DAVID WILLIAM SCHWARTZ is currently employed as a Broker and/or Investment Adviser at FMSBONDS, INC. located at 20660 WEST DIXIE HWAY, NORTH MIAMI BEACH, FL, 33180.
DAVID WILLIAM SCHWARTZ has worked at FMSBONDS, INC. since January 16, 1995
Disclosure History
DAVID WILLIAM SCHWARTZ has 2 Disclosure Event(s).
Date: March 09, 2011 Category: Customer Dispute Allegations: CLAIMANT ALLEGES THAT THE BROKER MADE UNSUITABLE RECCOMEDATIONS OF "HIGH RISK CORPORATE BONDS" AND THAT THE BROKER OVERCONCENTRATED THE ACCOUNT IN GM AND OTHER HIGH RISK BONDS. Damage Amount Requested: $964,899.79 Broker Comment: CUSTOMER CLAIMS WITHDRAWN WITH PREJUDICE (8/2/2013), WITH NO PAYMENT MADE BY BROKER OR FIRM.
Date: December 09, 2009 Category: Customer Dispute Allegations: BREACH OF FIDUCIARY DUTY; NEGLIGENCE; COMMON LAW FRAUD; BREACH OF CONTRACT; VIOLATION OF FINRA CONDUCT RULE 2110; VIOLATION OF FINRA CONDUCT RULE 2210(D)(1)(A); VIOLATION OF ERISA Damage Amount Requested: $500,000.00 Broker Comment: CLAIMANTS' STATEMENT OF CLAIM, AND ALL CLAIMS CONTAINED THEREIN, ARE Dismissed WITH PREJUDICE, IN EXCHANGE FOR: (A) NO PAYMENT BY OR ON BEHALF OF THE RESPONDENT; (B) RESPONDENFS AGREEMENT TO NOT SEEK RECOVERY OF ITS ATTORNEYS' FEES FROM CLAIMANTS; (C)EACH PARTY TO BEAR THEIR OWN ATTORNEYS' FEES; AND, (D) ALL FINRA FEES, ASSESSMENTS, AND ADMINISTRATIVE COSTS NOT YET PAID ARE TO BE ASSESSED 50% TO CLAIMANTS AND 50% TORESPONDENT AFTER APPLYING CLAIMANTS' REMAINING DEPOSIT.
More Information
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