William H Bender is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 417 LACKAWANNA AVE, SCRANTON, PA, 18503.
William H Bender has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since July 09, 1993
William H Bender has 5 Disclosure Event(s).
Date: August 05, 2004 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES THE FA RECOMMENDED EXTREMELY SPECULATIVE SECURITIES AND MADE UNSUITABLE INVESTMENTS. Damage Amount Requested: $13,800.00
Date: November 21, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT THE RECOMMENDATIONS HE WAS GIVEN WERE UNSUITABLE GIVEN THE TOTALITY OF THE CIRCUMSTANCES. Damage Amount Requested: $30,000.00
Date: January 28, 1997 Category: Customer Dispute Allegations: [CUSTOMER] ALLEGES THAT HIS SHARES OF ALLIANCENORTH GOV'T INCOME TRUST WERE UNSUITABLE FOR HIM AND SEEKS$23,000 IN DAMAGES. Damage Amount Requested: $23,000.00 Settlement Amount: $13,000.00 Broker Comment: ALTHOUGH MERRILL LYNCH BELIEVES THAT [CUSTOMER'S]CLAIM WAS STRICTLY PERFROMANCE BASED, A BUSINESS DECISION WASMADE TO SETTLE THIS MATTER FOR $13,000.NOT PROVIDED
Date: November 08, 1995 Category: Customer Dispute Allegations: FAILURE TO SUPERVISE. DAMAGES OF $20,000CLAIMED. Damage Amount Requested: $20,000.00 Settlement Amount: $17,500.00 Broker Comment: MERRILL LYNCH AGREED TO PAY [CUSTOMER] $17,500TO AVOID THE COSTS AND UNCERTAINTIES OF LITIGATION.NO AMENDMENT TO MR. BENDER'S U-4 WAS FILED WHENTHE CASE WAS ORIGINALLY BROUGHT BECAUSE MERRILL LYNCHDETERMINED THAT HIS INCLUSION IN THE STATE- MENT OF CLAIM WASMALICIOUS, UNNECESSARY AND THE FACTS DID NOT SUPPORT ANYALLEGATION OF WRONGDOING ON MR. BENDER'S PART.
Date: October 21, 1993 Category: Customer Dispute Allegations: THE ABOVE REFRENCED CLIENT HAS SUBMITTED A CLAIM FORM TO THE CLIENT RESOLUTION PROCESS RELATING TO THE PURCHASE OF A LIMITED PARTNERSHIP IN 1/90. THE ABOVE REFRENCED REGISTERED REPRESENTATIVE WAS THE BROKER OF RECORD AT THE TIME THE PURCHASE NO. NO DAMAGES WERE ALLEGED BUT THE AMOUNT OF ACTUAL LOSS (OUT OF POCKET) ID: $8,367.00 Damage Amount Requested: $8,637.00 Settlement Amount: $14,523.00 Broker Comment: A SETTLEMENT FOR THE ABOVE CLIENT HAS BEEN REACHED IN THE CLAIMS RESOLUTION PROCESS. THE DOLLAR AMOUNT OF THE SETTLEMENT IS AS FOLLOWS $14,523.00. THE MATTER RESUKTED FROM THE UNPRECEDENTED, UNSOLICITED MAILING OF THE CLAIM FORMS BY PSI TO OVER 340,000 INVESTORS WHO PURCHASED LIMITED PARTNERSHIPS THROUGH PSI FROM JANUARY 1, 1980 TO JANUARY 1,1991, THE ABOVE REFRENCED CLIENT SUBMITTED A CLAIM FORM IN RESPONSE TO THIS MAILING. THE CLAIM FORM WAS EVALUATED BY PSI IN ACCORDANCE WITH THE STANDARDS ESTABLISHED UNDER THE SETTLEMENT BETWEEN PSI, THE SEC, NASD AND THE STATE SECURITIES ADMINISTRATIVE SECURITIES ADMISTRATORS. THE REPORTED SETTLEMENT AROSE OUT OF THIS UNIQUE PROCESS. I NEVER HEARD ANYTHING ON THIS COMPLAINT UNTIL MAY OF 2000. THIS WAS PART OF PRUDENTIAL'S LARGE CLASS ACTION. I PERSONALLY FEEL THE AMOUNT PAID WAS TO HIGH. THE AMOUNT THE CLIENT WAS LOOKING FOR WAS 8637.00 YER PRUDENTIAL PAID IN EXCESS OF 14523.00. I BELIEVE THIS IS IN PART TO PUNISH ME AS THE BROKER FOR LEAVING THE FIRM AND JOINING MERRILL LYNCH.
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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.
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