Last Updated: December 2023 (Jupiter, Florida)
Bernie Adair Investigation Summary
Here’s what you need to know about Jupiter, FL, stockbroker Bernie Adair:
- Name: Mr. Bernard George Adair
- Current Employer: Merrill Lynch Pierce Fenner & Smith
- Previous Firms: Dominick & Dominick, Gulfstream Financial Associates
- Function: Stock Broker/ Financial Advisor
- Aliases: Bernie Adair
- Primary Location: Jupiter, FL
- CRD 1535429
- Can Bernie Adair be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $100,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Bernie Adair As Your Stockbroker?
Bernie Adair discloses 9 prior customer disputes, including:
- Merrill Lynch customer paid $86,250 to resolve allegations that Adair misappropriated funds, made misrepresentations and unsuitable recommendations.
- Merrill Lynch customer paid $100,000 to resolve allegations that Adair made unsuitable recommendations and misrepresentations in connection with an investment in a variable annuity
- Merrill Lynch customer paid $45,000 to resolve allegations that Adair made unauthorized trades, failed to follow instructions and made unsuitable recommendations.
- Merrill Lynch customer paid $75,000 to settle claim that Adair made unauthorized trades, unauthorized use of margin borrowing and unsuitable recommendations
Allegations of Broker Misconduct Against Bernie Adair
Customers of Bernie Adair have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Unauthorized Trades
- Failed to follow instructions.
- Unauthorized use of margin borrowing
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
See this for our prior investigations of Merrill Lynch brokers.
If you have suffered investment losses in an account handled by Bernie Adair, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
