Articles Tagged with Unsuitable Trading Attorneys

When Unsuitable Trading Leads To Investor Losses

Our Unsuitable Trading Attorneys Are Speaking To Former Customers of Ex-Merrill Lynch Broker Robert Gerstein

The Financial Industry Regulatory Authority (FINRA) has suspended a former longtime Merrill Lynch financial advisor for allegedly recommending that some customers short-term trade their mutual fund shares and certain complex financial products that were better suited for a longer-term trading strategy. Robert Gerstein, who worked at the broker-dealer for more than four decades, consented to the six-month suspension, $5,000 fine, and $129,496 plus interest in restitution that the self-regulatory organization (SRO) imposed. However, he did so without denying or admitting to its findings. Shepherd Smith Edwards and Kantas ( are looking into claims of investor losses by former customers of ex-Merrill Lynch stockbroker Robert Gerstein or any other financial advisor.

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