Ralph Michael Byer (CRD #1038411) is a registered broker and investment advisor currently employed with Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD #7691) of Plantation, Florida, where he has been since 1982.
Byer has a total of seven disclosures, all of them customer disputes. The most recent was filed on 06/19/2018, alleging “excessive trading, unsuitable investment recommendations and misrepresentation from 1990 until 2018.” This case is currently pending.
His next previous dispute, filed on 02/03/2014, alleged misrepresentation involving a life insurance policy purchased in June of 1987. This claim was denied. However, the next dispute, filed on 01/27/2009, was settled for $7,000. The client alleged “unsuitable investment recommendations,” and requested damages of $100,000.
A customer who alleged “churning” filed a complaint on 03/09/1999, explaining that he was never informed of the consequences of trading on margin. The customer requested damages of $50,000, and the claim was settled for $22,500.
Byer’s first dispute was filed on 07/21/1993, regarding a limited partnership investment of $42,000. The case was settled for that amount to preserve the relationship with this client.
Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. Our South Florida securities fraud lawyers can meet with you in our offices in Coral Springs, Florida or in your home near Plantation, Florida. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.