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Merrill Lynch Financial Advisor Charles Kanahan The Subject Of 3 Customer Complaints In 2018

The Wolper Law Firm is currently investigating claims against Charles Kanahan, a Financial Advisor at Merrill Lynch in Boston, Mass.  Charles Kanahan has been in the securities industry since the 1980s and, prior to Merrill Lynch, worked at Morgan Stanley, Bear, Stearns and Thomson McKinnon Securities .

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), between February and May 2018, Charles Kanahan was the subject of three customer complaints, alleging unsuitable investments and excessive trading.

https://brokercheck.finra.org/individual/summary/1351974#disclosuresSection

  • May 2018—“Customer alleges excessive trading and unsuitable investment recommendations from 2012-2017.” Alleged damages are $700,000.
  • March 2018—“Customer alleges excessive trading and unsuitable investment recommendations from 2012-2017.” Alleged damages are unspecified .
  • February 2018—“Customer alleges excessive trading and unsuitable investment recommendations from 2012-2017.” Alleged damages are unspecified.

The governing rules and regulations require Financial Advisors to recommend investments that are suitable and appropriate for a customer given his/her stated investment objectives and risk tolerance.  Failure to recommend suitable investments may entitle the customer to recovery of their investment losses.

If you or someone you know was a customer of Charles Kanahan and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@67.43.6.64 to discuss your specific situation and the legal options available.  The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]