ARNOLD WILLIAM MCMAHON is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 2000 WESTCHESTER AVE, (HOME OFFICE), PURCHASE, NY, 10577.
ARNOLD WILLIAM MCMAHON has worked at MORGAN STANLEY since June 01, 2009
Disclosure History
ARNOLD WILLIAM MCMAHON has 1 Disclosure Event(s).
Date: July 02, 1991 Category: Customer Dispute Allegations: ALLEGED FRAUD, NEGLIGENTMISREPRESENTATION,NEGLIGENCE, BREACH OF FIDUCIARY DUTY &VIOLATION OF RICO IN CONNECTION WITH 1989 PURCHASE OF HIGHINCOME ADVANTAGED TRUST III ("HIAT III"). REQUESTED DAMAGES OF$419,378,ATTORNEYS' FEES OF $139,792 & TREBLE DAMAGES UNDERRICO OF $1,026,647,25 OR, AS AN ALTERNATIVE, PUNITIVE DAMAGESOF $560K PLUS INTEREST. Damage Amount Requested: $419,378.00 Damages Granted: $253,834.00 Broker Comment: NET ARBITRATION AWARD AGAINST DEAN WITTER &MCMAHON JOINTLY FOR: $82,531 FOR DAMAGES, $30K FOR ATTORNEY'SFEES, $9963 FOR COSTS, $1K REIMBURSEMENT ON NASD FEES, PLUS $10PER SHARE OF CLAIMANT'S HIATT III SHARES; CLAIMANT TENDEREDSAID SHARES BACK TO ENA WITTER, WHO SOLD THEM AT CURRENT MARKETPRICE.MCMAHON WASN'T ASKED TO CONTRIBUTE TO THE AWARD.DEAN WITTER VIGOROUSLY DEFENDED THE CASE & BELIEVES THAT IT &MCMAHON ENGAGED IN NO WRONGDOING WHATSOVER.
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