Broker Sonia Balfour-Fears Involved in Merrill Lynch Investor Dispute

The Financial Industry Regulatory Authority (FINRA) BrokerCheck contains new disclosures on securities broker Sonia Balfour-Fears (CRD#: 5864524, Atlanta, Georgia). Evidently, Balfour-Fears worked as a securities broker and financial advisor with Merrill Lynch Pierce Fenner Smith from 2011 to January 2021. She joined Morgan Stanley in January 2021 in those advisor and broker capacities. Notably, two Merrill Lynch investors filed disputes alleging sales practice violations by Balfour-Fears. Here’s more on these disclosures.

Merrill Lynch Client Alleges Misrepresentation, Excessive Trading

Evidently, a client of Merrill Lynch brought a FINRA Arbitration Claim in April 2021 in regard to Balfour-Fears. Supposedly, Balfour-Fears made unsuitable recommendations to the client from 2016 to 2020. Additionally, during that time, Balfour-Fears supposedly misrepresented information regarding the client’s cash management account or loan management account. Moreover, the client contends that Balfour-Fears engaged in excessive trading, which resulted in damages. For this reason, the client seeks relief in this ongoing matter.

Balfour-Fears Purportedly Makes Unsuitable Recommendation To Merrill Lynch Client

In addition, in January 2019, a client of Merrill Lynch disputed Balfour-Fears’ sales practices. Supposedly, from June 2018 to September 2018, Balfour-Fears provided the client with unsuitable advice. Not only that, but the client alleges that Balfour-Fears failed to follow instructions. However, Merrill Lynch denied this dispute about the securities broker.

Did You Sustain Damages By Investing Through Balfour-Fears?

Did securities broker Balfour-Fears (AKA Sonia Delores Balfour and Sonia Delores Fears) cause you to experience losses? If so, call Soreide Law Group at (888) 760-6552 and speak with a helpful securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered meaningful compensation for United States investors who incurred losses from their financial advisors and securities brokers. Please note that Balfour-Fears denies all allegations of sales practice violations.

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