Richard Crabtree Involved in Investor Dispute Regarding Selling Away

Richard Crabtree (CRD #: 1855649), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, has a pending customer dispute alleging selling away and misrepresentation, according to his BrokerCheck record, accessed on October 16, 2020. “Selling away” refers to the practice of selling securities not offered by the broker’s firm.shutterstock_102158005-300x300-1

On September 24, 2020, a client alleged that Richard Crabtree engaged in selling away from approximately January 2017 to September 2020. The dispute is pending.

On April 11, 2012, a client alleged that Mr. Crabtree gave him inaccurate information regarding proposed sale proceeds. The dispute settled for $27,856.

On March 16, 2004, a client alleged that she received unsuitable investment recommendations and that her account was misallocated. The client sought $169,624; the dispute settled for $75,000.

Richard Crabtree has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 31 Futures Managed Funds Examination, the Series 7 General Securities Representative Examination, and the Series 8 General Securities Sales Supervisor Examination (Options Module & General Module). He is a registered broker in all 50 U.S. states as well as Puerto Rico and the U.S. Virgin Islands. Mr. Crabtree is also a registered investment adviser in Maryland and Texas.

During his 32 years of experience, Richard Crabtree has only been registered with Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691).

If Richard Crabtree was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email [email protected] for your free case consultation with a securities attorney.

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