO NOT AND DID NOT MAKE A HABIT OF STEALING THINGS. PLEASEREFER TO MY LETTER AND MY ATTORNEY'S LETTER. I AM SORRY FORTHE OVERSIGNT AND HOPE ALL THE FACTS HAVE BEEN MADE CLEAR. IHAVE BEEN IN THE SECURITIES BUSINESS SINCE 1974 IF YOU NEEDANYTHING FUTHER PLEASE CONTACT US IMMEDIATELY!
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 FRANK J LENTO, 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.