Ex-Merrill Lynch Advisor Jacquin Fink: 12 Investor Complaints

Investor complaints against former New York City financial advisor Jacquin Fink (CRD# 207807) have settled for a cumulative sum of more than $3 million. Financial Industry Regulatory Authority records show that he was most recently a representative of Merrill Lynch, though he is not currently registered as a broker or as an investment advisor. 

Mr. Fink’s BrokerCheck report discloses 12 investor complaints. The most recent, filed in August 2022, alleges that he churned investments, misrepresented material facts, and made unsuitable investment recommendations involving a master limited partnership while at Merrill Lynch. The pending complaint alleges unspecified damages. A second investor complaint, filed in 2020, alleges that he recommended unsuitable equity investments. The pending complaint alleges damages of $43,434. 

In addition to the two pending complaints, FINRA records describe 10 complaints against Mr Fink that reached settlements, including the following. A complaint filed in 2019 alleged that while at Merrill Lynch, he recommended unsuitable products. The complaint reached a settlement of $800,000. A 2018 complaint, meanwhile, similarly alleged unsuitable recommendations and reached a settlement in 2019 of $263,000. In 2016 a customer alleged he recommended unsuitable stock products, leading to a settlement of $205,732.34.Another party of customers alleged in 2015 alleged unsuitable recommendations, receiving a settlement of $106,092.75. Several years earlier, a 2011 complaint alleged aggressive trading and misrepresentation, reaching a settlement of $1,729,000. When a customer alleged in 2010 that he made excessive trades, executed unauthorized transactions, and recommended unsuitable products, the complaint settled for $200,000. 

According to the Financial Industry Regulatory Authority, Jacquin Fink holds 51 years of securities industry experience. He was most recently registered with Merrill Lynch in New York City from 1978 until 2010. Having passed five securities industry qualifying exams, he is not currently licensed with any US state. (Information current as of December 5, 2022.)

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