ARNOLD MURRAY PESKIN is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 131 VIERA DRIVE, PALM BEACH GARDENS, FL, 33418.
ARNOLD MURRAY PESKIN has worked at MORGAN STANLEY since June 01, 2009
ARNOLD MURRAY PESKIN has 6 Disclosure Event(s).
Date: February 06, 2014 Category: Regulatory
Date: June 08, 1999 Category: Customer Dispute Allegations: THE [CUSTOMER'S] ALLEGES DAMAGES OF $175,000 AS ARESULT OF MR. PERSKIN NOT FOLLOWING THEIR INSTRUCTIONS TOLIQUIDATE CERTAIN MUTUAL FUNDS. Damage Amount Requested: $175,000.00 Settlement Amount: $65,000.00 Broker Comment: THE [CUSTOMER'S], CLAIMANTS IN THIS ARBITRATION, CLAIMED TO HAVE GIVEN INSTRUCTIONS TO SELL SECURITIES WHICH WERE NOT FOLLOWED. A SALES ASSISTANT TO MR. PESKIN TOOK THE CALL, SHE HAS DENIED THAT THE INSTRUCTIONS WERE GIVEN. NEVERTHLESS, WITHOUT ADMITTING LIABILITY AND TO AVOID THE COSTS AND RISKS OF ARBITRATION, THE FIRM DETERMINED TO SETTLE THIS CLAIM. MR. PESKIN'S CONTRIBUTION IF ANY, HAS NOT BEEN DETERMINED.
Date: June 04, 1999 Category: Customer Dispute Allegations: THE [CUSTOMERS] ALLEGE THAT DAMAGES OF $430,561 WERE INCURRED BECAUSE ARNOLD PASKIN, WHILE EMPLOYED WITH LEGG MASON WOOD WALKER INC. ENTERED A LIMIT ORDER, RATHERTHAN A MARKET ORDER FOR THE SALE OF ICN PHARMACEUTICALS. Damage Amount Requested: $430,561.00 Settlement Amount: $200,000.00 Broker Comment: MR. PESKIN DENIES THE ALLEGATIONS. THE [CUSTOMERS] UNDERSTOOD THAT A LIMIT ORDER WAS PLACED. THESE CLIENTS UTILIZED LIMIT ORDERS FOR PREVIOUS UNSOLICITED PURCHASES AND ARE SOPHISTICATED INVESTORS. AFTER THE [CUSTOMERS] UNDERSTOOD THAT THE LIMIT ORDER WAS NOT EXECUTED, THEY INSTRUCTED ME TO LEAVE THE ORDER OPEN. THEY EVENTUALLY SOLD THE STOCK THREE MONTHS LATER AND CLAIM I AM RESPONSIBLE FOR THE STOCK'S CONTINUED DECLINE.
Date: March 05, 1999 Category: Regulatory Initiated By: STATE OF DELAWARE SECURITIES DIVISION Allegations: UPON REVIEWING A NYSE DECISION, THE DELAWARESECURITIES DIVISION INITIATED AN INVESTIGATION WHICH SOUGHT TOREVOKE THE FINANCIAL ADVISOR'S DELAWARE REGISTRATION. Resolution: Consent Sanction Details: IN ORDER TO CONTINUE TO CONDUCT BUSINESS IN THESTATE OF DELAWARE AND TO AVOID THE TIME, EXPENSE ANDUNCERTAINTY OF LITIGATION, A CONSENT ORDER WAS AGREED TO BY THEPARTIES. Broker Comment: THE CONSENT ORDER PROHIBITS MR. PESKIN FROMESTABLISHING ANY NEW ACCOUNTS FOR DELAWARE RESIDENTS; PROVIDESTHAT EACH EXISTING DELAWARE CLIENT RECEIVE A COPY OF THE NYSEHEARING PANEL DECISION 98-94; AND AT THE END OF EACH CALENDERYEAR THROUGH DECEMBER 2003, THE FIRM CERTIFY COMPLIANCE WITHTHE CONSENT ORDER AND PROVIDE THE COST-EQUITY RATIO FOR EACHCLIENT RESIDING IN DELAWARE TO THE DELAWARE SECURITIESDIVISION. MR. PESKIN WAS EMPLOYED AT LEGG MASON WOOD WALKER,INC. AT THE TIME OF THE OCCURANCE.
Date: August 11, 1998 Category: Regulatory
Date: January 01, 1994 Category: Customer Dispute Allegations: ALLEGED EXCESSIVE AND UNSUITABLE INVESTMENTSCAUSING LOSSES OF $400,000 Damage Amount Requested: $400,000.00 Settlement Amount: $500,000.00 Broker Comment: LEGG MASON AND MR. PESKIN AGREED TO PAY [CUSTOMER] $500,000 IN FULL AND FINAL COMPROMISE AND SETTLEMENT[CUSTOMER] FILED A STIPULATION OF DISMISSAL WITH PREJUDICE.WITHOUT ADMITTING ANY LIABILITY OR WRONGDOING ANDTO AVOID FURTHER EXPENSE AND INCONVENIECE OF FURTHERPROCEEDINGS. I CONCURRED WITH THE SETTLEMENT I EXPECT TO MAKE ASUBSTANTIAL CONTRIBUTION TO THE SETTLEMENT AMOUNT.
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 ARNOLD MURRAY PESKIN, 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