CRAIG SCOTT STORCH is currently employed as a Broker and/or Investment Adviser at SANFORD C. BERNSTEIN & CO., LLC located at 777 SOUTH FLAGLER DRIVE, SUITE 1010, W. PALM BEACH, FL, 33401.
CRAIG SCOTT STORCH has worked at SANFORD C. BERNSTEIN & CO., LLC since December 07, 2000
Disclosure History
CRAIG SCOTT STORCH has 2 Disclosure Event(s).
Date: December 09, 2013 Category: Regulatory Initiated By: FLORIDA OFFICE OF FINANCIAL REGULATION Allegations: ENGAGED IN INVESTMENT ADVISORY SERVICES IN FLORIDA WITHOUT THE BENEFIT OF REGISTRATION. Resolution: Order SanctionDetails: Sanctions: Civil and Administrative Penalty(ies)/Fine(s) SanctionDetails: Amount: $20,000.00 Broker Comment: THE ACTION TAKEN AGAINST THE INDIVIDUAL REGISTERED REPRESENTATIVE IN THIS MATTER WAS THE DIRECT RESULT OF THE FIRM'S ERRONEOUSLY INFORMING THE REGISTERED REPRESENTATIVE THAT HIS REGISTRATION IN THE STATE OF FLORIDA AS AN INVESTMENT ADVISER REPRESENTATIVE WAS APPROVED. WHILE THE STATE OF FLORIDA HAS IMPOSED A STRICT LIABILITY STANDARD AGAINST THE REGISTERED REPRESENTATIVE, THE ERROR WAS ON THE PART OF THE FIRM AND ITS FAILURE TO PROPERLY REGISTER THE REGISTERED REPRESENTATIVE. IT SHOULD BE NOTED THAT THE REGISTERED REPRESENTATIVE WAS REGISTERED PROPERLY AS A SECURITIES AGENT WITH THE STATE OF FLORIDA DURING THE RELEVANT PERIOD. IN ADDITION, TO THE BEST OF THE FIRM'S KNOWLEDGE, THE REGISTERED REPRESENTATIVE WAS PROPERLY REGISTERED IN OTHER TERRITORIES IN WHICH HE CONDUCTED BUSINESS DURING THE RELEVANT TIME PERIOD.
Date: December 27, 2011 Category: Customer Dispute Allegations: THE CUSTOMERS ALLEGE THAT THE FIRM AND THE REGISTERED REPRESENTATIVE DID NOT FOLLOW THEIR STATED INVESTMENT OBJECTIVES. Damage Amount Requested: $1,000,000.00 Settlement Amount: $200,000.00 Broker Comment: ON OCTOBER 2, 2013, TO RESOLVE THE MATTER, AND WITHOUT ADMITTING ANY LIABILITY, BERNSTEIN AGREED TO SETTLE THE MATTER WITH THE CLAIMANTS. THE REGISTERED REPRESENTATIVE WAS NOT ASKED TO, NOR DID HE, CONTRIBUTE TO THE SETTLEMENT.
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