ARNOLD SCHWARTZ is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 3993 HOWARD HUGHES PARKWAY, SUITE 800, LAS VEGAS, NV, 89169.
ARNOLD SCHWARTZ has worked at MORGAN STANLEY since June 01, 2009
Disclosure History
ARNOLD SCHWARTZ has 4 Disclosure Event(s).
Date: October 21, 1999 Category: Customer Dispute Allegations: UNSUITABILITY, EXCESSIVE TRADING, BREACH OF CONTRACT, BREACH OF FIDUCIARY DUTY, VIOLATION OF FLORIDA STATUTE 517, FRAUD AND FAILURE TO SUPERVISE. DATE OF OCCURRENCE WAS 8/1/97 THROUGH 3/31/99. Damage Amount Requested: $22,000.00 Settlement Amount: $14,999.00 Broker Comment: PLEASE ARCHIVE. ITEM DOES NOT MEET REPORTING CRITERIA.
Date: December 16, 1996 Category: Regulatory Initiated By: STATE OF NEW JERSEY-DEPARTMENT OF BANKINGAND INSURANCE Allegations: STATE ALLEGED THAT MR SCHWARTZUNINTENTIONALLY RENDERED SERVICES AS INSURANCE PRODUCER IN NEWJERSEY FROM 6/12/95 THRU 12/21/96 A PERIOD AFTER WHICH HISLICENSE HAD EXPIRED Resolution: Consent SanctionDetails: Sanctions: Monetary/Fine SanctionDetails: Amount: $500.00 Sanction Details: MR SCHWARTZ CONSENTED TO THE PAYMENT OF $500FINE TO RESOLVE THIS MATTER Broker Comment: ALTHOUGH THE STATE ACKNOWLEDGED THAT MR SCHWARTZPROVIDED DOCUMENTATION TO SUPPORT THAT HE HAD MAILED A RENEWALAPPLICATION PRIOR TO TRANSACTING INSURANCE BUSINESS. THE STATENEVERTHELESS MAINTANED THAT I DID NOT RECEIVE THE INFORMATIONFOR PROCESSING MR SCHWARTZ HOWEVER AT ALL TIMES BELIEVED THATHE WAS REGISTERED RO RENDER SERVICES AS AN INSURANCE AGENTLESLIE KLENK (212) 816-8645
Date: March 29, 1988 Category: Customer Dispute Allegations: $71,913 PLUS $215,739 PUNITIVE DAMAGES. [CUSTOMER] BROUGHT AN ARBITRATION CLAIM FOR LOSSES INCURRED INOPTIONS TRADING IN OCTOBER 1987. Damage Amount Requested: $71,913.00 Settlement Amount: $14,000.00 Broker Comment: SETTLED FOR $14,000.00.NOT PROVIDED
Date: March 01, 1987 Category: Customer Dispute Allegations: UNSUITABLE OPTIONS TRADING IN OCTOBER OF1987. ALLEGED DAMAGES OF $28,137.20.00. Damage Amount Requested: $28,137.20 Settlement Amount: $15,000.00 Broker Comment: SMITH BARNEY SETTLED THE CASE BY AGREEING TOCREDIT CLAIMANT'S ACCOUNT WITH $15,000.00 TOWARDS THE DEBIT.MR. SCHWARTZ WAS NOT ASKED TO CONTRIBUTE TO THIS SETTLEMENT.RESPONDENTS DENIED THE ALLEGATIONS. IN ADDITION,SMITH BARNEY COUTERCLAIMED IN THE AMOUNT OF $28,137.00,REPRESENTING THE DEBIT IN CLAIMANTS' ACCOUNT.
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