Thomas BRIAN Matarazzo is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 249 ROYAL PALM WAY, PALM BEACH, FL, 33480.
Thomas BRIAN Matarazzo has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since January 21, 1986
Disclosure History
Thomas BRIAN Matarazzo has 3 Disclosure Event(s).
Date: January 03, 2014 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES UNAUTHORIZED TRADING FROM NOVEMBER 2013 TO JANUARY 2014.
Date: September 18, 2002 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT FINANCIAL ADVISOR MADE AN UNSUITABLE INVESTMENT RECOMMENDATION. Damage Amount Requested: $27,500.00 Broker Comment: MERRILL LYNCH AND MR. MATARAZZO DENY THE CUSTOMER'S ALLEGATION. MR. MATARAZZO STATES THAT HE DISCUSSED THE PURCHASE OF QUEST PREFERRED PLUS 7.75% WITH THE CUSTOMER AND HE AGREED TO THE PURCHASE IN HIS IRA ACCOUNT. CUSTOMER ALSO UPSET WITH LOSSES INCURRED ON EQUITY STOCKS AND MUTUAL FUNDS. WE BELIEVE CUSTOMER'S COMPLAINT IS PERFORMANCE DRIVEN.
Date: June 28, 1999 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT FINANCIAL CONSULTANT MISTAKENLY ENTERED A MARKET ORDER AS LIMIT ORDER. PLEASE SEE SECTION 28 BELOW. Damage Amount Requested: $82,286.28 Settlement Amount: $15,000.00 Broker Comment: THOMAS MATARAZZO VIGOROUSLY DENIES CUSTOMER'S ALLEGATIONS. MR. MATARAZZO STATES THAT THE CUSTOMER PLACED A LIMIT ORDER. CUSTOMER COMPLAINED THAT SHE PLACED A MARKET ORDER WHEN THE LIMIT SHE PLACED ON THE PRICE AT WHICH SHE WISHED TO SELL WAS NOT REACHED, THE PRICE OF THE SHARES SHE WISHED TO SELL DROPPED DRAMATICALLY AND HER STOCK HAD NOT BEEN SOLD DUE TO THE LIMIT ORDER SHE PLACED. MERRILL LYNCH MADE A BUSINESS DECISION TO SETTLE THIS CASE TO AVOID THE COSTS AND UNCERTAINTIES ASSOCIATED WITH AN ANTICIPATED ARBITRATION.
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