Several customer disputes have been settled against Merrill Lynch broker Bernard George Adair. A current dispute alleges that the broker misappropriated funds, made material misrepresentations, and recommended an unsuitable investment strategy.
Investment fraud law firm Meyer Wilson is investigating allegations that registered broker Bernard Adair made unsuitable investment recommendations to clients resulting in losses. If you sustained losses after investing with Bernard George Adair or another broker accused of misconduct, contact our office at (614) 532-4576 to schedule a free consultation.
According to his BrokerCheck report, Bernard George Adair (Bernie Adair) has 10 disclosures against him. The first customer dispute was settled in 1996 after a client alleged that Adair engaged in unsuitable and unauthorized trading in stocks and mutual funds. The claim was settled.
The second settled dispute again involved unsuitable recommendations. The client also alleged that Adair made unauthorized transactions and overconcentrated his account in equities. Similar disputes were settled in 2004 and 2009 for tens of thousands of dollars. In 2019, a dispute was settled. Allegations for that dispute included that the broker made an unsuitable investment recommendation, misrepresentation, and other misconduct related to a variable annuity.
Currently, a pending dispute alleges that Adair misappropriated funds and failed to act in the best interest of the client from 2017 to 2019. Adair remains a broker with Merrill Lynch, Pierce, Fenner, & Smith Incorporated where he has been employed since 1991.
If you suspect that your broker or financial advisor engaged in misconduct or investment fraud, you need to speak with an attorney. You might be entitled to relief through arbitration or litigation. An attorney can review your case to determine whether you have a valid claim for damages and the best course of legal action.
When a broker or financial professional makes unsuitable recommendations or fails to act in the best interest of the client resulting in losses, the harmed investor may be entitled to recovery. It is important to act quickly as you may only have a limited amount of time to file a claim for damages.
Did you suffer financial losses after investing with Bernard George Adair or another stockbroker accused of misconduct? Contact our office at (614) 532-4576 to schedule a free, no-obligation consultation.
At Meyer Wilson, investment fraud claims are handled on a contingency fee basis, meaning you pay nothing unless money is recovered on your behalf. Our lawyers have secured over $350 million for clients nationwide and will work diligently to get you the best possible outcome in your case. If you have investment losses due to a broker’s wrongdoing, you should consult with an attorney now. Call today to get started.