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Pending Complaint for Merrill Lynch broker, June Sabah

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding New York-based Merrill Lynch broker/adviser June Sabah (CRD# 1483569).

June Sabah has spent 29 years in the securities industry and has been registered with Merrill Lynch in New York, New York since 2011. Previous registrations include Morgan Stanley in New York, New York (2007-2009; 2009-2011); Citigroup Global Markets in New York, New York (1993-2007); and Lehman Brothers in New York, New York (1986-1993). She is a registered broker and investment adviser in 29 US states and territories.

shutterstock_105422975According to her BrokerCheck report, June Sabah is the subject of two customer complaints and one pending customer complaint.

In 2015 a customer alleged June Sabah, while employed at Merrill Lynch, made unsuitable investment recommendations from October to November 2014. The customer is seeking unspecified damages in the pending complaint.

In 2005 a customer alleged June Sabah, while employed at Salomon Smith Barney, breached her fiduciary duty, acted negligently, and provided unsuitable advice. The complaint settled in 2006 for $23,525.

In 2002 a customer alleged June Sabah, while employed at Salomon Smith Barney, recommended unsuitable investments. The complaint settled in 2003 for $75,000.

According to FINRA rules and federal securities law, financial professionals like June Sabah are beholden to a fiduciary duty that requires them to act only in the best interests of their clients. For instance, they may only recommend suitable investments that consider the client’s investment goals, net worth, investment experience, and risk tolerance. They are not permitted to misrepresent or omit material facts related to an investment, as misrepresentations or omissions might lead a client to invest unsuitably. Brokers and firms who violate applicable rules and regulations may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.

If you have lost money investing with June Sabah, you may be able to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. We take every case are taken on contingency: Fitapelli Kurta only gets paid if and when you receive money. By law there is a limited window to file claims, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.