|
|
Merrill Lynch to Pay $500,000 Penalty Due to Acts of Broker John David
Merrill Lynch has agreed to pay New Hampshire regulators $500,000 to settle allegations that its broker, John David, used high pressure sales tactics to sell speculative stocks that, in some cases, rapidly fell in value.
As part of the settlement, customers of John David may file an arbitration claim to recover their losses. Investors found to have been wronged will receive their money back plus 10% interest.
Source: Wall Street Journal, July 19, 2002
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Contact
|
Search
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
