Investors Complain About Alexander Batt

Soreide Law Group is investigating possible investor claims against securities broker Alexander Steven Batt [CRD#: 2967019, Vero Beach, Florida]. Specifically, FINRA BrokerCheck discloses that investors disputed the sales practices of the securities broker. Evidently, he worked for Merrill Lynch Pierce Fenner Smith Incorporated. Supposedly, one or more clients allege sales practice violations in these disputes. Here is a brief summary of the disclosures about Batt. However, please note that the securities broker denies the allegations.

Merrill Lynch Pierce Fenner Smith Incorporated Client Accuses Alexander Batt Of Unauthorized Trading

Evidently, a client of Merrill Lynch Pierce Fenner Smith Incorporated contested Alexander Batt's sales practices. They brought the complaint dated January 21, 2020. Notably, accusations against the securities broker include unauthorized trading and unauthentic signatures. Allegedly, the private equity funds that Batt sold or recommended resulted in damages. Therefore, Merrill Lynch Pierce Fenner Smith Incorporated opted to settle the matter on January 21, 2020, by compensating the client in the amount of $51,678.

Batt Allegedly Makes Unsuitable Recommendations To Merrill Lynch Pierce Fenner Smith Incorporated Client

Also, a client of Merrill Lynch Pierce Fenner Smith Incorporated contested Alexander Batt's sales practices by filing FINRA Arbitration #: 16-00975 on April 20, 2016. Notably, accusations against the securities broker include misrepresentations, omissions, and unsuitable recommendations. Allegedly, the stocks that Batt sold or recommended resulted in damages. Therefore, Merrill Lynch Pierce Fenner Smith Incorporated opted to settle the matter on December 12, 2016, by compensating the client in the amount of $55,000.

Did Merrill Lynch Pierce Fenner Smith Incorporated Securities Broker Alexander Batt Cause You To Experience Damages?

Have you experienced damages by investing with Alexander Batt? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Please keep in mind that Batt and the brokerage firms Batt has associated with deny any and all allegations of sales practice violations.