DID RICHARD SICA CAUSE YOU INVESTMENT LOSSES?
Richard Sica with Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 2 Customer Complaints For Alleged Broker Misconduct In the Past Year
Who is Richard Sica with Merrill Lynch, Pierce, Fenner & Smith Incorporated?
Richard Sica (CRD #1756940) who is currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated and located in Ridgefield, Connecticut is a subject of one of our many securities industry sales practice abuse investigations. Prior to Merrill Lynch, Pierce, Fenner & Smith Incorporated, Richard Sica was associated with 5 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker Misconduct
In his career, Richard Sica has been the subject of 4 customer complaints that we know about, 2 of those complaints were filed in the last year to recover investment losses. All of Richard Sica’s 4 customer complaints were settled in favor of investors.
Allegations Against Richard Sica
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- Customer alleges failure to follow instructions to liquidate account in March 2020.
- Customer alleges failure to follow instructions with respect to mutual fund sell order transactions.
- Customer alleges that Richard Sica purchase a number of shares of a particular stock in excess of what would have been authorized.
- Customer alleged failure to properly discount commissions on certain transactions.
Richard Sica Red Flags & Your Rights As An Investor
Of course, Richard Sica did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Richard Sica at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Richard Sica has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Merrill Lynch, Pierce, Fenner & Smith Incorporated also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Merrill Lynch, Pierce, Fenner & Smith Incorporated
If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Richard Sica and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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