On July 22, 2019, Robert Brinckerhoff (CRD#: 823695), a registered representative with Morgan Stanley in Burlington, Vermont, became involved in a pending a customer dispute. A client, who is requesting $60,000 in damages, alleges that “the purchase of a structured product in her account in 2017 was unsuitable,” according to his BrokerCheck record accessed on August 21, 2019. Structured products are packages that brokerages create; these “baskets” contain different securities
This recent customer complaint is not the only disclosure on Robert Brinckerhoff’s BrokerCheck report, which lists disclosures dating back to 1991. On June 10, 1991, Robert Brinckerhoff consented to a fine levied by the State of Vermont, which Merrill Lynch paid. In his broker comment, Robert Brinckerhoff wrote, “The State of Vermont determined that I was not duly licensed to represent Crown Life Insurance Company at the time I made a sale because I was not an individual appointed by Crown Life Insurance Company.” On March 10, 1995, the State of Wisconsin, Office of the Commissioner of Insurance denied his “application for a permanent individual intermediary agent’s insurance license” for 30 days because he did not disclose that he had been the subject of an administrative action in Vermont.
On May 13, 2008, the State of Wisconsin, Office of the Commissioner of Insurance denied his “application for a permanent individual intermediary agent’s insurance license” for one month because he failed to disclose that he was the subject of administrative actions in Vermont and Wisconsin. They also levied this penalty because he did not respond to requests for information.
On March 15, 2010, the State of New York Insurance Department fined Robert Brinckerhoff for “fail[ing] to report to the superintendent within 30 days of the final disposition of the matter that his application for a permanent individual intermediary agent’s insurance license was denied for a period of 31 days by the State of Wisconsin…” Two years later, on April 6, 2012, the Missouri Department of Insurance, Financial Institutions and Professional Registration fined Robert Brinckerhoff, alleging that he “failed to correctly answer on the non-resident insurance producer application that he was the subject of an administrative action imposed by the State of New York.”
On January 13, 1999, a client alleged that Robert Brinckerhoff “misrepresented the costs…associated with taking loans from his variable life insurance policy.” The client requested $70,000; Merrill Lynch settled for $75,330.
Merrill Lynch settled a dispute for $200,000 after a client requested $1,000,000 in damages. The client’s complaint related to the illiquidity of their retirement plan.
Across his 42 years of experience spanning four firms, Robert Brinckerhoff has also worked for Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD# 7691) and Merrill Lynch, Pierce, Fenner & Smith, Inc. (CRD#: 572).
If you’ve done business with Robert Brinckerhoff or have questions about your investments, please don’t hesitate to contact the experienced securities attorneys of Fitapelli Kurta at (877) 238-4175 or firstname.lastname@example.org.