Calvin Heck At Center Of Merrill Lynch Investor’s Misrepresentation Allegations

One or more investors possibly experienced losses because of securities broker Calvin James Heck [CRD: 1025767, Everett, Washington], based on public information found on FINRA BrokerCheck. Evidently, Heck has worked for Wedbush Securities Inc. in Los Angeles, California, since June 27, 2003, and in its Everett, Washington, office since June 11, 2020. Read on to discover more about Heck’s disclosures and what investors have alleged.

Merrill Lynch Investor Accused Heck Of Misrepresentation

Evidently, on April 16, 2025, a Merrill Lynch client filed a complaint about Calvin Heck. Primarily, the client alleged that Heck misrepresented the tax consequences of a life insurance policy. Because of this, the client allegedly sustained damages. For this reason, the client requested compensation from Merrill Lynch or Heck.

Calvin Heck Disclosed Unsuitable Recommendations Allegations By Merrill Lynch Client

Specifically, a client of Merrill Lynch, Pierce, Fenner Smith Inc. disputed Calvin Heck’s sales practices by filing FINRA Arbitration No. 2002-09760. Allegedly, Heck made unsuitable recommendations relating to mutual fund switching. It appears that Heck caused the client to sustain damages. For this reason, Merrill Lynch agreed to settle the matter on February 1, 2002, by paying $31,500.

Have You Made Investments Through Securities Broker Heck?

Do you have concerns or questions regarding investments you made with Calvin Heck? If so, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the country. The firm also works on a contingency fee basis and advances all costs. Heck and brokerage firms Heck worked for deny all allegations of sales practice violations.