Dennis M. Merritt and Wells Fargo Advisors
Have you lost money with financial advisor Dennis Merritt of Clearwater, Florida? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Dennis M. Merritt. FINRA suspended Merritt for four months from the securities industry regarding his sales of investments in SavvyPhone. FINRA alleged that Dennis Merritt sold $115,000 of SavvyPhone investments to three customers and that he did so without permission from his brokerage firm, Wells Fargo Advisors.
Dennis Merritt was a financial advisor and registered representative of Wells Fargo Advisors from June 2009 to May 2013. Merritt was also terminated from Wells Fargo regarding these allegations. Merritt is now registered with J.W. Cole Financial. He has worked in branch offices in Clearwater and Palm Harbor, Florida.
Brokerage firms like Wells Fargo Advisors have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida, and attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Wells Fargo Advisors, LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Ameriprise Financial Services, Raymond James, ProEquities, Securities AmDennisa, National Securities Corp., and many others.
Click to view: Merritt FINRA AWC
Click to view: Merritt BrokerCheck 6.15.16
HAVE YOU LOST MONEY WITH DENNIS MERRITT OR WELLS FARGO ADVISORS?
CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION
Denver Office: (720) 599-3505
Seattle Office: (206) 795-5798