Roy ALEXANDER Cook is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 1 TOWN CENTER RD, BOCA RATON, FL, 33486.
Roy ALEXANDER Cook has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since October 23, 2009
Disclosure History
Roy ALEXANDER Cook has 2 Disclosure Event(s).
Date: December 23, 2014 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES UNAUTHORIZED TRADING FROM JANUARY 2006 TO DECEMBER 2006. Damage Amount Requested: $479,816.00 Broker Comment: THE FINANCIAL ADVISOR STRONGLY DENIES THE ALLEGATIONS FILED RECENTLY FOR CLAIMS FROM 2006. THE CLAIM HAS BEEN DENIED AND IS BELIEVED TO BE WITHOUT MERIT.
Date: June 09, 2009 Category: Customer Dispute Allegations: CLAIMANT ALLEGED MISREPRESENTATION. Settlement Amount: $1,300,000.00 Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHERE THEY COMPLAINED OR NOT, THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENT TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12. REGARDING QUESTION 14(I)(5)(A). AFTER RECEIVING SETTLEMENT REFLECTED IN ITEM NUMBER 11, CLAIMANT FILED ARBITRATION REQUESTING COMPENSATION FOR LOST OPPORTUNITY TO PURCHASE BUSINESS AS A RESULT OF MISREPRESENTATION OF AUCTION RATE SECURITIES IN JANUARY 2006. 7C. IS THIS AN ARBITRATION/CFTC REPARATION OR CIVIL LITIGATION? YES 7C I. ARBITRATION/REPARATION FORUM OR COURT NAME AND LOCATION AND LOCATION: FINRA SOUTHEAST REGIONAL OFFICE 7CII. DOCKET/CASE #: 09-05978. 7C III. FILING DATE OF ARBITRATION/CFTC REPARATION OR CIVIL LITIGATION (MM/DD/YYYY): 10/23/2009. 7D. DATE RECEIVED BY/SERVED ON FIRM (MM/DD/YYY): 10/29.2009, EXACT 8. IS THE COMPLAINT, ARBITRATION/CFTC REPARATION OR CIVIL LITIGATION PENDING? NO. 9. IF COMPLAINT, ARBITRATION/CFTC REPARATION/CIVIL LITIGATION IS NOT PENDING, PROVIDE STATUS: SETTLED. 10. STATUS DATE: 10/13/2010 EXACT 11. SETTLEMENT/AWARD/MONETARY JUDGMENT: A. SETTLEMENT/AWARD/MONETARY JUDGMENT AMOUNT: $16,000.00 B. YOUR CONTRIBUTION AMOUNT $-0-. THE FINRA DISPUTE RESOLUTION CASE NO.: 09-05978 WAS SETTLED FOR $16,000 ON 10/13/2010.
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