Date: June 10, 1996 Category: Customer Dispute Allegations: MISREPRESENTATION NEGLIGENCE AND BREACH OFFIDUCIARY DUTY $100,000 Damage Amount Requested: $100,000.00 Settlement Amount: $15,000.00 Broker Comment: SETTLED FOR $7,500 CASH FROM ALEX SVISTONOFF AND$7500 CASH FROM QUEST SECURIT IES INC.IN OUT INTERVIEW, [CUSTOMER] ADVISED ME THATHE WANTED MAXIMUM INCOME. HE TOLD ME THAT HE HAD A NET WORTHIN EXCESS OF $2,000,000 AND THAT THERE WOULD BE NO PROBLEM INHIS INVESTING $100,000.00 IN A NOTE BECAUSE THAT MONEY WASDESIGNATED TO A CHARITABLE REMAINING TRUST. THIS WOULD ALLOWHIM TO GET THE INCOME AND TAX DEDUCTIONS ASSOCAITED WITH IT. [CUSTOMER] IMPRESSED ME A S A VERY KNOWLEDGEABLE INDIVIDUAL. HEHAD INVESTED QUITE A LARGE SUM IN NO LOAD MUTUAL FUNDS WHEREBYHE MADE HIS OWN INVESTMENT DECISIONS. HE WAS VERYKNOWLEDGEABLE ABOUT THE VARIOUS FEES AND EXPENSES OF MUTUALFUNDS AND HE IS VERY WELL QUALIFIED TO EVALUATE THEINVESTMENTS, AND TOWERS NOTE SEEMED TO BE PROPER FOR HIM.
Date: March 01, 1996 Category: Customer Dispute Allegations: CUSTOMER HAD LOSS ON INVESTMENT AND WANTED HIS MONEY BACK, COMPLAINT WAS NOT AGAINST REP, HE JUST WANTED THE MONEY BACK THAT HE LOST ON THE INVESTMENT Damage Amount Requested: $10,000.00 Settlement Amount: $10,000.00
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for ALEXANDER SVISTOONOFF, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More