Cape Girardeau Advisor Rick Bandermann: New Investor Complaint

Merrill Lynch financial advisor Rick Bandermann (CRD# 1613847) allegedly provided misleading investment advice that resulted in six-figure damages, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Cape Girardeau, Missouri.

Mr. Bandermann’s BrokerCheck report discloses several investor complaints. The most recent, filed in September 2022, alleges that as a representative of Merrill Lynch, he made misrepresentations regarding a variable annuity investment from July 2006 until September 2022. The pending complaint alleges damages of $297,414.

An earlier investor complaint, filed in 2009, alleged that he made misrepresentations regarding a Lehman Brothers Holdings investment. The complaint alleges unspecified damages and was denied by his former member firm, Banc of America Investment Services.

A third complaint, filed in 2007, alleged that he told investors in a government bond product that they would get their money back after one year. The complaint reached a settlement of $11,088.33.

According to the Financial Industry Regulatory Authority, Rick Bandermann holds 35 years of securities industry experience. Based in Cape Girardeau, Missouri, he has been a broker and an investment advisor with Merrill Lynch since 2009. His past registrations include Banc of America Investment Services (1997-2009), NationsSecurities (1997-1998), Boatmen’s Investment Services (1993-1997), Griffin Financial Services (1988-1993), and Guardian Investor Services Corporation (1987-1988). His credentials include the passage of five securities industry qualifying exams, including the General Securities Representative Examination and the Uniform Securities Agent State Law Examination. He is licensed in Alabama, Arkansas, California, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Mississippi, Missouri, North Carolina, Oregon, Tennessee, Texas, Virginia, and Wisconsin. (Information current as of November 2, 2022.)

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