Unsuitable Investment Recommendations Alleged Against Former Merrill Lynch Broker Harold Reinstein

According to publicly available FINRA BrokerCheck records, Sonn Law Group is reviewing disclosures involving Harold Reinstein (CRD# 2516822), a securities broker who was formerly associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Broker Background

FINRA records indicate that Mr. Reinstein has been registered in the securities industry for more than a decade and has been associated with several brokerage firms during his career, including:

• J.P. Morgan Securities LLC, White Plains, New York (2023–Present)
• J.P. Morgan Private Wealth Advisors LLC, White Plains, New York (2022–2025)
• First Republic Securities Company, LLC, White Plains, New York (2022–2023)
• Merrill Lynch, Pierce, Fenner & Smith Incorporated, White Plains, New York (2009–2022)

This employment history is based solely on information reported to FINRA through BrokerCheck.

Customer Complaint Disclosure

According to the broker’s CRD report, Mr. Reinstein has been the subject of one customer complaint:

• July 2023 – A client alleged unsuitable investment recommendations and misrepresentations relating to investments made between March 2022 and February 2023. The complaint involved managed and wrap accounts. The customer reportedly sought approximately $2.6 million in damages, and the matter was settled for $200,000.

It is important to note that customer allegations are not findings of wrongdoing, and settlements may be reached for a variety of reasons without an admission of liability.

Potential Firm Responsibility

Under Financial Industry Regulatory Authority (FINRA) rules, brokerage firms are required to reasonably supervise the activities of their registered representatives. In certain circumstances, the firm where a broker was registered during the relevant time period may bear responsibility for investor losses tied to unsuitable recommendations, misrepresentations, or supervisory failures.

As a result, firms such as Merrill Lynch may face scrutiny where alleged misconduct occurred while the broker was registered with the firm.

How Sonn Law Group May Help

Sonn Law Group represents investors nationwide in matters involving securities fraud, unsuitable investment recommendations, misrepresentation, and failures to supervise. Our firm focuses on FINRA arbitration and other avenues for investor recovery and helps clients understand their potential options after experiencing investment losses.

If you invested with Harold Reinstein and have questions about losses in managed or wrap accounts, you may wish to speak with a securities fraud attorney to better understand your rights.

Contact Sonn Law Group for a confidential, no-obligation consultation to discuss your situation.