Investors might have sustained losses due to securities broker Richard Stephen Pluta [CRD: 1232948, Greenwich, Connecticut], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Pluta has been registered with Merrill Lynch since January 26, 1984, and has been registered as a financial advisor with the same firm since October 22, 1990. See the following information to discover more about Pluta’s disclosures.
Merrill Lynch Investor Accused Pluta Of Failure To Follow Instructions
Evidently, on November 24, 2025, a Merrill Lynch client filed FINRA Arbitration No. 25-02451 about Richard Pluta. Mainly, the client alleged that Pluta failed to follow instructions. For this reason, the client allegedly incurred damages. Consequently, the client requested $428,000 in compensation from Merrill Lynch or Pluta. BrokerCheck shows that this arbitration is ongoing.
Richard Pluta Disclosed Unsuitable Recommendations, Misrepresentation Allegations By Merrill Lynch Client
Particularly, a client of Merrill Lynch disputed Richard Pluta’s sales practices, according to a complaint dated April 2, 2009. Allegedly, Pluta made unsuitable recommendations and made misrepresentations. It appears that Pluta allegedly caused the client to sustain damages linked to stocks. As a result, the client sought compensation from Merrill Lynch or Pluta in the amount of $84,621 in this matter. However, the firm denied this complaint.
Merrill Lynch Investor Accused Pluta Of Unauthorized Trading
Specifically, on November 6, 2003, a Merrill Lynch client filed a complaint about Richard Pluta. Primarily, the client alleged that Pluta engaged in unauthorized trading. Because of this, the client allegedly incurred damages connected to mutual funds. Therefore, the client requested $42,996.65 in compensation from Merrill Lynch or Pluta. However, this complaint closed without a resolution.
Were You Impacted By Financial Advisor / Securities Broker Richard Pluta?
Do you have concerns or questions regarding investments you made with Richard Pluta? You can contact Soreide Law Group at (888) 760-6552 or online and talk to a securities attorney regarding a potential 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. Pluta and brokerage firms Pluta worked for deny allegations of sales practice violations.
