$2.3 Complaint Against Merrill Lynch Advisor Cass Jenkins

Fort Worth broker and investment advisor Cass Jenkins (CRD# 4304584) has received an investor complaint alleging more than $2 million in damages. Financial Industry Regulatory Authority records show that he is a representative of Merrill Lynch. 

Mr. Jenkins’ BrokerCheck report discloses one pending investor complaint. Filed in March 2022, the complaint alleges that as a representative of Merrill Lynch, he recommended an unsuitable investment strategy and omitted material facts between February 2020 and March 2020. The pending complaint alleges damages of $2.3 million.

Another investor complaint, filed in 2014, alleged that as a representative of Merrill Lynch, he recommended an unsuitable investment, misrepresented material facts, and omitted material facts related to a variable annuity investment. The complaint was denied by the firm.

A third investor complaint, filed in 2009, alleged misrepresentation regarding the liquidity of auction rate securities. The complaint settled with the firm’s agreement to repurchase the securities in question for their full par value, $175,000. A statement on the disclosure asserts that “The financial advisor did not cause, contribute, or have any control over these market events,” referring to the widespread failures and illiquidity in the market for auction rate securities.

According to the Financial Industry Regulatory Authority, Cass Jenkins holds 21 years of securities industry experience. Based in Fort Worth, Texas, he has been a broker and investment advisor with Merrill Lynch since 2002 and 2003, respectively. His prior registration was with Edward Jones (St. Louis, Missouri; 2001-2002). His credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He holds 54 state licenses. (Information current as of June 13, 2022.)

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