Merrill Lynch Sued For Failure To Execute In COVID Crash

Cristiano Tempo Castellini of Beverly Hills California a stockbroker currently associated with Merrill Lynch Pierce Fenner Smith Incorporated has been referenced in a customer initiated investment related written complaint on April 16, 2020 in which the customer requested unspecified damages supported by allegations that the customer’s instructions had not been followed by the stockbroker between February of 2020 and April of 2020 resulting in losses for the customer’s Merrill Lynch account.

“Would have, should have, could have.”  We have no clue.  However, this is not the first time that Castellini has been accused of improprieties by an investor. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that another customer initiated investment related complaint in reference to Castellini’s conduct was resolved for $75,000.00 in damages based upon accusations that the customer’s account was overconcentrated by the stockbroker in over-the-counter equities and that the customer was placed into unsuitable securities during the time that Castellini was associated with Merrill Lynch.

Castellini has been associated with Merrill Lynch since October 17, 2014.