MARK DAVID ECKERLINE

MARK DAVID ECKERLINE is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 225 S 6TH ST, MINNEAPOLIS, MN, 55402.

MARK DAVID ECKERLINE has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since May 19, 2006

Disclosure History

MARK DAVID ECKERLINE has 1 Disclosure Event(s).

Date: January 29, 1997
Category: Customer Dispute
Allegations: CLIENT OF [THIRD PARTY] ALLEGED THAT HIS BROKER,[THIRD PARTY], PROVIDED HIM WITH INACCURATE INFORMATIONCONCERNING THE STATUS OF HIS MARGIN ACCOUNT AND THAT CERTAINACTION WAS REQUIRED TO BRING HIS ACCOUNT INTO COMPLIANCE WITHAPPLICABLE MARGIN REQUIREMENTS. HIS PRIMARY COMPLAINT WAS THATHE WAS FORCED TO LIQUIDATE CERTAIN POSITIONS EVEN THOUGHALTERNATIVES WERE AVAILABLE. HE SOUGHT DAMAGES IN EXCESS OF$10,000
Damage Amount Requested: $10,000.00
Settlement Amount: $22,500.00
Broker Comment: AFTER FURTHER REVIEW, PIPER JAFFRAY'S COMPLIANCE & GENERAL COUNSEL DEPTS DETERMINED THAT THE [CUSTOMER] COMPLAINT WAS OPERATIONAL IN NATURE BASED UPON ITS FINDINGS THAT A MISCALCULATION OF THE NECESSARY MARGIN REQUIREMENT FOR [CUSTOMER'S] ACCOUNT HAD OCCURRED IN PIPER JAFFRAY'S MARGIN DEPARTMENT. BASED UPON THIS FINDING, THIS ITEM WILL NOT BE REPORTED ON MARK ECKERLINE'S FORM U-4. ECKERLINE WILL NOT BE ASSESSED OR CONTRIBUTE ANY PORTION OF THE SETTLEMENT AMOUNT AND WAS DETERMINED BY PIPER JAFFRAY TO NOT BE AT FAULT.[CUSTOMER] WAS A CLIENT OF [THIRD PARTY],REGISTERED REP. IN THE OFFICE OF WHICH I AM AN ASSOC. BR. MGR.I DID NOT SERVICE [CUSTOMER`S] ACCOUNT AND NEVER SPOKE TO HIMCONCERNING THE MATTERS WHICH ARE THE SUBJECT OF HIS COMPLAINT.I BELIEVE THAT HIS COMPLAINT IS THE RESULT OF EITHERMISCOMMUNICATION WITH [THIRD PARTY], OR [THIRD PARTY`S] FAILURE TOACCURATELY CONVEY MY CONCERNS OR INSTRUCTIONS TO HIS CLIENT. IDENY HAVING PROVIDED TO [THIRD PARTY] THE INSTRUCTIONS THAT [CUSTOMER]CLAIMS HE RECEIVED. [CUSTOMER`S] CLAIMS WERESETTLED BY PIPER WITHOUT MY INPUT OR MONITARY CONTRIBUTION.

More Information

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 MARK DAVID ECKERLINE, click here.

The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.