Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Chad Christopher Zawacki (CRD: 2996799, Saint Paul, Minnesota). Evidently, Zawacki has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated since February 20, 1998, and holds licenses across multiple U.S. states and territories.
Since February 1998, he has been employed at Merrill Lynch, Pierce, Fenner & Smith Incorporated.
July 10, 2024 - Merrill Lynch Client Files Complaint Alleging Unsuitable and Unauthorized Investments
On July 10, 2024, a client of Merrill Lynch filed a written complaint alleging unsuitable and unauthorized investments, failure to act in the client’s best interest, and omission of material facts. The allegations cover the period from May 2023 to March 2024. The client claimed $350,000 in damages related to managed/wrap accounts handled by Merrill Lynch’s in-house money manager. On August 15, 2024, Merrill Lynch denied the complaint, and no compensation was awarded.
June 19, 2024 - Chad Zawacki's Merrill Lynch Client Files Complaint Alleging Unsuitable Investments
On June 19, 2024, a Merrill Lynch client alleged failure to consider suitability regarding investments made from May 2023 to December 2023. The client requested $166,000 in damages related to managed/wrap accounts. On August 1, 2024, Merrill Lynch denied the claim, and no compensation was awarded.
November 5, 2024 - Two Merrill Lynch Clients File Complaints for Unsuitable Recommendations
On November 5, 2024, attorneys for two separate Merrill Lynch clients filed complaints alleging unsuitable investments, misrepresentation, and failure to act in the clients’ best interests. These allegations pertain to managed/wrap accounts handled between May 2023 and January 2024. Still, Merrill Lynch denied both claims on December 9, 2024, and no compensation was awarded.
If so, reach out to Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. Soreide Law Group represents investors nationwide, handles cases on contingency, advances necessary costs, and works to recover losses caused by sales practice violations, though recovery is not guaranteed. Zawacki and the firms he worked for deny accusations of sales practice violations.