NASD Registered Person: SVEN HELGE MONBERG
CRD Number: 826170
********************************************************************************
CURRENT EMPLOYMENT
Employing Firm: GUNNALLEN FINANCIAL, INC
Firm CRD Number: 17609
Office of Employment address: 110 E ATLANTIC BLVD
SUITE 150
DELRAY BEACH, FL 33444
USA
Start Date: 03/28/2002 End Date: to present
*************** PREVIOUS EMPLOYMENT (1 of 2) ***************
NASD Public Disclosure Program July 25, 2003 Page 3
This information is current as of: 07/25/2003
________________________________________________________________________________
NASD Registered Person: SVEN HELGE MONBERG
CRD Number: 826170
PREVIOUS EMPLOYMENT(cont.)
Employing Firm: STARR SECURITIES, INC.
Firm CRD Number:
Office of Employment address: NY, NY
Start Date: 06/1999 End Date: 03/2002
*************** PREVIOUS EMPLOYMENT (2 of 2) ***************
Employing Firm: TUCKER ANTHONY INCORPORATED
Firm CRD Number:
Office of Employment address: ROCHESTER, NY
Start Date: 03/1987 End Date: 06/1999
NASD Public Disclosure Program July 25, 2003 Page 4
This information is current as of: 07/25/2003
________________________________________________________________________________
NASD Registered Person: SVEN HELGE MONBERG
CRD Number: 826170
******** CUSTOMER COMPLAINT (1 of 2) ********
Reporting Source: Firm (Form U-5)
Date Reported: 04/19/2002
Date Received:
Employing Firm:
Allegations:
Alleged Damages: $22,000.00
Action Pending?: No
Resolution: Civil Litigation
Resolution
Date: 03/01/1984
Service Date: 11/01/1980
Pending?: No
Disposition: Settled
Disposition
Date: 03/01/1984
Monetary Compensation
Amount: $11,000.00
Individual Contribution
Amount: $1,500.00
Disposition
Details:
***********************************
Reporting Source: Broker (Form U-4)
Date Reported: 04/19/2002
Date Received:
Employing Firm:
Allegations: UNAUTHORIZED TRADE, ALLEGED DAMAGES $22,000.00
Alleged Damages: $22,000.00
Action Pending?: No
Resolution: Civil Litigation
Resolution
Date: 03/01/1984
Service Date: 11/01/1980
Pending?: No
Disposition: Settled
Disposition
Date: 03/01/1984
Monetary Compensation
Amount: $11,000.00
Individual Contribution
Amount: $1,500.00
Disposition
Details: $11,000.00 SETTLEMENT COMPLAINT FILED AFTER PRECIPITOUS DECLINE
IN PRICE OF STOCK. I CONTRIBUTED $1,500.00 OF TOTAL AWARD. I
NASD Public Disclosure Program July 25, 2003 Page 6
This information is current as of: 07/25/2003
________________________________________________________________________________
NASD Registered Person: SVEN HELGE MONBERG
CRD Number: 826170
CUSTOMER COMPLAINTS(cont.)
DID NOT TRADE WITHOUT MR. STEVENS AUTHORIZATION, BUT I DID NOT
WISH TO LITIGATE WITH A CLIENT IN HIS MID-80'S.
******** CUSTOMER COMPLAINT (2 of 2) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 07/07/1992
Case Filed With: NASD
Date Initiated: 07/07/1992
Case Number: 92-01986
Employing Firm: TUCKER ANTHONY INC.
Allegations: CLAIMANTS ALLEGED THAT RESPONDENTS MADE FALSE AND MISLEADING
STATEMENTS AND OMISSIONS IN CONNECTION WITH CLAIMANTS' FOUR
RELATED ACCOUNTS. CLAIMANTS FURTHER ALLEGED THAT RESPONDENTS
ENGAGED IN FRAUDULENT CONDUCT BY RECOMMENDING AND PURCHASING
UNSUITABLE INVESTMENTS FOR CLAIMANTS AND BREACHED THE
FIDUCIARY DUTY OWED TO CLAIMANTS. CLAIMANTS FURTHER ALLEGED
THAT RESPONDENT SVEN MONBERG VIOLATED ARTICLE III SECTION 2 OF
THE RULES OF FAIR PRACTICE OF THE NATIONAL SECURITIES DEALERS,
INC. CLAIMANTS FURTHER ALLEGED THAT RESPONDENTS ENGAGED IN
GROSSLY NEGLIGENT CONDUCT AND/OR RECKLESS DISREGARD FOR THE
CLAIMANTS INVESTMENT OBJECTIVES, NEEDS AND FINANCIAL
CIRCUMSTANCES. CLAIMANTS FURTHER ALLEGED THAT RESPONDENTS
BREACHED THEIR CONTRACT WITH CLAIMANTS BY MAKING UNSUITABLE
INVESTMENTS ON CLAIMANTS' BEHALF IN LIGHT OF CLAIMANTS' STATED
INVESTMENT OBJECTIVES. CLAIMANTS FURTHER ALLEGED THAT
RESPONDENTS' CONDUCT ENTITLES THEM TO RECOVER DAMAGES AS A
RESULT OF RESPONDENTS' INVESTMENT ON CLAIMANT'S BEHALF.
Alleged Damages: $260,000.00
Pending?: No
Disposition: Other
Disposition
Date: 02/26/1994
Disposition
Details: AWARD AGAINST PARTY ** THE RESPONDENTS ARE HEREBY LIABLE
JOINTLY AND SEVERALLY AND SHALL PAY CLAIMANT THE SUM OF
$55,000. THE RESPONDENTS ARE HEREBY LIABLE JOINTLY AND
SEVERALLY AND SHALL PAY TO CLAIMANT THE SUM OF $21,500.00. THE
RESPONDENT ARE HEREBY LIABLE JOINTLY AND SEVERALLY AND SHALL
PAY TO CLAIMANT THE SUM OF $12,500. **
***********************************
Reporting Source: Broker (Form U-4)
Date Reported: 04/19/2002
Date Received:
Employing Firm: TUCKER ANTHONY INC.
Allegations: SUITABILITY; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED BREACH
OF CONTRACT; BREACH OF FIDUCIARY DT ALLEGED DAMAGES
$260,000.00 AWARD AMOUNT $89,000.00 BROKER DID NOT
PARTICIPATE IN AWARD
Alleged Damages: $260,000.00
Action Pending?: No
Resolution: Arbitration/Reparation
Resolution
Date: 02/26/1994
Arbitration/Reparation
Details: NASD; 92-01986
Service Date: 07/07/1992
Pending?: No
Disposition: Award to Customer
Disposition
Date: 02/26/1994
NASD Public Disclosure Program July 25, 2003 Page 7
This information is current as of: 07/25/2003
________________________________________________________________________________
NASD Registered Person: SVEN HELGE MONBERG
CRD Number: 826170
CUSTOMER COMPLAINTS(cont.)
Monetary Compensation
Amount: $89,000.00
Individual Contribution
Amount: $0.00
Disposition
Details: $89,000.00 AWARD CRUX OF COMPLAINT WAS OVER CONCENTRATION IN
SECURITY WITH EXCELLENT FINANCIAL TRACK RECORD, FAVORABLY
ENDORSED BY MY FIRM AND OTHER INDUSTRY ANALYSTS (A-RATED NYSE
LISTED) MISSTATED CO. FINANCIALS CAUSED STOCK PRICE TO PLUMMET
SUDDENLY. I WAS NOT ASKED TO PARTICIPATE IN THE AWARD.
************ END OF REPORT ************ |
