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DID PATRICK JAMES DWYER CAUSE YOU INVESTMENT LOSSES?

Patrick James Dwyer formerly with Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 10 Customer Complaints for Alleged Broker Misconduct

Who is Patrick J. Dwyer formerly with Merrill Lynch, Pierce, Fenner & Smith Incorporated?

Patrick Dwyer (CRD #2250476) who was formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated and located in Miami, Florida is a subject of one of our many securities industry sales practice abuse investigations. Prior to Merrill Lynch, Pierce, Fenner & Smith Incorporated, a brokerage firm with a history of customer complaints and securities industry regulatory problems.

Patrick Dwyer was employed by Merrill Lynch for many years. In August 2019, he was terminated for engaging in activities inconsistent with the firm standards and policies governing the conduct of its employees.

Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker Misconduct

In his career, Patrick Dwyer has been the subject of 10 customer complaints that we know about, two of those complaints were filed in the last year to recover investment losses. Two of Patrick Dwyer’s 10 customer complaints were settled in favor of investors. Seven of those complaints were denied by Merrill Lynch in the customers did not take any further action. 

There is currently one pending customer complaints filed against Patrick Dwyer’s former employer Merrill Lynch, Pierce, Fenner & Smith Incorporated for investment losses caused by his alleged misconduct.

Allegations Against Merrill Lynch, Pierce, Fenner & Smith Incorporated

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

  • The customer alleges unsuitable investment recommendations and misrepresentations involving options trading.
  • The customer alleged unsuitable investment recommendations and misrepresentations in connection with a managed/wrap account.
  • The customer alleged unsuitable trading regarding the use of margin.
  • The customer alleged unsuitable investment recommendations and misrepresentation regarding the risks and liquidity of hedge funds.
  • The client alleged that the financial advisor failed to follow his instructions and made unsuitable investments.
  • The customer alleged that the financial advisor made unsuitable recommendations to purchase the Merrill Lynch Focus 20 Fund.

Patrick Dwyer Red Flags & Your Rights as An Investor

Of course, Patrick Dwyer 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 Patrick Dwyer at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Patrick Dwyer has engaged in any stockbroker misconduct that may have caused them investment losses.

A large number of customer complaints at Merrill Lynch, Pierce, Fenner & Smith Incorporated about Patrick Dwyer also raises questions about its 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 Incorporated

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