Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

Keith Simmons: $8MM Complaint Against Merrill Lynch Rep

Miami, Florida-based broker and investment adviser Keith Simmons (CRD# 730619) has received a pending investor complaint alleging losses of $8 million. According to records provided by the Financial Industry Regulatory Authority (FINRA), Simmons is currently a registered representative of Merrill Lynch.

Keith Simmons FINRA-maintained BrokerCheck report lists a total of four customer complaints against him, two pending and two settled.

A pending complaint filed in October 2020 alleges that as a representative of Merrill Lynch, Keith Simmons recommended unsuitable stock products. The pending complaint alleges damages of $1.1 million.

A pending complaint filed in May 2020 alleges that as a representative of Merrill Lynch, Keith Simmons made unsuitable investment recommendations that resulted in losses. The pending complaint alleges damages of $8 million.

A complaint filed in 2009 alleged that as a Merrill Lynch representative, Keith Simmons made misrepresentations concerning the liquidity and risk of an investment in auction rate securities. The complaint reached a settlement in 2012 of $300,000.

A complaint filed in 1997 alleged that as a Merrill Lynch representative, he oversold shares of Alpine Lace brands Inc. without the investor’s authorization. The complaint reached a settlement of $9,000.

According to Financial Industry Regulatory Authority records, Keith Simmons holds 40 years of securities industry experience. He has been a registered broker and investment adviser with Merrill Lynch since 1981. He has passed four state securities examinations: the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; the Uniform Investment Adviser Law Examination, or Series 65; and the General Securities Representative Examination, or Series 7. He holds 32 securities registrations. (Information current as of July 13, 2021.)

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Matt Babrick: $1.1M Complaint Against First Republic Rep

    San Francisco broker and investment adviser Matt Babrick (CRD#: 4433983) has received several pending customer complaints alleging cumulative damages of...

    Read More
  • Bob & Kristine Hartland: Energy Complaint Against Ameriprise Reps

    A pending investor complaint against Ameriprise Financial Services brokers and investment advisers Bob Hartland (CRD# 2253564) and Kristine Hartland (CRD#...

    Read More
  • Dustin Shafer: Ex-Money Concepts Rep Has Investor Complaints

    Former Springfield, Illinois broker and investment adviser Dustin Shafer (CRD#: 4198962) has received several settled or pending customer complaints in...

    Read More
  • Stephen Ferencik: Multiple Complaints Against Arkadios Broker

    Atlanta broker and investment adviser Stephen Ferencik (CRD#: 3126037) recently received a pending customer complaint alleging his conduct resulted in...

    Read More
  • Previous
  • Next