Patrick James Dwyer of Miami, Florida, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Incorporated, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $600,000.00 in damages based upon accusations that Dwyer made unsuitable recommendations and misrepresentations in connection with the recommendation and sale of options during the time that Dwyer was associated with Merrill Lynch Pierce Fenner Smith Incorporated. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-03057 (December 17, 2021).
FINRA Public Disclosure shows that Patrick Dwyer is referenced in ten more customer initiated investment related disputes concerning Dwyer’s activities while associated with securities broker dealers, including Merrill Lynch Pierce Fenner Smith Incorporated. On October 23, 2008, a customer filed an investment related complaint involving Patrick Dwyer’s conduct, in which the customer requested $6,800,000.00 in damages based upon allegations that Patrick Dwyer supposedly failed to follow instructions and made unsuitable over-the-counter equity transactions when Dwyer was associated with Merrill Lynch Pierce Fenner Smith Incorporated. The complaint was denied and marked closed.
On May 7, 2009, another customer filed an investment related complaint involving Patrick Dwyer’s activities where the customer sought compensatory damages based upon accusations that Dwyer made unsuitable recommendations and misrepresentations in connection with the sale of hedge funds when Dwyer was associated with Merrill Lynch Pierce Fenner Smith Incorporated.
Patrick Dwyer is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $20,800.00 in damages based upon allegations that Dwyer made unsuitable recommendations and misrepresentations in connection with the sale of options during the time that Dwyer was associated with Merrill Lynch Pierce Fenner Smith Incorporated. FINRA Arbitration No. 20-00814 (August 24, 2020).
On May 10, 2022, another customer initiated investment related FINRA securities arbitration claim involving Dwyer’s conduct was settled for $850,000.00 in damages based upon accusations that Dwyer made misrepresentations and unsuitable recommendations in connection with the sale of options when Dwyer was associated with Merrill Lynch Pierce Fenner Smith Incorporated. FINRA Arbitration No. 21-02251.
Merrill Lynch Pierce Fenner Smith Incorporated cancelled Patrick Dwyer’s registration on August 21, 2019, because it was said that Patrick Dwyer did things that were not allowed.
Originally reported on December 30, 2022 @ 12:28 am
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