Public records published by the Financial Industry Regulatory Authority (FINRA) on June 8, 2018 indicate that California-based Merrill Lynch broker/adviser Terance Power has received several customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Power (CRD# 3259997).
Terance Power has spent 18 years in the securities industry and has been registered with Merrill Lynch in Beverly Hills, California since 2008. Previous registrations include UBS Financial Services in Beverly Hills, California (2001-2008) and Morgan Stanley in Purchase, New York (1999-2001). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on September 2, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 21, 1999; and Series 7 (General Securities Representative Examination), which he obtained on August 10, 1999. He is a registered broker and investment adviser with 13 US states and territories: Arizona, California, the District of Columbia, Florida, Hawaii, Nevada, New Jersey, New York, Oregon, Pennsylvania, Texas, Vermont, and Washington.
According to his BrokerCheck report, he has received three customer complaints and two denied customer complaints.
In February 2018 a customer alleged Terance Power, while employed at Merrill Lynch, misrepresented and recommended unsuitable mutual fund investments. The complaint settled in April 2018 for $65,413.
In 2011 a customer alleged Terance Power, while employed at UBS Financial Services, provided misleading and unsuitable investment recommendations involving covered call options and a Claymore mutual fund. The complaint settled for $19,200.
In 2009 a customer alleged Terance Power, while employed at UBS Financial Services, misrepresented and omitted material facts related to an investment, acted negligently, breached his fiduciary duty, and breached contract in connection to purchases of Lehman Brothers PPN notes. The complaint settled in 2010 for $82,500.
In 2009 a customer alleged he, while employed at UBS Financial Services, omitted material facts regarding his investment in a Lehman structured note. The customer sought in excess of $5,000 in damages in the complaint, which was denied.
In 2003 a customer alleged he, while employed at UBS Financial Services, recommended unsuitably risky investments. The customer sought damages in excess of $5,000 in the complaint, which was denied.
If you have lost money investing with Terance Power, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.