Our firm is investigating Merrill Lynch, Pierce, Fenner & Smith Incorporated financial advisor Alexandre Maltez (CRD# 6506116) of Winter Springs, Florida for potential investment-related misconduct.
Financial Advisor’s Career History
According to his FINRA registration and employment history, Alexandre Maltez has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated since October 2022 and previously was registered with firms including Newbridge Financial Services Group/Newbridge Securities (2019–2022), CoreCap (2018–2019), USA Financial Securities (2017–2018), and United Planners’ Financial Services (2015–2016).
Alexandre Maltez Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reflects four customer disputes (three settled and one pending) reported in connection with Mr. Maltez, including claims involving alternative investments and “ALTERNATIVES – GWG.”
Disclosures (for context):
- FINRA Arbitration (Docket 25-00135) — Settled (Status Date: 12/16/2025); allegations: breach of fiduciary duty, negligence, and Reg BI; product: ALTERNATIVES – GWG; alleged damages: $50,000; settlement: $27,500; individual contribution: $0.
- FINRA Arbitration (Docket 24-02334) — Settled (Status Date: 11/24/2025); allegations: breach of fiduciary duty, negligence, and Reg BI; product: ALTERNATIVES – GWG; alleged damages: $120,000; settlement: $55,000; individual contribution: $0.
- FINRA Arbitration (Docket 22-01480) — Settled (Status Date: 10/24/2023); allegations include suitability, breach of fiduciary duty, failure to supervise, breach of contract, fraud, and violation of FINRA Rule 2210; product: Alternative Investments; settlement: $30,000; individual contribution reported: $20,000 (broker-reported version).
- FINRA Arbitration (Docket 25-02563) — Pending (Filed: 11/19/2025; complaint received: 11/20/2025); allegations include breach of contract, breach of fiduciary duty, failure to supervise, negligence, misrepresentation, violation of federal securities laws, and violation of Reg BI; product: ALTERNATIVES – GWG; alleged damages: $651,709.
FINRA Arbitration Docket 25-02563 (Pending) — Alleged $651,709 in Damages
The pending FINRA matter asserts claims including misrepresentation, negligence, and Reg BI violations tied to ALTERNATIVES – GWG, with claimed damages of $651,709.
FINRA Arbitration Docket 24-02334 (Settled) — Alleged $120,000 in Damages; $55,000 Settlement
In another FINRA arbitration, the claimant alleged breach of fiduciary duty, negligence, and Reg BI in connection with ALTERNATIVES – GWG, sought $120,000, and the matter settled for $55,000 (with $0 individual contribution listed).
FINRA Arbitration Docket 25-00135 (Settled) — Alleged $50,000 in Damages; $27,500 Settlement
A separate customer dispute also alleged breach of fiduciary duty, negligence, and Reg BI involving ALTERNATIVES – GWG, sought $50,000, and settled for $27,500 (with $0 individual contribution listed).
FINRA Arbitration Docket 22-01480 (Settled) — Alternative Investments; $30,000 Settlement
FINRA disclosures further reflect a dispute alleging, among other things, suitability, failure to supervise, fraud, and a FINRA Rule 2210 violation in connection with Alternative Investments, which settled for $30,000; the broker-reported entry reflects an individual contribution amount of $20,000.
To obtain a copy of Alexandre Maltez’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) requires brokers to have a reasonable basis to believe a recommendation is suitable for a customer based on the customer’s investment profile (including objectives, risk tolerance, financial situation, and other factors). Where claims allege unsuitable recommendations or failure to account for a customer’s profile—particularly with higher-risk or complex products such as alternative investments—FINRA Rule 2111 is commonly implicated by the same fact pattern described in the customer disputes.
FINRA Rule 3110 (Supervision) requires firms to establish and maintain a supervisory system reasonably designed to achieve compliance with applicable securities laws and FINRA rules. When a customer dispute alleges failure to supervise—as reflected in multiple disclosures here—the allegation generally centers on whether the firm’s supervisory controls (reviews, approvals, concentration monitoring, and escalation) were adequate to detect and prevent sales-practice violations tied to the recommendations at issue.
FINRA Rule 2210 (Communications with the Public) governs broker-dealer communications to ensure they are fair and balanced and not misleading. Where a dispute alleges misrepresentation, fraud, or specifically cites a FINRA Rule 2210 violation, the claim often focuses on whether materials or statements used to recommend the investment omitted material risks (e.g., liquidity, issuer risk, or downside scenarios) or otherwise created an inaccurate impression of the product’s features.
The Law Offices of Robert Wayne Pearce, P.A. is a nationally recognized securities law firm representing investors in FINRA arbitration and securities fraud cases on a contingency fee basis. Robert Wayne Pearce, the founding attorney, has more than 45 years of experience recovering millions for victims of broker misconduct and investment fraud. He previously defended major brokerage firms and now uses that insight to protect investors nationwide. To discuss your case directly with Mr. Pearce, call (800) 732-2889 or email pearce@rwpearce.com for a free consultation.
