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
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
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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.
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