DAVID SAUL MINKER is currently employed as a Broker and/or Investment Adviser at STIFEL, NICOLAUS & COMPANY, INCORPORATED located at 1095 AVENUE OF THE AMERICAS, 3RD & 4TH FLOORS, NEW YORK, NY, 10036.
DAVID SAUL MINKER has worked at STIFEL, NICOLAUS & COMPANY, INCORPORATED since August 21, 2007
Disclosure History
DAVID SAUL MINKER has 8 Disclosure Event(s).
Date: May 07, 2012 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE BREACH OF CONTRACT, VIOLATION OF THE FINRA SUITABILITY RULES, BREACH OF FIDUCIARY DUTY, AND PROFESSIONAL NEGLIGENCE. TIME FRAME: APRIL 1, 2002 TO AUGUST 30, 2011. Damage Amount Requested: $282,000.00 Settlement Amount: $40,000.00
Date: October 08, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES UNSUITABILITY, CHURNING, UNAUTHORIZED TRADING, ORDER FAILURE, OVER-CONCENTRATION, AND OVERCHARGING OF COMMISSIONS. Damage Amount Requested: $99,000.00 Settlement Amount: $10,000.00
Date: August 14, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES UNSUITABLILITY, CHURNING, UNAUTHORIZED TRADING, ORDER FAILURE, OVER-CONCENTRATION, AND OVER CHARGING OF COMMISSIONS Damage Amount Requested: $149,000.00 Settlement Amount: $50,000.00
Date: April 09, 2007 Category: Customer Dispute Allegations: CLIENTS ALLEGE THAT THEIR ACCOUNTS WERE MISHANDLED AND HAD EXCESSIVE TRADES, AND CLIENTS ARE COMPLAINING REGARDING THE COMMISSION GENERATED. Damage Amount Requested: $92,090.65 Settlement Amount: $68,000.00 Broker Comment: THE CLAIMS ALLEGED IN THIS CUSTOMER COMPLAINT PERTAINED IN LARGE PART TO THE TIMEFRAME BEFORE THE SUBJECT ACCOUNTS WERE ASSIGNED TO DAVID MINKER, AND DAVID MINKER WAS NOT ASKED TO CONTRIBUTE TO THIS SETTLEMENT.
Date: January 28, 1999 Category: Employment Separation After Allegations Firm Name: DEAN WITTER REYNOLDS Termination Type: Permitted to Resign Allegations: N/A[CUSTOMER] ALLEGED UNAUTHORIZED TRADINGIN HIS ACCOUNT AND SEEKS REIMBURSEMENT OF TRADING LOSSES INEXCESS OF $100,000. Broker Comment: BROKER PERMITTED TO RESIGN BASED UPON COMPLAINTOF [CUSTOMER] PREVIOUSLY REPORTED ON 12/2/98 AND BASEDUPON ORAL INDICATION FROM ANOTHER CUSTOMER WHO, IN RESPONSE TOAN INQUIRY FROM THE FIRM, STATED THAT HE GAVE TIME AND PRICEDISCRETION TO BROKER. THIS CUSTOMER NEVER COMPLAINED ABOUT ANYTRANSACTION.NOT PROVIDED
Date: October 08, 1998 Category: Customer Dispute Allegations: CLAIM ALLEGED THAT DURING AUGUST AND SEPTEMBER 1998 BROKER ENGAGED IN UNAUTHORIZED TRADING. Damage Amount Requested: $130,000.00 Settlement Amount: $65,000.00 Broker Comment: TO AVOID THE RISKS AND COST OF LITIGATION, AND WITHOUT ADMITTING LIABILITY, DEAN WIITER AGREED TO SETTLE THIS COMPLAINT WITH THE CLIENTS FOR $65,000.00 DAVID MINKER, WHO WAS NOT ASKED TO CONTRIBUTE TO THE SETTLEMENT, DENIES ANY LIABILITY. MR. MINKER STATES THAT ALL TRADES WERE IN ACCORDANCE WITH THE CUSTOMER'S INSTRUCTIONS, AND THAT THE COMPLAINT WAS MADE MORE THAN SEVEN WEEKS AFTER THE FIRST ALLEGED UNAUTHORIZED TRADE, AFTER A SIGNIFICANT DECLINE IN THE STOCK MARKET.
Date: February 01, 1981 Category: Employment Separation After Allegations Firm Name: OPPENHEIMER & CO. Termination Type: Discharged Allegations: 126-13UNAUTHORIZED TRANSACTIONS, NONOPTIONS, TWOOCCASIONS. Broker Comment: I RECOVERED FROM OPPENHEIMER A SUBSTANTIAL PORTIOOF MY CLAIM AND WAS VINDICATED THAT NO TRADES WERE UNAUTHORIZED.IN 4/87, I WAS INFORMED THAT OPPENHEIMER & CO., OF THEIR OWNCHOOSING, HAD SETTLED SEVERAL FORMER CUSTOMER COMPLAINTS, ALL OFWHICH ALLEGED UNAUTHORIZED TRANSACTIONS, FOR AN AMOUNT IN EXCESSOF $5,000. I DID NOT APPROVE OF, PARTICIPATE IN, OR CONTRIBUTEIN ANY OF THESE SETTLEMENTS NOR DID I HAVE PRIOR KNOWLEDGE OFTHESE SUPPOSED SETTLEMENTS. THESE SETTLEMENTS WERE NOT THERESULT OF ANY LEGAL PROCEEDINGS OR ARBITRATION PROCEEDINGS ORLEGAL COMPLAINTS.12/80 TO 1/81, SEVERAL OF MY CLIENTS RECEIVEDMARGIN CALLS WHILE PARTICIPATING IN AN OPPENHEIMER AND CO. BONDPROGRAM INVOLVING LEVERAGED U.S. TREASURY BONDS. SEVERAL CLIENTSCOMPLAINED ABOUT LARGE LOSSES AND WERE TOLD BY AN OPPENHEIMERREPRESENTATIVE THAT IF THEY, MY CLIENTS, CLAIMED THE TRADES WEREUNAUTHORIZED, OPPENHEIMER WOULD LET THEM OUT OF, "REVERSE",CERTAIN TRADES. OPPENHEIMER CHARGED ME WITH LOSSES AND CLAIMED IENGAGED IN UNAUTHORIZED TRADING TO JUSTIFY THEIR POSITIONS. INFACT, ALL THE TRADES WERE AUTHORIZED; NONE WERE IN ANY WAYUNAUTHORIZED. I TOOK OPPENHEIMER TO ARBITRATION TO RECOVER THECHARGES THEY MADE AGAINST MY ACCT. I RECOVERED A SUBSTANTIALPORTION OF MY CLAIM AND WAS VINDICATED THAT NO TRADES WEREUNAUTHORIZED.
Date: October 01, 1977 Category: Customer Dispute Allegations: NONSUITABILITY AND AUTHORIZED TRADE INMUNICIPAL SECURITIES. CLAIM WAS UNSPECIFIED IN DOLLAR AMOUNT. Settlement Amount: $10,000.00 Broker Comment: PAYMENT OF $10,000 WAS MADE TO [CUSTOMER] BY SHEARSONMINKER WAS NOT CHARGED OR DID NOT PARTICIPATE IN SETTLEMENT.I DENY ANY WRONGDOING REGARDING THIS COMPLAINT.
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