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California Broker Michael Jones, Merrill Lynch, Has Complaints

Screen Shot 2015-08-05 at 10.36.36 PMMerrill Lynch broker/adviser Michael Jones, Newport Beach, California, has settled or pending customer complaints. The investment recovery law firm of StockBrokerLawyer.com seeks any customer of Michael Jones, Merrill Lynch, who have suffered losses in their account.

Michael Jones has spent more than fifteen years in financial securities; working in the very large and important Newport Beach, California offices of Merrill Lynch. The Merrill Lynch offices in Newport Beach, California are one of the most profitable Merrill Lynch offices in California, and the county. Michael Jones has worked there since 2010. Before that, Michael Jones worked at Morgan Stanley in Laguna Niguel, California; Citigroup Global Markets in Laguna Niguel, California; Morgan Stanley in Purchase, New York. He is licensed to have customers in more than 40 states.

FINRA records indicate that Michael Jones has one customer complaint and two pending customer complaints.

In 2014 a customer says that Michael Jones, while employed at Citigroup Global Markets, “failed to recommend a collar and/or put option as a risk management strategy to protect claimant’s concentrated position in UPS stock.” The complaint settled in September 2015 for $14,999 a number intended to be just beneath some reporting requirement.

In 2014 a customer said Michael Jones, while employed at Citigroup Global Markets, failed to recommend a proper risk management strategy to protect a concentrated position. The customer seeks $1,250,000 in damages in the pending complaint.

In 2014 a customer alleged Michael Jones, while employed at Citigroup Global Markets, failed to recommend a proper risk management strategy to protect a concentrated position in UPS stock. The customer seeks $500,000 in damages in the pending complaint.

If you have losses in your account, with this financial advisor, call (888) 986-7199 or write the investment recovery lawyers at StockBrokerLawyer.com for a free no-cost consultation. We can help recover your losses and seek other damages, too.

You can use the email form or chat on StockBrokerLawyer.com You may be entitled to recover your losses. We work on contingency: we are paid only when you are paid. Time is limited; delay is the favorite defense of the brokerage firms. Call 888-986-7199 now to speak to an attorney for a no cost evaluation.

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