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Marcus Boggs Formerly With Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 7 Customer Complaints For Alleged Broker Misconduct

Who is Marcus Boggs formerly with Merrill Lynch, Pierce, Fenner & Smith Incorporated?

Marcus Boggs

Marcus Boggs (CRD #5055667) who was formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated and located in Chicago, Illinois, is a subject of one of our many securities industry sales practice abuse investigations. Marcus Boggs has had his problems with the regulators as well. He has been sued by the SEC and convicted of criminal violations of the federal securities laws for stealing more than $1.7 million from at least 3 of his advisory clients. He has been permanently barred by the SEC and FINRA from ever working again in the securities industry. He was sentenced to 42 months in prison and required to pay restitution over $3 million.

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Marcus Boggs Customer Complaints

Marc Steinberg has been the subject of 6 customer complaints that we know about to recover investment losses. One customer complaint proceeded to arbitration and the investor prevailed. Two of the customer complaints were settled by Mr. Steinberg’s former employers Dawson James Securities and Joseph Stevens & Co. The other 3 customer complaints were denied by Mr. Steinberg’s former employers and the customers took no further action.

Allegations Against Marcus Boggs

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

  • Fraudulent withdrawals from the client’s accounts.
  • Unauthorized charges to client’s accounts.
  • Unauthorized ACH transfers made to an American Express account from the customer’s account.

Marcus Boggs Red Flags & Your Rights As An Investor

Of course, Marcus Boggs 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 Marcus Boggs at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Marcus Boggs 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.

Did You Lose Money Because of Broker Misconduct?

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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.

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

If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Marcus Boggs 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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