DID MICHAEL LICARI CAUSE YOU INVESTMENT LOSSES?
Michael Licari of Merrill Lynch Pierce Fenner & Smith Inc. Has 3 Customer Complaints For Alleged Broker Misconduct
Who is Michael Licari of Merrill Lynch Pierce Fenner & Smith Inc.?
Michael Licari (CRD #1106018) who is currently registered with Merrill Lynch Pierce Fenner & Smith Inc. and located in San Diego, California is a subject of one of our many securities industry sales practice abuse investigations.
Michael Licari Customer Complaints
Michael Licari has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Michael Licari’s 3 customer complaints was settled in favor of investors. Two of Michael Licari’s customers’ complaints were denied and the customers did not take any further action
Allegations Against Michael Licari
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Customer alleged Michael Licari committed breach of fiduciary duty, fraud and other sales practice violations.
- Customer alleges that Michael Licari did not follow customer’s instructions.
- The customer alleges unauthorized trades were placed by Michael Licari without her consent, after a change in strategy was not communicated to her.
Michael Licari Red Flags & Your Rights As An Investor
Of course, Michael Licari 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 Michael Licari at Merrill Lynch Pierce Fenner & Smith Inc. on alert to review carefully the activity and performance of their accounts and question whether Michael Licari 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 Inc. also raises questions about the brokerage firms’ 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 Inc. Due To Michael Licari
If you have questions about Merrill Lynch Pierce Fenner & Smith Inc. and/or Michael Licari 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.