JAY DAY 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.
JAY DAY has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since January 09, 2009
JAY DAY has 2 Disclosure Event(s).
Date: February 23, 2010 Category: Customer Dispute Allegations: CLAIMANT ALLEGES, INTER ALIA, THAT BEGINNING IN MAY OF 2007 THE FINANCIAL ADVISOR MISMANAGED THE CLAIMANT'S ACCOUNTS BY MAKING UNSUITABLE INVESTMENTS AND BY MAINTAINING AN OVERCONCENTRATED ASSET ALLOCATION Damage Amount Requested: $100,000.00 Settlement Amount: $45,000.00 Broker Comment: THIS MATTER WAS SETTLED IN ORDER TO AVOID THE COSTS AND UNCERTAINTIES OF LITIGATION.
Date: March 04, 1994 Category: Customer Dispute Allegations: VARIOUS SECURITIES LAW VIOLATIONS Damage Amount Requested: $150,000.00 Settlement Amount: $75,000.00 Broker Comment: WITHOUT ADMITTING LIABILITY AND SOLELY TO AVOIDTHE EXPENSE OF LITIGATION, THE CLAIM WAS SETTLED FOR $75,000.THE CLIENT IS A SOPHISTICATED INVESTOR WHO SIGNEDLETTERS INDICATING ALL OF THE TRANSACTIONS IN HIS ACCOUNT WERECORRECT. HE ONLY COMPLAINED BECAUSE HE LOST MONEY ON STOCKSTHAT DECLINED IN VALUE. REPEATED DEPOSITS INTO THE ACCOUNTPROVE THAT HE WAS AWARE OF THE ACTIVITY AND APPROVED IT. I WASPREPARED TO GIVE TESTIMONY TO THE ARBITRATORS AND I BELIEVE THECLAIM WOULD HAVE BEEN DISMISSED. HOWEVER, TO SAVE LEGALEXPENSES, DEAN WITTER SETTLED.
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