PETER KARSTEN HUMMEL is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 51 BROADWAY, FARGO, ND, 58102.
PETER KARSTEN HUMMEL has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since February 23, 1988
Disclosure History
PETER KARSTEN HUMMEL has 5 Disclosure Event(s).
Date: June 18, 2017 Category: Customer Dispute Allegations: The Customer alleges that the Financial Advisor skimmed money from the account when her parent died in July 2010. Broker Comment: Allegations have been denied by the Firm as no evidence of misappropriation was found.
Date: November 07, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGES HE WAS DECEIVED BY THE MANNER IN WHICH HE WAS UTILIZING MARGIN. NO SPECIFIC DAMAGES ALLEGED. Broker Comment: MERRILL LYNCH HAS DENIED THESE CHARGES IN THEIR ENTIRETY.
Date: October 18, 2002 Category: Customer Dispute Allegations: THE CLIENT ALLEGES THAT WHEN HE PURCHASED A GROWTH MUTUAL FUND IN 2000, HE WAS TOLD THAT THE INVESTMENT WAS EXPECTED TO APPRECIATE BUT THAT IT HAS SINCE DEPRECIATED IN VALUE. DAMAGES NOT SPECIFIED. Broker Comment: MERRILL LYNCH HAS DENIED THESE CHARGES IN THEIR ENTIRETY.
Date: February 01, 2002 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE VARIOUS SALES PRACTICE VIOLATIONS. NO SPECIFIC AMOUNT OF DAMAGES IS ALLEGED. Damages Granted: $150,000.00 02-00278
Date: March 10, 1999 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE UNSUITABILITY AND CHURNING.DAMAGES CLAIMED ARE $50,000.00 THIS OCCURRED AT MERRILL LYNCH. Damage Amount Requested: $50,000.00 Settlement Amount: $20,000.00 Broker Comment: MATTER SETTLED FOR $20,000.00 TO AVOID THEEXPENSE AND UNCERTAINTY OF LITIGATION.Not Provided
More Information
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