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Aaron Ungerer Allegedly Executed Unauthorized Trades

Aaron Ungerer (CRD #: 5086742), a broker registered with Merrill Lynch, Pierce, Fenner, & Smith, is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on December 20, 2023. Details concerning this dispute are provided below. 

On November 13, 2023, an investor alleged that Aaron Ungerer executed unauthorized trades from October 2021 through November 2023. The dispute was denied, but investors should know that firms can deny disputes without any external review. Our securities attorneys can still recover losses following a denial via FINRA arbitration. 

Unauthorized Trading

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved discretionary accounts.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unauthorized trading violates this rule. 

Background Information 

Aaron Ungerer has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 26 states and is a registered investment adviser in Missouri and Texas. 

Besides Merrill Lynch, Aaron Ungerer has also registered with Banc of America Investment Services (CRD #: 16361). 

Kurta Law Can Help 

If you have worked with Aaron Ungerer and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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