What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: February 9, 2018

Scottsdale, Arizona-based Merrill Lynch broker Jonathan Rankin has customer complaints against him, according to his public records online with the Financial Industry Regulatory Authority (FINRA). Mr. Rankin, while registered with Merrill Lynch, allegedly misrepresented and omitted material facts regarding a variable annuity issued in May 2017. He also allegedly executed unauthorized trades, made misrepresentations of material facts, and omitted material facts related to investments from June 2015 until January 2016. These are against securities laws and internal firm rules. A brokerage firm like Merrill Lynch must reasonably oversee its brokers to make sure that they don’t violate securities laws. If it does not, it may be liable for losses on a contingency fee basis in the FINRA arbitration forum.
Jonathan Rankin is currently registered with Merrill Lynch in Scottsdale, Arizona, and has been since August 2007. He has two customer disputes against him, alleging unauthorized trading and misrepresentation and omission of material facts from June 2015 until January 2016, and misrepresentation and omission of material facts regarding a variable annuity issued in May 2017. This is a pending complaint.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltmann Law Securities Investment Fraud Attorneys