DID ROYCE LEE MAKISHIMA CAUSE YOU INVESTMENT LOSSES?
Royce Makishima Formerly With Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 1 Customer Complaint For Alleged Broker Misconduct
About Royce Makishima formerly with Merrill Lynch, Pierce, Fenner & Smith Incorporated?
Royce Makishima (CRD #1309152) , has a history filled with multiple shifts between major firms, which may indicate problems in maintaining stable employment or compliance issues. Previously registered with firms like Merrill Lynch and Citigroup Global Markets, Makishima’s professional journey through the securities industry is now paused as he is not currently registered. His credentials include passing one principal/supervisory exam and four general industry/product exams, along with two state securities law exams, but his inability to sustain registration with a single firm could signal deeper issues.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Royce Makishima Customer Complaints and Reviews
Royce Makishima’s career is overshadowed by troubling customer disputes and termination:
- Stock Transfer Misrepresentation (Closed-No Action, 2023): A customer alleged misrepresentations related to stock transfers into a SEP IRA in 2018, with claimed damages of $60,000.
This complaint, however, was closed without action, which does not entirely clear Makishima’s reputation as it still raises concerns about his transparency and handling of client transactions.
Allegations Against Royce Makishima
The allegations against Royce Makishima include:
- Misrepresentations Related to Stock Transfers: Allegations involved misleading a client about the implications and outcomes of transferring stocks into a retirement account, which can severely impact the client’s investment strategy and tax liabilities.
- Engagement in Improper Customer Referral Activities: This led to his discharge from Merrill Lynch in 2020, pointing to unethical practices that compromised client trust and violated industry standards. Such behavior not only jeopardizes client interests but also indicates a disregard for regulatory compliance and ethical standards within the financial services industry.
Royce Makishima Red Flags & Your Rights As An Investor
Of course, Royce Makishima 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 Royce Makishima at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Royce Makishima 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 Royce Makishima
If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Royce Makishima 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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