Did you lose money with Patrick J. Sands? If so, Stoltmann Law Offices is interested in speaking with you about your possible recovery options. Please call our Chicago-based securities law firm at 312-332-4200 for a free consultation with an attorney. You may be able to bring a claim against his former firm, Merrill Lynch, Pierce, Fenner & Smith for any selling away losses you may have incurred. Sands was terminated from Merrill Lynch for selling away practices, which is when a broker recommends or sells a security that is not offered by his member firm. It is used to generate large commissions for the broker. In many cases, the firm may be held liable for investment losses because it has a regulatory duty to supervise its brokers and the transaction itself to ensure that the securities are suitable for investors.
Patrick J Sands was registered with Suretrade in Lincoln, Rhode Island, Quick & Reilly in New York, New York from March 2001 until October 2004, Banc of America Investment Services in Newton, Massachusetts from October 2004 until October 2009 and Merrill Lynch in Quincy, Massachusetts from October 2009 until December 2015. He has one customer dispute against him and is not licensed within the industry, according to his online Financial Industry Regulatory Authority (FINRA) BrokerCheck report. Please call our securities law firm soon to speak to an attorney, as time is of the essence with these cases. We take cases on a contingency fee basis only so we only get paid if you recover money.