Peter Huffman (CRD#: 5613027) is a registered broker employed by the financial giant Merrill Lynch, Pierce, Fenner & Smith Incorporated. According to the Financial Industry Regulatory Authority (FINRA), Huffman is facing a customer dispute with requested damages exceeding $4 million. According to FINRA’s BrokerCheck, the customer is alleging that Huffman made unsuitable investment recommendations and misrepresentations.
Huffman has been employed with Merrill Lynch since 2009 and holds 38 state licenses. Prior to his employment with the firm, Huffman successfully completed the Series 7 – General Securities Representative Exam. In addition, he passed the Series 66 – Uniform Combined State Law Examination in March 2019. Recently, Huffman also passed the SIE – Securities Industry Essentials Examination.
All brokers and financial firms are regulated by FINRA. The regulatory agency is responsible for writing and enforcing rules “governing the ethical activities of all registered broker-dealer firms and registered brokers in the U.S.” When a broker is accused of violating these ethical rules, they can be held accountable through a FINRA arbitration. FINRA requires that all broker-dealer firms maintain a supervisory role over their brokers; failure to supervise can result in additional disciplinary actions and fines against the firm.
If you believe that you were the victim of stockbroker misconduct, you might be entitled to compensation. The attorneys at Levin Law have recovered millions on behalf of their clients who have lost significant sums of money because of a brokerage firm’s investment fraud, negligence, or wrongdoing. Contact Levin Law today at (305) 402-9050 or through an online contact form for a free case consultation.