Public records published by the Financial Industry Regulatory Authority (FINRA) on November 10, 2016 indicate that former Maryland-based Merrill Lynch broker Daniel Flakoff is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Flakoff (CRD# 5018473).
Daniel Flakoff has spent ten years in the securities industry and was most recently registered with Merrill Lynch in Hunt Valley, Maryland (2016). Previous registrations include Eulav Securities in Baltimore, Maryland; AXA Advisors in Columbia, Maryland; T. Rowe Price Investment Services in Owings Mills, Maryland; and Merrill Lynch in Baltimore, Maryland. He is currently not registered with any state or firm.
According to his BrokerCheck report, Daniel Flakoff was terminated from his former employer.
In August 2016 Daniel Flakoff was discharged from his position at Merrill Lynch following allegations “involving failure to follow internal guidelines related to investment conversations with clients resulting in unsuitable client recommendations.”
According to FINRA rules and federal securities law, investment professionals like Daniel Flakoff must abide by a standard called suitability, meaning they must recommend only investments that are suitable for their clients. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and others. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has complaints regarding Daniel Flakoff, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.