{"id":2681,"date":"2016-11-03T00:00:00","date_gmt":"2016-11-03T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/broker-allegedly-sold-unsuitable-investments-to-wells-fargo-customers\/"},"modified":"2017-07-27T14:15:37","modified_gmt":"2017-07-27T18:15:37","slug":"broker-allegedly-sold-unsuitable-investments-to-wells-fargo-customers","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/broker-allegedly-sold-unsuitable-investments-to-wells-fargo-customers\/","title":{"rendered":"Former Clearwater, Florida Broker Under Investigation after FINRA Suspension for Unsuitable Recommendations"},"content":{"rendered":"<p>Silver Law Group is investigating former Clearwater, Florida broker Dennis M. Merritt (CRD# 1748115) after FINRA suspended him for four months and his employing firm terminated him for alleged unsuitable recommendations among other things.<\/p>\n<p>In March 2016, FINRA and Merritt entered into an <a href=\"http:\/\/disciplinaryactions.finra.org\/Search\/ViewDocument\/66265\" target=\"_blank\">order accepting offer of settlement (the \u201cOrder\u201d)<\/a>.\u00a0 The Order accepted the punishment without admitting or denying the allegations in the <a href=\"http:\/\/disciplinaryactions.finra.org\/Search\/ViewDocument\/66011\" target=\"_blank\">Complain<\/a>t.<\/p>\n<p>The Complaint alleged that Merritt invested a total of $115,000 in a speculative investment without providing written notice to his member firm prior to participating in the private securities transactions.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/broker-allegedly-sold-unsuitable-investments-to-wells-fargo-customers\/\"  title=\"Continue Reading Former Clearwater, Florida Broker Under Investigation after FINRA Suspension for Unsuitable Recommendations\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Silver Law Group is investigating former Clearwater, Florida broker Dennis M. Merritt (CRD# 1748115) after FINRA suspended him for four months and his employing firm terminated him for alleged unsuitable recommendations among other things. In March 2016, FINRA and Merritt entered into an order accepting offer of settlement (the \u201cOrder\u201d).\u00a0 The Order accepted the punishment [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[598,584,576],"tags":[265,277,9,70,278,279,209,280,73],"class_list":["post-2681","post","type-post","status-publish","format-standard","hentry","category-alternate-investments","category-selling-away","category-unsuitable-investment-advice","tag-cetera-investment-services","tag-clearwater","tag-finra","tag-florida","tag-inc","tag-j-w-cole-financial","tag-unsuitability","tag-unsuitable-investment-advice","tag-wells-fargo-advisors"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Former Clearwater, Florida Broker Alleged Unsuitable Recommendations<\/title>\n<meta name=\"description\" content=\"Silver Law Group is investigating Dennis M. Merritt for allegedly investing his Wells Fargo customers in an outside, unsuitable, and speculative investment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/broker-allegedly-sold-unsuitable-investments-to-wells-fargo-customers\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Former Clearwater, Florida Broker Alleged Unsuitable Recommendations\" \/>\n<meta name=\"twitter:description\" content=\"Silver Law Group is investigating Dennis M. Merritt for allegedly investing his Wells Fargo customers in an outside, unsuitable, and speculative investment.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Former Clearwater, Florida Broker Alleged Unsuitable Recommendations","description":"Silver Law Group is investigating Dennis M. 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Merritt for allegedly investing his Wells Fargo customers in an outside, unsuitable, and speculative investment.","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/broker-allegedly-sold-unsuitable-investments-to-wells-fargo-customers\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/broker-allegedly-sold-unsuitable-investments-to-wells-fargo-customers\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Former Clearwater, Florida Broker Under Investigation after FINRA Suspension for Unsuitable Recommendations","datePublished":"2016-11-03T04:00:00+00:00","dateModified":"2017-07-27T18:15:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/broker-allegedly-sold-unsuitable-investments-to-wells-fargo-customers\/"},"wordCount":613,"keywords":["Cetera Investment Services","Clearwater","FINRA","Florida","Inc.","J.W. 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