Mark E Johnson

Mark E Johnson is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 51 BROADWAY, FARGO, ND, 58102.

Mark E Johnson has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since March 20, 1985

Disclosure History

Mark E Johnson has 1 Disclosure Event(s).

Date: November 19, 1999
Category: Customer Dispute
Allegations: CLIENT ALLEGES F.C. RECOMMENDED UNSUITABLE INVESTMENS AND CHURNED THE ACCOUNT.
Damage Amount Requested: $12,500.00
Settlement Amount: $5,000.00
Broker Comment: MR. JOHNSON MAINTAINS THATHE FULLY EXPLAINED THE INVESTMENTS PRIOR TO EXECUTION AND THAT THE CLIENT AGREED TO ALL TRANSACTIONS BEFORE THEIR EXECUTION. CLIENT RECEIVED TRANSACTION CONFIRMATIONS AND MONTHLY STATEMENTS DETAILING ALL TRADES. THE STATE OF NORTH DAKOTA CONDUCTED AN INQUIRY REGARDING THIS MATTER AND DECIDED TO TAKE NO ACTION. HOWEVER, AS A BUSINESS, THE FIRM CHOSE TO SETTLE THIS MATTER IN ORDER TO AVOID THE INHERENT RISKS AND COSTS OF LITIGATION.

More Information

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