DAVID HUGH BINDELGLASS is currently employed as a Broker and/or Investment Adviser at CANTELLA & CO., INC. located at 9 VETERANS PKWY, 2ND FL., PEARL RIVER, NY, 10965.
DAVID HUGH BINDELGLASS has worked at CANTELLA & CO., INC. since January 04, 2018
DAVID HUGH BINDELGLASS has 7 Disclosure Event(s).
Date: January 26, 2018 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT THE PURCHASE OF A PUERTO RICO BOND IN 2011 WAS UNSUITABLE. ALLEGED DAMAGES UNSPECIFIED. Settlement Amount: $25,000.00
Date: December 28, 2017 Category: Customer Dispute Allegations: CLIENT ALLEGED UNSUITABILITY WITH RESPECT TO INVESTMENTS - 2014. Settlement Amount: $5,657.26
Date: December 20, 2017 Category: Employment Separation After Allegations Firm Name: Morgan Stanley Smith Barney, LLC Termination Type: Discharged Allegations: Allegations that employee (i) acted on instructions from clients' family members in two households who were unauthorized to transact business in the accounts and (ii) communicated recommendations and accepted authorizations from clients in two other households, despite concerns regarding the client's mental acuity Broker Comment: Advisor denies in its entirety the accuracy of Morgan Stanley's termination explanation. Advisor has never engaged in unauthorized trading by acting on instructions from customers' family members or other third parties not authorized to conduct business in customers' accounts. Advisor also has never conducted trading on behalf of clients whose mental competency is in question. Advisor denied all such allegations while employed with Morgan Stanley, and has since obtained sworn affidavits from the persons in question that directly contradict Morgan Stanley's termination explanation.
Date: May 25, 2016 Category: Customer Dispute Allegations: Claimants alleged, inter alia, unsuitability and misrepresentation with respect to the municipal bond investments in his accounts - 2008 to 2015. Damage Amount Requested: $5,384,801.00 Settlement Amount: $750,000.00 Broker Comment: This matter was settled for business reasons in order to avoid the cost and uncertainty of litigation. The Financial Advisor did not contribute to the settlement.
Date: May 19, 2014 Category: Customer Dispute Allegations: unsuitable recommendations, failure to disclose, breach of contract, and negligence. Damage Amount Requested: $157,267.17
Date: March 16, 2010 Category: Customer Dispute Allegations: CLAIMANT ALLEGES, INTER ALIA, THAT FROM SEPTEMBER OF 2006 THROUGH 2009 THE FINANCIAL ADVISOR MADE UNSUITABLE INVESTMENTS IN THE CLAIMANT'S ACCOUNTS. Damage Amount Requested: $241,156.00 Settlement Amount: $36,000.00
Date: October 23, 2006 Category: Customer Dispute Allegations: CLIENTS ALLEGE BROKER RECOMMENDED UNSUITABLE MOSTLY HIGH TECH SECURITIES AND MUTUAL FUNDS IN PERIOD 2000 - 2001. Damage Amount Requested: $57,000.00 Settlement Amount: $9,000.00
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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.
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