The Law Firm of David Chase is reviewing a customer’s allegations of unsuitability and misrepresentations of material facts made in 2016 against former Frederick, Maryland-based Merrill Lynch broker James Merkel. The complaint, which clams $1 million in damages, is currently pending.
In August 2017, Merrill Lynch discharged James Merkel for conduct involving selling away.
Selling away is when a stock broker sells an investment to his customers without the knowledge and consent of his employing securities brokerage firm. Selling away is a violation of FINRA rules. It also often involves the sale of fraudulent and/or unsuitable investments that pay high commissions, thus providing a strong financial incentive for the stock broker to hawk it to his clients and others.
FINRA arbitration is a fast, efficient way to recover your lost investment funds due to a stock broker’s selling away, unsuitable investment recommendations, misrepresentation and/or excessive trading. The Law Firm of David Chase, a law firm that represents defrauded stock market investors nationwide, works on a contingency fee basis, meaning you pay it nothing unless it recovers money for you.
If you invested with James Merkel and Merrill Lynch and have lost money doing so, you may be able to recover some or all of your investment losses. David Chase, a SEC attorney, is experienced in helping investors recover their investment losses through FINRA arbitration.
Securities lawyer David Chase represents investors around the country in cases to recover their investment losses. If you have questions about your ability to recover your investment losses, please contact David Chase, a stock broker fraud lawyer, for a free consultation at david@davidchaselaw.com or toll-free at (800) 760-0912.
