National investment loss lawyers KlaymanToskes is investigating broker Mary McDougall of Merrill Lynch (CRD #1033553).
According to FINRA BrokerCheck, broker Mary McDougall is currently facing an investor dispute alleging that she recommended unsuitable investments, executed unauthorized transactions, failed to act in the best interest of the customer, and omitted material facts. The investor is seeking $350,000 in damages. A second customer complaint also alleges unsuitable investment recommendations.
Investors that suffered losses with broker Mary McDougall are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Mary McDougal, a broker working with Merrill Lynch, Pierce, Fenner & Smith, is currently facing several customer complaints alleging unsuitable investment recommendations. Both complaints were reportedly filed in July 2024. One of the customer complaints alleges $350,000 in damages due to unsuitable and unauthorized investments, failure to act in the customer’s best interest and omission of material facts. A second complaint alleges unsuitable recommendations.
According to FINRA Rule 2111, brokers must make sure their investment advice fits the specific needs of their customers. This includes considering factors like age, risk tolerance, how long they plan to invest, investing experience, tax status, and financial goals.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Mary McDougall. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Mary McDougall, or have concerns regarding your investment portfolio at Merrill Lynch, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.