ABU B M FARUKH is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES & ASSOCIATES, INC. located at 575 MARKET STREET, SUITE 3900, SAN FRANCISCO, CA, 94105.
ABU B M FARUKH has worked at RAYMOND JAMES & ASSOCIATES, INC. since March 05, 2012
ABU B M FARUKH has 4 Disclosure Event(s).
Date: December 12, 2011 Category: Employment Separation After Allegations Firm Name: MORGAN STANLEY SMITH BARNEY, LLC Termination Type: Discharged Allegations: FINANCIAL ADVISOR ENGAGED IN TIME AND PRICE DISCRETIONARY TRADES PER CLIENT VERBAL INSTRUCTIONS, WITHOUT WRITTEN AUTHORIZATION TO DO SO
Date: June 13, 2006 Category: Customer Dispute Allegations: CLIENT ALLEGES FINANCIAL ADVISOR MISMANAGED HER ACCOUNT FROM 2004-2005. Damage Amount Requested: $34,952.18
Date: February 28, 2001 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT FINANCIAL ADVISOR ABU FARUKH DID NOT "FOLLOW [HIS] INSTRUCTIONS" TO SELL NORTEL SYSTEMS, QUALCOM AND DISNEY, RESULTING IN A "LOSS OF $5,500.00". Damage Amount Requested: $5,500.00 Broker Comment: UPON REVIEW MSDW DETERMINED THAT THE CLAIM LACKED MERIT AND DENIED IT.
Date: July 06, 1990 Category: Customer Dispute Allegations: ALLEGED BREACH OF FIDUCIARY DUTY,UNAUTHORIZED TRADING, UNSUITABILITY, MISREPRESENTATION ANDFAILURE TO SUPERVISE DURING THE PERIOD APRIL 1987-OCTOBER1988;REQUESTED COMPENSATORY DAMAGES OF $117K PLUS UNSPECIFIEDPUNITIVE DAMAGES AND ATTORNEY'S FEES. Damage Amount Requested: $117,000.00 Settlement Amount: $65,000.00 Broker Comment: DEAN WITTER SETTLED THIS MATTER FOR $65K WITHOUTADMISSION OF LIABILITY IN EXCHANGE FOR A COMPLETE RELEASE OFANY CLAIMS CUSTOMER MAY HAVE AGAINST DEAN WITTER AND MR.FARUKH.DEAN WITTER SETTLED THIS MATTER IN ORDER TO AVOIDTHE UNCERTAINTY AND EXPENSE OF LITIGATION. MR. FARUKH WAS NOTASKED TO CONTRIBUTE TO THE SETTLEMENT.
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