Advisor Alert: Our Attorneys Are Investigating Stephen Marchelo Medina For Investment Fraud
Did You Lose Money Because of Stephen Medina?
Filed: February 9, 2024
Stephen Medina currently has one (1) pending customer complaint. Overall, he has been the subject of six (6) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Stephen Marchelo Medina.
Who Is Stephen Marchelo Medina of Merrill Lynch, Pierce, Fenner & Smith Incorporated?
- Advisor Name: Stephen Marchelo Medina
- Aliases: Stephen M Medina
- CRD: 2614773
- Location: Corpus Christi, Texas
- Current Employer: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Previous Firms: Unknown
- Number of Known Customer Complaints: 6
- Can Stephen Medina Be Sued: Yes, in Private Arbitration
- Can Stephen Medina’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $3,571,815
- Highest Settlement: $400,000
If you have suffered investment losses by Stephen Medina, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Stephen Medina For Broker Misconduct
As of this publication date, Stephen Medina has been the subject of 6 customer disputes. Let’s review them below.
In September 2023, a FINRA arbitration was filed against or in reference to Stephen Medina by a customer of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleging misrepresentations and unsuitable investments between February 2022 and December 2022. Per the customer, he/she lost over $782,500 because of Mr. Medina’s actions. As of this publication date, this claim remains pending.
In May 2018, a complaint was filed against or in reference to Stephen Medina by a customer of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleging unsuitable investment recommendations from December 2017 until May 2018.
In June 2016, a FINRA arbitration was filed against or in reference to Stephen Medina by a customer of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleging unsuitable investment recommendations, unauthorized trading, and misrepresentation from April 2013 to August 2015. Per the customer, he/she lost over $3,571,815 because of Mr. Medina’s actions. On October 20, 2017 Mr. Medina settled the claim for $270,000, and some or all of this amount may have been paid by Mr. Medina’s employer and/or insurance carrier.
In July 2003, a complaint was filed against or in reference to Stephen Medina by multiple customers of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleging that Mr. Medina made unsuitable recommendations and investments. Per the customers, they lost over $200,000 because of Mr. Medina’s actions. On October 7, 2004 Mr. Medina settled the claim for $400,000, and some or all of this amount may have been paid by Mr. Medina’s employer and/or insurance carrier.
In July 2003, a complaint was filed against or in reference to Stephen Medina by multiple customers of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleging that Mr. Medina made unsuitable recommendations and investments. The clients also allege that Mr. Medina misrepresented and omitted certain information regarding their investment account. On December 13, 2005 Mr. Medina settled the claim for $175,000, and some or all of this amount may have been paid by Mr. Medina’s employer and/or insurance carrier.
In July 2002, a NASD arbitration was filed against or in reference to Stephen Medina by a customer of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleging unsuitability and lack of diversification. Per the customer, he/she lost over $144,540 because of Mr. Medina’s actions. An arbitration panel found that Stephen Medina was negligent and awarded $43,394 in favor of the customers.
How To File A Claim Against Stephen Medina of Merrill Lynch, Pierce, Fenner & Smith Incorporated To Get Your Money Back
If you have questions about Stephen Medina, Merrill Lynch, Pierce, Fenner & Smith Incorporated, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.