MICHAEL BRENDAN WEINBERG

MICHAEL BRENDAN WEINBERG is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 900 S US HWY 1, JUPITER, FL, 33477.

MICHAEL BRENDAN WEINBERG has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since January 22, 2010

Disclosure History

MICHAEL BRENDAN WEINBERG has 1 Disclosure Event(s).

Date: January 21, 2003
Category: Customer Dispute
Allegations: CUSTOMERS ALLEGE THAT THE FINANCIAL ADVISOR FAILED TO PLACE STOP LOSS ORDERS ON ALL OPTION EQUITY POSITIONS SO AS TO AVOID LOSSES OF 10% OR MORE IN EACH INDIVIDUAL EQUITY POSITION MAINTAINED BY THE CUSTOMERS IN THEIR ACCOUNT.
Damage Amount Requested: $210,000.00
Settlement Amount: $122,500.00
Broker Comment: AFTER RECEIVING ADDITIONAL INFORMATION, THE CUSTOMERS DETERMINED THAT ALL CLAIMS AGAINST THE FA SHOULD BE WITHDRAWN AND/OR DISMISSED WITH PREJUDICE. THE CUSTOMERS HAVE STATED THAT THEY HAVE NO OBJECTION TO EXPUNGEMENT OF THIS MATTER FROM THE FA'S RECORD. IT IS MERRILL LYNCH'S UNDERSTANDING THAT THE FA INTENDS TO SEEK EXPUNGEMENT. MERRILL LYNCH ULTIMATELY SETTLED THIS MATTER TO AVOID THE COSTS AND VAGARIES OF ARBITRATION.

More Information

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