Wallace BRIAN Macdermott is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 900 ELM ST, MANCHESTER, NH, 03101.
Wallace BRIAN Macdermott has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since December 11, 1997
Disclosure History
Wallace BRIAN Macdermott has 5 Disclosure Event(s).
Date: February 17, 2011 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES UNAUTHORIZED TRADING FROM SEPTEMBER 2008 TO NOVEMBER 2008. COMPENSATORY DAMAGES ARE NOT SPECIFIED.
Date: May 07, 2009 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES UNSUITABLE INVESTMENT RECOMMENDATIONS. Damage Amount Requested: $100,000.00 Settlement Amount: $70,000.00 Broker Comment: MERRILL LYNCH SETTLED THIS MATTER TO AVOID THE COST AND UNCERTAINTY OF LITIGATION.
Date: September 20, 2002 Category: Customer Dispute Allegations: CLAIMANT, A SUCCESSFUL SOFTWARE ENGINEER, ALLEGES THAT MERRILL LYNCH FAILED TO RECOMMEND HEDGING STRATEGIES OR DIVERSIFICATION FOR AN EQUITY POSITION IN HIS EMPLOYER'S STOCK OBTAINED THROUGH EXCERCISE OF STOCK OPTIONS HE WAS AWARDED. THIS ALLEGED FAILURE IS CLAIMED TO BE GROSS NEGLIGENCE AND A BREACH OF FIDUCIARY DUTY. RESPONDENTS MERRILL LYNCH AND ITS FINANCIAL ADVISORS ARE VIGOROUSLY CONTESTING THE CLAIMS. Damage Amount Requested: $3,800,000.00 Settlement Amount: $290,000.00
Date: August 12, 1998 Category: Customer Dispute Allegations: CUSTOMER ALLEGES FINANCIAL CONSULTANT ANDMERRILL LYNCH FAILED TO EXECUTE CUSTOMER'S LONG-STANDINGINSTRUCTIONS TO SELL HIS IKON STOCK AT $35, ALLEGING DAMAGES OF$320,000. Damage Amount Requested: $320,000.00 Broker Comment: N/ANOT PROVIDED
Date: June 02, 1998 Category: Customer Dispute Allegations: CLIENT ALLEGES UNAUTHORIZED PURCHASE OFMERCURY FINANCE CORP. DAMAGES ARE NOT SPECIFIED BUT ESTIMATEDAT $6,677.00. Damage Amount Requested: $6,677.00
More Information
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