National investment fraud lawyers KlaymanToskes is currently representing customers of Adam Jesse Gurien (CRD# 2302341) in a FINRA arbitration claim to recover $650,000 in investment losses due to alleged violations of the SEC’s Regulation Best Interest (“Reg BI”) and FINRA Rule 2111 (Suitability).
Adam Jesse Gurien (CRD# 2302341) has been registered with Merrill Lynch since 2011 in Palm Beach Gardens, FL. If you suffered losses with Adam Gurien and/or Merrill Lynch, contact our firm today to learn about potential recovery options at (888) 997-9956 or lklayman@klaymantoskes.com.
According to FINRA Brokercheck, the Merrill Lynch broker and investment advisor has been named in five investor complaints, alleging a collective total of nearly $1 million in damages to customers. The most recent complaint (Case No. 22-02215), filed by KlaymanToskes on the behalf of a retired elderly couple in September 2022, is pending in FINRA arbitration with allegations that Gurien did not act in the couple’s best interest and made unsuitable investment recommendations.
The investors allege $650,000 in damages to their Merrill Lynch accounts and further allege that they went to Merrill Lynch to implement a conservative retirement portfolio and instead were recommended an aggressive, speculative portfolio with over 43 percent in alternative investments, which they had no prior experience investing in.
If you have suffered investment losses with Adam Jesse Gurien and/or have information regarding the way your account was handled at Merrill Lynch’s Palm Beach Gardens, FL branch, you are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lklayman@klaymantoskes.com to discuss recovery options.
According to FINRA’s (Financial Industry Regulatory Authority) SEC Regulation Best Interest (Reg BI), under the securities exchange act of 1934, a “best interest” standard of conduct is established for brokers and brokerage firms making recommendations of securities investments and investment strategies to their clients.
FINRA-regulated brokers and brokerage firms have a responsibility to make recommendations with their client’s best interest in mind, based upon the client’s personal needs and preferences. When brokers and brokerage firms fail to act in the best interest of their clients, they are violating securities laws. Investors that suffer investment losses as a result of this violation may hold their broker and brokerage firm responsible through FINRA arbitration.
If you believe your advisor did not act in your best interest when managing your brokerage account, contact KlaymanToskes for a free, confidential consultation at 888-997-9956 or through our website, www.klaymantoskes.com.
The following is a list of brokers and investment advisors currently registered with Merrill Lynch in Palm Beach Gardens, FL that have public disclosures according to their linked FINRA Brokercheck reports.
KlaymanToskes encourages investors who did business with Adam Jesse Gurien, the Palm Beach Gardens, FL branch of Merrill Lynch, and/or any of the brokers listed above to review their portfolios for investment losses.
Investors that suffered significant losses should contact attorney Lawrence L. Klayman, Esq., at 888-997-9956, or lklayman@klaymantoskes.com to discuss their recovery options.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com