DID Chad Zawacki CAUSE YOU INVESTMENT LOSSES?
Chad Zawacki Of Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 2 Customer Complaints For Alleged Broker Misconduct
About Chad Zawacki of Merrill Lynch, Pierce, Fenner & Smith Incorporated?
Chad Zawacki (CRD #2996799) is a financial professional currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Saint Paul, Minnesota as a financial advisor and a registered broker. He has been with Merrill Lynch since February 20, 1998. Throughout his career, Zawacki has passed two principal/supervisory exams, three general industry/product exams, and two multi-state securities law exams, demonstrating a broad and robust understanding of the securities industry. He is licensed in 53 U.S. states and territories and is registered with 7 self-regulatory organizations (SROs). His prior experience includes brief registrations with Ascend Financial Services, Inc., and C.R.I. Securities, Inc. in early 1998.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Chad Zawacki Customer Complaints and Reviews
Chad C. Zawacki has two customer disputes reported:
- Customer Dispute 1 (Denied): Filed on June 19, 2024, the client and their attorney alleged that Zawacki failed to consider suitability in the management of their wrap accounts between May 2023 and December 2023, claiming damages of $166,000. The firm reviewed the complaint and denied it on August 1, 2024, with no settlement or action taken against Zawacki.
- Customer Dispute 2 (Pending): On July 10, 2024, another client, along with their attorney, filed a complaint alleging unsuitable and unauthorized investments, failure to act in the client’s best interest, and omission of material facts from May 2023 to March 2024. The dispute, which involves claimed damages of $350,000, is currently pending.
Allegations Against Chad Zawacki
- Denied Dispute:
- Allegation: The client alleged that Zawacki did not consider the suitability of investments in their managed/wrap accounts, leading to financial losses.
- Outcome: The firm denied the complaint after reviewing the details and found no evidence to support the allegations.
- Pending Dispute:
- Allegation: The client accuses Zawacki of making unsuitable and unauthorized investments, failing to act in the client’s best interest, and omitting material facts during the management of their accounts.
- Outcome: The case is currently pending, with the potential damage claimed at $350,000.
Chad Zawacki Red Flags & Your Rights As An Investor
Of course, Chad Zawacki 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 Chad Zawacki at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Chad Zawacki 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 the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Merrill Lynch, Pierce, Fenner & Smith Incorporated Due To Chad Zawacki
If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Chad Zawacki 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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