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John Gatto Of Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 6 Customer Complaints For Alleged Broker Misconduct

Who is John Gatto of Merrill Lynch, Pierce, Fenner & Smith Incorporated?

John Gatto

John Gatto (CRD #1415454) is a registered broker and investment advisor who is currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated and located in Jericho, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Merrill Lynch, Pierce, Fenner & Smith Incorporated, John Gatto was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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John Gatto Customer Complaints

John Gatto has been the subject of 6 customer complaints that we know about to recover investment losses. Three of the customer complaints were settled in favor of the investors by John Gatto’s former employers. The other 3 customer complaints was denied, and to date, the customers have not taken any further action.

Allegations Against John Gatto

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Misrepresentation of the yield and safety of a bond recommended and purchased.
  • Gross negligence and misrepresentation of Unit Investment Trust.
  • Unsuitable recommendation of Unit Investment Trust investments.
  • Failure to follow customer’s instructions.
  • Unsuitable investment recommendations and misrepresentations related to over-the-counter stocks.
  • Misrepresentation and breach of fiduciary duty.

John Gatto Red Flags & Your Rights As An Investor

Of course, John Gatto 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 John Gatto at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether John Gatto has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Merrill Lynch, Pierce, Fenner & Smith Incorporated also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Related Read: How to Sue Your Financial Advisor or Broker Over Investment Losses

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Merrill Lynch, Pierce, Fenner & Smith Incorporated Due To John Gatto

If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or John Gatto 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.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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