DID DANIEL R ELLISON CAUSE YOU INVESTMENT LOSSES?

Daniel Ellison Of Merrill Lynch, Pierce, Fenner & Smith Incorporated Has 6 Customer Complaints For Alleged Broker Misconduct

Who is Daniel Ellison of Merrill Lynch, Pierce, Fenner u0026 Smith Incorporated?

Daniel Ellison (CRD #2320115)

Investment Losses? Let’s talk.

or, give us a ring at (833) 300-6983.

Daniel Ellison Customer Complaints and Reviews

There are Six customer disputes noted: three settled disputes, two dismissed or denied disputes and one pending dispute

• Settled Dispute #1
• Complaint: Unsuitable investment recommendations and misrepresentation in debt-government securities (2012-2013).
• Claimed Damages: $300,000.
• Settlement: $165,000.
• Settled Dispute #2
• Complaint: Unsuitable investments and lack of full disclosure regarding mutual funds.
• Claimed Damages: Not specified.
• Settlement: $5,709.
• Settled Dispute #3
• Complaint: Misrepresentation about avoiding contingent deferred sales charges in mutual funds.
• Claimed Damages: $10,861.
• Settlement: $8,713.
• Dismissed/Denied Dispute #1
• Complaint: Misrepresentation and omissions in mutual funds from 2004-2013.
• Outcome: Customer expressed regret for the complaint, and it was denied.
• Dismissed/Denied Dispute #2
• Complaint: Account changes without permission, poor performance, and margin trading concerns.
• Claimed Damages: $401,000.
• Outcome: The case was closed with no action taken.
• Pending Dispute
• Complaint: Failure to act in the best interests of clients in self-directed, non-managed fee-based accounts (2019-2023).
• Claimed Damages: Not specified.
• Status: Currently under arbitration in New York (Case #23-03605).

Allegations Against Daniel Ellison

• Settled Cases:
• Three disputes were resolved through settlements totaling approximately $179,422. Allegations in these cases centered on unsuitable investment recommendations, misrepresentation, and lack of full disclosure, particularly in mutual funds and government securities. Although settlements were reached, Mr. Ellison consistently denied the allegations and noted that settlements were made for business purposes.
• Dismissed Cases:
• Two complaints alleging misrepresentation and improper account handling were either denied or closed without action. One customer withdrew their complaint, indicating no further pursuit of damage.
• Pending Case:
• The most recent complaint involves allegations of failing to act in clients’ best interests over a four-year period. The absence of specified damage leaves the scope of the case unclear. Arbitration is ongoing.

Daniel Ellison Red Flags & Your Rights As An Investor

Of course, Daniel Ellison 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 Daniel Ellison at Merrill Lynch, Pierce, Fenner & Smith Incorporated on alert to review carefully the activity and performance of their accounts and question whether Daniel Ellison 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 (833) 300-6983. 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 (833) 300-6983.

File A Claim To Recover Your Investment Losses At Merrill Lynch, Pierce, Fenner & Smith Incorporated Due To Daniel Ellison

If you have questions about Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Daniel Ellison and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-(833) 300-6983.