ADAM ROBERT RITZER is currently employed as a Broker and/or Investment Adviser at R.W.PRESSPRICH & CO. located at 452 FIFTH AVENUE, NEW YORK, NY, 10018.
ADAM ROBERT RITZER has worked at R.W.PRESSPRICH & CO. since October 12, 2011
Disclosure History
ADAM ROBERT RITZER has 9 Disclosure Event(s).
Date: October 12, 2012 Category: Regulatory
Date: April 13, 2011 Category: Employment Separation After Allegations Firm Name: CRT CAPITAL GROUP LLC Termination Type: Permitted to Resign Allegations: FAILURE TO TIMELY REPORT DISCLOSABLE EVENTS IN VIOLATION OF FIRM POLICIES AND PROCEDURES AND INDUSTRY RULES. Broker Comment: MR RITZER WAS UNAWARE OF HIS THE REQUIREMENT TO DISCLOSE A DOMESTIC DISPUTE. THE CHARGES HAVE SINCE BEEN DISMISSED.
Date: March 30, 2011 Category: Criminal Charges: VIOLATION OF PROTECTIVE ORDER Disposition: Amended Amended Charges: VIOLATION OF CONDITIONS OF RELEASE Amended Charge Type: MISDEMEANOR Amended Charge Amended Charge Disposition: Pled guilty
Date: December 13, 2010 Category: Criminal Charges: PROTECTIVE ORDER VIOLATION Disposition: Amended Amended Charges: VIOLATION OF CONDITION OF RELEASE Amended Charge Type: MISDEMEANOR Amended Charge Amended Charge Disposition: Pled guilty
Date: December 04, 2008 Category: Criminal Charges: STRANGULATION SECOND DEGREE Disposition: Dismissed
Date: June 30, 1999 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT ADAM RITZER ENTERED TRADES WITHOUT HIS AUTHORIZATION AND CHURNED HIS ACCOUNT. DAMAGES ALLEGED TO BE BETWEEN $4,000 AND $6,000 Damage Amount Requested: $6,000.00
Date: September 08, 1995 Category: Customer Dispute Allegations: CLAIMANT ALLEGE THAT RITZER CONTINUED TO HOLDIN THEIR ACCOUNTS CERTAIN UNSUITABLE INVESTMENTS IN EASTERNAIRLINES AND PAN AM BONDS THAT WERE PURCHASED WHEN MR. RITZERWAS AT SHEARSON. CLAIMANTS ALSO ALLEGE THAT HE CONTINUED TO ADDTO THOSE POSITIONS WHILE AT OPPENHEIMER. DAMAGES ARE ALLEGED TOBE $142,400.00. Damage Amount Requested: $178,000.00 Settlement Amount: $31,000.00 Broker Comment: CLAIMS AGAINST SMITH BARNEY SETTLED FOR$31,000.00.Not Provided
Date: May 13, 1994 Category: Customer Dispute Allegations: EXCESSIVE TRADING: SUITABILITY: ALLEGEDDAMAGES $86,000.00: PUNITIVE $500,000.00 Damage Amount Requested: $86,000.00 Settlement Amount: $29,500.00 Broker Comment: THE CASE WAS SETTLED FOR $29,500.00 TO AVOID THETIME RISK AND EXPENSE OF TRYING THE CASE. I WILL CONTRIBUTE$2,000.00 TO THE SETTLEMENT.I HAVE AGREED TO SETTLE THE CASE FOR $2,000 TOAVOID THE COST OF HIRING AN ATTORNEY TO ARBITRATE THE CASE FORME.
Date: September 04, 1991 Category: Customer Dispute Allegations: NEGLIGENCE, FRAUD, EXCESSIVE TRADING,SUITABILITY, UNAUTHORIZED TRADING. ALLEGED DAMAGES OF$495,209.00 Damage Amount Requested: $90,000.00 Settlement Amount: $45,000.00 Broker Comment: THERE WAS NO EVIDENCE OF UNSUITABILITY,MISREPRESENTATION OR EXCESSIVE TRADING AT OPPENHEIMER, IN FACT,AT OPPENHEIMER, CLAIMANT'S LOSSES WERE OCCASIONED BY MARGINLIQUIDATIONS OF AIRLINE STOCK WHICH DECLINED PRECIPITIOUSLYDURING THE PERSIAN GULF WAR. CLAIMANT INDICATED A NET WORTH OF$1.0 MILLION & ANNUAL INCOME OF $100,000 & INVESTMENT OBJECTIVEOF "TRADING SHORT TERM." IN ORDER TO AVOID THE COSTS ANDUNCERTAINTIES OF LITIGATION. THE MATTER WAS SETTLED FOR $35,000AND THE DEBIT BALANCE IN CLAIMANT'S ACCOUNT ($45,000) WASWRITTEN OFF.CUSTOMER WAS ENGAGING IN SPECULATIVE TRADINGTACTICS FOR YEARS PRIOR TO OUR RELATIONSHIP. CUSTOMER HAD O.K.ON EVERY TRADE NO UNAUTHORIZED TRADING. CUSTOMER HAD POSITIONSIN STOCKS OR SECURITIES OPPENHEIMER HAD RECOMENDATIONS ON. ALLTRADES WAS SUITABLE BASED ON HIS OBJECTIVES. MATTER WAS SETTLEDFOR SIGNIFICANTLY LESS THAN ASKED.
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