Merrill Lynch Terminates James Naify

Soreide Law Group is investigating possible investor claims against securities broker James Charles Naify (CRD: 2316318, Beverly Hills, California). Evidently, Merrill Lynch Pierce Fenner Smith Incorporated terminated the securities broker for cause. Also, a UBS Financial Services Inc. investor complained about him. Here is a brief summary of the allegations against Naify.

Merrill Lynch Pierce Fenner Smith Incorporated Disaffiliates With Naify

Evidently, on June 28, 2021, Merrill Lynch Pierce Fenner Smith Incorporated disaffiliated with Naify. Particularly, Merrill Lynch Pierce Fenner Smith Incorporated alleged that Naify engaged in private investment arrangements with clients of the firm.

UBS Financial Services Inc. Investor Accused James Naify Of Breach Of Fiduciary Duty

Also, on October 21, 2008, a UBS Financial Services Inc. client filed a complaint about James Naify. Namely, the client alleged that Naify breached a fiduciary duty and was negligent. Because of this, the client allegedly sustained damages on corporate bonds. Therefore, the client requested compensation from UBS Financial Services Inc. or Naify. Evidently, this complaint is denied.

Naify Employment Information

• Naify worked for Merrill Lynch Pierce Fenner Smith Incorporated in Beverly Hills, California as a securities broker from September 7, 2012, to July 28, 2021.

Damages Resulting From Merrill Lynch Pierce Fenner Smith Incorporated Securities Broker Naify?

Have you incurred damages by investing with James Naify? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your losses. Soreide Law Group, who has successfully recovered money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances all costs. Naify and investment firms Naify worked for deny any allegations of sales practice violations.