Garden City, New York financial advisor (CRD# 5225102) has received multiple investor complaints alleging that his investment recommendations led to...Read More
Adam Gurien: Multiple Complaints Against Merrill Lynch Advisor
Palm Beach Gardens financial advisor Adam Gurien (CRD# 2302341) has received several investor complaints alleging his advice resulted in losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Merrill Lynch.
Mr. Gurien’s BrokerCheck report discloses five investor complaints. The most recent, filed in April 2022, alleged that as a Merrill Lynch rep, he acted against the customer’s best interests when he placed their funds in “speculative investments” involving hedge funds. The complaint alleged unspecified damages and was denied by the firm.
A second investor complaint alleged that Mr. Gurien recommended unsuitable investments to one of his customers at Merrill Lynch. This complaint also alleged unspecified damages and was denied by the firm.
A third investor complaint, filed in 2004, alleged that he recommended unsuitable investments in high-risk equity funds and variable annuities while a representative of First Union Securities (now known as Wachovia Securities). The complaint reached a settlement of $1,500.
A fourth investor complaint, filed in 2001, alleged that he engaged in churning and unauthorized trading while a representative of Zachary Jackson Securities. The denied complaint alleged unspecified damages.
A fifth investor complaint, filed in 2000, alleged that he misrepresented material information regarding investments he recommended to his customers at Zachary Jackson Securities. The denied complaint alleges damages of $14,350.
According to the Financial Industry Regulatory Authority, Adam Gurien holds 29 years of securities industry experience. Based in Balm Beach Gardens, Florida, he has been a broker and an investment advisor with Merrill Lynch since 2011. He is also registered with the firm’s offices in Jupiter, Florida and Short Hills, New Jersey. His past registrations include Wells Fargo Advisors (Short Hills, New Jersey; 2001-2011), Zachary Jackson Securities (Springfield, New Jesey; 1997-2001), Prudential Securities (New York, New York; 1994-1997), Smith Barney (New York, New York; 1993-1994), and Lehman Brothers (New York, New York; 1993). His credentials include the passage of eight securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Municipal Securities Principal Examination, or Series 53; the Registered Options Principal Examination, or Series 4; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 56 state licenses. (Information current as of August 9, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.