California-based Merrill Lynch broker/adviser Edward Schwarz is the subject of resolved or pending customer disputes. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Schwarz (CRD# 843622).
Edward Schwarz has spent 38 years in the securities in the securities industry and has been registered with Merrill Lynch in San Diego, California since 1978. He is a registered broker and investment adviser with 25 US states and territories.
According to his BrokerCheck report, Edward Schwarz is the subject of one customer complaint and one pending customer complaint.
In June 2015 a customer alleged Edward Schwarz, while employed at Merrill Lynch, misrepresented and omitted material facts related to unsuitable investment recommendations. The customer is seeking unspecified damages in the pending complaint.
In 1982 a customer alleged Edward Schwarz, while registered with Merrill Lynch, violated federal securities law, committed fraud, breached his fiduciary duty, and acted unsuitably. The complaint resolved in an award to the customer of $225,150.
Both FINRA rules and federal securities law state that brokers like Edward Schwarz are beholden to a fiduciary duty that requires them to act only in their clients’ best interests. Among other things, this means they may only recommend suitable investments that take into account the customer’s goals, experience, net worth, age, income, and risk tolerance. Brokers, investment advisers 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 Edward Schwarz, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. Fitapelli Kurta takes every case on a contingency basis, which means Fitapelli Kurta only gets paid if and when you collect money. By law there may be a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.
This information is based on publicly available documents provided by FINRA on March 21, 2016.