Broker Spotlight: Mary Helen Mallett

Mary Helen MallettPublic records provided by the Financial Industry Regulatory Authority (FINRA) on June 29, 2016 indicate that former Arizona-based Independent Financial broker Mary Helen Mallett, also known as Caprice Mallett and Mary Helen Caprice Mallett, has received numerous 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. Mallett (CRD# 1345520).

Mary Helen Mallett has spent 27 years in the securities industry and was most recently registered with Independent Financial Group in Phoenix, Arizona (2011-2013). Previous registrations include Morgan Stanley in Phoenix (2010-2011); First Allied Securities in Phoenix (2003-2010); Walnut Street Securities in El Segundo, California (2003); Nathan & Lewis Securities in New York, New York (1998-2003); Washington Square Securities in Des Moines, Iowa (1990-1999); Pebsco Securities in Columbus, Ohio (1989-1992); John G. Kinnard and Company in Minneapolis, Minnesota (1988-1990); BJ Leonard & Company (1987-1988); NWNL Management Corporation (1987); and WS Griffith & Company (1985-1987). She is currently not registered with any firm or state.

According to her BrokerCheck report, Mary Helen Mallett is the subject of 23 customer complaints and eight pending customer complaints.

In February 2016, a customer alleged Mary Helen Mallett, while employed at First Allied Securities, “misled her on the withdrawal options of her Jackson National Life annuities.” The customer is seeking $39,785 in damages in the pending complaint.

In January 2016, a customer alleged Mary Helen Mallett, while employed at First Allied Securities and Morgan Stanley Smith Barney, recommended unsuitable and speculative investments, breached his fiduciary duty, committed fraud, breached contract, and acted negligently. The customer is seeking $200,000 in damages in the pending complaint.

In 2014, a customer alleged Mary Helen Mallett, while employed at First Allied Securities, Morgan Stanley, Independent Financial, and Private Client Group, misrepresented and omitted material facts, failed to supervise representatives, acted negligently, breached her fiduciary duty, and breached contract. The customer is seeking unspecified damages in the pending complaint.

In 2014, a customer alleged Mary Helen Mallett, while employed at First Allied Securities, Morgan Stanley, Independent Financial, and Private Client Group, misrepresented and omitted material facts, breached her fiduciary duty, failed to supervise representatives, breached contract, and acted negligently. The customer is seeking unspecified damages in the pending complaint.

In 2012, a customer alleged Mary Helen Mallett, while employed at Morgan Stanley, made unsuitable investment recommendations. The complaint settled in 2015 for $275,000.

In 2012, a customer alleged Mary Helen Mallett, while employed at First Allied Securities, made unsuitable recommendations from 2003 to 2010. The complaint settled in 2013 for $3,694,820.

If you or someone you know has complaints regarding Mary Helen Mallett, also known as Caprice Mallett and Mary Helen Caprice Mallett, 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 a contingency basis: Fitapelli Kurta only receives payment if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.