DID DAVID M. WILSON CAUSE YOU INVESTMENT LOSSES?
David M. Wilson Of Merrill Lynch, Pierce, Fenner & Smith Incorporated And Formerly With Hancock Whitney Investment Services, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct In the Past Year
Who is David M. Wilson Of Merrill Lynch, Pierce, Fenner & Smith Incorporated?
David Wilson (CRD #4766367) who is currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated and located in Mobile, Alabama is a subject of one of our many securities industry sales practice abuse investigations. Prior to Merrill Lynch, Pierce, Fenner & Smith Incorporated, David Wilson was associated with Hancock Whitney Investment Services Inc.and3other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
At the time David White resigned from his employment at Hancock Whitney Investment Services, Inc., the brokerage firm reported that it was currently investigating to matters involving retail clients that came to light shortly before his resignation. In both matters, the customers allege that they were not informed about the tax consequences of certain investment transactions. Further, the firm suspected that information David Wilson placed on firm documents to supervise the transactions was inaccurate and/or incomplete. Notwithstanding, Merrill Lynch, Pierce, Fenner & Smith Incorporated hired him anyway.
Hancock Whitney Investment Services, Inc. Broker Misconduct
In his career, David Wilson has been the subject of 3 customer complaints that we know about, 2 of those complaints were filed in the last year to recover investment losses. One of David Wilson’s 3 customer complaints was settled in favor of investors. Another complaint was denied and the customer took no further action. There is currently one pending customer complaint filed against David Wilson’s former employer Hancock Whitney Investment Services, Inc., for investment losses caused by his alleged misconduct.
Allegations Against David Wilson
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- Customer alleged that David Wilson provided them with false information in order to induce them to purchase a variable annuity.
- Customer alleged that the registered representative failed to place a trade as instructed.
- Customer alleged that she was not informed about the tax consequences associated with certain annuity transactions recommended by David Wilson.
David Wilson Red Flags & Your Rights As An Investor
Of course, David Wilson did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of David Wilson at Merrill Lynch, Pierce, Fenner & Smith Incorporated and Hancock Whitney Investment Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether David Wilson has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Hancock Whitney Investment Services Inc. about David Wilson also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Merrill Lynch, Pierce, Fenner & Smith Incorporated And Hancock Whitney Investment Services, Inc.
If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated, Hancock Whitney Investment Services Inc. and/or David Wilson and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.