MARTIN BARRY STOCKLAN is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 45 WILLIAM ST, WELLESLEY HILLS, MA, 02481.
MARTIN BARRY STOCKLAN has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since December 04, 2008
Disclosure History
MARTIN BARRY STOCKLAN has 2 Disclosure Event(s).
Date: December 08, 2009 Category: Customer Dispute Allegations: CLAIMANT ALLEGES, INTER ALIA, THAT FROM 2004 THROUGH 2009 THE FINANCIAL ADVISOR EXCESSIVELY USED MARGIN, AND MAINTAINED AN UNSUITABLE ASSET ALLOCATION IN THE CLAIMANT'S ACCOUNTS. Settlement Amount: $182,500.00 Broker Comment: THE FIRM SETTLED THIS MATTER SOLELY TO AVOID THE COSTS AND UNCERTAINTIES OF LITIGATION. THE FINANCIAL ADVISOR WAS NOT ASKED TO CONTRIBUTE TO THE SETTLEMENT.
Date: March 14, 2005 Category: Customer Dispute Allegations: CLIENT ALLEGES FAILURE TO DIVERSIFY, MISREPRESENTATION, NEGLIGENCE, UNSUITABILITY, AND BREACH OF FIDUCIARY DUTY. Damage Amount Requested: $1,000,000.00 Damages Granted: $50,000.00 Broker Comment: I BELIEVE THAT ANY AWARD NO MATTER HOW SMALL ( $50,000 VS A CLAIM OF OVER $2,000,000 INCLUDING INTEREST) WAS COMPLETELY UNWARRANTED BY THE FACTS OF THE CASE. CLIENT MADE OVER $2,500,000 AND REFUSED TO SELL POSITIONS BECAUSE THEY DIDN'T WANT TO PAY COMMISSIONS OR CAPITAL GAINS TAXES.
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