Alex Paredes-Malaga: $750K Complaint Against Merrill Lynch Advisor

A recent investor complaint against Brea, California financial advisor Alex Paredes-Malaga (CRD# 7191576) alleges that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Merrill Lynch.

Mr. Paredes-Malaga’s BrokerCheck report discloses one investor complaint. Filed in June 2024, it alleges that as a representative of Merrill Lynch, he acted negligently and made omissions regarding investments. The pending complaint alleges damages of $750,000.

Merrill Lynch’s website includes a profile of Mr. Paredes-Malaga in which he describes his approach to working with his clients. “Based on what matters most to you, I can help create a strategy as flexible as today’s changing market conditions, and I can provide access to the investment insights of Merrill and the banking convenience and lending solutions of Bank of America,” he explains. “I follow the deep-seated Merrill tradition of participating in the communities we serve. This drives my interest in spending time volunteering with organizations in our community.”

In another section, he describes his investment philosophy. “I believe the best financial approach is the one that helps you pursue your goals,” he writes. “That’s why, from the start, we talk about your aspirations and encourage you to ask questions about issues that matter most to you… With access to the investment insights of Merrill and banking solutions from Bank of America, I will work with you to develop an approach designed to help address your financial needs.”

According to the Financial Industry Regulatory Authority, Alex Paredes-Malaga holds four years of securities industry experience. Based in Brea, California, he has been registered as a broker and an investment advisor with Merrill Lynch since 2020. His credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7TO; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arizona, California, Connecticut, Florida, Georgia, Louisiana, Nevada, New Jersey, New York, Oklahoma, Pennsylvania, Texas, Virginia, Washington, and Wyoming. (Information current as of July 20, 2024.)

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.