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Paul Akre Formerly with Merrill Lynch Pierce Fenner Smith Has 2 Customer Complaints for Alleged Broker Misconduct

Who is Paul Akre formerly with Merrill Lynch Pierce Fenner Smith?

Paul Akre (CRD #1068145) who was formerly registered with Merrill Lynch Pierce Fenner Smith and located in Waukesha, Wisconsin is a subject of one of our many securities industry sales practice abuse investigations.

Paul Akre was also the subject of a FINRA investigation concerning allegations that he loaned money to clients and was involved in an undisclosed, unapproved outside business activity.  The investigation concluded with Paul Akre consenting to a four-month suspension and a $15,000 fine. 

Paul Akre Customer Complaint

Paul Akre has been the subject of 2 customer complaints that we know about, one of which was filed in the last year to recover investment losses. One of Paul Akre’s customers’ complaints was denied and the customers did not take any further action.

The customer complaint filed against Paul Akre’s former employer Wells Fargo Advisors for investment losses caused by the alleged misconduct is pending as of the date of this report.

Allegations Against Paul Akre

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

  • Claimants allege Paul Akre sold them private securities that were unsuitable investments.
  • Customer questions the appropriateness of the stock recommendations by Paul Akre at Merrill Lynch.

Paul Akre Red Flags & Your Rights as an Investor

Of course, Paul Akre 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 that should put all current and former customers of Paul Akre at Merrill Lynch Pierce Fenner Smith on alert to review carefully the activity and performance of their accounts and question whether Paul Akre 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 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.

File A Claim to Recover Your Investment Losses at Merrill Lynch Pierce Fenner Smith Due to Paul Akre

If you have questions about Merrill Lynch Pierce Fenner Smith, and/or Paul Akre 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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