DAVID LEE CHIN is currently employed as a Broker and/or Investment Adviser at THE INVESTMENT CENTER, INC. located at 112 MOORE ROAD, EAST GREENBUSH, NY, 12061.
DAVID LEE CHIN has worked at THE INVESTMENT CENTER, INC. since February 17, 2012
Disclosure History
DAVID LEE CHIN has 4 Disclosure Event(s).
Date: December 31, 1998 Category: Customer Dispute Allegations: THAT AN INVESTMENT WITH $25,000 DID NOT PERFORMAND THAT IT WAS INAPPROPRIATE,UNSUITABLE FOR THE INDIVIDUAL.INAPPRORPRIATE INVESTMENT WHICH CAUSED FINANCIAL LOSS. Damage Amount Requested: $825,000.00 Settlement Amount: $37,250.00 Broker Comment: THE ORIGINAL ISSUER OF THE NOTE REFUNDED THE ORIGINAL $25,000 INVESTMENT. I SETTLED $12,250 AS THE POTENTIAL EARNINGS THAT WERE LOST WHILE HOLDING THIS INVESTMENT.
Date: June 22, 1993 Category: Customer Dispute Allegations: LOSSES ALLEGED TO (1) COMMONWEALTH EQUITY(REIT) $20,048.08 (2) DIVERSIFIED WORK MANAGEMENT $35,000 (3)EQUITABLE XV (REAL ESTATE LP) $5,000 (4) EQUITIES XVI (REALESTATE LP) $9,500 (5) RIM INTL $10,000. SUED FOR $100,000 LOSSOF INVESTMENT AND $100,000 PUNITIVE DAMAGES (TOTAL $200,000)"CARELESSLY, NEGLIGENTLY AND IMPROPERLY CAUSED PLAINTIFF TO CULTER SUBSTANTIATED FINANCIAL LOSSES" PARTNERSHIP PROGRAM DID NOT PERFORM. Damage Amount Requested: $200,000.00 Settlement Amount: $25,000.00 Broker Comment: SETTLEMENT: DAVID CHIN - 4,999 PHOENIXHOMELIFE - 10,000 NATIONAL UNION FIRE INS. CO. - 10,000TOTAL 24,999CLIENT WAS UPSET WHEN REAL ESTATE INVESTMENTS(COMMONWEALTH EQUITY, EQUITIES XV AND EQUITIES XVI) BECAMEILLIQUID AND BANKRUPT. THIS WAS ALSO THE TIME HIS SON WASSTARTING SYRACUSE UNIVERSITY AND HE NEEDED TUITION MONEY. HEALSO LOST $50,000 HOME EQUITY LOAN THRU FIRST JERSEY SECURITIESWHICH IS NOW NO LONGER IN EXISTENCE. SETTLEMENT WAS FOR MUCHLESS THAN $200,000 COMPLAINT BECAUSE OF PROFITS MADE THRU???????? TAX FREE UIT; FIDELITY ADVISOR GROWTH OPP; EATON VANCETOTAL RETURN; VKM U.S. GOVT ETC.
Date: January 04, 1991 Category: Employment Separation After Allegations Firm Name: W.S. GRIFFITH & COMPANY, INC. Termination Type: Voluntary Resignation Allegations: E 11910051INADVERTANTLY SOLD A SECURITIES PRODUCT AWAYFROM G. S. GRIFFITH WITHOUT PRIOR WRITTEN NOTICE TO ANDAPPROVAL FROM THE FIRM.ALLOWED TO RESIGN WHILE INVESTIGATING INADVERTENT SELLING AWAY INCIDENT. Broker Comment: ALLOWED TO RESIGN FROM W.S. GRIFFITH FOR ONEYEAR.NOT PROVIDEDINADVERTENTLY RECOMMENDED A PARTNERSHIP FOR A FIRM WHICH HAD A SELLING AGREEMENT FOR ANOTHER PARTNERSHIP FROM THE ONE I RECOMMENDED.
Date: August 29, 1990 Category: Regulatory Initiated By: NASD Allegations: INADVERTENT SELLING AWAY Resolution: Other Sanctions: NONE Sanction Details: ALLOWED TO REREGISTER WITH W.S. GRIFFITH Broker Comment: WROTE LETTER OF FUTURE OBSERVANCE & COMPLIANCE IN REGARDS TO ARTICLE III SEC 43 OF THE ASSOCIATION OF FAIR PRACTICE. REREAD PROHIBITED ACTS FOR REGISTERED REPRESENTATIVES IN COMPLIANCE & PROCEDURES MANUAL.
More Information
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