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
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Juan Sosa: FINRA Bars Ex-SagePoint Advisor Over Conversion Allegations

    Former Studio City, California financial advisor Juan Sosa (CRD# 4059846) has been barred in connection with allegations that he converted...

    Read More
  • Joe Cucinotta: FINRA Suspends Independent Financial Advisor

    Radnor, Pennsylvania financial advisor Joe Cucinotta (CRD# 3272604) was recently suspended in connection with allegations that he falsified customer signatures....

    Read More
  • Robert Omohundro: LCORE Advisor Lands Suitability Complaint

    Atlanta financial advisor Robert Omohundro (CRD# 2415942) has received multiple investor complaints alleging that he recommended unsuitable investments, resulting in...

    Read More
  • Lucy Cueller: Suitability Complaint Against Northpoint Advisor

    Warrenville, Illinois financial advisor Lucy Cueller (CRD# 3089802) recently received an investor complaint alleging that she made unsuitable investment recommendations....

    Read More
  • Previous
  • Next