GREGORY WILLIAM GARDNER

GREGORY WILLIAM GARDNER is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 355 ALHAMBRA CR, CORAL GABLES, FL, 33134.

GREGORY WILLIAM GARDNER has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since April 16, 1979

Disclosure History

GREGORY WILLIAM GARDNER has 4 Disclosure Event(s).

Date: April 13, 2009
Category: Customer Dispute
Allegations: THIS VERBAL COMPLAINT AROSE OUT OF THE SALE OF AN AUCTION RATE SECURITY (ARS) THAT WAS MADE PRIOR TO THE UNPRECEDENTED ILLIQUIDITY IN THE ARS MARKET THAT OCCURRED IN FEBRUARY 2008.
Settlement Amount: $50,000.00
Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHERE THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENT TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.

Date: August 02, 2007
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES THAT FINANCIAL ADVISOR FAILED TO FOLLOW HIS INSTRUCTIONS REGARDING SALE OF AN INVESTMENT. DAMAGES ARE UNSPECIFIED.

Date: June 14, 2002
Category: Customer Dispute
Allegations: CLAIMANT ALLEGES RECOMMENDATION OF PURCHASE OF SELIGMAN HIGH YIELD CLASS A INCOME FUND WAS UNSUITABLE.
Damage Amount Requested: $427,875.00
Broker Comment: THIS COMPLAINT WAS DENIED AND NOT PURSUED BY THE CUSTOMER THEREAFTER.

Date: August 09, 1995
Category: Customer Dispute
Allegations: CUSTOMER CLAIMS THAT THE INVESTMENTRECOMMENDATIONS THAT WERE MADE FOR HER WERE UNSUITABLE FOR HERINVESTMENT OBJECTIVES. DAMAGES WERE UNSPECIFIED.
Settlement Amount: $12,000.00
Broker Comment: WHILE ALL ALLEGATIONS A WRONGDOING ARE BEINGDENIED A BUSINESS DECISION WAS MADE TO SETTLE THE MATTER FOR$12,000.00 IN ORDER TO AVOID THE ADDITIONAL COSTS OF POTENTIALLITIGATION.Not Provided

More Information

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