Heather Weber Involved In Misrepresentation Disputes

Merrill Lynch's Heather Weber Allegedly Sold Unsuitable, Misrepresented Investments

Soreide Law Group is reviewing possible investor claims against Heather Peterson Weber (CRD#: 2911524, Clearwater, Florida). Evidently, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck shows that the securities broker, who joined Merrill Lynch in 2006, is involved in 10 investor disputes. Overall, these lawsuits seem to suggest that Peterson gave bad advice and was responsible for causing her clients to experience losses. Here’s what investors had to say.

Merrill Lynch Client Indicates That Heather Weber Provided Bad Advice

Evidently, a client of Merrill Lynch filed FINRA Arbitration Claim #: 19-02789 on September 16, 2019. It appears that Heather Weber recommended unsuitable stock and options transactions to the client. Not only that, but it seems that Weber misrepresented information relating to her trading in the client’s account. For this reason, the client demanded $350,000 in damages to resolve this ongoing matter.

Client Of Merrill Lynch Suggests That Weber Made Misrepresentations

Apparently, a second Merrill Lynch client filed FINRA Arbitration Claim #: 17-00613 on May 1, 2017. It appears that Heather Weber did not disclose important facts relating to investments which the client purchased and held for over two years. Also, the client suggested that the securities broker provided unsuitable advice about options. Perhaps Weber failed to consider the client’s risk tolerance, objectives or other aspect of suitability when making recommendations. Ultimately, Merrill Lynch opted to pay the client $92,500 to resolve the matter.

Merill Lynch Settles Client Dispute About Heather Weber’s Alleged Omissions

Also, a client of Merrill Lynch contested Heather Weber’s sales practices in FINRA Arbitration Claim #: 16-01835. It seems that this client received poor advice from Weber just like other clients did. However, this client also suggested that Weber concealed or omitted important facts about investing in options. Moreover, Weber supposedly misstated information or possibly misled the client about options transactions. Evidently, in 2017, Merrill Lynch made a $265,000 payment to the client in order to settle this matter.

Did Merrill Lynch Securities Broker Heather Weber Sell You Bad Investments?

Have you experienced losses by investing with Merrill Lynch securities broker Heather Weber, who also goes by Adrienne Weber? If you have, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a potential recovery of your investment losses. Soreide Law Group provides representation to clients on a contingency fee basis and advances costs. The law firm has recovered millions of dollars for clients who have experienced losses due to misconduct of securities firms and brokers like Weber.