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Customers Settle for Millions Against Merrill Stockbrokers
So far Merrill Lynch has paid $4.4 million to customers of its Indiana broker Mark David Leavitt, 45, whom it fired last December.
Additionally, Merrill Lynch has paid $7.1 million to settle claims against its Massachusetts broker, Dick Greene.
Both brokers allegedly made unsuitable recommendations of volatile tech stocks to clients.
Source: Investment News, August 27, 2001
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Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
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Always consult an attorney and/or investment advisor when building and protecting your wealth.
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