Investor Claims Against Merrill Lynch Broker Alexandre Maltez

March 31st, 2025, 1:52 PM

According to BrokerCheck, Alexandre Maltez (CRD #6506116), currently registered with Merrill Lynch, Pierce, Fenner & Smith, and formerly with NewBridge Financial Services Group, Inc., has or has had three customer disputes. 

In a settled FINRA dispute, allegations included suitability concerns, breach of fiduciary duty, failure to supervise, breach of contract, fraud, and violation of FINRA Rule 2210, which governs communications with the public. The complaint was centered on alternative investment products. The case was ultimately settled for $30,000, with Maltez personally contributing $20,000 of the total settlement. 

Two additional FINRA disputes, filed in October of 2024 and February of 2025, are currently pending. In both cases, customers allege that Maltez breached fiduciary duty, acted negligently, and violated Regulation Best Interest (Reg BI), a series of SEC rules requiring broker-dealers and associated persons to act in the best interest of retail customers when making investment recommendations, as described by FINRA. Both disputes involve alternative investment products from the now-bankrupt GWG Holdings, Inc. The customers are seeking damages of $120,000 and $50,000, respectively.  

We are a Chicago-based law firm with a national practice, representing investors nationwide in seeking to recover their investment losses. The firm continues to investigate brokerage firms and brokers who have placed elderly investors, retirees and other conservative investors in unsuitable investments. 

We receive the highest rankings as attorneys for quality work and ethics.  We successfully have filed numerous cases against brokerage firms that sold high-risk investments, recovering more than $50 million on behalf of victimized investors. In those cases, we allege that the investment recommendations were unsuitable for our clients based on their financial situation, needs, and investment objectives. 

We offer free case evaluations and handle matters on a contingency fee basis-meaning you pay no attorney's fees unless we recover compensation for you. If you have incurred investment losses with Alexandre Maltez and would like a securities attorney to evaluate your case, please contact us.  

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