I David Plaza is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 1201 MARKET ST, WILMINGTON, DE, 19801.
I David Plaza has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since November 26, 1990
Disclosure History
I David Plaza has 1 Disclosure Event(s).
Date: June 28, 2000 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT MR. PLAZA DID NOT ENSURE HIS INVESTMENTS IN CONSECO PRIDES AND GENESIS HEALTHCARE BONDS WERE SUITABLE. Damage Amount Requested: $14,000.00 Settlement Amount: $4,686.53 Broker Comment: CUSTOMER'S INVESTMENTS WERE FELT TO BE SUITABLE. CUSTOMER WAS REACTING TO RECENT NEGATIVE PRESS REGARIDNG CONSECO AND GENESIS HEALTHCARE. HOWEVER, DUE TO OUR LONG-STANDING RELATIONSHIP WITH CUSTOMER AS WELL AS THE NEGATIVE PRESS REGARDING THESE INVESTMENTS AND WITHOUT ANY ADMISSION OF FAULT, THE FIRM ELECTED TO SETTLE THIS MATTER FOR $4,686.53. THIS AMOUNT REPRESENTS THE LOSS REALIZED ON THE SALE OF CONNSECO. THE GENESIS PURCHASE WAS MADE IN 6/95. IT WAS FELT THIS CLAIM WAS EXTREMELY UNTIMELY AS WELL AS WITHOUT MERIT.
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