Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 4, 2016 indicate that Pennsylvania-based Merrill Lynch broker/adviser Dorothy Boyer has received settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Boyer (CRD# 27791).
Dorothy Boyer has spent 38 years in the securities industry and has been registered with Merrill Lynch in Pittsburgh, Pennsylvania since 1978. Previous registrations include Financial Estate Planning (1978) and Derand Investment Corporation of America (1970-1978). She is a registered broker and investment adviser with 23 US states and territories.
According to her BrokerCheck report, Dorothy Boyer has received one customer complaint and one pending customer complaint.
In February 2016, a customer alleged that Dorothy Boyer, while employed at Merrill Lynch, made misrepresentations of material fact and recommended unsuitable investments from 2007-2011. The customer is seeking $2,000,000 in damages in the pending complaint.
In 2010, a customer alleged that Dorothy Boyer, while employed at Merrill Lynch, invested funds in bank deposit and retirement asset savings programs rather than money market funds. The complaint settled for $18,000.
Federal securities law prohibits securities representatives like Dorothy Boyer from making false statements that can mislead their clients — an act referred to as “misrepresentation.” This also includes omitting material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is a piece of information that would be a significant consideration for a reasonable investor in making a decision about an investment. Some examples include the risk level of a stock, the potential return on an investment, or the fees involved with the transaction. Brokers and investment advisers who misrepresent material facts may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you have complaints regarding or have lost money investing with alleged Dorothy Boyer, 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.