Investors potentially experienced sales practice violations by securities broker Nicholas A. Peterson [CRD: 5985784, Annapolis, Maryland], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Peterson has worked for Merrill Lynch as a securities broker since November 4, 2011, and as a financial advisor since November 30, 2011. Investors should review the information below to learn more about Peterson’s disclosures and what they may mean for investors.
Merrill Lynch Investor Accused Peterson Of Unsuitable Recommendations
Evidently, a Merrill Lynch client filed FINRA Arbitration No. 24-01889 about Nicholas Peterson. Primarily, the client alleged damages tied to variable annuities and claimed that Peterson made unsuitable recommendations. As a result, on September 6, 2025, Merrill Lynch settled this matter by paying the client $60,000 in damages.
Nicholas Peterson Accused Of Failure To Act In Best Interest Of Merrill Lynch Client
Specifically, a client of Merrill Lynch contested Nicholas Peterson’s sales practices, according to a complaint dated April 22, 2024. Allegedly, Peterson was not acting in the client’s best interest regarding variable annuities. Therefore, the client sought compensation from Merrill Lynch or Peterson in this matter. However, the firm denied this complaint.
Have You Made Investments Through Financial Advisor / Securities Broker Peterson?
Do you have concerns or questions regarding investments you made with Nicholas Peterson? You can contact Soreide Law Group online or at (888) 760-6552 and speak with a securities lawyer about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, our securities lawyers represent investors on a contingency fee basis and advance all costs. Peterson and brokerage firms Peterson worked for deny allegations of sales practice violations.
