Garden City, New York financial advisor (CRD# 5225102) has received multiple investor complaints alleging that his investment recommendations led to...Read More
Justin Gillham: $1mm Investor Complaint Against Scottsdale Advisor
Merrill Lynch financial advisor Justin Gillham (CRD# 4575519) recently received an investor complaint alleging more than $1 million in damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Scottsdale, Arizona.
Mr. Gillham’s BrokerCheck report discloses two investor complaints against him. The most recent, filed in July 2022, alleges that as a representative of Merrill Lynch, he misrepresented material information regarding the purchase of a structured note investment in June 2021. The pending complaint alleges damages of $1.05 million.
A second investor complaint, filed in 2012, alleged that as a representative of Ameriprise Financial Services, Mr. Gillham did not disclosed that a real estate investment trust product “was a risky investment and that its value could decrease.” The complaint alleged $30,000 and was denied by the firm.
According to the Financial Industry Regulatory Authority, Justin Gillham holds 19 years of securities industry experience. Based in Scottsdale, Arizona, he has been a broker and an investment advisor with Merrill Lynch since 2008. His past registrations include Ameriprise Financial Services (Scottsdale, Arizona; 2002-2008) and IDS Life Insurance Company (Minneapolis, Minnesota; 2002-2006). His credentials include the passage of three securities industry qualifying examinations: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He holds 32 state licenses and nine self-regulatory organization (SRO) licenses, including the Chicago Board Options Exchange, FINRA, Investors’ Exchange, the Nasdaq Stock Market, and the New York Stock Exchange. (Information current as of August 23, 2022.)
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