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
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!
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