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
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.
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for Laurette Maxine Wynn, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More