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DID MICHAEL PATRICK TRUITT CAUSE YOU INVESTMENT LOSSES?

Michael Truitt Of Merrill Lynch Pierce Fenner & Smith Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Michael Truitt of Merrill Lynch Pierce Fenner & Smith?

Michael Truitt (CRD #1201845) who is currently registered with Merrill Lynch Pierce Fenner & Smith and located in Salisbury, Maryland is a subject of one of our many securities industry sales practice abuse investigations.

Michael Truitt Customer Complaints

Michael Truitt has been the subject of 3 customer complaints that we know about. One of Michael Truitt’s 3 customer complaints was settled in favor of investors. One of Michael Truitt’s customers’ complaints was denied and, to date, the customers have not taken any further action. There is currently one pending customer complaint filed against Merrill Lynch Pierce Fenner & Smith for investment losses caused by Michael Truitt’s alleged misconduct.

Allegations Against Michael Truitt

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

  • Complaint alleged that risk of principal fluctuation was not disclosed by Michael Truitt.
  • The customer alleged Michael Truitt made misrepresentations and omission of material facts.
  • The customer alleged Michael Truitt made unsuitable investment recommendations.

Michael Truitt Red Flags & Your Rights As An Investor

Of course, Michael Truitt 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 Truitt at Merrill Lynch Pierce Fenner & Smith on alert to review carefully the activity and performance of their accounts and question whether Michael Truitt 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 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 Due To Michael Truitt

If you have questions about Merrill Lynch Pierce Fenner & Smith and/or Michael Truitt 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.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce has been a trial attorney for more than 40 years and is the founding partner of The Law Offices of Robert Wayne Pearce. You can learn more about Robert and his accomplishments by clicking here.

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