Former Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Robert Brinckerhoff (CRD# 823695) faces customer complaints regarding variable annuity investment losses and structured product losses. He was registered with Morgan Stanley in Burlington, Vermont from 2015 to 2020. Previously, he was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Palm Beach, Florida from 1986 to 2015.
In June 1991, the State of Vermont sanctioned him to pay a $100 fine following allegations that he was not duly licensed to represent Crown Life Insurance Company at the time he made a sale because he was not an individual appointed by Crown Life Insurance Company.
In March 1995, the State of Wisconsin, Office of the Commissioner of Insurance denied his application for 30 days after he, “allegations that Mr. Brinckerhoff failed to correctly answer on the application for a permanent individual intermediary agent’s insurance license that he was the subject of an administrative action imposed by the state of Vermont. Allegation activity period from 3/10/1995 to 4/7/1995.”
In May 2008, the State of Wisconsin, Office of the Commissioner of Insurance denied his application for 31 days after he “failed to correctly answer on the application for a permanent individual intermediary agent’s insurance license that he was the subject of administrative actions imposed by the states of Vermont and Wisconsin, and that he did not respond to written requests for information from the commissioner of insurance regarding the application. Allegation activity period from 5/13/2008 to 6/13/2008.”
In March 2010, the State of New York, Insurance Department sanctioned him to pay a $750 civil and administrative penalty following allegations that he “failed to report to the superintendent within 30 days of the final disposition of the matter that his application for a permanent individual intermediary agent’s insurance license was denied for a period of 31 days by the state of Wisconsin, office of the commissioner of insurance, on or about may 13, 2008. Allegation activity period from 3/15/2010 to 3/15/2010.”
In April 2012, the Missouri Department of Insurance, Financial Institutions And Professional Registration sanctioned him to pay a $250 civil and administrative penalty regarding allegations that he “failed to correctly answer on the non-resident insurance producer application that he was the subject of an administrative action imposed by the state of New York. Allegation activity period from 4/6/2012 to 4/6/2012.”
Robert Brinckerhoff Customer Complaints
He has been the subject of six customer complaints between 1993 and 2022, two of which were denied, according to his CRD report. Recent complaints are regarding:
February 2022. “Claimant alleges, inter alia, misrepresentation with respect to annuity investment – 2015 to 2018.” The case is currently pending. The complaint was regarding variable annuity losses and it took place while he was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated.
July 2019. “Client alleged that the purchase of a structured product in her account in 2017 was unsuitable.” The customer sought $60,000 in damages and the case was settled for $7,500. The complaint was regarding structured products and the complaint took place while he was registered with Morgan Stanley.
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 Robert Brinckerhoff’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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