EDWARD JOHN BOULBOL is currently employed as a Broker and/or Investment Adviser at MORGAN STANLEY located at 595 SOUTH FEDERAL HIGHWAY, BOCA RATON, FL, 33432.
EDWARD JOHN BOULBOL has worked at MORGAN STANLEY since June 01, 2009
Disclosure History
EDWARD JOHN BOULBOL has 3 Disclosure Event(s).
Date: September 13, 2004 Category: Customer Dispute Allegations: CLIENT ALLEGED INVESTMENT WAS UNSUITABLE AND MISREPRESENTED-08/09/01 - 08/16/04.DAMAGES UNSPECIFIED. Broker Comment: CLAIM DENIED.
Date: March 24, 1992 Category: Customer Dispute Allegations: UNSUITABILITY, BREACH OF FIDUCIARY DUTY,VIOLATION OF NYSE & NASD RULES OF FAIR PRACTICE. ALLEGEDDAMAGES: $69,971.72 Damage Amount Requested: $69,971.72 Settlement Amount: $45,000.00 Broker Comment: CASE SETTLED FOR $45,000.00 SHEARSON PAID TOTALSETTLEMENT. FC WAS NOT ASKED TO CONTRIBUTE.I DENY THE CLAIM IN IT'S ENTIRETY. THE CLIENTMET ALL OF THE SUITABILITY REQUIREMENTS OF THE NYSE & NASD INADDITION THE INVESTMENTS WERE EITHER U.S. GOVT BACKED BONDS ORON THE SHEARSON LEHMAN BROTHERS RECOMMENDED LIST, AND THEY METTHIS CLIENTS REQUIREMENTS & PREVIOUS INVESTMENT EXPERIENCE.
Date: March 22, 1989 Category: Customer Dispute Allegations: UNSUITABLE INVESTMENTS BREACH OF FIDUCIARYDUTY & FAILURE TO ADVISE OF INVESTMENT RISK BY ACCOUNTEXECUTIVES AND FAILURE TO SUPERVISE BY MEMBER FIRM Damage Amount Requested: $1,345,705.40 Damages Granted: $106,399.00 Broker Comment: FULL AND FINAL SETTLEMENT OF ALL CLAIMS$106,399.00 PAID BY SHEARSON LEHMAN BROTHERS SOLELY NO PAYMENTWAS MADE BY OR CHARGED TO EDWARD BOULBOL[CUSTOMER] WAS A SOPHISTICATED CLIENT WHO HADBEEN DOING THE SAME TYPE OF TRADING WITH SEVERAL FIRMS. HE HADBEEN ACTIVE IN THE MARKET FOR OVER 20 YEARS. ALL TRADES WERESELF DIRECTED. THE CLIENT REFUSED ADVICE AND INSISTED ON ALL TRADES IN SPITE OF NUMEROUS LETTERS ADVISING OF THE RISK BYMYSELF AS WELL AS THE BRANCH MANAGER. THE LOSS WAS DIRECTLYRELATED TO THE OCTOBER 1987 THREE DAY CRASH. THE SALE OFUNCOVERED PUTS TO GENERATE INCOME AND BUY STOCKS UNDER THE MARKET WS A STRATEGY ENDORSED AT THE TIME BY SHEARSON. AFTER THEARBITRATION [CUSTOMER] REQUESTED WE REMAIN AS HIS FINANCIALCONSULTANTS AND WE REFUSED.
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