DID PEDRO M SUAU-SANCHIDRIAN CAUSE YOU INVESTMENT LOSSES?
Pedro Suau-Sanchidrian Of Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 3 Customer Complaints For Alleged Broker Misconduct
About Pedro Suau-Sanchidrian Merrill Lynch, Pierce, Fenner & Smith Incorporated?
Pedro Suau-Sanchidrian (CRD #2765419) boasts a comprehensive career in the securities industry, primarily anchored at Merrill Lynch, Pierce, Fenner & Smith Incorporated since June 26, 2009. Suau-Sanchidrian’s professional credentials span multiple self-regulatory organizations (9 SROs) and seven U.S. states and territories, reflecting a broad operational scope. His examination portfolio includes passing two general industry/product exams and two multi-state securities law exams. Prior to his current engagement, he was associated with Popular Securities, Inc. from March 2003 to June 2009, and Morgan Stanley DW Inc. from September 1996 to March 2003. His career is marked by an extensive registration history, signifying a robust understanding and compliance within the industry’s regulatory framework.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Pedro Suau-Sanchidrian Customer Complaints and Reviews
Pedro M. Suau-Sanchidrian’s FINRA report indicates three customer disputes, none of which are currently active. The specifics of these disputes include:
- Settled Dispute (2017): Customers alleged unsuitable investment recommendations and misrepresentation related to debt-municipal and closed-end funds, leading to a $90,000 settlement by the firm; Suau-Sanchidrian did not contribute to the settlement and denied the allegations.
- Denied Dispute (2023): A client claimed unsuitable investment recommendations spanning from 2011 to 2023; however, this complaint was denied in June 2023, with no damages specified.
- Denied Dispute (2007): A client alleged losses due to sell transactions that he claimed could have been avoided; the firm responded by denying the allegations, and the complaint was closed with no action taken.
Allegations Against Pedro Suau-Sanchidrian
The allegations and accusations in the disclosure events involving Pedro M. Suau-Sanchidrian are as follows:
- Unsuitable Investment Recommendations: This is a recurring theme in the disputes, where clients have alleged that the investments recommended by Suau-Sanchidrian were not suitable for their financial situations.
- Misrepresentation and Omission of Material Facts: In one instance, it was alleged that Suau-Sanchidrian misrepresented or omitted important information regarding the investments, leading to financial losses.
- Failure to Avoid Losses: In another dispute, a client claimed that losses in his account could have been avoided if different investment decisions had been made, suggesting negligence or lack of diligence in managing the account.
Pedro Suau-Sanchidrian Red Flags & Your Rights As An Investor
Of course, Pedro Suau-Sanchidrian 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 Pedro Suau-Sanchidrian at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Pedro Suau-Sanchidrian 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 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 Pedro Suau-Sanchidrian
If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Pedro Suau-Sanchidrian 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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