RUTH ELIZABETH SAADA

RUTH ELIZABETH SAADA is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 225 LIBERTY ST - 2 WORLD FINANCIAL CTR, NEW YORK, NY, 10281.

RUTH ELIZABETH SAADA has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since January 21, 1987

Disclosure History

RUTH ELIZABETH SAADA has 2 Disclosure Event(s).

Date: December 11, 2000
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES THAT FINANCIAL CONSULTANT MADE UNSUITABLE INVESTMENT RECOMMENDATIONS. CUSTOMER FURTHER ALLEGES THAT FINANCIAL CONSULTANT FAILED TO DISCLOSE ALL MATERIAL FACTS WITH REGARDS TO A BOND INVESTMENT. NO SPECIFIC AMOUNT OF DAMAGES WERE ALLEGED.
Broker Comment: FINANCIAL CONSULTANT DENIES THE ALLEGATIONS. BOTH INVESTMENTS WERE CHOSEN BY THE CUSOTMER DURING A LENGTHY MEETING AT THE FINANCIAL CONSULTANT'S OFFICE. THE CUSTOMER WAS GIVEN NUMEROUS CHOICES, WITH VARYING DEGREE OF RISKS, TO MEET HER OBJECTIVES AND ULTIMATELY CHOSE THE INVESTMENTS SHE NOW COMPLAINS ABOUT.

Date: April 11, 2000
Category: Customer Dispute
Allegations: CLIENT ALLEGES MS. SAADA DID NOT INVEST IN A WAY TO SATISFY HIS NEEDS AND MADE AN INVESTMENT WITHOUT HIS CONSENT. 1997-2000UNSPECIFIED DAMAGES
Broker Comment: THE CLIENT'S ALLEGATIONS WERE FOUND TO BE WITHOUT MERIT AND THE COMPLAINT WAS CLOSED.

More Information

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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.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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