CHARLES KING

CHARLES KING is currently employed as a Broker and/or Investment Adviser at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED located at 1152 15TH ST NW, WASHINGTON, DC, 20005.

CHARLES KING has worked at MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED since June 22, 1983

Disclosure History

CHARLES KING has 1 Disclosure Event(s).

Date: October 10, 1996
Category: Customer Dispute
Allegations: [CUSTOMER] ALLEGES THAT HER 35 LIMITEDPARTNERSHIP UNITS PURCHASED DURING 1985 AND 1988 WEREMISREPRESSENTED BY HER ORIGINAL BROKER MR. CHARLES KING. [CUSTOMER] SOUGHT $59,000 IN ACTUAL DAMAGES AND $125,000 INPUNITIVE DAMAGES.
Damage Amount Requested: $59,000.00
Settlement Amount: $11,000.00
Broker Comment: RESPONDENTS DECIDED TO AVOID THE UNCERTAINTIESAND EXPENSES INVOLVED WITH AN OUT OF STATE ARBITRATION AND MADEA BUSINESS DECISION TO SETTLE THIS MATTER FOR $11,000.MERRILL LYNCH`S RECORDS INDICATE THAT ON A TOTALRETURN BASIS [CUSTOMER] 35 LIMITED PARTNERSHIP UNITS HAVEACTUALLY PROVIDED HER WITH A PROFIT. IT IS MERRILL LYNCH`SPOSITION THAT [CUSTOMER'S] ALLEGATIONS ARE UNFOUNDED AND THATHER CLAIM FOR DAMAGES ARE OUTLANDISH.

More Information

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