Kevin Dery Facing Merrill Lynch Investor Arbitration Claims Concerning Misrepresentation

Investors apparently complained about securities broker Kevin Michael Dery [CRD: 2807430, Fort Lauderdale, Florida], according to publicly available information on FINRA BrokerCheck. Evidently, Dery has been registered with Wells Fargo Advisors Financial Network LLC and Wells Fargo Advisors since March 3, 2022, both located in Fort Lauderdale, Florida. Previously, Dery worked for Merrill Lynch in Plantation, Florida, from May 21, 2010, to March 4, 2022. Read below for details about the disclosures involving Dery.

Merrill Lynch Investor Accused Dery Of Unsuitable Advice

Specifically, a Merrill Lynch client filed FINRA Arbitration No. 23-03625 about Kevin Dery. Primarily, the client alleged that Dery made misrepresentations of material fact and made unsuitable recommendations. Because of this, the client allegedly sustained damages associated with mutual funds. Therefore, on June 14, 2024, Merrill Lynch settled this matter by paying the client $17,500 in damages.

Kevin Dery Disclosed Unsuitable Recommendations Allegations By Merrill Lynch Client

Notably, a client of Merrill Lynch contested Kevin Dery’s sales practices by filing FINRA Arbitration No. 23-03632. Allegedly, Dery made misrepresentations of material fact and made unsuitable recommendations in mutual funds. As a result, Merrill Lynch opted to settle the matter on June 14, 2024, by compensating the client in the amount of $12,500.

Fidelity Brokerage Services LLC Investor Accused Dery Of Misrepresentation

Evidently, a client filed NASD Arbitration No. 04-8201 about Kevin Dery. Mainly, the client alleged that Dery made misrepresentations of material fact regarding the timing of securities sales from the client’s account. For this reason, the client allegedly incurred damages linked to stocks. Consequently, on January 28, 2005, Fidelity Brokerage Services LLC settled this matter by paying the client $6,000 in damages.

Have You Made Investments Through Financial Advisor / Securities Broker Kevin Dery?

Are you concerned regarding investments you made with Kevin Dery? Contact Soreide Law Group at (888) 760-6552 or online and consult with a securities lawyer about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm works on a contingency fee arrangement and advances all costs. Dery and brokerage firms Dery worked for deny accusations of sales practice violations.