MICHAEL FRANCIS EYER is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 11811 BERNARDO PLAZA CT, SAN DIEGO, CA, 92128.
MICHAEL FRANCIS EYER has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since September 26, 1978
Disclosure History
MICHAEL FRANCIS EYER has 3 Disclosure Event(s).
Date: March 09, 2010 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES UNAUTHORIZED TRADING AND MISREPRESENTATION ON MARCH 12, 2009. Damage Amount Requested: $134,201.00 Broker Comment: MERRILL LYNCH FOUND [CUSTOMER]' CLAIMS TO BE WITHOUT MERIT.
Date: December 21, 1999 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT MR. EYER WITHHELD THE CRUCUAL FACT THAT AIR TOUCH COMMUNICATIONS WAS MERGINGWITH VODAFONE PRIOR TO HIS RECOMMENDATIONS TO SELL AIR TOUCH COMMUNICATIONS COMMON STOCK. CUSTOMER ALSO CLAIMS THAT SHE WAS NOT NOT INFORMED THAT THERE WOULD BE A LARGE CAPITAL GAIN UPON ITS SALE. NO SPECIFIC DAMAGES WERE ALLEGED. Broker Comment: MERRILL LYNCH FOUND THAT MR. EYER DID DISCUSS AIRTHOUCH'S MERGER WITH VODAFONE, AND CUSTOMER ELECTED TO SELL HER SHARES OF AIRTOUCH COMMON STOCK. MERRILL LYNCH BELIEVES THAT CUSTOMER'S CONCERNS ARE A CONSEQUENCE OF A MISSED OPPORTUNITY IN VODAFONE COMMON STOCK, WHICH SUBSEQUENTLY APPRECIATED IN VALUE.
Date: November 09, 1992 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE UNAUTHORIZED, UNSUITABLE ANDEXCESSIVE COMMODITY TRANSACTIONS RESULTING IN ALLEGED DAMAGESOF $600,000. Damage Amount Requested: $600,000.00 Settlement Amount: $75,000.00 Broker Comment: PAYMENT TO CUSTOMERS OF $75,000.WE DO NOT BELIEVE THERE IS ANY MERIT WHATSOEVERTO THESE COMPLAINTS. [CUSTOMER] IS [OTHER CUSTOMER NAMED'S] HUSBANDAND HAD POWER OF ATTORNEY OVER HER ACCOUNT. [CUSTOMER] IS ASOPHISTICATED AND EXPERIENCED COMMODITY TRADER;[CUSTOMERS] ARE WEALTHY INDIVIDUALS WHO MET ALL THEFINANCIAL REQUIREMENTS FOR THE TRADING WHICH IS NOW THE SUBJECTOF THEIR COMPLAINT. WE SETTLED THIS MATTER FOR LESS THAN THECOST OF DEFENSE.
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 MICHAEL FRANCIS EYER, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
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 Removal
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.