Reginald Rasmussen Involved In Merrill Lynch Investor Dispute About Excessive Trading

Investors potentially incurred losses because of securities broker Reginald Arthur Rasmussen (also known as Reggie Rasmussen) [CRD: 3078635, Saint Paul, Minnesota], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Rasmussen worked for Merrill Lynch Pierce Fenner Smith Incorporated from August 12, 1998, to September 13, 2023. Investors should review the information below to learn more about Rasmussen’s disclosures.

Merrill Lynch Investor Accused Reggie Rasmussen Of Excessive Trading

Specifically, on December 15, 2025, a Merrill Lynch client filed FINRA Arbitration No. 25-02764 about Reginald Rasmussen. Mainly, the client alleged that Rasmussen engaged in excessive trading and unsuitable trading. For this reason, the client allegedly incurred damages. As a result, the client requested $500,000 in compensation from Merrill Lynch or Rasmussen. This arbitration is pending a resolution.

Reginald Rasmussen Disclosed Unsuitable Recommendations Allegations By Merrill Lynch Client

Notably, a client of Merrill Lynch disputed Reginald Rasmussen’s sales practices, according to a complaint dated July 10, 2024. Allegedly, Rasmussen made unsuitable recommendations. It appears that Rasmussen allegedly caused the client to sustain damages. Therefore, the client sought compensation from Merrill Lynch or Rasmussen in this matter. However, the client withdrew this complaint.

Merrill Lynch Investor Accused Reggie Rasmussen Of Unsuitable Advice

Also, a Merrill Lynch client filed FINRA Arbitration No. 05-04665 about Reginald Rasmussen. Primarily, the client alleged that Rasmussen gave unsuitable advice. Because of this, the client allegedly sustained damages related to mutual funds. Consequently, on December 11, 2006, Merrill Lynch settled this matter by paying the client $50,000 in damages.

Did You Sustain Losses Because Of Securities Broker / Financial Advisor Reginald Rasmussen?

Do you need clarification on any investment losses relating to Reginald Rasmussen? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the United States. Also, our securities attorneys work on a contingency fee arrangement and advance all costs. Rasmussen and brokerage firms Rasmussen worked for deny allegations of sales practice violations.