WILLIAM E FRALEY is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 1152 15TH ST NW, WASHINGTON, DC, 20005.
WILLIAM E FRALEY has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since September 26, 1978
Disclosure History
WILLIAM E FRALEY has 2 Disclosure Event(s).
Date: July 13, 1998 Category: Customer Dispute Allegations: HE CLAIMS THAT THERE ARE TOO MANY HIGH RISKINVESTMENTS INCLUDING LIMITED PARTNERSHIPS. MR. HOCKER ALSOCOMPLAINS OF THE PURCHASE OF TAX FREE MUNICIPAL BONDS ANDFUNDS. THERE ARE NO CLAIMED DAMAGES. THIS OCCURRED AT MERRILLLYNCH. Broker Comment: CLAIMS WERE DENIED IN THEIR ENTIRETY. THEINVESTMENTS IN THE ACCOUNT WERE SUITABLE IN ACCORDANCE WITHCUSTOMER'S OBJECTIVES AND RISK FACTORS.THE ACTIVITY GOES BACK AS FAR AS JANUARY, 1988.THE OVERALL VALUE OF THE PORTFOLIO HAS INCREASED OVER THE PASTTEN YEARS. CUSTOMER HAS RECEIVED A SUBSTANTIAL AMOUNT OFDISTRIBUTIONS ON HER INVESTMENTS.
Date: November 18, 1993 Category: Customer Dispute Allegations: CLAIMANTS ALLEGES THAT PURCHASE OF TWO HIGHYIELDING REAL ESTATE INVESTMENT TRUSTS WERE UNSUITABLE ANDSEEKS DAMAGES IN EXCESS OF $76,000. Damage Amount Requested: $76,000.00 Settlement Amount: $18,000.00 Broker Comment: PENDING N/AAN ANSWER ON BEHALF OF WILLIAM FRALEY AND MERRILLLYNCH HAS BEEN SUBMITTED DENYING ANY AND ALL WRONGDOING.CUSTOMER, AFTER APPROPRIATE RISK DISCLOSURE, DETERMINE TOPURCHASE HIGH YIELDING INVESTMENTS IN ORDER TO KEEP PACE WITHSPENDING HABITS.
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