DID Jaime Antonio Rullan CAUSE YOU INVESTMENT LOSSES?
Jaime Rullan Of Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 9 Customer Complaints For Alleged Broker Misconduct
About Jaime Rullan of Merrill Lynch, Pierce, Fenner & Smith Incorporated?
Jaime Rullan (CRD #2923020) is currently employed and registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Guaynabo, Puerto Rico, since March 15, 2013. He has also been registered as an investment adviser with the same firm since August 3, 2009. Previously, Rullan was associated with UBS Financial Services from May 2002 to August 2009 and Morgan Stanley from August 1997 to May 2002. He is registered in 16 U.S. states and territories and with 7 Self-Regulatory Organizations (SROs). Rullan has passed two general industry/product exams and two multi-state securities law exams.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Jaime Rullan Customer Complaints and Reviews
Jaime A. Rullan has several disclosed events, primarily customer disputes:
- Total Customer Disputes: 9
- Settled Disputes: 8, with settlements including:
- Allegations of unsuitable investment recommendations from 2009 to 2015 settled in May 2020 for $25,000.
- Complaints from 2006 to 2018 settled in March 2021, alleging unsuitable investment recommendations with a settlement of $25,000.
- Claims of unsuitable investment recommendations and misrepresentations settled in May 2020 for $22,000.
- Allegations from 2010 to 2016 regarding unsuitable investment recommendations, unauthorized trading, and misrepresentations settled in February 2020 for $25,717.24.
- Pending Disputes: 1, involving alleged unsuitable investment strategies and misrepresentations related to closed-end funds, with unspecified damages, filed in May 2024.
Allegations Against Jaime Rullan
- Unsuitable Investment Recommendations: Recurring allegations across multiple disputes that the investment strategies and products recommended did not align with the clients’ financial situations and objectives.
- Misrepresentation and Omission of Material Facts: Several disputes include claims that Rullan failed to adequately disclose important information or misrepresented the nature of the investments, leading to unexpected risks or losses for the clients.
- Unauthorized Trading: In one instance, Rullan was accused of executing transactions without the proper authorization from the client, which is a significant breach of broker-client trust.
Jaime Rullan Red Flags & Your Rights As An Investor
Of course, Jaime Rullan 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 Jaime Rullan at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Jaime Rullan 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 Jaime Rullan
If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Jaime Rullan 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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