Laurette Maxine Wynn is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 19495 BISCAYNE BLVD, AVENTURA, FL, 33180.
Laurette Maxine Wynn has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since August 21, 2009
Disclosure History
Laurette Maxine Wynn has 4 Disclosure Event(s).
Date: November 15, 2002 Category: Customer Dispute Allegations: CLIENT'S ATTORNEY STATES FINANCIAL ADVISOR (FA) "ENGAGED IN AGGRESSIVE ACCOUNT MANAGEMENT," RESULTING IN CERTAIN INVESTMENTS BEING UNSUITABLE FOR CLIENT, GIVEN STATED OBJECTIVES. DAMAGES ESTIMATED TO EXCEED $5000."t Settlement Amount: $3,000.00
Date: October 18, 2001 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE THAT FINANCIAL ADVISOR WYNN MADE MISREPRESENTATIONS CONCERNING THE RISKINESS OF THEIR PORTFOLIO, AND THAT THE PORTFOLIO MANAGERS RECOMMENDED BY WYNN PURCHASED UNSUITABLE SECURITIES AND ENGAGED IN EXCESSIVE TRADING. Damage Amount Requested: $447,449.00 Settlement Amount: $250,000.00 Broker Comment: THE ACCOUNTS IN QUESTION WERE PART OF THE MANAGED ACCOUNTS PROGRAM WHERE ALL MONIES WERE MANAGED BY OUTSIDE INSTITUTIONAL MONEY MANAGERS. AGAINST MY RECOMMENDATION THE CLIENTS, TWO YOUNG MEN, INSTRUCTED ME TO FIRE THEIR CONSERVATIVE MANAGERS AND HIRE AGGRESSIVE, TECHNOLOGY-HEAVY MANAGERS AT THE END OF 1999 AND THE BEGINNING OF 2000. THEY WERE LURED BY STORIES IN THE MEDIA. NOTHING WAS MISREPRESENTED.
Date: May 15, 1991 Category: Customer Dispute Allegations: MISREPRESENTATION REGARDING UNIT TRUSTS ANDMUTUAL FUNDS. Settlement Amount: $22,000.00 Broker Comment: SETTLED FOR $22,000. CLIENT WAS ACQUIRED FORM PREVIOUS BROKER CLIENT WAS INDUCED BY SAME BROKER TO INSTITUTE FALSE CHARGES WERE TO EXTENSIVE LITIGATION AT PRUDENTIAL SECS. THE FIRM DECIDED TO SETTLE THE MATTER IS THROUGH GIVING ME AN APPORTUNITY TO CLEARMYSELF.
Date: August 31, 1988 Category: Customer Dispute Allegations: CLIENT [CUSTOMER] PURCHASED A VARIABLE SINGLEPREMIUM WHOLE LIFE INSURANCE POLICY FOR $125,000. THE POLICYWAS IN EFFECT AS OF THE RECEIPT OF THE MONIES, BUT THE CLIENTWAS NOT INFORMED OF HIS ACCEPTANCE AS OF THE DATE OF THEPOLICY, AND THE CLIENT INSISTED THAT THE POLICY WAS NOT INEFFECT BECAUSE HE HAD NOT RECEIVED AN ACKNOWLEDGEMENT OFACCEPTANCE AS OF OCTOBER 19, 1987 ALTHOUGH THE POLICY WAS INEFFECT UPON RECEIPT OF THE MONIES PRIOR TO OCTOBER 19. Damage Amount Requested: $125,000.00 Settlement Amount: $125,000.00 Broker Comment: THE MATTER WAS SETTLED BY THE CLIENT SURRENDINGTHE POLICY (WORTH APPROX. $123,000 AT THE PRESENT TIME) INEXCHANGE FOR HIS $125,000. THE REGISTERED REPRESENTATIVE WILLNOT BE ASKED TO CONTRIBUTE SINCE THE MATTER WAS SETTLED TOAVOID ANY FURTHER COSTS IN LITIGATIONS. THE EXTENT OF THESETTLEMENT WAS A RESULT OF THE SURRENDER CHARGE ON THE POLICYBY THE INSURANCE COMPANY.HAD TIMELY NOTICE OF THE POLICY TO THE CLIENTBEEN MADE AT TIME OF ISSUE, THERE WOULD NOT HAVE BEEN ACOMPLAINT.
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