Richard F Mazur is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 555 CALIFORNIA ST, SAN FRANCISCO, CA, 94104.
Richard F Mazur has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since September 26, 1978
Disclosure History
Richard F Mazur has 2 Disclosure Event(s).
Date: December 18, 1996 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE THAT THEY SHOULD NOT HAVEBEEN ADVISED TO SELL 1997 SHARES OF THEIR 2497 SHARE HOLDING INBANKAMERICA CORPORATION COMMON STOCK HELD IN THEIR MERRILLLYNCH ACCOUNT. DUE TO INACCURATE INFORMATION THEY PROVIDED TOMERRILL LYNCH REGARDING THEIR MEANS OF ACQUISITION, THEIRCAPITAL GAINS TAX CONSEQUENCES WERE GREATER THAN THEY HADPLANNED, FOR. THEY SEEK $116,443 IN DAMAGES. Damage Amount Requested: $116,443.00 Settlement Amount: $35,000.00 Broker Comment: IN ORDER TO AVOID THE COSTS AND UNCERTAINTIES OFLITIGATION, MERRILL LYNCH SETTLED FOR $35,000.A NUMBER OF THOROUGH DISCUSSIONS REGARDING ASSETALLOCIATION, PORTFOLIO DIVERSIFICATION AND RISK MANAGEMENT WERECONDUCTED WITH CUSTOMERS FOR SEVERAL MONTHS PRIOR TO THE SALEOF THE SHARES. MERRILL LYNCH BELIEVES MR. MAZUR ACTED PROPERLYIN ADVISING THE CLIENT.
Date: June 01, 1992 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT UNSUITABLE INVESTMENTWERE PURCHASED IN THE ACCOUNT. DAMAGES ALLEGED - $185,000.00 Damage Amount Requested: $185,000.00 Settlement Amount: $40,000.00 Broker Comment: SETTLED FOR $40,000.00 (SEE BELOW)MATTER SETTLED TO AVOID COSTS AND EXPENSES OFLITIGATION. CERTAIN SECURITIES WILL BE ASSIGNED TO MERRILLLYNCH AND SOLD TO REDUCE THE COST OF THE SETTLEMENTSIGNIFICANTLY. MERRILL LYNCH AND MR. MAZUR CONSIDERED THEINVESTMENTS TO BE TOTALLY APPROPRIATE AND CONSISTENT WITH THECLIENT'S STATED INVESTMENT GOALS AND OBJECTIVES.
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