Scott T Ribordy is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 707 E 80TH PL, MERRILLVILLE, IN, 46410.
Scott T Ribordy has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since December 26, 1986
Scott T Ribordy has 2 Disclosure Event(s).
Date: May 24, 2004 Category: Customer Dispute Allegations: CLIENT ALLEGES PRODUCT WAS MISREPRESENTED. Damage Amount Requested: $130,000.00 Broker Comment: THE COMPLAINT WAS DENIED ON 02/24/2005 BECAUSE THE ALLEGATIONS WERE FOUND TO BE WITHOUT MERIT.
Date: January 03, 1995 Category: Customer Dispute Allegations: [CUSTOMER'S] PRIME ALLEGATION WAS THAT IN AUGUST 1988 AND THEREAFTER UNTIL 1992, MR. RIBORDY DID NOT ADVISE HER ABOUT THE POSSIBILITY OF OPENING A MONEY PURCHASE PENSION PLAN ACCOUNT, WHICH WOULD HAVE ALLOWED FOR GREATER TAX DEDUCTIONS THAN THE SIMPLIFIED EMPLOYEE PENSION ACCOUNT SHE OPENED. Damage Amount Requested: $50,000.00 Settlement Amount: $21,500.00 Broker Comment: MR. RIBORDY STRENUOUSLY DENIES THE ALLEGATIONS. IN AUGUST 1988, [CUSTOMER], A PART TIME TAX RETURN PREPARER, SPECIFICALLY HAD REQUESTED TO OPEN A SIMPLIFIED EMPLOYEE PENSION ACCOUNT. SHE NEVER REQUESTED HIS ADVICE ABOUT OTHER TYPES OF PENSION PLANS. NEVERTHELESS, BECAUSE THE ANTICIPATED ATTORNEY 'S FEES IN PREPARING FOR AND TRYING THIS LAWSUIT WOULD FAR EXCEED THE SETTLEMENT AMOUNT, A BUSINESS DECISION WAS MADE TO SETTLE THIS ACTION.
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