DONALD HERMAN LOCKSHIN is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 20807 BISCAYNE BLVD, SUITE 403, AVENTURA, FL, 33180.
DONALD HERMAN LOCKSHIN has worked at MORGAN STANLEY since June 01, 2009
Disclosure History
DONALD HERMAN LOCKSHIN has 5 Disclosure Event(s).
Date: January 27, 2014 Category: Customer Dispute Allegations: CLIENT'S SON ALLEGES UNSUITABILITY, INTER ALIA, WITH RESPECT TO INVESTMENTS - 10/25/2012 - 1/10/1014 Settlement Amount: $6,748.86
Date: August 21, 2008 Category: Customer Dispute Allegations: CLIENTS ALLEGE MISREPRESENTATION IN REGARD TO THEIR PURCHASE OF AUCTION RATE SECURITIES. UNABLE TO CONCLUDE THAT DAMAGES DO NOT EXCEED $5,000. Settlement Amount: $400,000.00 Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHETHER THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENTS TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.
Date: May 12, 2004 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE THAT A FINANCIAL ADVISOR UNDER MR. LOCKSHIN'S SUPERVISION COMMITTED COMMON LAW VIOLATIONS IN CONNECTION WITH TRANSACTIONS FROM 1995 FORWARD. Damage Amount Requested: $750,000.00 Settlement Amount: $35,000.00 Broker Comment: IN ORDER TO AVOID THE COSTS AND UNCERTAINTIES OF LITIGATION, MORGAN STANLEY DW INC. AGREED TO PAY CLAIMANT $35,000.00 IN FULL AND FINAL SETTLEMENT OF ANY AND ALL CLAIMS ASSERTED BY CLAIMANT IN THIS PROCEEDING. CLAIMANT AGREES TO THE EXPUNGEMENT OF ALL REFERENCES TO THIS PROCEEDING FROM MR. LOCKSHIN'S NASD CRD RECORDS.
Date: June 20, 1994 Category: Customer Dispute Allegations: ACTUAL/COMPENSATORY DAMAGES, ASKED AMOUNT$211,493.00 JOINTLY AND SEVERALLY; INTEREST, ATTORNEY FEES,OTHER COSTS, OTHER MONETARY RELIEF, ASKED AMOUNTS $0.00 JOINTLYAND SEVERALLY; PUNITIVE/EXEMPLARY DAMAGES, ASKED AMOUNT$644,479.00 JOINTLY AND SEVERALLY. Damage Amount Requested: $211,493.00 Broker Comment: ACTUAL/COMPENSATORY DAMAGES, INTEREST, ATTORNEYFEES, OTHER COSTS, OTHER MONETARY RELIEF, ANDPUNITIVE/EXEMPLARY DAMAGES, RELIEF REQUEST ISWITHDRAWN/SETTLED/ETC. JOINTLY AND SEVERALLYI RECEIVED A GENERAL RELEASE FROM THE CASE DATED5/SEPT/96. WHICH COMPLETELY RELEASED ME FROM THE CASE. I WAS ACO-MANAGER AT PRUDENTIAL DURING PART OF THE TIME. I DID NOTHANDLE THE COMPLIANCE. PRUDENTIAL SETTLED WITH [CUSTOMER]AFTERRELEASING ME.
Date: December 23, 1992 Category: Customer Dispute Allegations: CLIENTS ALLEGE THAT BRANCH MANAGER LOCKSHINWAS NEGLIGENT IN HIS SUPERVISION OF F.A. [THIRD PARTY]WHICH RESULTED IN DAMAGES IN EXCESS OF $418,000. Damages Granted: $30,000.00 Broker Comment: ALTHOUGH AN ARBITRATION AWARD IN THE AMOUNT OF$30,000 WAS RENDERED AGAINST PRUDENTIAL SECURITIES AND THE FA ANEW YORK STOCK EXCHANGE PANEL DISMISSED ALL CLAIMS AGAINST MR.LOCKSHIN.NOT PROVIDED
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