Were you the victim of Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Paul Addo III (CRD# 5422664), who is accused of structured product losses? He has been registered with UBS Financial Services Inc. in Denver, Colorado, since 2022. Previously, he was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Denver, Colorado, from 2009 to 2022. He has also been registered as a financial advisor with UBS Financial Services Inc. in Denver, Colorado, since 2022.
Paul Addo III Customer Complaints
He has been the subject of two customer complaints in 2023, one of which was closed without action, according to his CRD report:
July 2023. “Customer alleges unsuitable investment recommendations and unauthorized trading in March 2020.” The case is currently pending. The complaint took place while he was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, and it was regarding structured product and market linked investment losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Merrill Lynch, Pierce, Fenner & Smith Incorporated may be liable for investment or other losses suffered by Paul Addo III’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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