DID MARY M MCDOUGALL CAUSE YOU INVESTMENT LOSSES?
Mary McDougall Of Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 4 Customer Complaints For Alleged Broker Misconduct
About Mary McDougall of Merrill Lynch, Pierce, Fenner & Smith Incorporated?
Mary McDougall (CRD #1033553) is currently employed as a registered broker and an investment advisor by Merrill Lynch, Pierce, Fenner & Smith Incorporated in Saint Paul, Minnesota since January 1982 and January 2001 respectively. Over her extensive career, she has demonstrated a robust presence in the securities industry, reflected in her registrations with 7 self-regulatory organizations (SROs) and licensures across 40 U.S. states and territories. McDougall has successfully passed 3 general industry/product exams and 2 multi-state securities law exams, indicating a broad and deep understanding of securities regulations and practices. Notably, she has not held any principal or supervisory exam qualifications.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Mary McDougall Customer Complaints and Reviews
Mary M. McDougall’s BrokerCheck report lists a total of 4 customer disputes. Here’s a breakdown of these disputes:
- Finalized Customer Disputes:
- Dispute 1: Allegations of unsuitability regarding managed/wrap accounts between May and December 2023 with claimed damages of $166,000. This complaint was denied on 08/01/2024.
- Dispute 2: Allegations related to misrepresentations concerning an investment in Giant Resources Ltd., Australia in 1998, with claimed damages of $5,002.35. The complaint was denied on 11/13/2002 after a broker review found the customer was informed correctly.
- Pending Customer Disputes:
- Dispute 3: Allegations of unsuitable and unauthorized investments, failure to act in the customers’ best interest, and omission of material facts from May 2023 to March 2024 with claimed damages of $350,000. This complaint is currently pending.
- Dispute 4: Allegations of unsuitable investment recommendations from September 2021 to January 2024. The exact amount of claimed damages is unspecified, and this complaint remains pending.
Allegations Against Mary McDougall
- Allegations in Customer Disputes:
- Allegation of failure to consider suitability from May to December 2023 resulting in denied claims.
- Misrepresentation of involvement in Giant Resources Ltd., Australia in 1998, which was denied after review.
- Unsuitable and unauthorized investments and failure to act in the best interest of the customer from May 2023 to March 2024; this is still under review.
- Allegations of unsuitable investment recommendations spanning from September 2021 to January 2024; resolution of this complaint is still pending.
Mary McDougall Red Flags & Your Rights As An Investor
Of course, Mary McDougall 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 Mary McDougall at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Mary McDougall 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 Mary McDougall
If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Mary McDougall 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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