Goodman & Nekvasil P.A., May Recover Investor Losses – Paul Steven Plemenos (Paul Plemenos) Suspended from Securities Industry and Fired by Merrill Lynch, Pierce, Fenner & Smith Incorporated
Paul Plemenos was licensed with Ameriprise Financial Services, Inc. from 2015 to 2017. Paul Plemenos was previously licensed with Merrill Lynch, Pierce, Fenner & Smith Incorporated. According to FINRA’s records, Paul Plemenos was fired by Merrill Lynch, Pierce, Fenner & Smith Incorporated on June 11, 2015. Merrill Lynch, Pierce, Fenner & Smith Incorporated reported to FINRA that Paul Plemenos was accused of conduct involving exercising discretion in non-discretionary customer accounts.
Following Paul Plemenos’ firing by Merrill Lynch, Pierce, Fenner & Smith Incorporated, FINRA investigated Paul Plemenos and brought a disciplinary action against Paul Plemenos. Paul Plemenos consented to a 30-day suspension from the securities and investment banking industry and a $7,500 fine. Paul Plemenos also consented to findings that Paul Plemenos executed discretionary transactions in the accounts of customers without written authorization from the customers and without having the accounts approved as discretionary accounts by Paul Plemenos’ member firm.
FINRA reports that a complaint was filed involving Paul Plemenos’ conduct with Merrill Lynch, Pierce, Fenner & Smith Incorporated, with the customer alleging that trading was excessive, unsuitable, and unauthorized and was charged excessive fees. This complaint was settled for $60,600.
If you lost any money on investments with Paul Plemenos, you may be able to recover your losses from Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Ameriprise Financial Services, Inc. This is because Merrill Lynch, Pierce, Fenner & Smith Incorporated and Ameriprise Financial Services, Inc. had a duty to supervise Paul Plemenos.
If you lost money on investments with Paul Plemenos, and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Ameriprise Financial Services, Inc concerning Paul Plemenos’ conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments with Paul Plemenos and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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