Investors Question Losses from Florida Broker Mark E. Imbertson

The law firm of Levin Papantonio is currently investigating claims on behalf of customers who suffered losses during their time as a client of former Merrill Lynch stockbroker, Mark E. Imbertson.

Based out of West Palm Beach, Florida, Imbertson developed investment and business strategies to assist wealthy clients as a financial advisor with Merrill Lynch.  He designed plans based on a client’s cash flow analysis, risk tolerance, charitable endeavors and multigenerational planning. Imbertson was responsible for monitoring accounts to make sure they satisfied the goals of his clients.

From December 2010 until February 2011, a period of approximately 3 months, Mr. Imbertson received 17 customer complaints, each alleging that he had engaged in unauthorized trading.  It is unheard of for a broker to receive this many complaints of unauthorized trading in such a short period of time in the financial industry.  One additional complaint was filed after Mr. Imbertson was terminated. Merrill Lynch quickly settled all 18 outstanding complaints within the few months following his termination.

Imbertson was terminated by Merrill Lynch on March 21, 2011.  On Imbertson’s U-5 form, Merrill Lynch lists the cause for his termination as “content involving exercising time and price discretion in customer accounts.”  Form U5, one of several registration forms for electronic filing in FINRA’s CRD (Central Registration Depository), is used by broker-dealers to register, and terminate the registrations of, associated persons with self-regulatory organizations.

If you have suffered losses as a client of  Mark E. Imbertson, call the law offices of Levin Papantonio or fill out a free claim evaluation form on this site.  You may be entitled to recover your losses.