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Tampa FA Heather Weber Involved in $1 Million Customer Dispute Over Misrepresentation

Heather Weber (CRD#: 2911524), currently a registered representative with Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#: 7691), is currently involved in a customer dispute in which a client alleges that Heather Weber recommended unsuitable investments and made misrepresentations, according to her BrokerCheck report accessed on October 23, 2019. The client, who filed the dispute on September 24, 2019, is seeking $350,000 in damages.

Heather WeberThis is far from the only dispute in which Heather Weber has found herself, as her BrokerCheck report lists ten disclosures. Many of Heather Weber’s complaints involve allegations that she recommended unsuitable investments. Did your broker recommend securities that were appropriate given your investment goals? If not, then you may have a suitability case and may benefit from consulting the securities attorneys of Fitapelli Kurta.

On March 10, 2017, Heather Weber found herself the subject of not one, but two customer complaints. A client alleged that Heather Weber made unsuitable investment recommendations and made misrepresentations from March 2011 to July 2014. This $1 million dispute is still pending. A client also alleged that Heather Weber recommended unsuitable investments and made misrepresentations from August 2012 to July 2014. The client sought $300,000 in damages, but the matter was settled for $95,000. Before the ink had dried on that settlement, Heather Weber found herself involved in another dispute, just two months later, on May 1, 2017. A client alleged that Heather Weber recommended unsuitable investments and made misrepresentations from February 2012 to June 2014. The client sought $1 million in damages, but the matter was settled for $92,500.

On July 7, 2016, a client alleged “unsuitable investment recommendations and misrepresentation and omission of material facts from September 2010 to July 2014.” The client originally requested $500,000 in damages, but the matter was settled for $265,000. Similarly, on June 20, 2016, a customer made the same allegations but referred to the period from February 2011 to November 2014. The client requested $500,000 in damages, but the matter was settled for $180,000. This comes after a dispute filed on September 10, 2015. In that dispute, the customers alleged “unsuitable investment recommendations and misrepresentation and omission of material facts from November 2012 to July 2014.” While the customers originally requested $475,000 in damages, the matter was settled for $175,000.

A 21-year veteran of the securities industry, Heather Weber has worked for three brokerage firms. In addition to Merrill Lynch, Pierce, Fenner & Smith Incorporated, she has also worked for:

  • Citigroup Global Markets Inc. (CRD#: 7059) of Sarasota, Florida
  • B. Hanauer & Co. (CRD#: 6958) of Parsippany, New Jersey

If you’ve worked with Heather Weber or have questions about unsuitability, don’t hesitate to contact a securities attorney. Call (877) 238-4175 or email info@fkesq.com for your free case consultation with the securities attorneys of Fitapelli Kurta.

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