DID PATRICK CROWLEY CAUSE YOU INVESTMENT LOSSES?
Patrick Crowley was fired from Merrill Lynch, Pierce, Fenner & Smith Incorporated on October 15 2024, for failing to adhere to policy standards and using a personal device for business purposes.
Who is Patrick Crowley formerly with Merrill Lynch, Pierce, Fenner & Smith Incorporated?
Patrick Crowley (CRD #4977791) who was formerly registered as a broker with Merrill Lynch, Pierce, Fenner & Smith Incorporated and located in Chicago, Illinois, is a subject of one of our many securities industry sales practice abuse investigations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Patrick Crowley Employment History and Termination
Patrick Crowley has had an extensive career in the securities industry, having worked as a registered broker with three firms: Merrill Lynch, Pierce, Fenner & Smith Incorporated (2013–2024), Morgan Stanley (2009–2013), and Citigroup Global Markets Inc. (2006–2009).
He passed three general industry exams and one multi-state securities law exam but holds no supervisory or principal licenses.
Mr. Crowley was terminated by Merrill Lynch on October 15, 2024, due to policy violations related to Know Your Customer (KYC) compliance: not adhering to KYC standards for one customer and for using a personal device for business purposes.
Additionally, he has a history of one settled customer dispute involving a failure to follow client instructions, which resulted in a settlement of $61,736.40. Crowley is no longer registered with any securities firm.
Negative Disclosures Summary
Two incidents were noted:
- Employment Termination
- Date: October 15, 2024
- Employer: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Reason: Discharged for failing to comply with KYC standards and using a personal device for business purposes.
- Customer Dispute
- Date Received: May 11, 2022
- Complaint: Failure to follow client instructions related to an OTC equity transaction on March 30, 2016.
- Status: Settled on September 14, 2022.
- Settlement Amount: $61,736.40
Allegations and Accusations
Patrick Crowley’s disclosures include one employment termination and one settled customer dispute.
- Termination 2024:
- Specific allegations related to the termination include KYC policy violations and improper use of personal devices.
- The customer dispute 2022:
- Pertained to a failure to follow client instructions and resulted in a monetary settlement.
Patrick Crowley Red Flags & Your Rights As An Investor
Regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint was filed, the termination of Patrick Crowley is a red flag which should put all current and former customers of Patrick Crowley at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Patrick Crowley 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 firm’s 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 Patrick Crowley
If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Patrick Crowley 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.
Rate this Post
Loading...