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Heliane Steden Settled a Complaint for Making Unsuitable Investments


Heliane Steden

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 12, 2017 indicate that former New York-based Merrill Lynch broker/adviser Heliane Steden has received customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Steden (CRD# 2206233).

Heliane Steden has spent 18 years in the securities industry and was most recently registered with Merrill Lynch in New York, New York (1999-2017). Previous registrations include BT Alex Brown in Baltimore, Maryland; Equico Securities in New York, New York; and the Equitable Life Assurance Society of the United States in New York, New York. She has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 6 (Investment Company Products/Variable Contracts Representative Examination). She is currently not registered with any state or firm.

According to her BrokerCheck report, she has received two customer complaints.

In 2010 a customer alleged Heliane Steden, while employed at Merrill Lynch, executed unauthorized trades and made unsuitable investment recommendations. The complaint settled for $325,000.

In 2009 a customer alleged Heliane Steden, while employed at Merrill Lynch, misrepresented material facts related to investments, made unsuitable investment recommendations, and failed to disclose risks associated with investments in options products. The complaint settled in 2010 for $2,995,000.

If you or someone you know has lost money investing with Heliane Steden, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.