Investor Seeks Six Figures in Dispute with Ian Pajcic

Ian Pajcic (CRD #: 4032124), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, is the subject of a pending dispute, according to his BrokerCheck record, accessed on October 2, 2022. If you have questions about his conduct as a broker, read on.

Investor Dispute

On July 28, 2022, an investor alleged that Ian Pajcic recommended an unsuitable investment, made an omission of material fact, failed to follow an instruction from the client, and made an unauthorized purchase of a bond in August 2021. The client seeks $300,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to consider investors’ financial goals when making investment recommendations. Brokers must consult an investor’s profile, which contains the following investor characteristics:

• Age
• Financial goals
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulation, deception, or other fraudulent tactics to influence investors’ decisions. Omitting information about investments, such as their limitations, requirements, or other features violates this rule.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 3260

FINRA Rule 3260 restricts brokers to conducting discretionary trades only in discretionary accounts that have been approved for discretionary trading by the firm and the client.

Background Information

Ian Pajcic has passed the following exams:

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

Ian Pajcic is a registered broker in 34 states and a registered investment adviser in Florida and Texas.

Kurta Law Can Help

If you worked with Ian Pajcic and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.