Former Merrill Lynch Broker Frank Zito Discharged Over Allegations of Selling Away
Frank Zito was discharged from Merrill Lynch earlier this year in connection to allegations that he participated in selling away and failed to inform the firm that he was involved in outside business activities. This alleged misconduct violated the firm's standards, resulting in his termination. He is currently registered as a broker with the investment firm of Coker & Palmer.
According to his BrokerCheck report, Zito has been the subject of two customer disputes, with allegations of misrepresentation and unsuitable investment recommendations during the time in which he was working at Merrill Lynch. One complaint is currently pending and requests damages of $571,000.
In addition to working for Merrill Lynch, he was also registered with Morgan Keegan & Company, Amsouth Investment Services, Invest Financial Corporation, Deposit Guaranty Investments, and Prudential Securities.
If you suffered financial losses while working with Frank Zito, you are encouraged to call the investment fraud attorneys at Meyer Wilson. Our team is experienced in representing investors across the nation who have been the victims of Ponzi Schemes and selling away. Since we accept cases on a contingency basis, we won't get paid until we recover money on your behalf. Give our office a call today at (888) 390-6491 for a free consultation. You may be able to recoup some or all of your losses.