NASD Registered Person: ROSS H MANDELL
CRD Number: 1219720
CUSTOMER COMPLAINTS(cont.)
* Disposition Date: The disposition date of the arbitration, reparation
or litigation.
* Summary: Details related to the circumstances of the
complaint.
********************************************************************************
******** CUSTOMER COMPLAINT (1 of 6) ********
Reporting Source: Broker (Form U-4)
Date Reported: 03/28/2002
Date Received: 12/19/1997
Employing Firm: ROAN CAPITAL
Allegations: MISREPRESENTATION, UNAUTHORIZED TRADING, UNSUITABLE INVESTMENTS
Alleged Damages: $1,000,000.00
Action Pending?: No
Resolution: Arbitration/Reparation
Resolution
Date: 12/16/1999
Arbitration/Reparation
Details: NASD CASE # 97-5936
Service Date: 12/19/1997
Pending?: No
Disposition: Settled
Disposition
Date: 12/16/1999
Monetary Compensation
Amount: $75,000.00
Individual Contribution
Amount: $75,000.00
Disposition
Details: RATHER THAN ARBITRATE THE ABOVE MATTER AN ECONOMIC DECISION WAS
MADE TO SETTLE THE ISSUE RATHER THAN PAY THE EXPENSE OF LEGAL
FEES TO ARBITRATE.
******** CUSTOMER COMPLAINT (2 of 6) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 03/07/2000
Case Filed With: NASD
Date Initiated: 02/28/1991
Case Number: 91-00077
Employing Firm: RODMAN & RENSHAW, INC.
Allegations: BRCH OF FIDUCIARY DT; ACCOUNT RELATED-BREACH OF CONTRACT;
MISREPRESENTATION;
Alleged Damages: $1,000,000.00
Pending?: No
Disposition: Award
Disposition
Date: 03/03/1992
Disposition
Details: RESPONDENT ROSS MANDELL SHALL PAY CLAIMANT, COMPENSATORY
DAMAGES OF $16,691.00 PLUS INTEREST AT THE RATE OF 7% PER
ANNUM FROM JANUARY 4, 1990 UNTIL PAID IN FULL. CLAIMANT'S
CLAIM FOR PUNITIVE DAMAGES IS DENIED.
NASD Public Disclosure Program October 02, 2002 Page 13
This information is current as of: 10/02/2002
________________________________________________________________________________
NASD Registered Person: ROSS H MANDELL
CRD Number: 1219720
CUSTOMER COMPLAINTS(cont.)
***********************************
Reporting Source: Firm (Form U-5)
Date Reported: 05/27/1992
Date Received:
Employing Firm: RODMAN & RENSHAW, INC.
Allegations: UNSUITABLE INVESTMENTS AND UNAUTHORIZED TRADING. ALLEGED
DAMAGES OF $108,000.00
Alleged Damages: $1,000,000.00
Action Pending?: No
Resolution: Arbitration/Reparation
Resolution
Date:
Arbitration/Reparation
Details: National Association of Securities Dealers, Inc.; 91-00077
Service Date: 02/28/1991
Pending?: No
Disposition: Award to Customer
Disposition
Date: 03/03/1992
Monetary Compensation
Amount: $16,691.00
Individual Contribution
Amount: $16,691.00
Disposition
Details: MANDELL TO PAY CLAIMANT $16,691.00 Not Provided
***********************************
Reporting Source: Broker (Form U-4)
Date Reported: 03/28/2002
Date Received: 02/28/1991
Employing Firm: RODMAN & RENSHAW, INC.
Allegations: UNSUITABLE INVESTMENTS AND UNAUTHORIZED TRADING. ALLEGED
DAMAGES OF $1,000,000.
Alleged Damages: $1,000,000.00
Action Pending?: No
Resolution: Arbitration/Reparation
Resolution
Date: 03/03/1992
Arbitration/Reparation
Details: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.; 91-00077
Service Date: 02/28/1991
Pending?: No
Disposition: Award to Customer
Disposition
Date: 03/03/1992
Monetary Compensation
Amount: $16,691.00
Individual Contribution
Amount: $16,691.00
Disposition
Details: MANDELL TO PAY CLAIMANT $16,691.00.
******** CUSTOMER COMPLAINT (3 of 6) ********
NASD Public Disclosure Program October 02, 2002 Page 14
This information is current as of: 10/02/2002
________________________________________________________________________________
NASD Registered Person: ROSS H MANDELL
CRD Number: 1219720
CUSTOMER COMPLAINTS(cont.)
Reporting Source: Regulator (Form U-6)
Date Reported: 03/07/2000
Case Filed With: NASD
Date Initiated: 02/27/1987
Case Number: 87-00568
Employing Firm: OPPENHEIMER & CO., INC.
Allegations: SUITABILITY; UNAUTHORIZED TRADING
Alleged Damages: $45,830.15
Pending?: No
Disposition: Award
Disposition
Date: 06/08/1989
Disposition
Details: RESPONDENTS OPPENHEIMER & CO., AND ROSS H. MANDELL ARE JOINTLY
AND SEVERALLY LIABLE AND SHALL PAY TO THE CLAIMANTS THE SUM OF
$1,229.23. NO INTEREST IS AWARDED ON THIS AMOUNT.
***********************************
Reporting Source: Firm (Form U-5)
Date Reported: 03/22/2000
Date Received:
Employing Firm:
Allegations: ALLEGING THAT THE FIRM SHOULD RESTORE TO THEM THEIR ORIGINAL
$51,903.28 INVESTMENT IN THEIR ACCOUNT BECAUSE FIVE
TRANSACTIONS IN APRIL AND MAY OF 1986 WERE EXECUTED BY MR.
MANDELL WITHOUT THEIR AUTHORIZATION
Alleged Damages: $51,903.28
Action Pending?: No
Disposition
Details: ON JULY 11, 1986, THE FIRM ADVISED THE SCHAERS THAT THEY HAD
REJECTED THEIR CHARGES AGAINST MR. MANDELL AND DECLINED TO
RESCIND THEIR TRADES WITH THE FIRM. CONTACT: BETH MESSER AT
(212) 825-8272.
***********************************
Reporting Source: Broker (Form U-4)
Date Reported: 03/28/2002
Date Received: 05/01/1986
Employing Firm: OPPENHEIMER & CO., INC.
Allegations: ALLEGED FIVE UNAUTHORIZED TRADES IN APRIL AND MAY 1986
Alleged Damages: $45,830.15
Action Pending?: No
Resolution: Arbitration/Reparation
Resolution
Date: 06/08/1989
Arbitration/Reparation
Details: NASD; 87-00568
Service Date: 02/27/1987
Pending?: No
Disposition: Award to Customer
Disposition
Date: 06/08/1989
Monetary Compensation
Amount: $1,229.23
NASD Public Disclosure Program October 02, 2002 Page 15
This information is current as of: 10/02/2002
________________________________________________________________________________
NASD Registered Person: ROSS H MANDELL
CRD Number: 1219720
CUSTOMER COMPLAINTS(cont.)
Individual Contribution
Amount: $0.00
Disposition
Details: OPPENHEIMER & CO. FOUND LIABLE FOR $14,250.00. MR. MANDELL AND
OPPENHEIMER & CO. FOUND JOINTLY AND SEVERALLY LIABLE FOR
$1229.23. MR. MANDELL DID NOT CONTRIBUTE TOWARDS SETTLEMENT.
******** CUSTOMER COMPLAINT (4 of 6) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 03/07/2000
Case Filed With: NASD
Date Initiated: 06/06/1991
Case Number: 91-01668
Employing Firm: RODMAN & RENSHAW, INC.
Allegations: BRCH OF FIDUCIARY DT; MISREPRESENTATION; UNAUTHORIZED TRADING;
CHURNING
Alleged Damages: $193,000.00
Pending?: No
Disposition: Award
Disposition
Date: 01/07/1993
Disposition
Details: RESPONDENTS ROSS MANDELL AND RODMAN & RENSHAW ARE JOINTLY AND
SEVERALLY LIABLE AND SHALL PAY TO CLAIMANT THE SUM OF
$25,000.00. THE CLAIMS FOR INTEREST AND PUNITIVE DAMAGES ARE
DISMISSED.
***********************************
Reporting Source: Broker (Form U-4)
Date Reported: 03/28/2002
Date Received: 06/06/1991
Employing Firm: RODMAN & RENSHAW, INC.
Allegations: UNSUITABLE INVESTMENTS AND UNAUTHORIZED TRADING
Alleged Damages: $193,000.00
Action Pending?: No
Resolution: Arbitration/Reparation
Resolution
Date: 01/07/1993
Arbitration/Reparation
Details: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.; 91-01668
Service Date: 06/06/1991
Pending?: No
Disposition: Award to Customer
Disposition
Date: 01/07/1993
Monetary Compensation
Amount: $100,000.00
Individual Contribution
Amount: $0.00
Disposition
Details: RESPONDENTS ROSS MANDELL AND RODMAN & RENSHAW FOUND JOINTLY AND
SEVERALLY LIABLE FOR THE SUM OF $25,000. MANDELL DID NOT
CONTRIBUTE.
NASD Public Disclosure Program October 02, 2002 Page 16
This information is current as of: 10/02/2002
________________________________________________________________________________
NASD Registered Person: ROSS H MANDELL
CRD Number: 1219720
CUSTOMER COMPLAINTS(cont.)
******** CUSTOMER COMPLAINT (5 of 6) ********
Reporting Source: Regulator (Form U-6)
Date Reported: 03/07/2000
Case Filed With: NASD
Date Initiated: 08/28/1989
Case Number: 88-02705
Employing Firm:
Allegations: MISREPRESENTATION; UNAUTHORIZED TRADING
Alleged Damages: $9,975.00
Pending?: No
Disposition: Award
Disposition
Date: 08/21/1989
Disposition
Details: RESPONDENT IS LIABLE AND WILL PAY TO THE CLAIMANT THE SUM OF
$250.00.
***********************************
Reporting Source: Broker (Form U-4)
Date Reported: 03/28/2002
Date Received: 08/28/1989
Employing Firm:
Allegations: MISREPRESENTATION, UNAUTHORIZED TRADING. ALLEGED DAMAGES OF
$9,975.
Alleged Damages: $9,975.00
Action Pending?: No
Resolution: Arbitration/Reparation
Resolution
Date: 08/21/1989
Arbitration/Reparation
Details: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.; 88-02705
Service Date: 08/28/1989
Pending?: No
Disposition: Award to Customer
Disposition
Date: 08/21/1989
Monetary Compensation
Amount: $250.00
Individual Contribution
Amount: $250.00
Disposition
Details: MANDELL PAID CLIENT $250. CLIENT WAS SEEKING $9975.
******** CUSTOMER COMPLAINT (6 of 6) ********
Reporting Source: Firm (Form U-5)
Date Reported: 04/09/1991
Date Received:
Employing Firm:
Allegations: CUSTOMERS, ALL MEMBERS OF THE SAME FAMILY, ALLEGED UNAUTHORIZED
TRADING CHURNING, UNSUITABILITY AND BREACH OF FIDUCIARY DUTY
RESULTING IN DAMAGES OF $780,000 + INTEREST AND ATTORNEYS
FEES. CUSTOMERS ALSO SOUGHT AN ACCOUNTING OF THE ACTIVITY IN
NASD Public Disclosure Program October 02, 2002 Page 17
This information is current as of: 10/02/2002
________________________________________________________________________________
NASD Registered Person: ROSS H MANDELL
CRD Number: 1219720
CUSTOMER COMPLAINTS(cont.)
THEIR ACCOUNTS.
Alleged Damages: $780,000.00
Action Pending?: No
Resolution: Arbitration/Reparation
Resolution
Date:
Arbitration/Reparation
Details: National Association of Securities Dealers, Inc.; 90-03257
Service Date: 02/20/1991
Pending?: No
Disposition: Settled
Disposition
Date: 06/24/1993
Monetary Compensation
Amount: $190,000.00
Individual Contribution
Amount: $5,000.00
Disposition
Details: SETTLED FOR $190,000. PRUDENTIAL SECURITIES, INC. CONTRIBUTED
$150,000. D.H. BLAIR & CO. INC. CONTRIBUTED $35,000.00 AND
ROSS J. MANDEL CONTRIBUTED $5,000. Not Provided
***********************************
Reporting Source: Broker (Form U-4)
Date Reported: 03/28/2002
Date Received: 02/20/1991
Employing Firm: PRUDENTIAL-BACHE SECURITIES INC.
Allegations: EXCESSIVE TRADING WITH ALLEGED DAMAGES OF $778,374.00. CLIENTS
DID NOT SPECIFY WHAT TYPE OF SECURITIES WERE INVOLVED.
Alleged Damages: $778,374.00
Action Pending?: No
Resolution: Settlement
Resolution
Date: 04/30/1991
Settlement
Amount: $190,000.00
Individual
Contribution: $5,000.00
Arbitration/Reparation
Details: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC.; 90-03257
Service Date: 02/20/1991
Pending?: No
Disposition: Settled
Disposition
Date: 06/24/1993
Monetary Compensation
Amount: $190,000.00
Individual Contribution
Amount: $5,000.00
Disposition
Details: THE CASE WAS SETTLED BY PRUDENTIAL BACHE. MR. MANDELL
CONTRIBUTED $5,000.00.
NASD Public Disclosure Program October 02, 2002 Page 18
This information is current as of: 10/02/2002
________________________________________________________________________________
NASD Registered Person: ROSS H MANDELL
CRD Number: 1219720
********************************************************************************
BANKRUPTCY/SIPC/COMPROMISE WITH CREDITORS ACTIONS
********************************************************************************
DISCLOSURE INFORMATION
This section contains information regarding certain financial events that were
reported to CRD. These events are disclosable through the Public Disclosure
Program and include bankruptcies, SIPC liquidations and compromises with
creditors filed within the past 10 years.
Some of the fields in this section of the report may be blank if the information
was not provided to CRD.
** OCCURRENCE COUNTS ** 1 Record(s)
********************************************************************************
** FIELD DEFINITIONS **
* Reporting Source: The form through which details of the bankruptcy
action was reported to CRD.
* Date Reported: The date the action was reported to CRD.
* Action Type: The type of action (e.g., bankruptcy, compromise,
liquidated, etc.).
* Date Initiated: Date the action was initiated or filed.
* Court details: Details regarding the court the action was brought
in (e.g., name and location of court, docket/case
number, etc.).
* Action Pending?: An indication (i.e., yes or no) as to whether the
action is still pending.
* Disposition: The disposition of the action (e.g., discharged,
direct payment procedure, dismissed, etc.).
* Disposition Date: The disposition date of the action.
* SIPC details: Details regarding proceedings initiated under the
Securities Investor Protection Act (SIPA) (i.e.,
amount paid or agreed to be paid or the name of the
trustee).
* SIPA Date: Date SIPA trustee was appointed or direct payment
procedure was initiated/filed.
* Disposition Details: Details regarding the status and/or disposition of
the action.
* Summary: A summary of the events leading to the action.
********************************************************************************
************ BANKRUPTCY (1 of 1) ************
Reporting Source: Broker (Form U-4)
Date Reported: 03/28/2002
Action Type: Bankruptcy
Date Initiated: 10/17/2001
Court Details: UNITED STATES BANKRUPCY COURT, S.D.N.Y. NEW YORK, NY CASE# 01 B
15383 CHAPTER 11
Action Pending?: Yes
SIPA Date:
Disposition
Details:
Summary: ON OCTOBER 17, 2001, TICKETPLANET.COM DECLARED BANKRUPCY IN THE
STATE OF NEW YORK. MR. MANDELL OWNS OVER 25% OF THE STOCK
WHICH MAKES HIM A CONTROL PERSON. MR. MANDELL WAS NOT AN
OFFICER OF THE COMPANY.
************ END OF REPORT ************ |
