Stephen Medina Connected To Merrill Lynch Investor Complaint About Misrepresentation

Investors might have sustained losses due to securities broker Stephen Marchelo Medina [CRD: 2614773, Corpus Christi, Texas], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Stephen Medina worked for Merrill Lynch beginning May 16, 1995, as a broker and beginning July 17, 1995, as an investment adviser. Investors should continue reviewing this article to find out more about disclosures involving this securities broker.

Merrill Lynch Investor Accused Medina Of Misrepresentation

Evidently, a Merrill Lynch client filed FINRA Arbitration No. 23-02604 concerning Stephen Medina. Mainly, the client alleged that Medina made unsuitable recommendations and misrepresentations. As a result, the client allegedly experienced damages involving over-the-counter equities and stocks. Therefore, on November 21, 2024, Merrill Lynch resolved this matter by paying the client $300,000 in damages.

Stephen Marcello Medina Disclosed Unsuitable Recommendations Allegations By Merrill Lynch Client

Particularly, a client of Merrill Lynch disputed Medina’s sales practices, according to a complaint dated May 12, 2018. Allegedly, Medina made unsuitable recommendations. It appears that Medina allegedly caused the client to incur damages. As a result, the client sought compensation from Merrill Lynch or Medina in this matter. The complaint was denied on May 15, 2018.

Merrill Lynch Investor Accused Marcello Medina Of Unauthorized Trading

Also, a Merrill Lynch client filed FINRA Arbitration No. 16-02982 about Stephen Marcello Medina. Primarily, the client alleged that Medina made unsuitable recommendations, engaged in unauthorized trading, and made misrepresentations. Because of this, the client allegedly incurred damages connected to master limited partnerships and options. Consequently, on October 20, 2017, Merrill Lynch settled this matter by paying the client $270,000 in damages.

Did You Sustain Losses Because Of Securities Broker Stephen Medina?

Do you have concerns or questions regarding investments you made with Stephen Medina? You can get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm works on a contingency fee arrangement and advances all costs. Medina and brokerage firms Medina worked for deny accusations of sales practice violations.