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Comment: AFTER RECEIVING ADDITIONAL INFORMATION, THE CUSTOMERS DETERMINED THAT ALL CLAIMS AGAINST THE FA SHOULD BE WITHDRAWN AND/OR DISMISSED WITH PREJUDICE.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
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 BRENDAN WEINBERG, 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Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.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.