DONALD ANTHONY SANDERS is currently employed as a Broker and/or Investment Adviser at SANDERS MORRIS HARRIS LLC located at 600 TRAVIS, SUITE 5900, HOUSTON, TX, 77002.
DONALD ANTHONY SANDERS has worked at SANDERS MORRIS HARRIS LLC since November 02, 1987
Disclosure History
DONALD ANTHONY SANDERS has 5 Disclosure Event(s).
Date: April 15, 2015 Category: Customer Dispute Allegations: A NON-CLIENT INDIVIDUAL CONTACTED THE FIRM ON AN UNSOLICITED BASIS SEEKING TO BUY SHARES OF AN ENERGY COMPANY. THE PERSON PURPORTEDLY PURCHASED SHARES IN THE COMPANY FROM ANOTHER BROKER-DEALER. FOR UNKNOWN REASONS, HE ALLEGES THE SMH REPRESENTATIVE SHOULD HAVE CONVEYED INFORMATION RELATED TO POSSIBLE FUTURE EARNINGS AND OPERATIONS OF THE COMPANY. THE FIRM BELIEVES THE NON-CLIENT'S CLAIM IS FRIVOLOUS AND DENIES THAT IT HAS ENGAGED IN ANY DUBIOUS CONDUCT Settlement Amount: $2,150,000.00
Date: February 11, 2010 Category: Customer Dispute Allegations: CLIENT PURCHASED INTERESTS IN A LIMITED PARTNERSHIP IN 2005. SHE RECEIVED NOTIFICATION THAT THE PARTNERSHIP WAS IN THE PROCESS OF BEING LIQUIDATED, BUT THE LIQUIDATION WOULD NOT LIKELY BE COMPLETED BEFORE DECEMBER 31, 2011. SHE COMPLAINED THAT SHE NEEDED HER FUNDS TO BE LIQUID. Damage Amount Requested: $87,000.00 Settlement Amount: $58,299.99
Date: March 22, 1991 Category: Customer Dispute Allegations: THE ALLEGATIONS INCLUDE A CLAIM FOR NOT MORETHAN $120,000.00 OF ACTUAL DAMAGES, BASED UPON ASSERTEDNEGLIGENCE AND/OR IMPRUDENT DECISIONS WITH RESPECT TO CHOICE OFINVESTMENTS ON CUSTOMER'S BEHALF, AND FAILURE TO PROPERLYMONITOR INVESTMENTS PURCHASED. Damage Amount Requested: $120,345.00 Settlement Amount: $60,000.00 Broker Comment: [CUSTOMER] (CLAIMANT) RECEIVED A SUM OF$60,000.00 IN RETURN FOR A DISMISSAL OF THE ACTION.THE CUSTOMER'S CLAIM WAS BASED UPON THEUNDERSTANDINGS REACHED WITH THE CUSTOMER AT THE TIME THEACCOUNT WAS OPENED AS WELL AS UPON COMMUNICATIONS HAD DURINGTHE COURSE OF MONITORING OF THE INVESTMENTS PURCHASED FOR THECLIENT.
Date: September 25, 1989 Category: Customer Dispute Allegations: THE ALLEGATIONS INCLUDE A CLAIM FOR NOT MORETHAN $600,000.00 OF ACTUAL DAMAGES, BASE DUPON ASSERTEDCHURNING AND UNAUTHORIZED STOCK TRANSACTIONS IN CUSTOMER'SACCOUNT. Damage Amount Requested: $600,000.00 Settlement Amount: $50,000.00 Broker Comment: [CUSTOMER] (CLAIMANT) RECEIVED A SUM OF$50,000.00 FROM DONALD A. SANDERS (RESPONDENT).NOT PROVIDED
Date: April 06, 1989 Category: Customer Dispute Allegations: PLAINTIFF ALLEGED BREACH OF FIDUCIARY DUTY,FRAUD, NEGLIGENCE AND DECEPTIVE TRADE PRACTICES. THE PLAINTIFFALSO ALLEGED DAMAGES FROM THE MANAGEMENT OF HER INVESTMENTPORTFOLIO IN THE AMOUNT OF $450,000 - $500,000. Damage Amount Requested: $500,000.00 Settlement Amount: $150,000.00 Broker Comment: SETTLEMENT AGREEMENT AND MUTUAL RELEASE WASEXECUTED BY BOTH PARTIES WHEREBY DEFENDANTS AGREED TO PAY THEPLAINTIFF THE SUM OF $150,000.00 AS FULL AND FINAL SETTLEMENTOF ALL CLAIMS. SHEARSON LEHMAN HUTTON, INC. PAID $130,000WHILE I PAID $20,000 OF THE SETTLEMENT.Not Provided
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