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.
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.
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.
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.
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.
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