Andrew Raskin Involved In Investor Disputes

Soreide Law Group is investigating potential claims on behalf of investors who may have incurred losses through dealings with securities broker Andrew Raskin (CRD: 4701782, Palm Beach Gardens, Florida). Evidently, Andrew Raskin worked as a financial advisor and broker with Merrill Lynch from August 2, 2016, to December 13, 2022. He works for LPL Financial, LLC currently. Notably, UBS investors and Merrill Lynch investors raised various complaints about Raskin. Here's more.

Merrill Lynch Investors Accuse Raskin Of Unsuitable Advice On Loan Management Account

A client of Merrill Lynch, Pierce, Fenner & Smith Incorporated filed FINRA Arbitration: 21-01457 about Andrew Raskin. The client claimed that Raskin provided unsuitable advice regarding a loan management account in February of 2020. Due to this advice, the client reportedly experienced damages. The case was ultimately settled by Merrill Lynch on October 15, 2021, with the client receiving $32,500 in damages. Andrew Raskin did not contribute to the settlement amount and denied any allegations of wrongdoing.

UBS Financial Services Inc. Client Alleges Andrew Raskin Misrepresented Structured Product Investment

According to a complaint received on June 7, 2011, a client of UBS Financial Services Inc. disputed Andrew Raskin's sales practices. Specifically, the client alleged that Raskin represented a structured product investment as entirely principal-safe with no risk, from November 27, 2007, to June 7, 2011. The complaint led to a settlement on November 30, 2011, with the client receiving $63,249.30. Andrew Raskin did not contribute to the settlement.

Chase Investment Services Corp. Client Alleges Misrepresentation By Raskin Over Variable Annuity Investment

A client complaint received on October 19, 2011, implicated Andrew Raskin, then with Chase Investment Services Corp., for alleged misrepresentation concerning a variable annuity investment. The client claimed damages of $17,000 due to these allegations. However, this complaint was ultimately denied, and no settlement amount was paid out.

Andrew Raskin Discloses Auction Rate Securities Allegations By UBS Financial Services Inc. Client

A UBS Financial Services Inc. client filed a complaint on April 17, 2008, about Andrew Raskin concerning the sale of Auction Rate Securities (ARS). The complaint was related to the illiquidity in the ARS market that occurred in February 2008. Evidently, the matter was resolved in 2008, with a settlement amount of $400,000. This settlement was part of a global repurchase agreement entered into by UBS Financial Services Inc. with several regulatory bodies. Andrew Raskin did not contribute to the settlement amount.

Speak With Soreide Law Group About Your Potential Damages

Did you experience losses because of Andrew Raskin? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered funds for investors throughout the United States, works on a contingency fee basis, and advances all costs. Raskin and the brokerage firms he worked for deny accusations of sales practice violations.