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
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.
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