JAMES EDWARD FLETCHER is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 425 S TELSHOR BLVD, LAS CRUCES, NM, 88011.
JAMES EDWARD FLETCHER has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since August 22, 1984
Disclosure History
JAMES EDWARD FLETCHER has 1 Disclosure Event(s).
Date: October 05, 1993 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT TWO LIMITED PARTNERSHIPSAND TWO LIFE INSURANCE POLICIES HE PURCHASED IN 1985 AND 1987WERE MISREPRESENTED TO HIM. DAMAGES SOUGHT: $440,000 Damage Amount Requested: $440,000.00 Settlement Amount: $70,000.00 Broker Comment: PAYMENT BY MERRILL LYNCH TO [CUSTOMER] OF $70,000IT IS THE POSITION OF MERRILL LYNCH AND FLETCHERTHAT THE INVESTMENTS WERE FULLY AND ACCURATELY DESCRIBED TO THECLIENT AT THE TIME OF HIS PURCHASES AND THAT SUCH INVESTMENTSWERE SUITABLE FOR HIS ACCOUNT. THE SETTLEMENT WAS MADE ONADVICE OF COUNSEL TO AVOID THE EXPENSE OF COSTLY LITIGATION.THIS MATTER HAS ALREADY BEEN REVIEWED BY THE SECURITIES ANDEXCHANGE COMMISSION.
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