FAHN - part 4
12/15/98: 1/13/95 NASD ARBITRATION
SUBJECT OF AN NASD ARBITRATION. THE ARBITRATION INVOLVED A PUBLIC CUSTOMER
AND WAS FILED BECAUSE OF THE FOLLOWING DISPUTE(S): CHURNING; SUITABILITY;
SUITABILITY; BRCH OF FIDUCIARY DT. THE AWARD INCLUDED: ACTUAL/COMPENSATORY
DAMAGES, AMOUNT ASKED BY CUSTOMER-$200,000.00; OTHER MONETARY RELIEF, AMOUNT
ASKED BY CUSTOMER-$10,000.00; ACTUAL/COMPENSATORY DAMAGES, AMOUNT ASKED BY
CUSTOMER-$115,000.00; PUNITIVE/EXEMPLARY DAMAGES, AMOUNT ASKED BY
CUSTOMER-$500,000.00; INTEREST, AMOUNT ASKED BY CUSTOMER-$0.00; ATTORNEY'S
FEES, AMOUNT ASKED BY CUSTOMER-$0.00; OTHER COSTS, AMOUNT ASKED BY
CUSTOMER-$0.00. RELIEF REQUESTS HAVE BEEN DENIED IN FULL. [NASD ARBITRATION
CASE NO. 92-04340]
12/15/98: 1/05/95 NASD ARBITRATION
SUBJECT OF AN NASD ARBITRATION AWARD. THE ARBITRATION INVOLVED A PUBLIC
CUSTOMER AND WAS FILED BECAUSE OF THE FOLLOWING DISPUTE(S): BRCH OF FIDUCIARY
DT; ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED-BREACH OF CONTRACT; ACCOUNT
RELATED - FAILURE TO SUPERVISE. THE AWARD INCLUDED: ACTUAL/COMPENSATORY
DAMAGES, AMOUNT ASKED BY CUSTOMER-$149,617.00, AMOUNT AWARDED TO
CUSTOMER-$156,000.00 JOINTLY AND SEVERALLY; INTEREST, AMOUNT ASKED BY
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CUSTOMER-$0.00, AMOUNT AWARDED TO CUSTOMER-$0.00 JOINTLY AND SEVERALLY;
ATTORNEY'S FEES, AMOUNT ASKED BY CUSTOMER-$0.00, AMOUNT AWARDED TO
CUSTOMER-$0.00 JOINTLY AND SEVERALLY; OTHER COSTS, AMOUNT ASKED BY
CUSTOMER-$0.00, AMOUNT AWARDED TO CUSTOMER-$0.00 JOINTLY AND SEVERALLY. [NASD
ARBITRATION CASE NO. 92-02673]
12/15/98: 1/03/95 NASD ARBITRATION
SUBJECT OF AN NASD ARBITRATION. THE ARBITRATION INVOLVED A PUBLIC CUSTOMER
AND WAS FILED BECAUSE OF THE FOLLOWING DISPUTE(S): SUITABILITY; CHURNING;
ACCOUNT RELATED - FAILURE TO SUPERVISE; BRCH OF FIDUCIARY DT. THE AWARD
INCLUDED: ACTUAL/COMPENSATORY DAMAGES, AMOUNT ASKED BY CUSTOMER-$250,000.00;
PUNITIVE/EXEMPLARY DAMAGES, AMOUNT ASKED BY CUSTOMER-$250,000.00; INTEREST,
AMOUNT ASKED BY CUSTOMER-$0.00; ATTORNEY'S FEES, AMOUNT ASKED BY
CUSTOMER-$0.00. RELIEF REQUESTS HAVE BEEN DENIED IN FULL. [NASD ARBITRATION
CASE NO. 94-05408]
12/15/98: 11/25/94 NASD ARBITRATION
SUBJECT OF AN NASD ARBITRATION AWARD. THE ARBITRATION INVOLVED A PUBLIC
CUSTOMER AND WAS FILED BECAUSE OF THE FOLLOWING DISPUTE(S):
MISREPRESENTATION; OMISSION OF FACTS; SUITABILITY; UNAUTHORIZED TRADING. THE
AWARD INCLUDED: ACTUAL/COMPENSATORY DAMAGES, AMOUNT ASKED BY
CUSTOMER-$200,000.00, AMOUNT AWARDED TO CUSTOMER-$25,000.00 JOINTLY AND
SEVERALLY; INTEREST, AMOUNT ASKED BY CUSTOMER-$0.00, AMOUNT AWARDED TO
CUSTOMER-$0.00 JOINTLY AND SEVERALLY; OTHER MONETARY RELIEF, AMOUNT ASKED BY
CUSTOMER-$0.00, AMOUNT AWARDED TO CUSTOMER-$0.00 JOINTLY AND SEVERALLY. [NASD
ARBITRATION CASE NO. 93-01748]
12/15/98: 8/29/94 NASD FINE
ACCEPTANCE, WAIVER AND CONSENT FILED 4/28/94; FAHNESTOCK & CO., INC. (MEMBER
FIRM) WAS FINED $800.00 BY THE NASD FOR ALLEGED VIOLATIONS OF SECTION C 2(D)
OF THE RULES OF PRACTICE AND PROCEDURE FOR SOES IN THAT THE CERTAIN
INDIVIDUALS ENTERED ORDERS ON AN AGENCY BASIS INTO SOES FOR SECURITIES IN
WHICH THEY WERE REGISTERED MARKET MAKERS. [NASD COMPLANT NO. CMS940036 AWC]
12/15/98: 7/11/94 NYSE ARBITRATION
SUBJECT OF A NEW YORK STOCK EXCHANGE ARBITRATION AWARD. THE ARBITRATION
INVOLVED A PUBLIC CUSTOMER AND WAS FILED BECAUSE OF THE FOLLOWING DISPUTE(S):
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FAILURE TO PROPERLY CANCEL A GOOD-TILL-CANCELLED ORDER. THE AWARD INCLUDED:
ACTUAL/COMPENSATORY DAMAGES, AMOUNT ASKED BY CUSTOMER $10,000.00, AMOUNT
AWARDED TO CUSTOMER $9,200.00. [NYSE ARBITRATION CASE NO. 1993-003506]
12/15/98: 6/28/94 MASSACHUSETTS FINE
THE FIRM AGREED WITH THE STATE OF MASSACHUSETTS TO PAY THE DIVISION COSTS OF
$3,500 AND A FINE OF $6,500 AND TO COMPLY WITH ALL STATUTES AND REGULATIONS
RELATING TO THE TRANSACTION OF BUSINESS IN SECURITIES IN MASSACHUSETTS. THE
STATE ALLEGED THAT THE FIRM ACQUIESCED IN AND APPROVED A "BOOK-SHARING"
ARRANGEMENT BY WHICH MASSACHUSETTS INVESTORS WERE MISLED AS TO THE
REGISTRATION STATUS OF ITS AGENTS, THEREBY CONSITUTING A DEVICE, SCHEME, OR
ARTIFICE TO DEFRAUD INVESTORS IN VIOLATION OF M.G.L. c. 110A SECTION 101. [MA
DOCKET/CASE NO. E-90-118]
12/15/98: 6/22/94 NASD ARBITRATION
SUBJECT OF AN NASD ARBITRATION AWARD. THE ARBITRATION INVOLVED A PUBLIC
CUSTOMER AND WAS FILED BECAUSE OF THE FOLLOWING DISPUTE(S): BRCH OF FIDUCIARY
DT; ACCOUNT RELATED - FAILURE TO SUPERVISE; MISREPRESENTATION; SUITABILITY.
THE AWARD INCLUDED: ACTUAL/COMPENSATORY DAMAGES, AMOUNT ASKED BY
CUSTOMER-$6,753.60, AMOUNT AWARDED TO CUSTOMER-$6,753.60 JOINTLY AND
SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, AMOUNT ASKED BY CUSTOMER-$44,520.90,
AMOUNT AWARDED TO CUSTOMER-$44,520.90 JOINTLY AND SEVERALLY;
ACTUAL/COMPENSATORY DAMAGES, AMOUNT ASKED BY CUSTOMER-$16,409.00, AMOUNT
AWARDED TO CUSTOMER-$16,409.00 JOINTLY AND SEVERALLY. [NASD ARBITRATION CASE
NO. 93-01989]
12/15/98: 6/02/94 NASD FINE
ACCEPTANCE, WAIVER AND CONSENT FILED 3/7/94; FAHNESTOCK & CO., INC. (MEMBER
FIRM) WAS FINED $250 BY THE NASD FOR VIOLATIONS OF ARTICLE III, SECTION 1 OF
THE ASSOCIATION'S RULES OF FAIR PRACTICE IN THAT MEMBER FIRM UPDATED
QUOTATIONS IN THE BULLETIN BOARD SYSTEM OUTSIDE THE ALLOWABLE TIME FOR
UPDATING FOREIGN OR ADR SECURITIES ON THE BULLETIN BOARD. [NASD COMPLAINT NO.
CMS940021 AWC]
12/15/98: 4/07/94 NASD ARBITRATION
SUBJECT OF AN NASD ARBITRATION. THE ARBITRATION INVOLVED A PUBLIC CUSTOMER
AND WAS FILED BECAUSE OF THE FOLLOWING DISPUTE(S): UNAUTHORIZED TRADING;
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CHURNING; ACCOUNT RELATED - FAILURE TO SUPERVISE; SUITABILITY. THE AWARD
INCLUDED: ACTUAL/COMPENSATORY DAMAGES, AMOUNT ASKED BY CUSTOMER-$86,317.00.
RELIEF REQUESTS HAVE BEEN DENIED IN FULL. [NASD ARBITRATION CASE NO.
92-04192]
12/15/98: 3/30/94 NASD ARBITRATION
SUBJECT OF AN NASD ARBITRATION AWARD. THE ARBITRATION INVOLVED A PUBLIC
CUSTOMER AND WAS FILED BECAUSE OF THE FOLLOWING DISPUTE(S): CHURNING;
SUITABILITY; ACCOUNT RELATED - FAILURE TO SUPERVISE; ACCOUNT
RELATED-NEGLIGENCE. THE AWARD INCLUDED: ACTUAL/COMPENSATORY DAMAGES, AMOUNT
ASKED BY CUSTOMER-$41,845.00, AMOUNT AWARDED TO CUSTOMER-$3,220.00 JOINTLY
AND SEVERALLY; ACTUAL/COMPENSATORY DAMAGES, AMOUNT ASKED BY CUSTOMER-$0.00,
AMOUNT AWARDED TO CUSTOMER-$2,558.00. [NASD ARBITRATION CASE NO. 93-01701]
12/15/98: 2/28/94 NYSE ARBITRATION
SUBJECT OF A NEW YORK STOCK EXCHANGE ARBITRATION AWARD. THE ARBITRATION
INVOLVED A PUBLIC CUSTOMER AND WAS FILED BECAUSE OF THE FOLLOWING DISPUTE(S):
FAILURE TO PLACE AN ORDER TO PURCHASE PURSUANT TO CUSTOMER'S INSTRUCTIONS. THE
AWARD INCLUDED: ACTUAL/COMPENSATORY DAMAGES, AMOUNT ASKED BY CUSTOMER
$50,000.00, AMOUNT AWARDED TO CUSTOMER $3,500.00. [NYSE ARBITRATION CASE NO.
1993-003283]
12/15/98: 2/04/94 NASD ARBITRATION
SUBJECT OF AN NASD ARBITRATION AWARD. THE ARBITRATION INVOLVED A PUBLIC
CUSTOMER AND WAS FILED BECAUSE OF THE FOLLOWING DISPUTE(S): SUITABILITY; BRCH
OF FIDUCIARY DT; ACCOUNT RELATED - FAILURE TO SUPERVISE; MISREPRESENTATION.
THE AWARD INCLUDED: ACTUAL/COMPENSATORY DAMAGES, AMOUNT ASKED BY
CUSTOMER-$169,734.00, AMOUNT AWARDED TO CUSTOMER-$146,488.00 JOINTLY AND
SEVERALLY. [NASD ARBITRATION CASE NO. 92-02358]
12/15/98: 1/06/94 NASD ARBITRATION
SUBJECT OF AN NASD ARBITRATION AWARD. THE ARBITRATION INVOLVED A PUBLIC
CUSTOMER AND WAS FILED BECAUSE OF THE FOLLOWING DISPUTE(S):
EXECUTIONS-EXECUTION PRICE. THE AWARD INCLUDED: ACTUAL/COMPENSATORY DAMAGES,
AMOUNT ASKED BY CUSTOMER-$28,500.00, AMOUNT AWARDED TO CUSTOMER-$28,506.00
JOINTLY AND SEVERALLY; INTEREST, AMOUNT ASKED BY CUSTOMER-$0.00, AMOUNT
AWARDED TO CUSTOMER-$0.00 JOINTLY AND SEVERALLY. [NASD ARBITRATION CASE NO.
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93-04410]
12/15/98: 12/21/93 NASD ARBITRATION
SUBJECT OF AN NASD ARBITRATION. THE ARBITRATION INVOLVED A PUBLIC CUSTOMER
AND WAS FILED BECAUSE OF THE FOLLOWING DISPUTE(S): BRCH OF FIDUCIARY DT;
ACCOUNT RELATED-NEGLIGENCE; ACCOUNT RELATED - FAILURE TO SUPERVISE;
SUITABILITY. THE AWARD INCLUDED: ACTUAL/COMPENSATORY DAMAGES, AMOUNT ASKED BY
CUSTOMER-$77,500.00; INTEREST, AMOUNT ASKED BY CUSTOMER-$31,080.90;
ATTORNEY'S FEES, AMOUNT ASKED BY CUSTOMER-$0.00; OTHER MONETARY RELIEF,
AMOUNT ASKED BY CUSTOMER-$0.00. RELIEF REQUESTS HAVE BEEN DENIED IN FULL.
[NASD ARBITRATION CASE NO. 92-03014] |
